KUALA LUMPUR: Economists expect the Employees Provident Fund (EPF) to distribute a lower dividend rate for 2022 following a weaker total investment income recorded in the first quarter ended March 31, 2022 (Q1 2022). The pension fund announced today that its total investment income had slipped to RM15.85 billion in Q1 2022, down from RM19.29 billion in Q1 2021, due to a significant decline in worldwide markets. ALSO READ: EPF records lower gross investment income of RM15.85bil for Q1 2022"EPF’s dividend rate is expected to fall in tandem with lower investment income,” Sunway University economics professor Yeah Kim Leng told Bernama when contacted. Last year, the overall EPF dividend performance was supported by a strong rebound in the equity markets, he said. "But 2022 growth is already being downgraded across the world, so investment returns are likely to be lower,” Williams said.
Source: The Star June 22, 2022 01:49 UTC