KUALA LUMPUR: The Employees Provident Fund’s (EPF) total investment income tumbled 21%, or RM7.06bil to RM27bil in the first half to June 30, 2022 (1H22) from RM34.06bil in the corresponding period in 2021.
In a statement, the retirement fund said the lower investment income was due to the market reaction to the elevated risk of both slower global growth and high inflation, not experienced by major economies since the 1970s.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
