EPF’s listed equity portfolio down by Rs.39 Bn end of 1Q 2020

Hi, I could not insert the image of the tables, Here is the link if someone can do it.

http://bizenglish.adaderana.lk/epfs-listed-equity-portfolio-down-by-rs-39-bn-end-of-1q-2020/

EPF’s listed equity portfolio down by Rs.39 Bn end of 1Q 2020

July, 22, 2020

The country’s largest retirement fund, the Employees’ Provident Fund (EPF), which is under the custodianship of the Central Bank, posted a market loss of approximately Rs.39.08 billion, as at end of first-quarter 2020.

So far, the EPF has invested Rs.84.05 billion in 83 listed equities. As at end of first-quarter 2020, its market value has reduced to Rs.44.97 billion. Accordingly, the EPF has lost a staggering Rs.39.08 billion by investing in the stock market.

The Employees’ Provident Fund has just made a new investment in Teejay Lanka PLC, in the first quarter of 2020. As at end-December 2019, EPF has invested in 384,849 shares of Teejay Lanka PLC and this has increased to 6,979,333 shares as at 31 March 2020.

As per the Employees’ Provident Fund Act. No. 15 of 1958, the Monetary Board of the Central Bank of Sri Lanka is entrusted with the custodianship of the Fund while the Commissioner of Labour is entrusted with the general administration of the Fund.

The total value of the Fund increased by Rs.251.1 billion to Rs.2,540.4 billion at end-2019 from Rs. 2,289.4 billion recorded by end-2018 recording an 11% growth.

This increase was due to the combined effect of the net contributions of the members (contributions less refund payments) and the income generated through investments of the Fund.

The total investment portfolio (book value) of the Fund grew by 10.9% to Rs. 2,548.7 billion as at the end of 2019 from Rs. 2,298.8 billion at the end of 2018.

Accordingly, at the end of 2019, the investment portfolio consisted of 93.8 per cent in government securities, 3.0 per cent in equity, 1.7 per cent in corporate debentures and trust certificates, 0.9 per cent in fixed deposits and the remaining 0.6 per cent in Reverse Repurchase agreement.

The investment policy of the Fund focused on providing a long-term positive real rate of return to the members while ensuring the safety of the Fund and availability of the adequate level of liquidity to meet refund payments and other expenses of the Fund.

Accordingly, at the end of 2019, the investment portfolio consisted of 93.8% in government securities, 3.0 per cent in equity, 1.7% in corporate debentures and trust certificates, 0.9% in fixed deposits and the remaining 0.6% in Reverse Repurchase agreement.



The total investment income of the Fund was Rs.259.0 billion in 2019, and recorded an increase of 16.5% compared to the previous year.

Thanks Kith, there is also the table of the EPF and ETF portfolio's in the article.

If post as a picture, they will shrink too much and the information will be undecipherable.
Anyone interested can use the link to get there.

Backstage wrote:Thanks Kith, there is also the table of the EPF and ETF portfolio's in the article.

Thanks Kith. I am not using any of the new buttons atm after all the argy bargy.

Norway's sovereign wealth fund, the world's biggest, has lost 1.33 trillion kroner ($125 billion) since the start of 2020 as markets collapse under the COVID-19 pandemic, its management said Thursday.Mar 26, 2020

https://www.google.com/search?client=firefox-b-d&q=norwegian+petroluem