The weak performance of CPFIS-included funds, however, was not that different from that of two of the three key benchmark indices during the year. The MSCI World Index and MSCI AC Asia ex-Japan Index plunged 6.38% and 12.41% respectively, though the FTSE World Government Bond Index rose 1.13%.
SINGAPORE (May 6): Given the poor performance of funds under the Central Provident Fund Investment Scheme in 2018, CPF members may be deterred from investing their CPF savings in CPFIS-included funds. According to data from Refinitiv, the 85 unit trusts (UTs) and 156 investment-linked policies (ILPs) under CPFIS posted an average negative return of 9% and 7.27% respectively. Overall, the CPFIS-included funds recorded an average negative return of 7.91% during the year. By contrast, CPF ordinary account (OA) and special account (SA) balances earn 2.5% and 4% a year.
