EPF posts higher returns, will double PE exposure

Malaysia’s Employees Pension Fund posted higher returns last year than in 2014 despite high volatility in its local market and a weakening ringgit, and will expand its alternative asset portfolio including at least doubling its private equity allocation. The dividend (effectively, EPF's returns) for 2015 was 6.4% (4.3% in real terms) and the rolling three-year real dividend 4.05%. The 2014 numbers for real dividend and three-year rolling were 3.59% and 4.11%, respectively.  More…