CPF Investment Scheme funds up average of 2.70% in Q3

Singapore

CPF members who invested in funds that are part of the Central Provident Fund Investment Scheme (CPFIS) reaped average returns of 2.7 per cent in the three months to Sept 30.

During the same period, CPFIS-included unit trusts rose 3.06 per cent, while investment-linked insurance products (ILPs) increased 2.49 per cent, said fund research firm Thomson Reuters Lipper on Wednesday.

For all CPFIS-included funds, equities posted positive returns of 3.50 per cent, mixed-a…