Previously we looked at world’s largest sovereign fund & world’s largest pension funds where Malaysian funds position quite well in the ranking. The different between sovereign and non-sovereign funds are the fund ownership. Sovereign fund is state or government owned. So, this raking is quite similar to world’s largest pension funds but without private funds such as General Motors pension funds.
As of early 2009, EPF is at number 6 among the world’s largest pension funds with $98.8 billion in assets up from number 8 with $94.4 billion in assets previous year.
The table below shows top 22 world’s largest sovereign pension funds.
Previously we looked at world’s largest sovereign funds where Malaysian largest sovereign funds, Khazanah Nasional Berhad at position 22. Today, we going to look at world’s largest pension funds. Malaysia currently have two pension funds namely Employees Provident Funds (EPF) and Kumpulan Wang Persaraan (KWAP).
As of early 2009, EPF is at number 18 among the world’s largest pension funds with $98.8 billion in assets while KWAP is at number 160 with $16 billion in assets. EPF was at position 23 with $94.4 billion in assets previous year.
The table below shows top 25 world’s largest pension funds. It cover both sovereign and private pension funds.
Foreign exchange reserves are the foreign currency deposits that held by central banks and monetary authorities. In Malaysia it is also known as International Reserves. It comprices of Foreign Currency, IMF Reserve Position, SDRs, Gold and Other Reserve Assets.
As of 29th January 2010, International Reserves for Malaysia is at USD97 billion (MYR332.2) and Malaysia is at 16th position when compare with other nation. International Reserves data are released by Bank Negara Malaysia twice a month.
Below are the chart for Malaysian International Reserves since end of 1999. The chart will be updated regularly. You may bookmark this page instead of this post for easy access.
Permodalan Nasional Berhad (PNB) through Amanah Saham Nasional Berhad, launched Amanah Saham Nasional 2 (ASN2) fund on the 9th of June 1999. The fund objective is to provide Unitholders with a reasonable dividend yield as well as capital appreciation at an acceptable level of risk through investments made in Malaysian equity securities.
ASN2 is a equity growth fund with unit price is based on Net Assets Value (NAV). On top of the declared dividend, there will be a potential of profits (or losses) due to movement of NAV. The allocated fund size is 2.5 billion units and it is open to all Malaysian Bumiputera. It is also eligible for EPF withdrawal.
The table below is the historical dividend rate since the fund was launched in 1999. However, the first dividend payment is made in 2000. This table is no longer maintained, for the latest dividend rate kindly refer to this page [continue reading…]
Sovereign Wealth Fund (SWF) is a state-owned investment fund composed of financial assets such as stocks, bonds, real estate, precious metals, or other financial instruments.
The funds assets are coming from balance of payments surpluses, official foreign currency operations, the proceeds of privatizations, fiscal surpluses, and from commodity exports.
Foreign currency reserve assets held by monetary authorities, state-owned enterprises, government-employee pension funds, and assets managed for the benefit of individuals are not categorized as a sovereign wealth fund.
The objective of sovereign wealth fund are to