CPFIS funds deliver returns of 1.9% in second quarter
FUNDS under the Central Provident Fund Investment Scheme (CPFIS) delivered returns of 1.9 per cent on average in the second quarter ended June 30.
Average returns from unit trusts increased 1.86 per cent, while returns on investment-linked insurance products (ILPs) rose 1.92 per cent, according to fund research firm Lipper on Wednesday.
Among CPFIS funds, mixed asset funds performed best, with average returns of 2.04 per cent, followed by equity funds which rose 1.94 per cent. Bonds ...