PETALING JAYA: The Employees Provident Fund reported an investment income of RM57.57bil for the nine months ended Sept 30, 2024 , marking a 20% increase from RM47.86bil in the same period in 2023.
“Investor sentiment remains positive, bolstered by the performance of Malaysian companies, economic policies and fiscal reforms. “Nonetheless, risks remain in the global outlook such as the trajectory and pace of interest rate reductions, persistent and escalating geopolitical tensions particularly in the Middle East, and potential higher import tariffs into the United States with the election of Donald Trump last week,” he added.
This asset class, comprising Malaysian Government Securities and equivalents, as well as loans and bonds, contributed 33% or RM6.51bil, to EPF’s total investment income for 3Q24. The EPF’s investments in real estate and infrastructure have a longer-term horizon where currency movements have less impact on overall actual returns.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: staronline - 🏆 4. / 75 Read more »