CPFIS funds post 3.73% Q2 gain
But globally, funds are experiencing net outflows so far this year: Lipper
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
THE roughly 300 investment funds approved by the Central Provident Fund (CPF) continued to do well this year amid liquidity from central banks and low volatility. The average fund under the CPF Investment Scheme (CPFIS) posted a 3.73 per cent return in the three-month period ended June 2014.
They gained 11.82 per cent for the 12-month period to June, and 16.68 per cent for the 36-month period to June.
Generally, equity, bond and mixed asset funds continue to perform, with equities generating the highest returns. However, funds worldwide saw net outflows this year, signalling investor caution.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Middle East-linked energy supply shocks put Asean Power Grid back in focus
