EPF commits to publish top 30 equity investments on quarterly basis
KUALA LUMPUR: The Employees Provident Fund (EPF) has committed to publishing on a quarterly basis its top 30 equity investments in companies listed on Bursa Malaysia Securities towards promoting greater transparency.
"The quarterly disclosure of our equity investments through the online page is in line with our positive stance towards corporate governance which will enable members to see in which companies their savings are being invested," EPF CEO Tan Sri Azlan Zainol said in a statement on Wednesday, June 9.
Such information is available in filings to Bursa Securities, but EPF's move now has made it easier for investors to locate it via a newly introduced "Investment Highlights" page on EPF's website.
The page aims to keep members informed of EPF's performance in the various financial instruments that it invests in.
"Besides, by periodically disclosing its investment performance, it will help to reassure members that investment decisions undertaken are in the best interest of growing their retirement savings and in accordance with best practices in investment and governance.
"This is just a first step towards enhancing our transparency and we will review periodically if there is any further information regarding investment that can be disclosed without jeopardising our investment strategy," Azlan said.
However, he said not everything about EPF's investments could be revealed due to strategic reasons.
"Here we would like to stress to all our members that any non-disclosure of information is solely in the interest of protecting our investment strategy. There is strictly no hidden agenda but merely done to protect and enhance our investment for the benefit of our members.
"As an institution entrusted to manage a retirement fund in excess of RM370 billion, we are conscious of our responsibility to grow our members' retirement savings," he said.
"The quarterly disclosure of our equity investments through the online page is in line with our positive stance towards corporate governance which will enable members to see in which companies their savings are being invested," EPF CEO Tan Sri Azlan Zainol said in a statement on Wednesday, June 9.Such information is available in filings to Bursa Securities, but EPF's move now has made it easier for investors to locate it via a newly introduced "Investment Highlights" page on EPF's website.
The page aims to keep members informed of EPF's performance in the various financial instruments that it invests in.
"Besides, by periodically disclosing its investment performance, it will help to reassure members that investment decisions undertaken are in the best interest of growing their retirement savings and in accordance with best practices in investment and governance.
"This is just a first step towards enhancing our transparency and we will review periodically if there is any further information regarding investment that can be disclosed without jeopardising our investment strategy," Azlan said.
However, he said not everything about EPF's investments could be revealed due to strategic reasons.
"Here we would like to stress to all our members that any non-disclosure of information is solely in the interest of protecting our investment strategy. There is strictly no hidden agenda but merely done to protect and enhance our investment for the benefit of our members.
"As an institution entrusted to manage a retirement fund in excess of RM370 billion, we are conscious of our responsibility to grow our members' retirement savings," he said.
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