EPF targets overseas equities, real estate

Malaysia’s Employees Provident Fund (EPF) has announced plans to ramp up its overseas exposure to almost a fifth of total investments by the end of this year. As at March 31, overseas assets accounted for just under 14% of its RM488.5 billion ($154 billion) in AUM, or $21.5 billion. That was boosted in the first quarter of this year by $1.2 billion of investments into global equities and real estate. Equities now make up 35% of EPF's portfolio and has increased 8% in absolute te…