Malaysia’s Employees Provident Fund (EPF) reported 79.2 billion ringgit (US$20.18 billion) total investment income for last year, 6.37% more than in 2024, attributing it to “resilient” equity markets, a diversified portfolio, and “disciplined” risk management.
The bulk or 66.2 billion ringgit of the income was from conventional accounts and the balance 13 billion ringgit was from shariah accounts.
The EPF ended the year with 1.41 trillion ringgit of assets under management, up 12.8% from 1.25 trillion ringgit in 2024.
Some 61.7% of assets were invested domestically, earning 39.3 billion of investment income. Global investments, which accounted for 38.3% of assets, generated 39.9 billion ringgit.
Mohd Zuki Ali, chairman of the pension fund, described the results as “commendable performance” in a volatile year marked by “unpredictable trade policies”.
“Resilient equity markets were the main driver of EPF’s income, supported by stable returns from fixed income and the well diversified nature of the portfolio,” he says in a statement announcing the results on February 28.
“While market cycles may bring short-term volatility, disciplined risk management with a long-term investment strategy remains key to sustaining resilience and delivering consistent returns for members,” he says.
Equities generated 50.7 billion ringgit or 64% of the investment income and fixed income contributed 26.3 billion ringgit or one-third.
Real estate and infrastructure brought in 1.6 billion ringgit, while around 600 million came from money market instruments.
The EPF declared a dividend of 6.15% for members, down from 6.3% in 2024.
Its membership, comprising private sector employees and the self-employed, grew to 18.1 million from 15.3 million in 2024.
