The Business Times
business-time-50
SUBSCRIBERS

CPFIS funds performance down 14% in the last year, but positive over 3-year period

google-preferred-sourceAdd BT as a preferred source
Tan Nai Lun

Tan Nai Lun

Published Tue, Aug 23, 2022 · 07:18 PM
    • The performance of the CPFIS funds comes as the US market faced an unusual combination of losses in both stock and bond markets in the first half, resulting in fixed-income securities not providing investors their usual refuge, Morningstar Asia said.
    • The performance of the CPFIS funds comes as the US market faced an unusual combination of losses in both stock and bond markets in the first half, resulting in fixed-income securities not providing investors their usual refuge, Morningstar Asia said. PHOTO: KUA CHEE SIONG (ST)

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    FUNDS under the CPF Investment Scheme (CPFIS) lost an average of 8 per cent in the quarter ended Jun 30, as rising interest rates and recession fears hit global stock and bond markets.

    Still, they outperformed the MSCI World Index, which fell 13.8 per cent in the same period. On a 1 year cumulative basis, however, CPFIS funds’ returns were down 14.2 per cent, which was worse off than the MSCI World’s 11.3 per cent fall.

    On a 3-year cumulative basis, returns for the CPFIS funds were up 8.5 per cent, said Morningstar Asia on Tuesday (Aug 23).

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    CPFInflationBonds

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    Malaysia Madani, or Civil Malaysia, is Prime Minister Anwar Ibrahim's slogan encapsulating positive values (such as humanity and strong governance) that would shape policy direction. But the "corporate mafia" claims have now cast the spotlight on governance credibility.

    From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?

    While residential property has delivered solid gains, observers say other assets such as equities often outpace it over the longer term.

    Higher costs, lower returns: Why are Singaporeans still betting on real estate?

    Malaysia ranks 23rd globally on the Milken Institute’s global opportunity index.

    South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report

    Eu Yan Sang group chairman Richard Eu has been with the company since 1989 and has seen plenty of change over the years, such as how employees view their jobs.

    Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More