Sunday, February 8, 2015

MALAYSIA:::EPF declares 6.75% dividend for 2014

EPF recorded RM39.08 billion in gross investment income for 2014, up 11.66% from 2013, mainly driven by domestic and global equities.
kwsp_ekonomi_300KUALA LUMPUR: The Employees Provident Fund (EPF) Board yesterday declared a dividend rate of 6.75% for 2014, higher than the 6.35% announced in 2013.
In a statement here yesterday, EPF said this would involve a payout of RM36.66 billion, compared with RM31.2 billion in 2013. The country’s largest pension fund also recorded RM39.08 billion in gross investment income for 2014, up 11.66% from RM35 billion in 2013, mainly driven by equities in the domestic and global markets, EPF said.

“Global investments contributed 33% towards total income for 2014 despite being only 23% of total assets amid uncertainties in both the domestic and global markets,” EPF Chairman Samsudin Osman said in the statement.
The asset class recorded an investment income of RM22.91 billion, a rise of 17.37% compared with RM19.52 billion in 2013, and contributed 58.63% to the total gross investment income in 2014. Loans and bonds contributed RM7.57 billion in income, compared with RM7.51 billion in 2013.
Malaysian Government Securities and equivalents recorded RM6.59 billion in income, up 6.14% over the RM6.21 billion in 2013. Money Market Instruments posted an income of RM619.65 million. Real Estate and Infrastructure contributed RM1.39 billion in investment income in 2014, compared with RM1.14 billion the previous year.
As at December 31, 2014, the EPF’s total investment assets stood at RM636.53 billion, up 7.91% from the RM589.87 billion in 2013.

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