Malaysia’s EPF To Raise FX Investments

Malaysia’s Employees Provident Fund (EPF) is aiming to boost its foreign-currency investments, Business Times reports. The pension fund is also seeking to buy more European and Asian real estate assets.

The system, which currently holds 11% of its assets in non-ringgit currencies, plans to increase it to 20% by 2014. The Malaysian fund is seeking to preserve capital and target returns of about 200 basis points above inflation.

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