EPF investment income jumps 19.8pc in Q1
KUALA LUMPUR: The Employees Provident Fund (EPF) registered a 19.76 per cent year-on-year growth in investment income to RM6.53 billion in the first quarter of 2011.
This was primarily due to encouraging equity performance on the back of stronger corporate earnings and resilient economic fundamentals.
In the first quarter, investment in equities contributed RM3.23 billion or 49.44 per cent of EPF's total investment income, representing a 20.24 per cent increase compared with the RM2.69 billion recorded in the previous corresponding quarter.
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In a statement yesterday, 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 facilitated EPF to capitalise on profit-taking."
The loans and bonds segment was the second largest contributor to 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 recorded double-digit growth, increasing 14.61 per cent to RM153.09 million from RM133.58 million in the first quarter of 2010.
Investment income from properties grew by 29.76 per cent to RM28.12 million from RM21.67 million during the same quarter last year.
As at March 31 2011, EPF's total investment fund stood at RM450.26 billion.
Of the total, equities were allocated 35.55 per cent, loans and bonds 32.32 per cent, Malaysian government securities 27.79 per cent, money market instruments 3.93 per cent and properties 0.41 per cent. - Bernama
This was primarily due to encouraging equity performance on the back of stronger corporate earnings and resilient economic fundamentals.
In the first quarter, investment in equities contributed RM3.23 billion or 49.44 per cent of EPF's total investment income, representing a 20.24 per cent increase compared with the RM2.69 billion recorded in the previous corresponding quarter.
In a statement yesterday, 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 facilitated EPF to capitalise on profit-taking."
The loans and bonds segment was the second largest contributor to 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 recorded double-digit growth, increasing 14.61 per cent to RM153.09 million from RM133.58 million in the first quarter of 2010.
Investment income from properties grew by 29.76 per cent to RM28.12 million from RM21.67 million during the same quarter last year.
As at March 31 2011, EPF's total investment fund stood at RM450.26 billion.
Of the total, equities were allocated 35.55 per cent, loans and bonds 32.32 per cent, Malaysian government securities 27.79 per cent, money market instruments 3.93 per cent and properties 0.41 per cent. - Bernama
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