EPF To Increase Foreign Assets Up To 27 Per Cent

EPF To Increase Foreign Assets Up To 27 Per Cent
KUALA LUMPUR, Feb 22 (Bernama) — The Employees Provident Fund (EPF) intends to grow its foreign assets up to 27 per cent over the next two years in a move to further diversify its portfolio.

Chief Executive officer Datuk Shahril Ridza Ridzuan said the fund’s foreign assets had grown to 25 per cent in 2015 from 23 per cent in 2014, after an aggressive diversification exercise in global assets in the last five years.

He added that the diversification could help offset or balance out the varying market performance.

— BERNAMA