EPF To Adopt Cautious Stance To Rebuild Members’ Savings, Sustain Growth
Author Avatar
(Image: Malay Mail/Miera Zulyana)

The Employees Provident Fund (EPF) has said that it will adopt a cautious approach in its investments moving forward, as it navigates the downside risks attributed to post-Covid-19 recovery and the Russia-Ukraine war. This came as the provident fund announced that its total investment income for the first quarter of 2022 (1Q22) fell by 17.83% year-on-year, from RM19.29 billion to RM15.85 billion.

According to the chief executive officer of the EPF, Datuk Seri Amir Hamzah Azizan, both the equity and bond markets will likely still be negatively affected by global inflationary concerns and supply chain disruptions. Adding to this tumult is the move by major central banks around the world to tighten their monetary policies.

“The EPF would continue to rebalance the fund’s positions in stocks that are fundamentally strong but undervalued,” said Datuk Seri Amir Hamzah, adding that the provident fund will be guided by its Strategic Asset Allocation strategy to endure the current instabilities and pursue long-term goals.

(Image: The Star)

On top of that, Datuk Seri Amir Hamzah also emphasised that going forward, the EPF will be focused in helping members to rebuild their retirement savings, especially now that Malaysia has transitioned into the endemic phase of Covid-19.

“In addition to prioritising members’ interests and future wellbeing, the EPF also needs to ensure it is able to perform going forward. Any further withdrawals would financially impact the EPF and weaken the fund’s current portfolio position and capacity to ensure sustainable returns,” said Datuk Seri Amir Hamzah, referring to the four pandemic-related withdrawal facilities that had been allowed during 2020 and 2021: i-Lestari, i-Sinar, i-Citra, and the Special Withdrawal.

Ultimately, Datuk Seri Amir Hamzah said that the EPF’s fund performance and support of the domestic capital market are central to Malaysia’s economic success. This is given its role as one of the crucial pillars in the country’s socio-economic and social security framework.

(Source: Malay Mail)

5 3 votes
Article Rating


Comments (0)

Notify of

Inline Feedbacks
View all comments
Top Personal Finance News Articles
Post Image
Petrol Price Malaysia Live Updates (RON95, RON97 & Diesel)
- 24th May 2023
We provide weekly updates on every Friday at 5pm on the prices of RON95, RON97 and Diesel in Malaysia and a chart that shows the movement of fuel prices across a 6-week period. Bookmark this page now!
Post Image
Astro 4K Ultra HD Broadcast To Be Available For Subscription By The End of This Year
Brian Chung
- 14th August 2018
By the end of 2018, Astro customers will be able to watch football matches in Ultra HD. Read on to know more about the 4k Ultra HD service.
Post Image
Touch n Go RFID: What Malaysian Road Users Need To Know
Jacie Tan
- 10th August 2018
Everyone’s talking about Touch ’n Go RFID being used at Malaysian highway tolls soon – here’s what you need to know about it.
Post Image
Best High Interest Savings Accounts In Malaysia (January 2023)
Pang Tun Yau
- 11th January 2023
Make your money work for you by depositing them into the best high-interest savings accounts in Malaysia!

Related articles

Related Posts Image
Related Posts Image
Related Posts Image
Related Posts Image