Foreign stocks lift EPF earnings

In 1Q24, EPF’s income from equities increased to RM13.15bil, compared with RM8.69bil in the previous year’s corresponding quarter.

PETALING JAYA: Outperforming overseas investments, mainly foreign stocks, remained the biggest contributor to the Employees Provident Fund (EPF) as it generated RM9.88bil in income for the first quarter of 2024 (1Q24).

Despite accounting for only 38% of EPF’s overall investment assets of RM1.19 trillion, the overseas investments delivered 51% of the provident fund’s total distribution income in 1Q24.