Finance Ministry has approved EPF (Employee Provident Fund) to invest another US$2 billion in equities overseas.
The total fund approved so far for investment in foreign equities amounts to US$6 billion (RM18.7 billion). EPF is managing RM319.3 billion as at the end of January 2008. This means 5.8% of EPF are allocated for foreign equities investment.
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At the point of writing this, members who withdraw EPF account 1 for unit trust investment are only offered 100% local unit trust funds which solely invest locally.
