CPFIS funds post 4.06% loss in 2nd quarter
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Taking money out of the Central Provident Fund (CPF) and investing it in unit trusts and investment-linked insurance products may not be a good idea this year. -- PHOTO: CAROLINE CHIA
Taking money out of the Central Provident Fund (CPF) and investing it in unit trusts and investment-linked insurance products may not be a good idea this year.
According to research firm Lipper, overall performance of CPF Investment Scheme-included funds fell 4.06 per cent for the second quarter.
But if a saver keeps his money in CPF, he will enjoy a 2.5 per cent return in the CPF ordinary account and 4 per cent return in the CPF special account.
The research firm also noted that during the second quarter, funds which invested in "conservative assets' outperformed the riskier ones.
