The Business Times
business-time-50
SUBSCRIBERS

Market decline drags CPFIS-included funds into losses in 2018

google-preferred-sourceAdd BT as a preferred source
Genevieve Cua

Genevieve Cua

Published Wed, Feb 27, 2019 · 09:50 PM
    2018: a multi-year low

    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.

    TRENDING NOW

    US President Donald Trump with President Xi Jinping after a visit to Zhongnanhai Garden in Beijing, on May 15.

    Xi Jinping has just rewritten the rules of US-China rivalry

    The High Court said UOB has taken inconsistent legal positions on late payment charges in mortgage cases.

    High Court raps UOB over inconsistent legal positions on late mortgage payment charges

    Set up by Nichol Ng and her brother, FoodXervices traces its roots to 1934 with the business their grandfather started.

    ‘Whole deck of cards just toppled’: FoodXervices’ Nichol Ng on how a 92-year-old family business unravelled – and what’s next

    Huawei unveiled on Monday a new principle for improving chips, noting the industry can no longer rely mainly on making transistors smaller.

    China’s Huawei reveals chip design breakthrough amid US sanctions

    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