EPF: External fund managers contribute 24% to 2024 income
A man stood before the EPF logo at Menara KWSP in Kwasa Damansara. —AZHAR MAHFOF/The Star
KUALA LUMPUR: The Employees Provident Fund's (EPF) panel of external fund managers contributed a record 24 per cent to the retirement fund's total income in 2024.
EPF said in a statement today that as at Dec 31 2024, a total of RM213.21 billion had been outsourced to external fund managers, representing 17 per cent of the EPF's total investment assets.
EPF chairman Tan Sri Mohd Zuki Ali said the achievement is a testament to the depth of talent, insight, and collaboration across the investment ecosystem cultivated by the EPF and its external fund managers.
"Despite the external headwinds and market volatility over the past year, the EPF and its external fund managers have demonstrated agility and resilience in managing a diversified portfolio aimed at delivering long-term value for our members," he said.
In 2024, the EPF delivered a dividend rate of 6.30 per cent, with a payout of RM73.24 billion for Simpanan Konvensional and RM10.19 billion for Simpanan Shariah.
The EPF recorded a total investment income of RM74.46 billion in 2024, while the size of its investment assets grew to RM1.25 trillion.
Mohd Zuki added that EPF is committed to innovation, leveraging artificial intelligence and automation to enhance operational efficiency and develop a more agile, future-ready investment infrastructure.
"We actively engage with our external fund managers to ensure they are aligned with our purpose for sustainable and inclusive growth," he said.
Meanwhile, EPF honoured 12 top-performing external fund managers across their respective mandates at the annual EPF External Fund Managers Award Dinner.
Among the winners are Best Domestic Equity Fund Manager (Shariah) 2024, which was presented to BNP Paribas Asset Management Najmah Malaysia Sdn Bhd, and Best Domestic Equity Fund Manager (Conventional) 2024, awarded to Franklin Templeton Asset Management (Malaysia) Sdn Bhd.
The category of Best Global Bond Fund Manager 2024 was awarded to BNP Paribas Asset Management Malaysia Sdn Bhd. - Bernama
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