KUALA LUMPUR: The Employees Provident Fund (EPF) says it will scrutinise foreign investment opportunities that fit its risk and return profile.
In a statement today, the retirement savings fund said the move was in line with its long-term overseas diversification programme.
EPF was responding to Prime Minister Datuk Seri Najib Razak’s announcement during his recent visit to the US that the fund was looking at investing further in the world's biggest economy.
He said EPF had invested about US$7 billion in the US and planned to spend another US$3 billion to US$4 billion on infrastructure development there.
EPF said the US is one of the key markets within its investment universe.
“As a retirement fund, the EPF ensures that every investment proposal goes through a stringent risk assessment and robust due diligence process to protect the interests of its 14 million members,” it said.
As at first quarter of 2017, EPF's overseas investment accounted for 29 per cent of its total investment asset, contributing 37 per cent to the total investment income.