Inflows of Singapore unit trust funds jump 88.9% in Q2: Morningstar
CPFIS funds’ average return is 3.1 per cent in Q2, down from 4.9 per cent in Q1
UNIT trust equity funds have rebounded in the second quarter with S$261.2 million inflows, compared with S$116 million outflows in the previous quarter, based on Morningstar’s report on Singapore fund flows released on Thursday (Aug 22).
The higher yields offered by the funds was the main draw but “it remains to be seen if this trend will be sustained in equity, but it’s still encouraging”, said Arvind Subramanian, senior analyst of manager research at the financial services firm.
The Singapore market favoured the global large-cap blend (value and growth) equity and large-cap growth equity, while Greater China equity and Singapore equity received the least interest during Q2....