EPF in for favourable returns on better sentiment

Rakuten's Lau said the EPF’s performance this year is expected to be satisfactory, if not on par with expectations.

KUALA LUMPUR: The Employees Provident Fund (EPF) is positioned for favourable returns this year as improving global market sentiment gains momentum and with the resolution of political uncertainties locally.

For the first half-year ended June 30, 2023 (1H23), the fund recorded total investment income of RM33.19bil, an increase of RM9.44bil from RM23.75bil recorded in the same period in 2022.