KUALA LUMPUR, March 2 — The Employees Provident Fund intends to increase investment in various domestic asset classes in 2022 in line with the reopening of economies and businesses in the country.
Amir Hamzah said the EPF’s internal data posited that the labour market was nursing back to health, with contribution data, member registrations, and active employers all returning to pre-pandemic levels in the fourth quarter of 2021. “Equities, particularly foreign listed equities, which recorded a return on investment of 10.44 per cent, continued to be the driver of returns. Total income contributed by the equity asset class was RM38.93 billion, or 58 per cent, of the EPF’s total gross income.
Meanwhile, Amir Hamzah said the EPF’s overseas assets were critical contributors to the overall performance, where different asset classes, markets, and currencies provided income stability and added value to the retirement fund’s overall return.