EPF records RM48.02b gross investment income for 9M 2021

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EPF records RM48.02b gross investment income for 9M 2021 theSun theSundaily savings investment EPF KWSP Malaysian

: The Employees Provident Fund recorded RM48.02 billion total gross investment income for the nine months ended Sept 30, 2021 , an increase of 7.7% or RM3.42 billion, compared with RM44.60 billion recorded for the same period in 2020.

“On the other hand, the continued recovery of equities in the developed economies amidst the heightened volatility has provided EPF the opportunity to capitalise additional gains.” After taking into account the cost write-down, RM13.86 billion of net investment income was recorded for Q3 2021. Amir Hamzah commented that “continued inflationary pressure and aggressive shifts from central banks had led yields to increase during the quarter amid increased expectations for monetary policy tightening. The environment of increasing bond yields has not just impacted bond markets, but created unease in equities as well”.

A total of RM1.40 billion out of the RM13.97 billion gross investment income was generated for Simpanan Shariah, and RM12.57 billion for Simpanan Konvensional. Simpanan Shariah derives its income solely from its portion of the Shariah portfolio while income for Simpanan Konvensional is generated by a share of both the Shariah and conventional portfolios.

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