Home English EPF Records Quarterly Investment Income of RM 8.44 billion

EPF Records Quarterly Investment Income of RM 8.44 billion

The Employees Provident Fund, EPF recorded a quarterly investment income of RM 8.44 billion for the second quarter ended June 30th 2016.

Year-on-year, it declined 26.04 percent from RM 11.41 billion in the same period, recorded last year.

Investment assets went up 0.76 percent or RM 5.17 billion to RM 689.69 billion.

According to EPF CEO, Datuk Shahril Ridza Ridzuan, since late last year, the EPF has been preparing itself for a challenging global and domestic environment.

He said the uncertainty was made worse by developments such as Brexit and continued low commodity prices.

Equities, in the period under review, made up 40.94 percent of the fund’s total investment assets, contributed RM 3.83 billion, 45.03 percent lower from RM 6.97 billion recorded in the same period last year.

As of June 2016, EPF’s fixed income instruments recorded an investment income of RM 4.07 billion.

Going forward, EPF remains cautious in its outlook as it anticipates global uncertainties to continue following the lowered forecasts on 2016 and 2017 global growth by the International Monetary Fund, IMF.