The Employees Provident Fund’s (EPF) investment income is at RM11.79 billion in the first quarter thanks to significant improvements in the domestic and global markets.<\/p>\n
The quarter, which ended March 2017, revealed that this was a 73.9% jump over the investment income of RM6.78% billion over the same period a year ago.<\/p>\n
Despite the improvement, EPF chief executive officer Shahril Ridza Ridzuan remains cautious moving forward as recovery in commodity prices remains weak with continued currency volatility.<\/p>\n
Equity, which makes up 41.7% of the EPF\u2019s total investment assets, rose 178.6% to contribute RM7.1 billion or 60.2% of its 1QFY17 total investment income, from RM2.55 billion a year ago, The Edge reported.<\/p>\n
The Q1 2017 report also stated that recovery in the banking sector resulted in a 30% contribution to the trading and dividend income of the portfolio.<\/p>\n
As at March 2017, EPF had invested 49.08% in fixed-income instruments that recorded an income of RM4.07 billion, equivalent to 34.6% of its quarterly investment income.<\/p>\n
Income from Malaysian government securities and equivalent in the first quarter of 2017 increased by 3.67%, or RM68.56 million, to RM1.94 billion from RM1.87 billion the previous year.<\/p>\n