EPF nets RM5.5 billion investment revenue in Q3

KUALA LUMPUR: The Employees Provident Fund (EPF) earned RM5.5 billion investment revenue in the third quarter of this year, up RM696.32 million or 14.51 per cent over RM4.8 billion generated in the previous quarter.On a year-over-year basis, investment income in the third quarter grew by 52.71 per cent from RM3.6 billion in the same quarter last year.

Equities continued to contribute significantly to EPF’s investment income, growing 34.67 per cent to RM2.34 billion in the third quarter this year from RM1.74 billion in the second quarter.

“ The continued rally in the stock market has helped boost EPF investment income for the quarter.

“ Provided market recovery continues with no unforeseen disruptions till year-end, members can expect higher dividend for 2009 than last year,” said EPF CEO Tan Sri Azlan Zainol.

Another major contributor was loans and bonds which saw 4.07 per cent increase to RM1.89 billion from RM1.81 billion in the second quarter, he said.

Azlan attributed the higher returns to the regaining momentum and confidence in Malaysia’s corporate bond market and in line with EPF’s low-risk policy to invest only in high-grade companies with AAA or AA credit ratings.

Investments in the Malaysian Government Securities also recorded RM1.14 billion revenue in the quarter under review, up 2.54 per cent from RM1.11 billion in the second quarter. — Bernama

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