EPF records gross investment income of RM15.12b in 2Q

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KUALA LUMPUR: The Employees Provident Fund (EPF) recorded a gross investment income of RM15.12bil in the second quarter ended 30 June 2020

In a statement issued on Saturday, it said equities, which contributed 54% to total gross income, registered RM8.11bil.

However, net investment income declined to RM13.46bil after the cost write-down on listed equities, which the EPF described as prudent practice to ensure its long-term investment portfolio remains healthy. “The EPF’s Strategic Asset Allocation framework, that guides us in how we structure our investments and portfolio, served us well during the tumultuous first half of the year. For example, our exposure in fixed Income instruments enabled us to ride out the initial slump at the beginning of the quarter.

He said the EPF’s overseas diversification strategy guided by the SAA has helped add value to its overall performance. Fixed income also contributed higher gains due to the low yield environment, which provided more opportunity for the fund to realise its gains.

 

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