THE Employees Provident Fund (EPF) declared dividends of 6.15% for conventional savings and 5.9% for shariah savings for 2018, with total dividend payouts amounting to RM47.31 billion.

The fund announced healthy returns for its subscribers today, at the start of a difficult year amid market volatility and downtrend.

The payout amounts to RM43 billion for conventional savings and  RM4.32 billion for shariah savings.

The record dividend payout was 6.9% for  conventional savings in 2017.

EPF saw a marginal decrease of 1.7% for its total dividend payouts compared with 2017.

“We are very grateful and pleased that we have been able to consistently meet our two strategic investment targets. Beyond the anticipated nominal dividends, more importantly is that we consistently deliver above-inflation returns so that we are able to preserve and enhance the value of our members’ savings over the long term and help them achieve a better retirement future,” said EPF chairman Samsudin Osman.

“This is despite 2018 being a difficult year, marked by volatility and a downward trend in global markets, due to the long-standing US-China trade war and four rounds of US interest rate hikes in the year alone. Nonetheless, we remained focused on our long term strategy and our portfolio diversification has provided resiliency and delivered commendable returns to our members.” – February 16, 2019.

– https://www.themalaysianinsight.com/