By cai haoxiang
THE roughly 300 investment funds approved by the Central
Provident Fund (CPF) continued to do well amid liquidity from central
banks and low volatility.
The average fund under the CPF Investment Scheme (CPFIS) posted a 3.73 per cent return in the three-month period ended June 2014.
They posted an 11.82 per cent return for the 12-month period to June, and a 16.68 per cent return for the 36-month period to June.
On average, this beat the 4 per cent minimum interest rate offered by the CPF Special, Medisave and Retirement Accounts (SMRA).
The average fund under the CPF Investment Scheme (CPFIS) posted a 3.73 per cent return in the three-month period ended June 2014.
They posted an 11.82 per cent return for the 12-month period to June, and a 16.68 per cent return for the 36-month period to June.
On average, this beat the 4 per cent minimum interest rate offered by the CPF Special, Medisave and Retirement Accounts (SMRA).
Hmm, i wonder what is the average return since CPFIS is introduced. Measuring returns during the bull rally is often misleading.
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