Malaysia’s EPF posts 58% growth in Q1 gross investment income

Employees Provident Fund

Malaysian pension fund Employees Provident Fund (EPF) has recorded a 58% growth in gross investment income at 19.29 billion ringgit ($4.68 billion) for the first quarter ended March 31, 2021, against 12.16 billion ringgit ($2.95 billion) in the corresponding period last year.

The fund, however, maintains a “cautious” stance for the coming quarter amid the downside risks due to the new infectious Covid-19 variants.

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