The Employees Provident Fund (EPF) has reported an increase in quarterly income citing from a year ago, citing better performance of the equities market.
The fund announced that its Q2 investment income was up 36.36% to RM11.51 billion from RM8.44 billion a year ago, but it dipped from RM11.79 billion in the first quarter ended March 31, 2017.
According to EPF chief Datuk Shahril Ridza Ridzuan, the lower quarter-on-quarter income was due to a decline in contribution in equities.
He added that he expected a moderation in income growth for upcoming quarters.
Commenting on the outlook for the second half of the year, he said with the ringgit showing signs of improved stability, global investments would remain one of EPF’s significant revenue drivers moving forward.