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EPF equity portfolio gains Rs. 2.8bn in 2012 Vote_lcap68%EPF equity portfolio gains Rs. 2.8bn in 2012 Vote_rcap 68% [ 178 ]
EPF equity portfolio gains Rs. 2.8bn in 2012 Vote_lcap18%EPF equity portfolio gains Rs. 2.8bn in 2012 Vote_rcap 18% [ 47 ]
EPF equity portfolio gains Rs. 2.8bn in 2012 Vote_lcap13%EPF equity portfolio gains Rs. 2.8bn in 2012 Vote_rcap 13% [ 35 ]

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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » EPF equity portfolio gains Rs. 2.8bn in 2012

EPF equity portfolio gains Rs. 2.8bn in 2012

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sriranga

sriranga
Co-Admin
The equity portfolio of the Employees’ Provident Fund (EPF) managed by the Central Bank yielded Rs. 2,774 million in 2012, the bank’s governor Ajith Nivard Cabraal said yesterday.

The fund grew 13 percent in 2012 to Rs. 1.15 trillion of which Rs. 301 billion was invested in government securities, "to benefit from high interest rates," Cabraal said.

Despite the controversy the EPF management continues to fuel, Cabraal said dividends and capital gains from investments in the country’s equities market amounted to nearly Rs. 2.8 billion.

He said with government securities yields expected to decline in future, the bank would continue to invest in the stock exchange, private equities and corporate debt.

Interest paid on member balances for 2011 was 11.5 percent, Central Bank data showed.

Cabraal said the EPF would implement innovative fund management strategies to maximise returns further.

"With fiscal consolidation and the expected further decline in inflation, market interest rates are expected to decline in future, thereby providing a challenging environment for the EPF to generate higher returns in the medium to long term," Cabraal said yesterday (02) releasing the ‘ Road Map for Montary and Financial Sector Policies for 2013 and Beyond’.

"The EPF will systematically continue its investment portfolio diversification policy, to provide better returns. Such a strategy would cover: equity investments that would provide long term growth and income; private equity investments that would yield higher long term returns; investments in debt securities such as corporate debentures, trust certificates and commercial paper which would provide higher annual incomes," Cabraal said.

The last published annual report of the EPF was for 2010.
http://island.lk/index.php?page_cat=article-details&page=article-details&code_title=69503

http://sharemarket-srilanka.blogspot.co.uk/

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
ape honda cabba Very Happy .....

Sidath

Sidath
Manager - Equity Analytics
Manager - Equity Analytics
imagine how much "more" they would have earned if it was managed professionally and not as a dumping ground for other people's mistakes

Arena


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@ sidath ,

13% is a very good achievement under these circumstances.
They would have any way earned 12% + from TB.
Then additional 1% from higher risk investments.
May be a small lose from corruption as you said

But better than Most of the private sector companies who run at loss.

Lot of funds are negative in the world for sure, but i dont have details at the movement.

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Sidath wrote:imagine how much "more" they would have earned if it was managed professionally and not as a dumping ground for other people's mistakes
thats true Smile

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