The Employees Provident Fund (EPF) declared a dividend of 4.75% for 2004, up from 4.50% in the previous year, attributing it to its prudent and effective investment strategies.
EPF chairman Tan Sri Abdul Halim Ali said gross income rose 7.0% to RM11.80 billion and that the fund showed a marked improvement in customer services, based on feedback.
“Our investment income has grown significantly,” he said in a statement on July 4. The EPF’s total accumulated investments increased by RM20.10 billion or 9.2% to RM237.10 billion from the RM217 billion in 2003.
Investment in Malaysian government securities (MGS) represented RM92.50 billion or 39% of its total investments. Loans/bonds accounted for RM74.40 billion, equity (RM47.40 billion), money market instruments (RM21.30 billion) and property (RM1.50 billion).
He said gross investment income for 2004 was RM11.80, up 7.1% from RM11 billion in 2003.
Abdul Halim said as in previous years, the investment income or 78.1% of total was derived from fixed income instruments, with MGS contributing 41.6%, loans and bonds 30.2% and money market instruments 6.1%.
He said equity contributed 21.9% and property at 0.2%.
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