News Formal

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

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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 »

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 »