EPF
EPF records higher gross income
The Employees Provident Fund (EPF) recorded a gross income of RM11.8bil last year, 7.1% higher than the RM11bil in 2003. EPF chairman Tan Sri Abdul Halim Ali said in a statement that the fund's investments last year had also increased by RM20.1bil, or 9.2%, to RM237.1bil, compared with RM217bil in 2003.
He said Malaysian Government Securities remained the EPF's major choice of investment, with RM92.5bil, or 39%, of its total investments, followed by loans and bonds (RM74.4bil), equities (RM47.4bil), money market instruments (RM21.3bil) and properties (RM1.5bil).
“In line with the prudent and effective investment strategies adopted, the EPF declared a dividend of 4.75% last year compared with 4.5% in 2003,” he added.
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