EPF deputy chief executive officer (investment) Datuk Mohamad Nasir Ab Latif puts the lower earnings mainly down to the weak performance of the Malaysian stock market (-1.1% in Q2 2019 compared to the same period last year), which resulted in the EPF’s domestic equity portfolio recording an income of RM1.51bil.
KUALA LUMPUR: The Employees Provident Fund Board (EPF) recorded lower investment income of RM12.32bil in the second quarter ended June 30,2019 due to the weaker equities market sentiment.
It said in a statement on Friday, the income was down by RM70mil from the RM12.39bil a year ago and cautioned market conditions for the rest of the year will continue to be extremely challenging and volatile.
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