EPF records RM12.32bil gross investment income in Q3 on stabilising market conditions

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This was 11% higher over the immediate preceding quarter's gross investment income of RM11.14bil.

For the third quarter of 2022, the retirement fund said total gross investment income came to RM12.32bil, which was 11% higher over the immediate preceding quarter's gross investment income of RM11.14bil, although it remained 12% lower compared with RM13.97bil in the same quarter in 2021.

"However, notwithstanding these challenges, the EPF’s disciplined investment approach, guided by its robust Strategic Asset Allocation and active portfolio management, helped to cushion the impact and allowed the EPF to deliver a steady performance driven by the strong rebound in the domestic market," said EPF CEO Datuk Seri Amir Hamzah Azizan in a statement.

“Though the uncertainty revolving around international markets continues to be a strong concern, we are taking a ‘cautiously optimistic’ stance as we are not ignoring indicators that may suggest improvement in the macroeconomic outlook such as the possible peak in global inflation and the Fed’s hints that interest rate increases will begin to slow in the coming months," he added.

Fixed income instruments comprising Malaysian Government Securities and equivalents as well as loans and bonds, contributed 39% or RM4.77bil to the gross investment income during the quarter.

 

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EPF records RM39.31 bln gross investment income for 9m 2022The total gross investment income achieved in Q3 2022 was 11% higher compared to the RM11.14 billion recorded in Q2 2022 theSun theSundaily EPF Investment Malaysia business
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