Sunday, Apr 20, 2014Sunday, Apr 20, 2014
 

CPFIS funds post 4.06% loss in 2nd quarter

Published on Aug 30, 2012 3:04 PM
PRINT EMAIL
 
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.

 
If you are not a subscriber, you can get instant, unlimited access here