CPF investment scheme posts one-year returns of 14.71% in 3Q2024; record fund flows into Singapore: IMAS and Morningstar

Cherlyn Yeoh11-12

CPFIS improvements were an improvement compared to the same period up to last quarter which was 9.69%. Over a one-year period, all Central Provident Fund Investment Scheme (CPFIS) funds delivered ...

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Over a one-year period, all Central Provident Fund Investment Scheme (CPFIS) funds delivered ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/funds/cpf-investment-scheme-posts-one-year-returns-1471-3q2024-record-fund-flows-singapore-imas?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n","source":"edge_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CPF investment scheme posts one-year returns of 14.71% in 3Q2024; record fund flows into Singapore: IMAS and Morningstar</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCPF investment scheme posts one-year returns of 14.71% in 3Q2024; record fund flows into Singapore: IMAS and Morningstar\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-12 09:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/news/funds/cpf-investment-scheme-posts-one-year-returns-1471-3q2024-record-fund-flows-singapore-imas?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Cherlyn Yeoh</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>CPFIS improvements were an improvement compared to the same period up to last quarter which was 9.69%. Over a one-year period, all Central Provident Fund Investment Scheme (CPFIS) funds delivered ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/funds/cpf-investment-scheme-posts-one-year-returns-1471-3q2024-record-fund-flows-singapore-imas?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BZ1G4Q59.USD","symbol_name":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","start_time":0,"source_url":"https://www.theedgesingapore.com/news/funds/cpf-investment-scheme-posts-one-year-returns-1471-3q2024-record-fund-flows-singapore-imas?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2483057188","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483057188","pubTimestamp":1731374462,"columns":[],"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"CPFIS improvements were an improvement compared to the same period up to last quarter which was 9.69%. 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Over a one-year period, all Central Provident Fund Investment Scheme (CPFIS) funds delivered returns of 14.71% for investors as at Sept 30, an improvement compared to the same period up to last quarter which was 9.69%, a report by Investment Management Association of Singapore (IMAS) and Morningstar notes.\nIMAS and Morningstar released its quarterly findings on Singapore fund flows and performance of all unit trusts and investment-linked insurance products (IPLs) included under the CPFIS in its Performance and Risk Monitoring Report and Singapore Fund Flow report.\nIMAS and Morningstar found that while overall performance for CPFIS-induced funds fell 2.54% in 3Q2024, the performance of unit trusts increased to 3.14%.\nProxied by Morgan Stanley Capital International (MSCI) World Index, global equities saw a slight increase of 0.62%.\nMSCI AlC Asia ex-Japan also posted gains of 4.43%, while bond returns – the Financial Times Stock Exchange (FTSE) World Government Bond Index (WGBI) reversed its decline to deliver a positive return of 1.17%.\nAsset classes\nThe positive momentum from the previous quarter carried over to 3Q2024, with all asset classes posting gains.\nThe most significant improvement was in fixed income, which had gains of 3.55%, substantially higher than returns of 0.03% in the previous quarter.\nAll other asset classes remained stable, with the exception of equity funds falling to 2.46% from last quarter’s return of 4.10%.\nOver a one-year horizon, the profile of investor returns remained broadly unchanged.\nEquity funds experienced returns of 16.97% from 11.91% in the previous quarter, while allocation and fixed-income funds also showed a similar positive trajectory, with positive returns of 13.61% and 7.92% respectively.\nOver the same period, money market funds were stable, with an average positive return of 3.69%.\nOver a three-year reporting interval, the performance of all asset classes did not change much from last quarter’s report, with all asset classes showing improved gains.\nFrom a net gains perspective, the best-performing asset class was fixed income, which posted a negative return of 2.60%, a reversal from -6.00%.\nThe report found that investors preferred stability and this was reflected in money market funds which delivered a return of 8.02%, outperforming all other asset classes. \nEquities reversed its losses and posted returns of 1.23%, with allocation funds close to hitting a 0% loss rate.\nFund flows\nSingapore posted a record-high of $3.1 billion net inflows of authorised and recognised unit trusts registered for sale in 3Q2024.\nBy asset class, fixed income and money market funds attracted the most interest, with positive net flows of $1.9 billion and $1.5 billion respectively.\nGlobal fixed income was the most popular category, with $901.95 million in gains, followed by Asia fixed income with inflows of $781.1 million.\nIn terms of worst-performing categories, Europe fixed income was the only one to post outflows of $6.98 million.\nInterest in equities declined, with $436.52 million redeemed in the third quarter, as compared to $261.16 million last quarter.\nIn Singapore, US large-cap blend equity was the best-performing category with inflows of $75.37 million, followed closely by India equity with $74.51 million.\nSingapore equity which previously ranked top in terms of inflows in 2Q2024 featured at the bottom of the best-performing categories with $3.57 million gained. \nChina equities suffered, with China equity and China equity – A Shares posting outflows of $28.75 million and $80.67 million, respectively.\nThe worst-performing equity was Asia Pacific ex-Japan equity, with outflows of $138.19 million.\nSome gains were witnessed for convertibles, which attracted $0.08 million, while alternatives and commodities saw outflows of $11.16 million and $7.27 million respectively.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483057188"}