EPF recorded RM46.56 bln investment income in 2016

KUALA LUMPUR: The Employees Provident Fund ended 2016 with RM46.56 billion in total gross investment income, up  from RM44.23 billion, it recorded the previous year amid a low global growth and lacklustre corporate earnings.

Chief executive officer Datuk Shahril Ridza Ridzuan said the slump in crude oil prices, a weak domestic currency, lacklustre corporate earnings and large-scale withdrawal of capital from emerging market economies to developed economies and safe-safe haven currencies also impacted the fund.

EPF  announced a dividend of 5.70 per cent for 2016 versus 6.40 per cent in 2015.

The fund, which released its Annual Report 2016 yesterday, recorded a 2.68 per cent rise in annual contributions to RM61.59 billion against total annual amount withdrawn of RM46.80 billion. This resulted in a net inflow of RM14.79 billion.

The annual report, themed “Achieving a Better Future”, was tabled in Parliament on April 5, 2017 and revealed a 6.81 per cent increase in total investment assets to RM731.11 billion from RM684.53 billion in 2015. — Bernama

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