https://www.theedgemarkets.com/article/cove...-core-says-amir

This useless Edge keep pushing for tiered dividends..

Active vs Total

&

2019 vs Now after all the withdrawals

Sure got difference which can only see in 2021 annual report.

This post has been edited by Cubalagi: Jun 25 2021, 08:58 AM

Delete

This post has been edited by Cubalagi: Jun 25 2021, 08:55 AM

Why u say 15% overseas? Article says 15% with external fund managers. EPF also invest overseas markets directly. Their overseas allocation is more than 30% of their assets.

This post has been edited by Cubalagi: Oct 9 2021, 11:32 AM

1. Never invest directly? Wrong. they use international broking firms when they do so. Fyi EPF is far ahead than PNB r Khazanah when it comes to trading foreign markets.

2. They use custodian bank namely Citibank. U are correct tho that they do actively lend to boost income.

3. Most of their offshore investments are in stocks and ETFs..Yes they do have foreign real estate eg battersea, but that's a small part of their portfolio.

How I know? I'm in the industry.

It's not 30% of 42% (or 12.6% of total), it's much more than that.

Out of that 30% overseas investments, most are in equities. I have not seen EPF publish the breakdown of its asset allocation for their overseas investments, so this is just based on my observation. My guesstimate is at least 25% in foreign equities This is 25% of total, not 25% of 42%.

Assuming 25%, then you are looking at balance of 17% in Malaysia equities. (Probably a bit less than that). Let's say lah, 17%, then say EPF AUM is RM1 trillion, then it's RM170 billion on bursa.

Bursa market cap is about RM1.8 trillion, so 170 billion over 1.8T is 9.5% in EPF hands.

The next biggest is PNB with AUM of more than RM300 billion. This one probably has 10% overseas now, so it has a bigger exposure AUM % wise to bursa. Size wise, exposure to Bursa is probably close to EPF.

After that u have the smaller Khazanah, Kwap, LTH, LTAT n SOCSO.

I guess about a third of Bursa are in the hands of GLICs.

This post has been edited by Cubalagi: Oct 30 2021, 08:35 AM

If u recall the previous CEO who was not accommodative enough for withdrawals resigned.

Yeah..let's punish those who are thrifty and who has financial discipline.

No such thing..currently you get same dividends if above RM1m

EPF is a GLIC.

On this donation, fyi EPF does take "management expenses" from the fund to cover their expenses like salaries, rental, IT systems etc. My guess is that donation will come from there.

They can't afford .

Let's say 3 million ppl..will be RM36 billion a year.

N Malaysia is already starting to be aging nation, with more n more people becoming old.

Amir Hamzah was appointed in 2021. This report is 2020.

Looking at the 2020 figure, I also don't think it's just the CEO salary but the CEO and all the "Chiefs", who are acting deputy CEO.

Commie writer..

They didn't say EPF will collapse...they say the capital market can collapse.

In terms of Asset Allocation, EPF is basically a balanced/moderate Fund.

50-50 equity fixed income split
30% foreign exposure

EPF past 10 years annualized return is 6.11%.

One big advantage for EPF is no sales charge and very low management fee n that helps performance a lot.

This post has been edited by Cubalagi: Feb 6 2022, 08:28 AM

Mr Bear! Haven't seen your postings for a while.

My tikam is 5.7% for conventional.

This post has been edited by Cubalagi: Feb 6 2022, 11:08 AM

While EPF guaranteed minimum dividend is 2.5%, EPF KPI target for dividends is 2% above inflation. For the inflation, they use a rolling average of 3 years CPI number.

So far they have been doing pretty well exceeding this target..but if CPI gets higher and higher, then it will become more challenging.

SSPN n EPF use different investing strategies.

For one, SSPN doesn't invest in equities.

What EPF did right was that they started to aggressively invest overseas, in particular developed markets starting from, circa 2012. They were then able to profit from the US bull market n MYR devaluation.

Tbh I think it will be very hard in the future for EPF to repeat past 10 years return

Shahril Ridza