EPF reports lower income in Q2 due to weaker market sentiment

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.