KUALA LUMPUR: The Employees Provident Fund's (EPF) exposure in Japan is less than 1% of its total investment asset, its chief executive officer Tan Sri Azlan Zainol said.
'With regard to our investments in Japan, the EPF only invests in blue chip companies such as Toyota, Panasonic and other big names,' he said on Friday, March 18.
Azlan said while markets across the globe would be affected to a certain extent by the tragedy in Japan 'but we believe that it will only be temporary'.
The EPF's total investment assets totalled RM440.52 billion as at Dec 31, 2010.
The EPF had on Feb 20, 2011 declares the highest dividend payout amount ever of RM21.61 billion to members, an increase of 11.55% over the 2009 dividend payout of RM19.37 billion. This amount translates into a dividend rate of 5.80% for the financial year ended 31 December 2010.
The dividend rate, which is 15 basis points above the 5.65% paid out for the year 2009, had underscored an impressive year in which gross investment income reached a historical high of RM24.06 billion, reflecting a 39.76% cent increase over the RM17.22 billion gross investment income recorded in 2009.
'With regard to our investments in Japan, the EPF only invests in blue chip companies such as Toyota, Panasonic and other big names,' he said on Friday, March 18.
Azlan said while markets across the globe would be affected to a certain extent by the tragedy in Japan 'but we believe that it will only be temporary'.
The EPF's total investment assets totalled RM440.52 billion as at Dec 31, 2010.
The EPF had on Feb 20, 2011 declares the highest dividend payout amount ever of RM21.61 billion to members, an increase of 11.55% over the 2009 dividend payout of RM19.37 billion. This amount translates into a dividend rate of 5.80% for the financial year ended 31 December 2010.
The dividend rate, which is 15 basis points above the 5.65% paid out for the year 2009, had underscored an impressive year in which gross investment income reached a historical high of RM24.06 billion, reflecting a 39.76% cent increase over the RM17.22 billion gross investment income recorded in 2009.
No comments:
Post a Comment