CPFIS funds deliver average returns of 0.62% in Q2

Singapore

MEMBERS of the Central Provident Fund (CPF) who invested in funds that are part of the CPF Investment Scheme (CPFIS) reaped average returns of 0.62 per cent in the second quarter this year.

Unit trusts delivered a return of 0.64 per cent on average, while investment-linked insurance products (ILPs) averaged a 0.60 per cent return, according to fund research firm Thomson Reuters Lipper on Thursday.