Photo by Jay Ang from Unsplash
Singapore net inflows hit $263.18m in 3Q23
Equity and fixed-income funds reported inflows during the quarter.
Singapore's net inflows reached $263.18m in 3Q23, data from Morningstar's Singapore Fund Flow report showed.
The report covers the performance of all unit trusts and investment-linked insurance products (ILPs) included under the Central Provident Fund Investment Scheme (CPFIS) as of 30 September.
According to the report, alternative and allocation recorded the most net redemptions of around $22m each.
Fixed income recorded $257.39m of net fund sales. Cash management products continued to garner interest as investors bought SGD 43.55 million in money market funds.
Meanwhile, the overall performance of CPFIS-included funds or unit trusts and ILPs combined for the third quarter was -2.28%.
On a YoY basis, CPF saw a positive return of 6.41% in September.
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