The Employees Provident Fund said all of its investments go through stringent assessment after Prime Minister Najib Abdul Razak's announced that the fund will invest between US$3 billion to US$4 billion in US infrastructure projects.
"As a retirement fund, the EPF ensures that every investment proposal goes through a stringent risk assessment and robust due diligence process to protect the interest of its 14 million members," it said in a statement today.
The EPF said it scrutinises foreign investment opportunities that fit its risk and return profile as a retirement savings fund, in line with its long term overseas diversification programme.
"The US is one of the key markets with the EPF's investment universe, given its size and depth," it said.
It added as of the first quarter of 2017, the EPF's overseas investments accounted for 29 percent of its total investment but contributed 37 percent of the fund's total investment income.
Earlier today, Najib met with US president Donald Trump where he declared Malaysia's intention to help strengthen the US economy.
Apart from announcing the EPF investments, Najib said Malaysia Airlines also planned to purchase between 33 to 58 aircraft from Boeing.
He added that Khazanah Nasional Berhad will also increase its investments in high tech companies in the US. - Mkini
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