Singapore’s CPFIS-Included Funds Gained 1.32% for Q4 2016
Thomson Reuters Lipper reported an average of 1.32% gained in Q4 2016 for all CPFIS-included funds. CPFIS-included Unit Trusts average 2.36% returns while CPFIS-included ILPs rose 0.69%. This was announced in its findings on the performance of Unit Trusts and Investment-linked Products (ILPs) included under the Central Provident Fund Investment Scheme (CPFIS) as of 31 December 2016.
“Thomson Reuters Lipper reported an average of 1.32% gained in Q4 2016 for all CPFIS-included funds.”
Xav Feng, Head of Asia Pacific Research, Thomson Reuters Lipper commented that President Trump’s economic policies are slated to affect the United States and global markets, as well as the pace of interest rate rises by the U.S. Federal Reserve. China’s debt problem may be further alleviated as the country undergoes structural economic reform.
News Source: Thomson Reuters Press Release
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Updated on 8th August 2016