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CPF Investment Scheme funds rise 5.1% in Q1

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The overall performance of funds included in the Central Provident Fund Investment Scheme (CPFIS) rose by an average of 5.1 per cent in the first quarter of 2017.

THE overall performance of funds included in the Central Provident Fund Investment Scheme (CPFIS) rose by an average of 5.1 per cent in the first quarter of 2017.

According to a Thomson Reuters Lipper assessment on the performance of all unit trusts and investment-linked insurance products (ILPs), CPFIS-included unit trusts increased 5.2 per cent and CPFIS-included ILPs rose 5.04 per cent. For all CPFIS-included funds, equities posted positive returns of 6.44 per cent; mixed-asset 4.1 per cent; bonds 1.27 per cent; and money market funds 0.19 per cent.

For the one year since March 2016, the overall performance of CPFIS-included funds posted a positive return of 14.17 per cent on average. CPFIS-included unit trusts rallied 15.8 per cent on the year and CPFIS-included ILPs soared 13.16 per cent. During the same one-year period, equities (+18.55 per cent) outperformed bonds (+1.16 per cent), mixed-asset (+10.66 per cent) and money market funds (+0.64 per cent) on average.

For the three years from March 2014 to March 2017, CPFIS-included funds grew 17.11 per cent on average, accounted for by a gain of 18.71 per cent from CPFIS-included unit trusts and 16.27 per cent from CPFIS-included ILPs.

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Equities were the lead gainers with growth of 20.11 per cent, while the money market portfolio posted 1.52 per cent.

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