CPFIS funds deliver average returns of 7.82% in Q1

Singapore

FUNDS under the Central Provident Fund Investment Scheme (CPFIS) posted positive returns of 7.82 per cent on average for the first quarter ended March 31.

Average returns from CPFIS-included unit trusts rose 8.48 per cent, while returns on investment-linked insurance products (ILPs) climbed 7.34 per cent, said fund research firm Lipper on Monday.