FMI platforms and EPF’S i-invest

PETALING JAYA: The Employees Provident Fund (EPF) has connected five additional platforms from six Fund Management Institutions (FMIS) to i-invest, the fund’s self-service online investment facility.

In a statement, the EPF said the additional platforms will enhance EPF members’ flexibility when conducting Members Investment Scheme (MIS) transactions online, which is a core objective of i-invest.

The platforms are from Affin Hwang Asset Management Bhd, Kenanga Investors Bhd, RHB Asset Management Sdn Bhd (sharing its platform with RHB Islamic International Management Bhd), Hong Leong Asset Management Bhd, and TA Investment Management Bhd.

“There is now a total of 10 FMI platforms directly connected to i-invest, the previous five pilot platforms were from Amanah Saham Nasional Bhd, Eastspring Investments Bhd, Manulife Investment Management Bhd, Principal Asset Management Bhd, and Public Mutual Bhd,” it said.

FMIS without their own platforms offer investment products on i-invest through the two appointed Institutional UTS Advisers (IUTAS), which are IFAST Capital Sdn Bhd and Phillip Mutual Bhd, the fund added.

The EPF said up to April 30, 2020, i-invest, which was launched in August 2019, had recorded approximately 25,000 transactions with an overall value of Rm219.3mil.

“It also offers tools to compare different unit trust funds offered by FMIS, a consolidated view of members’ investment holdings, and information on cost of investment, historical fund performance, as well as required statutory information,” it said.

The EPF has strict guidelines for FMIS to comply with to safeguard the integrity of the MIS and the interest of members. — Bernama