Since EPF registered 2 consecutive quarter of poor results, I wud b happy if they can declare Dividend of at least 6%  for 2016 as compared to 6.40% in 2015

EPF's Simpanan Shariah hits RM41.1 bil
http://www.theedgemarkets.com/my/article/e...-hits-rm411-bil

41% take up rate is consider gud or slow?

Reading this thread sometimes makes me feel bad for the lower income group.

It's really expensive to be poor, then some ppl here suggest cutting their interest in the future.

Government is not doing enough to boost the lower income group, maybe they should tax corporates and high income earners more.

This is wrong in the first place.

Firstly, KWSP is a retirement fund, it is never meant to be withdrawn. Don't take other countries as example, it doesn't change the fact that KWSP is still a retirement fund. This move (i-sinar) to allow members to withdraw from account 1 is purely due to political pressure of the fear of budget getting rejected in Parliament as this is one of UMNO's demand. And this has also become a cheap publicity move by Najib as he has been on the social media constantly asking govt to allow EPF withdrawal of 10k one off. If govt allow, he gets the credit. If govt don't allow, he get popularity as someone who speaks for the people.

Secondly, a lot of these people who said "you don't need it, just don't withdraw, not take your money also", "your balance inside got reduce?". I view these people as financial illiterate. Like some of the comments above mentioned, as the KWSP pool of funds are reduced for investment, or worse still I believe this is the case they have to pull out some investments that were maybe targeted for longer term, this will definitely affect every KWSP members, as this will erode the returns on their retirement funds. No affect? My ass.

Thirdly, this is a mistake that cannot be reversed or unwind. People who withdraws for the purpose of funding lifestyle expenses (even if they are out of job doesn't mean they can think properly in financial terms), by the time they realize it at the age of say 40+ or 50, they won't have any chance of regretting or doing anything. You can't single handedly restore 20-30 years of compounded return by doubling your contribution (that is if you have the ability to). Everyone is thinking, oh 20 years later I most likely will be promoted to senior positions and getting a handsome pay, retirement should not be a problem. But i dare say, your colleagues sitting next to you, or the other side of the table, or the far end of the corner is thinking the same. How many senior positions are there? 100 people thinking the same thing but maybe only 5 senior positions is available.

While it is a good thing if it really helps the needy, the ones that are choosing between paying electricity bills or putting food on the table, I think it is only fair for KWSP to penalize those withdraw it from account 1 to have 50% reduced dividend until they have reimbursed the amount that they have withdrawn. This seems cruel but it is more fair for those who choose to ride it out due to their own prudent financial management with savings for rainy days, and this will also encourage those that withdraw to repay their withdrawals as soon as possible.

I share your view, frustration and disappointment. Looking through the Stock Performance Guide some years back (Dynaquest has stopped publishing the hard copy), saw a few companies with EPF as the big holder. Wondered why while the companies were not doing well. Eg Shell Refinery etc. I am no share expert and yet I would not have bought them with a 10 km pole.

Feel that EPF has other added/hidden missions besides helping holders with their retirement funds. Eg political influence to paint a nicer economy front by buying into some of the major but poor performing companies. Yes, they might perform better later and that was their strategy?

Asked that before, some friends said that was because EPF has many fund managers (local and overseas) and they buy and sell independently. They cannot discuss and align their strategy to avoid share manipulation (forgot the right word here). Why not? Say I am a billionaire and I have 10 fund managers, surely I have a say to avoid fund manager A selling while fund manager B buying the SAME shares on the SAME day. A waste of money for the fees etc. etc. And not just once but saw a few occurrences in some companies.

Wake up, stand up and shake up the performance!!! But I guess that is only wishful thinking on my side.

EPF’s Strategic Asset Allocation (SAA) allocates 51% to Fixed Income instruments, 36% to Equities, 10% to Real Estate and Infrastructure and 3% to Money Market instruments as a framework to optimise its long term returns within tolerable risk limits.

