Market decline drags CPFIS-included funds into losses in 2018

Singapore

FUNDS included in the CPF Investment Scheme (CPFIS) posted losses in 2018, pulled down by a sharp downdraft in global markets towards the end of the year.

For the one-year period to end-December, CPFIS-included funds posted a negative return of 7.91 per cent on average. Unit trusts in the scheme were down by 9 per cent and investment-linked products (ILPs) were down by 7.27 per cent. This was the worst showing since around 2011.

The fourth quarter alone showed a negative 7.45 per cent average return; with unit trusts and…