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CPFIS funds delivered strong returns in 1Q

Samantha Chiew Published on Wed, May 31, 2017 / 12:09 PM GMT+8

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SINGAPORE (May 31): The overall performance of CPFIS-included funds increased 5.10% on average in 1Q ended March, with CPFIS-included unit trusts and CPFIS-included ILPs increasing 5.04% and 5.20% respectively.

As for all CPFIS-included funds, equities posted positive returns of 6.44%, mixed-asset 4.10%, bonds 1.27% and money market funds 0.19%. Meanwhile, MSCI AC Asia ex-Japan index rallied 9.68% while Citigroup WGBI TR fell 1.78%.

For the one year period from March 2016, CPFIS-included funds reported an overall average positive return of 14.17%. CPFIS-included unit trusts rose 15.80% on the year and CPFIS-included ILPs rose 13.16%. For the one-year period, equities (+18.55%) outperformed bonds (+1.16%), mixed-asset (+10.66%) and money market funds (+0.64%) on average. Meanwhile, MSCI AC Asia ex Japan Index soared 22.25%, whereas Citigroup WGBI TR fell 0.03%.