Funds under CPF Investment Scheme posted marginal losses in 2015

Returns dropped by -0.19%.

The performance of all unit trusts and investment-linked insurance products (ILPs) that are included under the Central Provident Fund Investment Scheme (CPFIS) was marginally negative as of 31 December 2015, data from Thomson Reuters Lipper showed.

For the full year, the overall performance of CPFIS-included funds remained flat, with a slight decline of 0.19% on average. In contrast, key benchmark MSCI AC Asia ex Japan Index slid 2.47%.

During the year,, bond offerings (+1.74% on average) outperformed equity products (- 0.71% on average), mixed-assets (+0.04% on average) and money market types (+0.58%). 

In the fourth quarter of 2015, the overall performance of CPFIS-included funds posted positive returns of 3.01% on average. During the same period, MSCI AC Asia ex-Japan index showed strong growth of 3.64%, while Citigroup WGBI slid 1.45%.

For the three-year period, CPFIS-included funds reported a strong 20.07% growth on average, accounted for by a gain of 23.18% on average from CPFIS-included unit trusts and 18.19% on average from CPFIS-included ILPs.

During the same period, MSCI AC Asia ex-Japan Index gained 14.92% and Citigroup WGBI TR rose 7.00%. Equity type was the lead gainer with growth of 26.25% while money market portfolio posted 1.20% on average.
 

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.