Equities lead the way for EPF

EPF CEO Datuk Seri Amir Hamzah Azizan said: “The resilient performance in H1’21 was driven by the progressive recovery of the equity markets and most asset classes amid the global rebound.

Equities continued to be the main contributor of income for Q2’21 at RM7.89bil, accounting for 53% of total gross investment income. EPF CEO Datuk Seri Amir Hamzah Azizan said: “The resilient performance in H1’21 was driven by the progressive recovery of the equity markets and most asset classes amid the global rebound.

Real estate and infrastructure, and money market instruments, meanwhile, recorded RM1.40bil and RM0.20bil respectively. To assist members affected by the pandemic, the EPF launched the i-Sinar and i-Citra facilities which were intended to provide some financial relief. To date, this has involved the disbursement of a total of RM67.6bil.

“The pandemic has led to a significant drop in the percentage of members meeting the basic savings threshold from 36% to 27%, pursuant to the pandemic related withdrawals to supplement their income during the crisis.

Only to be spent by MOF without blinking an eye

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EPF investment income up 25% to RM34.05 billion in H1 2021 | The Malaysian InsightChief executive officer says the fund’s resilient performance was driven by the progressive recovery of equity markets.
Source: msianinsight - 🏆 8. / 63 Read more »

EPF 1H investment income up 25% to RM34.05bKUALA LUMPUR: The Employees Provident Fund (EPF) recorded RM34.05bil of total investment income for the first half of the year ended June 30, 2021. 16% dividend next year?🥲
Source: staronline - 🏆 4. / 75 Read more »

EPF to help members restore and rebuild their nest eggsKUALA LUMPUR: The Employees Provident Fund (EPF), expressing concern about the members’ retirement security due to the fallout from the Covid-19 pandemic, will focus to help them restore and rebuild their retirement savings to ensure that they are able to secure a dignified retirement.
Source: staronline - 🏆 4. / 75 Read more »

Almost half of EPF depositors aged below 55 have less than RM10,000 in retirement funds | The Malaysian InsightAlmost half of EPF depositors aged below 55 have less than RM10,000 in retirement funds
Source: msianinsight - 🏆 8. / 63 Read more »

EPF investment income up 25% to RM34.05 billion in H1 2021 | The Malaysian InsightChief executive officer says the fund’s resilient performance was driven by the progressive recovery of equity markets.
Source: msianinsight - 🏆 8. / 63 Read more »

Almost half of EPF depositors aged below 55 have less than RM10,000 in retirement funds | The Malaysian InsightAlmost half of EPF depositors aged below 55 have less than RM10,000 in retirement funds
Source: msianinsight - 🏆 8. / 63 Read more »