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CPFIS funds post 4.06% loss in 2nd quarter

Published on Aug 30, 2012 3:04 PM
 
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.

 
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