EPF says equities contributed RM7.29 billion or 42% to the total gross investment income in the third quarter.
Real estate and infrastructure as well as money market instruments contributed RM1.63 billion and RM230 million respectively, while net investment income came in at RM16.87 billion. The global equity indices that the EPF tracks closely have rebounded from their lowest in March, but many have yet to recover to pre-pandemic levels seen at the end of 2019.
As of end-September, the fund’s investment assets stood at RM941.77 billion, out of which 68% was allocated to the domestic market while 32% was allocated to overseas markets, which contributed 45% to the gross investment income in Q3.Money market instruments and real estate and infrastructure made up 7% and 5% cent respectively of investments.
“Even as economies around the world struggle to recover from lockdowns, the rise in infections will be a serious impediment to any global economic recovery to pre-pandemic levels.