EPF now lets you buy and sell approved private mandate portfolio and unit trusts without an agent

KUALA LUMPUR: The Employees Provident Fund today said enhancements to its i-invest platform now enables members to buy, sell and switch private mandate portfolios and unit trusts without an agent.

Private mandate portfolios are one of two investment products currently offered under the EPF Members Investment Scheme (MIS).

In contrast to unit trust funds, private mandate portfolios are investment instruments that can be customised to align closely with a member's specific objectives, needs, and risk tolerance, managed professionally by authorised fund management institutions.

The EPF has also included environment, social and government (ESG)-based investment products in the list of approved investments to support Sustainable and Responsible Investment (SRI) products and to mainstream EPF's sustainability agenda.

Initial sales charges for investments into ESG-based investment products conducted through i-Invest are low.

Notable enhancements to the i-Invest platform included:

i. Investment Holdings (i-Invest web and mobile application)

 Each private mandate portfolio being individually named and displayed.

Previously, holdings for private mandate portfolios were grouped into three generic categories: full discretionary portfolios (FD), semi-discretionary portfolios

(SD), and non-discretionary portfolios (ND) ;

ii. Portfolio Information (i-Invest web only)

 In addition to existing information pages for unit trust funds, members can also view pages for private mandate portfolios which include documents such as portfolio factsheets and investment management agreements, detailing all the terms and conditions governing the relationship between members and the authorised FMIs.

iii. ESG Tagging (i-Invest web only)

 ESG (Environmental, Social, and Governance) tags to identify Sustainable and Responsible Investment (SRI) products offered by authorised FMIs.

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