Beginning today, EPF will be showing its op 30 equity investments in companies listed on Bursa Malaysia on a quarterly basis.
This action is in conformance with its corporate governance stance, where members could see in which companies their savings were invested.
“Besides, by periodically disclosing its investment performance, it will help to reassure members that investment decisions undertaken are in the best interest of growing their retirement savings and in accordance with best practices in investment and governance,” says EPF.
This is a first step towards enhancing EPF’s transparency and it would review periodically if there was any further information on its investment that could be disclosed without jeopardising its investment strategy.
However, “not everything regarding EPF’s investments could be revealed”.
The investment highlights can be viewed at
www.kwsp.gov.my.
The website includes media releases on quarterly financial performance, a compilation of annual reports, advertorials on annual reports and dividend rates.
As of March 31, the EPF’s top three shareholdings were 67.33% stake in Malaysian Building Society Bhd, 56.14% of RHB Capital Bhd and 41.54% of Malaysian Resources Corp Bhd.
June 09, 2010
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