The KLCI has been bullish over the past few days. Some quarters suspected that EPF is behind the scene, pushing up the composite index as the global financial crisis is far from over and the investor sentiment remains negative. More economic experts doubted the current impressive recovery in global stock markets could be sustained as the worst is not over yet.
EPF should be extremely careful with their investment in the stock market and there should not be any attempts by them to “salvage” any companies in trouble be it GLCs or any other. In addition, they should not be risking the contributors’ retirement funds just to paint a picture that KLCI is recovering. If their investment is not sustainable, the contributors will be the scapegoats receiving poor dividends the following year.
EPF should be extremely careful with their investment in the stock market and there should not be any attempts by them to “salvage” any companies in trouble be it GLCs or any other. In addition, they should not be risking the contributors’ retirement funds just to paint a picture that KLCI is recovering. If their investment is not sustainable, the contributors will be the scapegoats receiving poor dividends the following year.
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