KUALA LUMPUR: The Employees Provident Fund (EPF) posted an investment income of RM63.99bil for the nine months ended Sept 30 (9M25), marking an 11% increase from RM57.57bil in the same period last year.
In a statement, the retirement fund said that total investment income for the third quarter surged 27% year-on-year to RM25.07bil, compared with RM19.67bil in the same period last year.
“The 11% growth in total investment income, alongside 12% growth in asset under management, is a result of execution of our strategic asset allocation, which allowed the EPF to participate in the recovery of equity markets post- ‘Liberation Day’.
“We are encouraged by the strength of the Malaysian economy, which supports 61% of the EPF portfolio, while simultaneously pursuing a global investment strategy that generated 53% of total investment income this quarter,” chief executive officer Ahmad Zulqarnain Onn said.
He noted that although the nine-month performance has been encouraging, the fund remains cautious heading into the fourth quarter.
“The rally in global equity markets has elevated valuations, while mixed signals from global economic indicators may temper the pace of interest rate reductions.
“The EPF is actively managing these risks by accelerating the locking-in of profits at a pace that may be hard to match in 4Q,” he added.
During the quarter under review, equities remained the largest contributor to investment income, delivering RM16.95bil, or 68% of the total.
Although slightly below the RM18.35bil recorded in 3Q24, it marks a clear recovery from the softer performances in the first two quarters of 2025. The rally in global equity markets during the period allowed EPF fund managers to seize opportunities and lock in gains.
Fixed Income continued to play a key role in capital preservation, generating RM6.75bil or 27% of total investment income for the quarter.
This asset class, which includes Malaysian Government Securities and equivalents together with loans and bonds, delivered a steady income stream and helped cushion short-term market volatility, supporting overall portfolio stability.
Meanwhile, real estate and infrastructure contributed RM1.14bil, while money market instruments recorded gains of RM230mil.
Of the total investment income for 3Q25, RM20.48bil was generated for Simpanan Konvensional and RM4.59bil for Simpanan Shariah.
As of Sept 30, total investment assets stood at RM1.37 trillion, representing a 12% year-on-year growth.
The EPF said international investments accounted for approximately 39% of total assets, supported by resilient global equity market valuations.
During the quarter, international investments generated RM13.33bil, representing 53% of the total investment income.
