SINGAPORE - Funds included under the Central Provident Fund Investment Scheme (CPFIS) posted an average return of 1.32 per cent in the three months ended Dec 31.
Unit trusts in the scheme rose 2.36 per cent while investment-linked insurance products (ILPs) inched 0.69 per cent upwards, according to fund research firm Thomson Reuters Lipper yesterday.
Among CPFIS-included funds, equities posted positive returns of 2.5 per cent, mixed-asset funds grew 0.51 per cent and money market funds increased 0.08 per cent.
However, bonds posted negative returns of 2.65 per cent.
During the same period, MSCI AC Asia ex-Japan index fell 0.66 per cent while Citigroup WGBI TR dipped 3.08 per cent.
Mr Xav Feng, head of Asia Pacific research at Thomson Reuters Lipper, noted that CPFIS funds continued to deliver positive performance in the fourth quarter of last year.
He urged investors to remain cautious for potential surprises or uncertainty.