Thursday, June 11, 2009

EPF 1Q investment income down 10.47% to RM3.26b

When EPF is making money in their investments, then we are all happy. But when they are not doing so well with their investments using our money, then your heart will beats faster and your legs start to shake...
The Employees Provident Fund recorded a 10.47% decline in its unaudited total investment income of RM3.26 billion for the first quarter ended March 31, 2009 (1Q09).

The EPF said on June 11 the decline from RM3.64 billion in the fourth quarter of 2008 (4Q08) was due to “lower investment returns from both fixed income instruments and equities”.

Loans and bonds were the highest income contributor in 1Q 2009 at RM1.78 billion, but this was a decline from RM1.82 billion in 4Q08.

As at March 31, it said 36.82% of the loans and bonds investments were in companies with AAA credit ratings and 49.97% in companies with AA ratings.

It added that in 1Q09, equities contributed RM223.83 million after investment provisioning resulting from the decline in equity prices, compared with RM342.54 million in 4Q08.

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