KUALA LUMPUR: The Employees Provident Fund (EPF) is targeting a minimum internal rate of return (IRR) of at least 10% for its investment in infrastructure assets such as toll highways, power plants and ports. The pension fund’s chief executive officer Datuk Shahril Ridza Ridzuan said the EPF was always on the lookout for new assets to acquire, including infrastructure assets. Shahril was speaking to reporters after the launch of the EPF e-Caruman Contribution Payment Transformation Programme initiative. He said the EPF remained confident of achieving its targeted returns despite the prevailing challenges in the local and global markets. It had previously acknowledged that maintaining returns from its fixed-income investments would be a major challenge due to the low interest rate environment.

Source: The Star November 01, 2016 00:03 UTC