EPF Q2 investment up more than a third to RM11.51b

KUALA LUMPUR: The Employees Provident Fund (EPF) reported its quarterly income increased more than one-third to RM11.51bil in the second quarter ended June 30, 2017 from a year ago due to better performance of the equities market.

The retirement fund announced on Friday the Q2 investment income was up 36.36% from RM8.44bil a year ago.

EPF chief executive officer  Datuk Shahril Ridza Ridzuan said: “Market conditions have improved from a year ago and all asset classes in our portfolio have recorded healthy year-on-year growth, with equities continuing as the main profit driver for the quarter under review.” 

In accordance with Malaysian Financial Reporting Standards (MFRS 139), the EPF recorded lower net impairment of RM1.34bil in Q2, up RM2.28bil or 62.98% from RM3.63bil in line with the better performance of the equities market. 

“From the RM11.51bil investment income recorded, fixed income instruments contributed 37.29%, equities contributed 53.72%, while real estate & infrastructure and money market instruments contributed 6.23% and 2.64% respectively,” he said.