EPF’S Q2 TOTAL INVESTMENT INCOME ROSE 7.64% TO RM12.39 BILLION – Channel W

EPF’S Q2 TOTAL INVESTMENT INCOME ROSE 7.64% TO RM12.39 BILLION

The Employees Provident Fund’s – EPF total investment income for the second quarter ended June 30, 2018 rose 7.64 per cent to RM12.39 bilion from the RM11.51 billion recorded in the same period last year.

Deputy Chief Executive Officer ( Investment) Datuk Mohamad Nasir Ab Latif, said the person fund’s diversification into different markets and sectors enabled it to record a consistent performance, with equities emerging as the main contributor in the second quarter, despite a less favourable trading environment in the domestic market.

He said the escalating United State-China trade tensions and US interest rate hike contributed to capital outflows from emerging markets, including Malaysia.

He said, while some developed markets, including the US and Eurozone countries, recorded gains in their equity markets, the emerging markets, which includes Asia, recorded negative returns.

Mohamad Nasir also said equities made up 40.61 per cent of the EPF’s total investment assets in the second quarter, contributing RM7.98 billion and representing 64.44 per cent of total investment income for the period.

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