Funds under the CPFIS gained 7.51% in value on the back of strong market rallies in the first three months of this year
Source: Straights Times
Funds under the Central Provident Fund Investment Scheme (CPFIS) gained in value on the back of strong market rallies in the first three months of this year.
CPFIS funds gained 7.51 per cent, driven largely by a robust 9.71 per cent rise in equity- linked funds, said financial information firm Lipper, which tracks the performance of the funds.
Mixed asset funds, which included both equities and fixed income assets, rose 5.31 per cent while bond products saw a gain of just 0.76 per cent.
- Very commendable performance, considering all the market instability caused by the risk of the Greece's exit from Euro and China's deceleration of growth.
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