KUALA LUMPUR: The Employees Provident Fund (EPF) recorded total investment income of RM15.85 billion for the first quarter ended March 31, 2022 (Q1 2022), lower than the RM19.29 billion recorded in the corresponding quarter in 2021, dragged by a significant decline in worldwide markets.
EPF chief executive officer Datuk Seri Amir Hamzah Azizan said the fund had a strong start in the earliest part of the first quarter, but the situation took a turn as global markets suffered a decline, causing lower returns in bonds and equities throughout the remaining quarter.
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