CPFIS funds gain 20% in the second quarter

Aug 24, 2009

The best performing of the unit trusts under Singapore's Central Provident Fund Investment Scheme were those that invest in Indonesian and Indian shares.

Singapore's Central Provident Fund Investment Scheme (CPFIS) registered an average return of 20% in the second quarter of 2009, thanks in large part to equity portfolios, according to data provider Lipper.

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