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CPFIS funds up 0.75% in 3Q despite market fluctuation and volatility

The Edge Singapore
The Edge Singapore • 2 min read
CPFIS funds up 0.75% in 3Q despite market fluctuation and volatility
SINGAPORE (Dec 3): Unit trusts and investment-linked insurance products (ILPs) included under the Central Provident Fund Investment Scheme (CPFIS) increased 0.75% on average in 3Q ended Sept, according to an update by Lipper on Monday.
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SINGAPORE (Dec 3): Unit trusts and investment-linked insurance products (ILPs) included under the Central Provident Fund Investment Scheme (CPFIS) increased 0.75% on average in 3Q ended Sept, according to an update by Lipper on Monday.

In particular, CPFIS-included unit trusts increased 1.28% and CPFIS-included ILPs rose 0.44%. By asset class, CPFIS-included funds, equities, bonds, mixed assets and money market funds posted positive returns of 0.95%, 0.08%, 0.65% and 0.29% respectively.

Meanwhile, the MSCI All Country Asia ex-Japan index and the FTSE World Government Bond Index slid 1.24% and 1.41%, respectively.

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