7% based upon 9billion payout per 1% 🤦‍♀️ not realistic anymore

You have to look AUM divided by income minus fees as it based a consistent 60billion plus expected this year 6% is before fees hence around high 5%

Don’t forget BNM now washing down the speculation that RM5 is not possible 🤦‍♀️ hence don’t expect the foreign equities to go up with global economic slowdown in foresight particularly China now is in trouble

Even now foreign equities at 37% of AUM it is delivering almost half of the income EPF deriving now

was hoping it's become true

yeah... Foreign $$$ really contribute significantly should instead increase that.... BUT No.... must increase local exposure to 70%

The problem is the FI portion it is has to be lowered down to 45% as it is underperforming 🤦‍♀️

The local exposure will be most likely in local property end as they are not many good investment oppurtunities in Malaysia

EPF set to answer Anwar’s call to boost domestic investment to 70%

EPF chief executive Datuk Seri Amir Hamzah Azizan said easing concerns over issues such as interest rate hikes will help in generating better returns during the quarter compared with Q1 2023 ended March 31, 2023.

“Prime Minister Datuk Seri Anwar Ibrahim suggested that EPF increase its domestic direct investment to 70%.

“So, this year, we will invest approximately 70% domestically and the balance will be invested abroad,” he told reporters after launching the 2022/2023 Belanjawanku guide and Belanjawanku mobile app here today.

https://www.thevibes.com/articles/business/...nvestment-to-70

Farked Liao.

Rindu Zaman BossKu.

Read the keyword approximately so it won’t be fully implemented this year but by next year for sure 70/30 in place 🤦‍♀️ bye bye 6% welcome to 5% or lower come 2024 announcements

Thanks partly to new 100k limit 😁

More $$$$ to dump into local investment

And EPF will have to sell at least rm68billion of foreign equities to rebalance the allocation 🤦‍♀️ provided at least another rm4.25 billion injection from self contribution which you at least 45000 self contributes to hit that target

There goes your future earnings depreciating 6% over the time when they switch to the new 70:30 allocation

pmx does not have the interests of hardworking M40 like us in mind.
he wants to impress the noisy ones who wants to 10K 10K 10K

well could be playing with words by 'this year'

Hmm....
68bil huh??

Don't think Malaysia market can have such much shares, bonds etc. available 🤔🤔

Probably 🤔🧐

Rebalancing takes time for fund big as EPF... Simply cannot do overnight like that....

This can be a nice time to rebalance the portfolio when USD is so high vs MYR and why shouldnt the pension fund benefit if they manage to fix the economy, attract FDI and drive the growth.

That is why reallocation is big a mistake 🤦‍♀️ when Simple rebalancing will do

68 billion allocation they don’t have to buy shares or bonds anymore 🤦‍♀️ more for infrastructure and local startups this time as PMX hinted before 🤦‍♀️ and you wonder where the money is coming for the new local startup fund and Kwasa Damansara development money is from

The pension fund is underperforming 🤦‍♀️ FI is only contributed slightly more than 1/3 while 37% foreign equities is contributing close to half your dividends when it is more prudent to hold your winners long 🤦‍♀️

with the new classification of T20, M40 and B40 coming into effect by next year do you think it will impact EPF dividend?

I would want to just gather some of your opinion on this and i am going to share mine:

Cutting fuel and electricity subsidies would lead to higher prices for these goods and services. This would likely lead to a decrease in consumption, as people would be less willing to buy these goods and services at higher prices. This would have a negative impact on businesses that produce these goods and services, as they would sell fewer units. It would also lead to a decrease in tax revenue, as businesses would pay less in taxes on the sales of these goods and services. Always have to remember the T20 pay 85% of this country taxes so when T20 tie up their saving and spend less then the domino effect will happen and eventually impact our dividend payout!

US China trade war escalating...

local market continue gg... 70% bandaid wont help cancer...

ringgit starting next slide...

fuel n power small impact imho... weather so hot, how to cut aircon?...

hope next year can get > 5%...

This post has been edited by dwRK: Jun 15 2023, 11:21 AM

RM835.4 mil approved for EPF FSA2 initiative as of May 26: MoH

The total payment for the Employees Provident Fund (EPF) Account 2 Support Facility (FSA2) programme that had been approved was RM835.4 million for 40,196 applications as of May 26, 2023.

The Finance Ministry said of the total payment, RM790.8 million was channelled through MBSB Bank Bhd, while RM44.6 million was paid through Bank Simpanan Nasional.

https://www.thevibes.com/articles/news/9468...s-of-may-26-moh

I wouldn’t be worried about the current payout because it driven by foreign equities and MGS currently 🤦‍♀️ Local economy and tax revenue doesn’t plays a big role anyway because tax revenue goes to MOF directly for PMX to spend to stimulate the economy as local allocation barely contribute to EPF since the holdings is small 🤦‍♀️ and you should be worried more about macroeconomics of the world as Malaysia is a trading nation

Why not flip flop on EPF withdrawal - Bersatu MP 😁

https://www.freemalaysiatoday.com/category/...-mp-asks-anwar/


The drama continues 😜