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Unit trusts and ILPs under CPFIS post negative returns for Q1
Overall performance in first 3 months hit by market volatility; 12-month performance also weak
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Published Thu, May 26, 2016 · 09:50 PM
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Singapore
THE overall performance of unit trusts and investment-linked insurance products (ILPs) included under the Central Provident Fund Investment Scheme (CPFIS) posted negative returns in the first quarter of this year amid market volatility, prompting an expert to urge caution.
Data from Thomson Reuters Lipper showed on Thursday that the overall performance of CPFIS-included funds in Q1 posted negative returns of 3.26 per cent on average. CPFIS-included unit trusts fell by 3.8 per cent, while CPFIS-included ILPs slipped 2.9 per cent.
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