Malaysia EPF Names Saturna Sdn Bhd Best International Equity Fund Manager
May 4, 2020 – Malaysia’s Employees Provident Fund has announced the winners of its 2019 External Fund Managers Awards, selecting Saturna Sdn Bhd for two awards in the FTSE Shariah World Developed Mandate 2019 category: “Best International Equity Fund Manager” overall and “Best 3-Year ROI International Equity Fund Manager.”
“We are honored to receive two 2019 EPF awards as recognition of our dedication to the retirement well-being of Malaysia’s employees. I accept the awards on behalf of the Saturna Sdn Bhd crew, who strive to innovate and continuously improve our asset management performance and create value through Islamic and sustainable investing,” said Ms. Shahariah Shaharudin, president of Saturna Sdn Bhd. “We would also like to congratulate the other 2019 winners on their exemplary performance.”
The EPF External Fund Managers Annual Awards recognizes outstanding performance of asset managers who invest diversified segments of Malaysia’s EPF pool in accordance with specific mandates. The EPF outsources portfolio management to firms based on how well their specialized investment skills and experience match a given allocation mandate and the likelihood of superior risk-adjusted, long-term performance. In 2016, the EPF selected SSB to invest a tranche of the FTSE Shariah World Developed mandate globally in shariah-compliant equities of developed markets.
The winner of the Best International Equity Fund Manager Award is selected on both financial and service criteria. The EPF’s External Fund Manager Department considered SSB’s three-year rolling performance, including return on investment (ROI), time-weighted rate of return, and information ratio, which measured portfolio returns against the FTSE Shariah Developed Index. SSB was also evaluated on standards of compliance, trainings provided, and service quality. As the winner of the “Best 3-Year ROI International Equity Fund Manager” award, SSB earned the highest ROI over the three-year rolling period ended December 31, 2019.
The Annual EPF External Fund Managers Awards Dinner originally scheduled for spring of 2020 was canceled due to the global outbreak of COVID-19.
Malaysia’s EPF, which manages the retirement savings of private sector employees, had 924.75 billion ringgit of assets under management as of year-end 2019.