• Last Update 2022-05-16 12:40:00

Value of EPF’s Listed Equity Portfolio as at end 2021 records a market value of Rs. 112 b, up from investment cost of Rs. 84 b

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The market value of the Employees’ Provident Fund (EPF), managed by the Monetary Board and is Sri Lanka’s largest superannuation fund, of the listed equity portfolio of the EPF as at end December 2021 recorded a value of Rs.112 billion against its cost of Rs.84 billion, thereby reflecting a substantial unrealised gain of Rs.28 billion in the portfolio.

The EPF investment portfolio as at 31.12.2020 stood at Rs. 3,243 billion, the Central Bank said in a statement on Monday.

 

It said the EPF also realised Rs. 4.7 billion during the year 2021 by way of scrip and cash dividends as well as capital gains. Further, the dividend income received during the 3-year period 2019 to 2021 was recorded at Rs. 2.5 billion on the unlisted equity investment portfolio of Rs. 9.6 billion.

The statement said the EPF operates within certain given risk parameters and has invested 94 per cent of its funds in Government securities and the balance in listed and unlisted equities, corporate debentures, trust certificates and other money market instruments. Funds are invested in a diversified portfolio, across eligible asset classes as given in the Monetary Board approved Strategic Asset Allocation subject to stipulated limits.

The EPF has invested around 3 per cent of its funds in listed and unlisted equities with a long-term perspective to generate adequate real rates of return. “The performance of individual equities as well as the overall performance of the equity market and overall macro-economic conditions of the country fluctuate and these changes impact the market value of the listed equity portfolio compared to the previous year. The valuation of the portfolio and the determination of its profitability is carried out as per the Sri Lanka Financial Reporting Standards,” the statement said.

In order to maintain transparency, EPF publishes the market value of its listed and unlisted equity portfolio on a quarterly basis in its website, and this information can be accessed through https://epf.lk/?page_id=2483.

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