Unit trusts and ILPs under CPFIS post negative returns for Q1
Overall performance in first 3 months hit by market volatility; 12-month performance also weak
Singapore
THE overall performance of unit trusts and investment-linked insurance products (ILPs) included under the Central Provident Fund Investment Scheme (CPFIS) posted negative returns in the first quarter of this year amid market volatility, prompting an expert to urge caution.
Data from Thomson Reuters Lipper showed on Thursday that the overall performance of CPFIS-included funds in Q1 posted negative returns of 3.26 per cent on average. CPFIS-included unit trusts fell by 3.8 per cent, while CPFIS-included ILPs sli…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
TikTok suspends new app’s reward programme amid EU concerns
Hong Kong spot crypto ETFs to start trading next week
Cordlife substantial shareholder Nanjing Xinjiekou still mulling over offer to buy over remaining shares
Nvidia agrees to acquire Israeli AI software provider Run:ai
HSBC says growing Chinese wealth fuels client investments in US
Unilever's India quarterly profit disappoints