Effective 1 September 2010, there are 223 unit trust funds approved under the EPF Members Investment Scheme (EPF-MIS). The list of EPF approved funds is updated upon conducting the fund evaluation exercise based on EPF-MIS fund evaluation methodology (FEM).
Under the FEM, funds must meet the set standard criteria, including:-
- At least 3-years track records
- Have investment mandate of not exceeding 30% in overseas assets
- Consistency in return performance among peers/ with benchmark
By using an international research house rating data as input in the assessment and evaluation of funds, the exercise will be conducted once a year.
Funds that underperformed their peers will be suspended, until they are qualified to be reinstated. Suspended funds are not allowed to received new investment under the EPF-MIS, yet investments made by investors prior to the suspension are nevertheless allowed to remain in the funds.
Suspended Funds are loss-making funds?
Not necessary. FEM is just a measure of relative performance, as suspended funds may still generate strong profits, but not as high as their peers.
Please click "EPF approved funds" for the list of 223 funds.