SINGAPORE (June 30): The overall performance of all Central Provident Fund Investment Scheme (CPFIS)-included funds slumped 12.96% on average in 1Q20 ended March, says Refinitiv’s Lipper on Tuesday.

The findings included the performance of all unit trusts and investment-linked insurance products (ILPs) under the scheme, which recorded negative returns of 15.04% and 11.61% respectively.

For the one-year period, CPFIS-included funds fell 7.30% on average. CPFIS-included unit trusts slid 9.34%, while CPFIS-included ILPs declined by 5.99% on average.

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