CPFIS-included funds grew 2.21% in Q2

Gains from SCI World TR USD and FTSE WGBI TR boosted its performance.

The overall performance of the Central Provident Fund Investment Scheme (CPFIS)-included funds climbed 2.21% YoY growth on average in Q2 after its key benchmarks soared, according to Refinitiv’s Lipper report.

During the same period, key benchmarks MSCI World TR USD and FTSE WGBI TR surged 6.11% and 4.67% respectively, countering the decline in MSCI AC Asia ex-Japan Index at 0.95%.

CPFIS-included unit trusts rose 1.81% YoY in Q2 and CPFIS-included ILPs went up 2.46% over the same period as well. Amongst asset types, bond funds jumped 4.77%, outperforming the mixed-asset funds which grew 2.89%. Money marketand equity funds inched up 1.37% and 1.36%, respectively.

On a quarterly basis, the overall performance of CPFIS-included funds rose 1.9% on average in Q2. Mixed-asset funds led the gains at 2.04%, followed by equity at 1.94%. Bonds saw a 1.61% climb, whilst money market funds edged up 0.34%. Meanwhile, CPFIS-included unit trusts inched up 1.86% and CPFIS-included investment-linked insurance products (ILPs) grew 1.92%.

MSCI World TR USD and FTSE WGBI Index also rallied 4.08% and 3.45% in Q2, respectively, whilst MSCI AC Asia ex-Japan posted negative return of 0.67%.

Furthermore, CPFIS-included funds posted a positive return of 26.23% on average over the past three years, accounting for a gain of 28.28% from CPFIS-included unit trusts and 24.91% from CPFIS-included ILPs.

During the same period, MSCI World TR USD and MSCI AC Asia ex-Japan Index rallied 42.72% and 40.51%, respectively. Equity type was the lead gainer with growth of 33.67%, whilst bond portfolio posted positive return of 5.32% on average.