Singapore's Central Provident Fund Investment Scheme (CPFIS)-included unit trusts, charted an average return of 6.3% for the quarter ended Sept 30, Standard & Poor's (S&P) fund services said. For the CPFIS-included insurance-linked products (ILP), the average return was 5.6%.
“From our analysis, in the third quarter, 56.2% of the unit trusts and 52.1% of the ILPs outperformed their benchmark,” director Cynthia Case said in a statement.
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