Central Provident Fund Investment Scheme (CPFIS)-included funds grew on average 10.22% for 4Q2020 ended December 2020, according to findings reported by Refinitiv Lipper.
The funds comprise CPFIS-included unit trusts and CPFIS-included investment-linked insurance products (ILPs), which gave average positive returns of 11.06% and 9.68% respectively.
During that same period, equity funds posted average positive returns of 13.60% while money market funds posted average positive returns of 0.06%. Key benchmarks MSCI World TR USD and MSCI AC Asia ex-Japan Index rallied 10.44% and 14.89% respectively, while FTSE WGBI Index fell 0.5%.
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