KUALA LUMPUR: The Employees Provident Fund's (EPF) investment income rose 19.7% on-year to RM6.53 billion in January-March quarter of 2011, boosted by its investments in equities.
Bernama quoted the EPF statement on Thursday, June 17 the improved performance was mainly due tp the stronger performance of the equities market, underpinned by stronger corporate earnings and resilient economic fundamentals.
The EPF reported that in the first quarter, investment in equities contributed RM3.23 billion or 49.4% EPF's total investment income. This was a 20.24% increase from RM2.69 billion a year ago.
EPF Chief Executive Officer Tan Sri Azlan Zainol said: "Equity prices were further boosted by strong performance across all key sectors, primarily benefiting from higher global commodity prices, while CONSTRUCTION []-related stocks strengthened with the announcement of several major projects under the government's Economic Transformation Programme.
"The favourable trade volume had also facilitated the EPF to capitalise on profit taking."
Loans and bonds accounted for the second largest contributor to the EPF's investment income, with a return of RM1.77 billion in the first quarter. This represented an increase of 32.66 per cent from RM1.34 billion in the same period 2010.
Malaysian government securities, meanwhile, generated an income of RM1.35 billion, up RM71.54 million.
Returns from money market instruments also recorded double-digit growth, increasing 14.61% to RM153.09 million from RM133.58 million in the first quarter of 2010.
Investment income from PROPERTIES [] grew by 29.76% to RM28.12 million from RM21.67 million during the same quarter last year.
As at March 31, 2011, the EPF's total investment fund stood at RM450.26 billion.
Of the total, equities were allocated 35.55%, loans and bonds 32.32%, Malaysian government securities 27.79%, money market instruments 3.9% and properties 0.41%.
"With the global economy expected to experience uneven economic recovery and more moderate growth for the remainder of the year, the EPF will continue to consolidate its investment efforts to ensure that members' retirement savings are optimised.
"To this end, we will continue to be cautious and vigilant in our
investments by maintaining a prudent and low-risk investment approach," Azlan said. - Bernama
Bernama quoted the EPF statement on Thursday, June 17 the improved performance was mainly due tp the stronger performance of the equities market, underpinned by stronger corporate earnings and resilient economic fundamentals.
The EPF reported that in the first quarter, investment in equities contributed RM3.23 billion or 49.4% EPF's total investment income. This was a 20.24% increase from RM2.69 billion a year ago.
EPF Chief Executive Officer Tan Sri Azlan Zainol said: "Equity prices were further boosted by strong performance across all key sectors, primarily benefiting from higher global commodity prices, while CONSTRUCTION []-related stocks strengthened with the announcement of several major projects under the government's Economic Transformation Programme.
"The favourable trade volume had also facilitated the EPF to capitalise on profit taking."
Loans and bonds accounted for the second largest contributor to the EPF's investment income, with a return of RM1.77 billion in the first quarter. This represented an increase of 32.66 per cent from RM1.34 billion in the same period 2010.
Malaysian government securities, meanwhile, generated an income of RM1.35 billion, up RM71.54 million.
Returns from money market instruments also recorded double-digit growth, increasing 14.61% to RM153.09 million from RM133.58 million in the first quarter of 2010.
Investment income from PROPERTIES [] grew by 29.76% to RM28.12 million from RM21.67 million during the same quarter last year.
As at March 31, 2011, the EPF's total investment fund stood at RM450.26 billion.
Of the total, equities were allocated 35.55%, loans and bonds 32.32%, Malaysian government securities 27.79%, money market instruments 3.9% and properties 0.41%.
"With the global economy expected to experience uneven economic recovery and more moderate growth for the remainder of the year, the EPF will continue to consolidate its investment efforts to ensure that members' retirement savings are optimised.
"To this end, we will continue to be cautious and vigilant in our
investments by maintaining a prudent and low-risk investment approach," Azlan said. - Bernama
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