Previously, we looked at 2011 top 300 world’s largest pensions fund where Malaysian funds, namely Employees Provident Fund at position number 9. The different between sovereign and non-sovereign funds are the fund ownership.
Sovereign fund is established by national authorities for the meeting of pension liabilities. So, this raking is quite similar to world’s largest pension funds but without private funds such as General Motors pension funds.
EPF move 1 rank up from 6th spot in 2010 to 5th spot in 2011 with total assets grew from $109 billion to $146 billion. EPF even overtaking Singapore’s fund, Central Provident Fund
The table below shows top 26 world’s largest sovereign pension funds.
| Rank | Fund | Country | Total Assets ($mill) |
|---|---|---|---|
| 1 | Government Pension Investment Fund | Japan | 1,432,122 |
| 2 | Government Pension Fund – Global | Norway | 550,858 |
| 3 | National Pension Corporation | Korea | 289,418 |
| 4 | Canada Pension Plan | Canada | 149,142 |
| 5 | Employees Provident Fund | Malaysia | 145,570 |
| 6 | Central Provident Fund | Singapore | 144,844 |
| 7 | National Social Security Fund | China | 129,789 |
| 8 | Government Employees (GEPF) | South Africa | 128,232 |
| 9 | National Wealth Fund | Russia | 88,278 |
| 10 | Fondo de Reserva de la Seguridad Social | Spain | 86,042 |
| 11 | The Future Fund | Australia | 73,420 |
| 12 | Employees’ Provident Fund | India | 60,078 |
| 13 | Fonds de Réserve pour les retraites (FRR) | France | 49,454 |
| 14 | Public Institute for Social Security | Kuwait | 46,851 |
| 15 | Labor Pension Fund | Taiwan | 41,475 |
| 16 | AP Fonden 3 | Sweden | 34,573 |
| 17 | AP Fonden 2 | Sweden | 32,448 |
| 18 | AP Fonden 1 | Sweden | 32,409 |
| 19 | AP Fonden 4 | Sweden | 31,316 |
| 20 | National Pensions Reserve Fund | Ireland | 31,009 |
| 21 | Zilverfond / Fonds de Vieillissement | Belgium | 23,561 |
| 22 | The State Pension Fund | Finland | 18,628 |
| 23 | AP Fonden 7 | Sweden | 15,031 |
| 24 | FEFSS | Portugal | 12,882 |
| 25 | Fonds de Comp. de la Securite Sociale | Luxembourg | 11,613 |
| 26 | The New Zealand Superannuation Fund | New Zealand | 10,553 |
Of course ours logically should be bigger than Singopore’s..
Our work force more than 5x than them, with almost the same policy of contribution there is nothing to be suprised..isnt it?
Unless there is ratios against GDP etc..
What is the based currency? Based on the respective country?
ChampDog, the based currency is US dollar ($).
The most important things to fund management is the Risk Adjusted Return. that means whether our EPF can return the optimum return in term of the level of risk of investment EPF invested. These few years EPF have returned us some good investment return. I hope they can continue to these performance.