EPF records RM12.16b gross investment income in 1Q 20

EPF chief executive officer Tunku Alizakri Alias said the pandemic had a massive impact on an unprepared world, with lives being forever transformed and economies crashing to unprecedented levels.

KUALA LUMPUR: The Employees Provident Fund (EPF) registered gross investment income of RM12.16bil in the first quarter ended March 31,2020 as its investment assets were impacted by the fallout from the Covid-19 pandemic.

“All asset classes were severely affected, particularly equities which suffered steep declines with the global markets going down as much as 32%, while our local FBM KLCI dropped by 15% as at March 31,2020, ” said its chief EPF officer Tunku Alizakri Alias.