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aws试用账号(www.2km.me)_EPF in for a better year

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EPF Amir qtcht

PETALING JAYA: All eyes will be on the upcoming full-year dividend announcement by the Employees Provident Fund (EPF) after it chalked up good income growth amid a decline in its assets from Covid-19-related withdrawals.

Based on the numbers announced yesterday, the EPF is poised to record a higher dividend payout for financial year 2021 (FY21) if it can maintain its third quarter performance.

The EPF announced RM48.02bil of total gross investment income for the nine months ended Sept 30, 2021: 7.7% higher than the RM44.6bil recorded a year earlier.

Annualising the RM48.02bil, the EPF could potentially record RM64.02bil of gross investment income, which is higher than the RM63.45bil recorded in FY20.

A higher investment income could translate into a higher dividend payout.

Former chief investment officer Pankaj C. Kumar pointed out that the EPF’s overseas investments have done very well in 2021 thanks to the rally in the global equity markets.

“Although the EPF’s fund size was affected by withdrawals, the dividend payout for FY21 is expected to be much better than in FY20, contributed by EPF’s diversified portfolio especially in equities.

“Last year, the global stock markets were fuelled by a strong rally in technology stocks while liquidity factors drove markets to all-time highs, especially in the United States,” he told StarBiz.Former chief investment officer Pankaj C. Kumar pointed out that the EPF’s overseas investments have done very well in 2021 thanks to the rally in the global equity markets.

Over the past three years, the US stock markets have been on a bull run despite the Covid-19 pandemic disruptions.

The S&P 500 has been experiencing total returns of 1.5%, 18.4%, and 29.6%, respectively. While the Dow Jones saw 25%, 9.7% and 18.9%, respectively.

However, a market observer expected that the the dividend rate is unlikely to be above 6%.

“While the return on investment will be higher than 6%, there are operational expenses and accounting provisions, as well as adjustments that have to be made.

“The management needs to be prudent due to the volatility in the market,” he said.

In FY20, EPF declared a total dividend payout of RM47.64bil to its members, which resulted in a 5.2% dividend rate for Simpanan Konvensional and 4.9% for Simpanan Shariah.

The dividend payout for FY20 was equivalent to EPF’s net investment income for the first nine-month of FY21.

The EPF posted RM47.96bil in net investment income for the nine-month ended Sept 31, 2021, 26% higher than the RM38.14bil recorded in the same period a year earlier, thanks to lower write-down from its investment in listed equity.

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