KUALA LUMPUR, Jan 11 ― Total gross investment income of the Employees Provident Fund grew 7.7 per cent year-on-year to RM48.02 billion for the nine months ended September 30, 2021 from RM44.60 billion in 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,” he said. “Cumulatively, RM0.35 billion was written down for listed equities, down from the RM6.46 billion for the same period in 2020 on the back of continued recovery in the global equity market, resulting in net investment income of RM47.67 billion for 9M 2021, compared to RM38.14 billion for 9M 2020,” it said.
In addition, EPF’s real estate and infrastructure, as well as money market instruments, contributed RM1.18 billion and RM0.29 billion, respectively. The provident fund noted that 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.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: theSundaily - 🏆 25. / 51 Read more »