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ALTERNATIVES

Malaysia’s Employees Provident Fund continues push to more external management

Kuala Lumpur's iconic Petronas Towers

Malaysia's 731 billion ringgit ($163 billion) Employees Provident Fund, Kuala Lampur, announced Friday that 108 billion ringgit of its portfolio was outsourced to external managers — domestic and overseas — at the end of 2016, up 10.4% from its outsourced assets the year before.

Those outsourced assets amounted to 14.8% of the fund's total assets, up from 14.3% the year before.

Samsudin Osman, the fund's chairman, said in a news release that as the EPF gears up to become a trillion-ringgit fund, “we will continue to increase our exposure in the markets we are investing in, especially in alternative investments and infrastructure.”