Equity, overseas investments main drivers for EPF income
EPF CEO Tunku Alizakri Alias said on Monday equities remain the main driver at 58% of the amount. Out of the RM50.88bil, 40% of the income generated are from overseas investments in 40 countries and 28 currencies.
“We have over RM222bil in our funds invested overseas, representing around 26.7% of our total assets,” he said at a media briefing on EPF’s 2018 performance here.
He added that EPF’s performance was consistent with the market, with incomes of RM12.877bil in the first quarter, RM12.385bil in the second quarter and RM14.614bil in the third quarter.
“The bloodbath began in Q4 when we recorded around RM10.9bil. But that is still quite an achievement considering how bad things were performing at the end of Q4.
“We had an interesting roller coaster of a ride for 2018. Domestically we had the 14th General Election and the uncertainties associated with it and globally, we have the US interest rate hikes, the China-US trade war and Brexit,” he said.
As for 2019, EPF expects uncertainty to continue ans as US and China beginning to record slower growth, Asean – which is still seen as an emerging market – provides a safer haven for investments.
The EPF is also keen on Latin America
Source : TheStar