At least the fee structure is moving in the right direction

I saw that some members have recommended the Principal Greater China fund, it does look good. Any recommendation on US focus funds that are available on EPF?

Hope to see some roboadvisor available soon on EPF like Endowus in Sgp where you can invest CPF funds at a discounted rate.

It does seem a bit gung ho to invest in stocks if they meet these criterias for i-Sinar withdrawal.

https://archive.fortune.com/magazines/fortu...11503/index.htm

Thanks, I guess EPF investment scheme is more useful for emerging markets then.

No, Greater China and India or BRIC countries.

Yes, really doesn’t make any sense besides politics 🙄

Quite unsettling to change EPFs CEO after such a short period. I hope they can communicate why otherwise it looks like the EPF is getting more politicised.

From his linkedin:

A highly motivated CEO of proven ability with extensive experience in the Oil & Gas/Shipping/Retail/Services industries, who has..

🙄

Do you think the additional loosening up of i-Sinar caused the change in EPF head?

Petronas top was also rumoured to step down due to disagreement with the Sarawak deal. It seems to be the modus operandi of the govt. Now he is with Exxon, shame to lose these talented individuals.

This is very worrying. Replacing all institution heads with yes men. EPF has high participation by all Msians and this must be alarming to many.

Let’s see if his qualifications hold up. It’s not unheard of that people misrepresent them in Malaysia.

I don’t recall them removing EPFs CEO previously. The last one was reputable and moved to Khazanah.

Which one are you thinking of?

I would consider withdrawing. The investment scheme needs to be enhanced for it to be interesting. There is also a tax liability in remaining in EPF compared to having the funds outside.

Introduction of taxation on retirement funds. It has happened in some other countries desperate for tax revenues.

You can usually see the transactions for 2021 under withdrawal eligibility. It will be updated after the dividend is announced.

With some reservation to the source : https://www.ai-cio.com/news/worlds-largest-...nds-aum-8-2019/

As a Msian, EPF is certainly something we all can be proud of. A Malaysian retirement fund to be up there with all those other highly rated countries.

Hope they can continue to manage it with minimal political interference.

AUM, the performance among them is bound to be similar. The Malaysian market unfortunately have not been that great.

I am a member of another country’s retirement fund which similarly invests a large portion in the domestic market. The logic is that you will be retiring in Malaysia and your fund growth should follow the local market movements (which in my other case has outperformed global indices). Moreover there is a currency factor. It is sound to keep a minimum 20% in the local market but I agree that EPF may have too much in Malaysia. I think they will be increasing foreign exposure with time unless there is political interference.

I am not privy to it but I believe it has been alike to other GLCs in Malaysia. It is directly under MOF.

For the withdrawal, I am quite sure that is to come. It is clear that many aren’t able to manage their finances after retirement. Our neighbour down south did something similar.

Bonds are a large portion of its holding. MGS is probably booked as no risk (/sovereign) for them so it should be high up on their list in terms of risk management.