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19-06-2013, 01:00 AM
An honorable member of the Coffee Shop Has Just Posted the Following:
Malaysia EPF target return is 2% above inflation rate. Our 2.5% is how many percent below - not above - inflation rate??
EPF eyeing 40 mid-cap stocks
By Zaidi Isham IsmailPublished: 2013/06/18
THE Employees Provident Fund (EPF), the world’s sixth largest
provident fund, is looking to invest in some 40 mid-cap companies to continue providing good returns to its six million active contributors.
EPF chief executive officer Datuk Shahril Ridza Ridzuan said there are some 200 midcap companies on Bursa Malaysia.
“We are already investing in a lot of middlesized companies and we will definitely support companies that fulfil our investment criteria, which are having ample liquidity in the stock market, can generate cash flow and dividends and having good corporate governance.
“We are looking at those sectors that are robust and not so dependent on economic cycles, as we want to maintain our record of bringing stable returns to the depositors.
“Our target has always been to provide real return, which is inflation plus two per cent,” Shahril said here yesterday.
He had earlier accompanied Deputy Finance Minister Datuk Ahmad Maslan on the latter’s visit to the EPF headquarters here.
Shahril was commenting on Prime Minister Datuk Seri Najib Razak’s call last Thursday for government-linked investment companies, especially EPF, to play a more prominent role
and increase market vibrancy by investing in good quality mid-cap stocks.
Speaking at Invest Malaysia 2013, Najib said Malaysia possesses a collective savings pool in excess of RM1 trillion and the fund management industry, including public sector funds, is a great mobiliser of capital.
Mid-cap stocks are companies with medium-market capitalisation listed on Bursa Malaysia with revenues in the tens of millions
of ringgit.
Shahril said EPF is already investing 20 per cent of its funds in mid-cap stocks and plans to increase it to 30 per cent.
He declined to name the companies and the sectors, but healthcare and industrial are some of the highest growing sectors at the moment.
The EPF owns and manages assets worth more than RM556 billion, of which 60 per cent are invested in fixed income (government bonds), share market (16 per cent), property (two per cent) and others.
Meanwhile, Shahril said the EPF expects 80,000 employers to register with its newly launched online application, e-Caruman, by year-end.
"We have just launched e-Caruman. We intend to wrap up the numbers as we undertake more promotions.
"Our target is smaller and mid-scale employers," he said.
Shahril said many employers still resort to manual submission and there were many errors that resulted in the money not credited into the right accounts immediately.
"We have been spending a lot of time and money correcting the errors. By going online, it will be easier for us to detect the errors in the forms submitted to us and the employers can correct them," he added.
Read more: EPF eyeing 40 mid-cap stocks http://www.btimes.com.my/Current_New...#ixzz2WaOTX7dt (http://www.btimes.com.my/Current_News/BTIMES/articles/20130618001130/Article/#ixzz2WaOTX7dt)
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?154814-CPF-job-is-easy-no-need-to-provide-real-return-above-inflation-rate&goto=newpost).
Malaysia EPF target return is 2% above inflation rate. Our 2.5% is how many percent below - not above - inflation rate??
EPF eyeing 40 mid-cap stocks
By Zaidi Isham IsmailPublished: 2013/06/18
THE Employees Provident Fund (EPF), the world’s sixth largest
provident fund, is looking to invest in some 40 mid-cap companies to continue providing good returns to its six million active contributors.
EPF chief executive officer Datuk Shahril Ridza Ridzuan said there are some 200 midcap companies on Bursa Malaysia.
“We are already investing in a lot of middlesized companies and we will definitely support companies that fulfil our investment criteria, which are having ample liquidity in the stock market, can generate cash flow and dividends and having good corporate governance.
“We are looking at those sectors that are robust and not so dependent on economic cycles, as we want to maintain our record of bringing stable returns to the depositors.
“Our target has always been to provide real return, which is inflation plus two per cent,” Shahril said here yesterday.
He had earlier accompanied Deputy Finance Minister Datuk Ahmad Maslan on the latter’s visit to the EPF headquarters here.
Shahril was commenting on Prime Minister Datuk Seri Najib Razak’s call last Thursday for government-linked investment companies, especially EPF, to play a more prominent role
and increase market vibrancy by investing in good quality mid-cap stocks.
Speaking at Invest Malaysia 2013, Najib said Malaysia possesses a collective savings pool in excess of RM1 trillion and the fund management industry, including public sector funds, is a great mobiliser of capital.
Mid-cap stocks are companies with medium-market capitalisation listed on Bursa Malaysia with revenues in the tens of millions
of ringgit.
Shahril said EPF is already investing 20 per cent of its funds in mid-cap stocks and plans to increase it to 30 per cent.
He declined to name the companies and the sectors, but healthcare and industrial are some of the highest growing sectors at the moment.
The EPF owns and manages assets worth more than RM556 billion, of which 60 per cent are invested in fixed income (government bonds), share market (16 per cent), property (two per cent) and others.
Meanwhile, Shahril said the EPF expects 80,000 employers to register with its newly launched online application, e-Caruman, by year-end.
"We have just launched e-Caruman. We intend to wrap up the numbers as we undertake more promotions.
"Our target is smaller and mid-scale employers," he said.
Shahril said many employers still resort to manual submission and there were many errors that resulted in the money not credited into the right accounts immediately.
"We have been spending a lot of time and money correcting the errors. By going online, it will be easier for us to detect the errors in the forms submitted to us and the employers can correct them," he added.
Read more: EPF eyeing 40 mid-cap stocks http://www.btimes.com.my/Current_New...#ixzz2WaOTX7dt (http://www.btimes.com.my/Current_News/BTIMES/articles/20130618001130/Article/#ixzz2WaOTX7dt)
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?154814-CPF-job-is-easy-no-need-to-provide-real-return-above-inflation-rate&goto=newpost).