EPF in bid to raise property investments

KUALA LUMPUR: The Employees Provident Fund (RPF) will, from time to time, evaluate potential investments in the property sector, its deputy chief executive officer for investment Shahril Ridza Ridzuan said on Tuesday, Nov 23.

Currently, less than 2% of its total accumulated funds were invested in properties, which was well below the fund's strategic asset allocation target of 5% for properties.

"It (the percentage) will grow over time but as for the timeframe it depends on the opportunities that arise," he said on the sidelines of Bursa Malaysia's Business Sustainability Programme here on Tuesday.

The pension fund had recently announced that it will invest £1 billion (RM4.97 billion) in the United Kingdom's property sector. — Bernama