KUALA LUMPUR: The Employees Provident Fund (EPF) posted RM6.75bil in investment income in the second quarter of this year, a year-on-year growth of 24.42% or RM1.32bil compared with the same quarter last year.
The top performing asset classes were equities, loans, bonds and government securities from continued and steady economic growth.
“Most sectors from our equity investments fared considerably well, reporting healthy earnings and dividends.
“Profit-taking from some investments also added to our performance,” EPF chief executive officer Tan Sri Azlan Zainol said in a statement here.
Taking the lead was equities, which registered RM3.27bil in investment income during the quarter under review, reflecting a 47.89% growth, compared with RM2.21bil in the same quarter last year.
Loans and bonds, the second largest contributor to the fund's investment income, saw a return of RM1.87bil and reflecting an increase of RM191.7mil or an 11.43% increase over the same period last year.
Malaysian Government securities generated an income of RM1.39bil, up RM69.72mil or 5.29%, compared with the second quarter of last year.
Returns from money market instruments registered RM192.41mil, a marginal contraction of 1.04% over the previous year's corresponding quarter.
Meanwhile, investments income from properties recorded RM28.5mil, a growth of RM5.74mil or 25.22% over the same quarter in the previous year.
Azlan said the EPF would strive to improve the value of its funds and was prepared to address challenges and seize opportunities that come through.
“We will continue to be cautious and vigilant in our investments by maintaining a prudent and low-risk investment approach,” he added.
As at June 30 this year, the EPF's total investment fund stood at RM462.54bil. - Bernama