Tough six months for EPF

Quick Summary AI Powered

The fact that the EPF undertook a write-down of RM1.09bil in 1Q of 2022 for listed equities – almost equivalent to the write-down of RM1.15bil done for 2021 – is likely a sign of deterioration in investment performance.

While earnings-generation from equities, which continued to be EPF’s main income contributor, was impacted by the market slowdown, Amir Hamzah said the provident fund managed to leverage on its portfolio position to capitalise on additional gains.

PETALING JAYA: The Employees Provident Fund (EPF) is off to a bad start in 2022 after its investment income tumbled by nearly 18% year-on-year in the first quarter (1Q).

or

Read Full Article7 minutes

Want your news featured here?

Article Details

Author / Journalist: GANESHWARAN KANA

Category: Economy

Topics: Amir Hamzah Azizan RPF Corporate News Dividends Geoffrey Williams /Business/Business News Personal Finance

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-22, 00:00:00

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Reading Time: 7 minutes read

Article Length: 1168 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 2698

View Article Analysis

About The Star Business

Main Topics: Economy

Official Website: thestar.com.my

Update Frequency: 36 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 6h ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details