CPFIS-included funds sees 6.8% gain in Q3 (from IM$aavy)

Source: The Straits Times, Lorna Tan

Funds held in the Central Provident Fund Investment Scheme (CPFIS) achieved average gains of 6.8 per cent in the three months ended in September, thanks to rallying global equity markets.

According to new data from fund research firm Lipper, CPFIS-included unit trusts and investment-linked insurance plans (ILPs) soared 8.8 per cent and 7.9 per cent respectively during the quarter. Equity funds made the highest returns for both unit trusts and ILPs during the period.

Providing the second and third largest quarterly returns were mixed asset offerings and bond funds. Bond funds notched up gains during the three months of 2.1 per cent for unit trusts and 1.9 per cent for ILPs.

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