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EPF sees 39.75% surge in investment income to RM33.19bil

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EPF sees 39.75% surge in investment income to RM33.19bil FMTNews FMTBusiness

Good performance in global equities markets is among the factors that helped the EPF return a higher investment income.

Furthermore, revenue from equity investments remained the primary driver, contributing RM9.60 billion to the overall income in Q2 2023.The EPF said a significant portion of the improvement stemmed from the timely and strategic capitalisation on profits, supported by MTM gains in securities. The US market, especially, exhibited remarkable resilience even in the face of increasing interest rates, he said.

 

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EPF records total investment income of RM33b in 1H2023This is compared to RM24b recorded in the same period in 2022.
Source: malaysiakini - 🏆 20. / 51 Read more »