The Employees Provident Fund says vaccination rollouts, as well as supportive fiscal and monetary policies, will speed up economic activities and growth.
Income from real estate and infrastructure, as well as money market instruments, contributed RM0.71 billion and RM0.38 billion, respectively. “We believe that the vaccination rollouts, as well as supportive fiscal and monetary policies worldwide will play a key role in facilitating economic activities and growth,” he said in a statement today.
During Q1, EPF’s overseas investments generated an income of RM11.15 billion, or 58%, of the total gross investment income recorded, mainly driven by foreign equities.Money market instruments and real estate and infrastructure made up 4% and 6%, respectively, of investments.
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