MORE CPF members who invested their savings in their ordinary account (OA) under the Central Provident Fund Investment Scheme (CPFIS) outperformed the guaranteed annual 2.5 per cent interest rate per annum in fiscal year 2016.
Some 78 per cent of active CPF investment account holders or 441,000 members achieved profits larger than 2.5 per cent in the 12 months to Sept 30, 2016 as equity markets recovered from the 2015 rut. Some 12 per cent or 66,000 active CPF investors incurred losses on their investments.
This was a marked improvement from the preceding fiscal year, when only 27 per cent of active CPF investors made profits larger than 2.5 per cent or 159,000 members while some 58 per cent or 340,000 members made losses.
Under the scheme, CPF members can invest in CPFIS-included funds such as approved …