QUOTE(hengger @ Jun 30 2020, 08:30 AM)
If u are worried, u can take out and invest in unit trustEPF DIVIDEND, EPF
EPF DIVIDEND, EPF
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Jun 30 2020, 08:39 AM
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Junior Member
116 posts Joined: Jun 2020 |
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Jul 1 2020, 11:54 AM
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Junior Member
116 posts Joined: Jun 2020 |
QUOTE(GrumpyNooby @ Jul 1 2020, 07:49 AM) Malaysia’s $216 billion fund looks overseas for higher gains Its not a good time to invest outside of MY now(July 1): Malaysia’s largest pension fund is investing more overseas as it seeks to beat the 4% to 5% return it has been achieving. The Employees Provident Fund with about $216 billion in assets has been expanding its global portfolio to maintain high dividends for Malaysian workers in the face of limited opportunities onshore, Chief Executive Officer Alizakri Alias said in a Bloomberg TV interview with Haslinda Amin. “The rate of growth for our fund is outgrowing the rate of the economic growth of Malaysia,” he said on Tuesday. “So whether we like it or not, we have to start looking overseas.” The state fund currently has almost 30% of its investments placed overseas. Its assets rose 10.9% last year to 924.75 billion ringgit ($216 billion) as of the end of 2019. https://www.theedgemarkets.com/article/mala...as-higher-gains 1. Should prop up MY economy 2. MY currency is low right now |
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