No. Share % Holding
1 Malaysia Building Society Bhd 65.39%
2 RHB Bank Bhd 43.00%
3 Malaysian Resources Corp Bhd 35.85%
4 Bermaz Auto Bhd  19.19%
5 Axiata Group Berhad 17.78%
6 Tenaga Nasional Bhd 17.42%
7 Telekom Malaysia Bhd 17.37%
8 Cimb Group Holdings Bhd 16.50%
9 IJM Corp Berhad 16.43%
10 Public Bank Bhd 16.38%
11 Sime Darby Plantation Bhd 16.16%
12 Sunway Real Estate Investment Bhd 15.82%
13 Yinson Holdings Bhd 15.39%
14 Kuala Lumpur Kepong Bhd 15.19%
15 Aeon Co. (M) Bhd 15.02%
16 Digi.Com Berhad 14.74%
17 Malaysia Airport Holdings Bhd 14.68%
18 Gamuda Berhad 14.42%
19 Malayan Banking Bhd 14.08%
20 Panasonic Manufacturing Malaysia Bhd 14.03%
21 IJM Plantations Bhd 13.92%
22 Globetronics Technology Bhd 13.76%
23 Axis Real Estate Investment Bhd 13.76%
24 Alliance Bank Malaysia Berhad 13.52%
25 BIMB Holdings Berhad 13.26%
26 Petronas Gas Bhd 13.08%
27 UMW Holdings Berhad 13.07%
28 IOI Corporation Bhd 13.05%
29 Capitaland Malaysia Mall Trust 12.89%
30 Malakoff Corporation Bhd 12.59%

Thanks.

Dont know whether to be happy or sad to see this list! So dominant in Msian shares. OK if it has no political hands in there.

as long as still profitable and giving good dividends to EPF subsequently to pencarum, so no problem la

This seems to be their equity positions in the respective company? Are the investments ranked according to size also ie the no1 is the largest domestic equity investment for EPF? I don’t think so.

To me this only shows EPFs stake in companies not their actual equity value. I am not sure what to do with this info, besides that I do not think EPF should be the major stakeholder in any company. It is a pension fund not an investment holding company.

Any data on how many % their local equity in Bursa Malaysia is compared to the entire fund?

1 Malayan Banking Bhd 12,862,885,118
2 Public Bank Bhd 11,702,465,128
3 Tenaga Nasional Bhd 10,739,666,686
4 RHB Bank Bhd 8,600,540,696
5 Cimb Group Holdings Bhd 5,929,466,237
6 Sime Darby Plantation Bhd 5,694,415,519
7 Axiata Group Berhad 5,371,810,712
8 Digi.Com Berhad 4,800,888,432
9 Petronas Chemicals 4,796,796,160
10 IHH Healthcare  4,710,449,264
11 Maxis Berhad 4,655,141,280
12 Petronas Gas Bhd 4,435,696,128
13 Hong Leong Bank 4,092,736,698
14 Kuala Lumpur Kepong Bhd 3,802,318,236
15 IOI Corporation Bhd 3,689,119,495
16 Top Glove 3,633,249,969
17 MISC 2,965,991,814
18 Telekom Malaysia Bhd 2,933,862,520
19 Malaysia Building Society Bhd 2,599,796,986
20 Nestlé Malaysia 2,562,103,600
21 Hartalega Hldgs 2,542,689,380
22 Petronas Dagangan 2,279,409,300
23 Dialog Group Berhad 1,902,732,459
24 Sime Darby 1,657,123,718
25 Kossan 1,379,209,800
26 Malaysia Airport Holdings Bhd 1,343,010,634
27 Gamuda Berhad 1,307,798,288
28 Pmetal 1,241,376,230
29 Genting Plantations 965,883,406
30 IJM Corp Berhad 938,235,338

i said epf shd perform much better than me.  so no cigar for a wizard like you and me. i agree with your remark rain or shine, i am more worry what will be classified as rain since the pandora box to withdraw is now open.

For context about global allocations that is similar to EPF:

ETF	%	Type
SPDR Dow Jones Industrial Avrg ETF	42.00%	Equities
Vanguard Total Bond Market ETF	46.00%	Fixed Income Instruments
PIMCO Enhanced Short Maturity Active ETF	7.00%	Money Market Instruments
Vanguard Global ex-US Real Est ETF	5.00%	Real Estate & Infrastructure

2020 Return : 7.34%

ETF	%	Type
SPDR Dow Jones Industrial Avrg ETF	12.00%	Equities
iShares MSCI Malaysia ETF	30.00%	Equities
Vanguard Total Bond Market ETF	46.00%	Fixed Income Instruments
PIMCO Enhanced Short Maturity Active ETF	7.00%	Money Market Instruments
Vanguard Global ex-US Real Est ETF	5.00%	Real Estate & Infrastructure

2020 Return : 5.40%