Excellent performance : EPF records RM4.8b investment income in Q2

Thursday, September 3, 2009

KUALA LUMPUR: The Employees Provident Fund (EPF)recorded an investment income of RM4.8 billion in the second quarter of 2009, as investments in equities raked in better returns.

The income was 46.64 per cent better than the RM3.27 billion accrued in the first quarter of this year, EPF said in a statement here today.

"Despite the instability of the global economy, the EPF managed to meet expectations and deliver better investment results in the second quarter," said its Chief Executive Officer Tan Sri Azlan Zainol.

Equities was the highest income contributor for the quarter, growing seven-fold to RM1.74 billion, against RM239.55 million earned in the previous quarter.

He said improving global and domestic markets contributed to the surge in income from equities for the quarter under review. - NST


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