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
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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 slipped 2.9 per cent.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Singaporeans can now buy record amount of yen per Singdollar
