EPF Q1 investment income lower at RM15.85b

: The Employees Provident Fund recorded total investment income of RM15.85 billion for the first quarter ended March 31, 2022 , 17.8% lower than the RM19.29 billion recorded in the corresponding quarter in 2021, driven by a significant decline in worldwide markets.

Although earnings generation from equities, which continued to be EPF’s main income contributor, was impacted by the market slowdown, Amir Hamzah said the EPF managed to leverage on its portfolio position to capitalise on additional gains. Fixed income instruments, comprising Malaysian Government Securities and equivalent, as well as loans and bonds, contributed a steady income of RM4.75 billion, or 30% to the gross investment income. The income recorded was higher compared to RM3.89 billion generated in Q1’21, largely due to higher market yield in Q1’22, compared to the same period last year.

A total of RM1.88 billion out of the RM15.85 billion gross investment income was generated for Simpanan Shariah, and RM13.97 billion for Simpanan Konvensional. Simpanan Shariah derives its income solely from its portion of the syariah portfolio while income for Simpanan Konvensional is generated by a share of both the syariah and conventional portfolios.

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