Sunday January 08, 2006

CPF Board tightens admission criteria for funds under CPFIS

channelnewsasia.com :

The CPF Board has tightened the admission criteria for new funds that want to be part of the CPF Investment Scheme (CPFIS). Under new rules that will take effect on 1 February 2006, new funds must be among the top 25 percent of their global peer group instead of the current top 50 percent. And to lower the cost of investment for CPF members, these new funds must have an expense ratio that is lower than the median of existing CPFIS funds in their risk category. New funds should also have a good performance track record for at least 3 years.

The CPF Board says the new criteria will not apply to existing funds. But they may be subject to re-evaluation should there be material changes in the fund structure or management team.

The Board says it will continue to work with the industry to study ways of lowering investment costs. It will also step up education efforts and provide more information on the performance and cost of funds within the CPFIS.

(2006-01-08 22:35:46 SGT) [Biz] Permalink

Most popular blog postings on lowem.log :

1. Singapore MRT rail network length to double by 2020
2. 2010 Nissan Leaf electric car specifications : 107hp, 24KWh lithium-ion batteries, 100-mile range
3. Live spot gold price quotes chart on COMEX
4. 2010 Toyota Prius specifications released : 50 mpg, 1.8L, 134hp, Ni-MH, solar roof option
5. AVG Anti-Virus Free Edition 2011 direct download link
6. Real-time live gold and silver price quotes chart on COMEX
7. Singapore electric vehicles : Government agencies EMA and LTA to study EV introduction
8. Book review : Shut Down by William Flynn

Featured articles on lowem.log :

1. Book review : Shut Down by William Flynn
2. Singapore electric cars testing starts with 9 electric vehicles
3. Honda, GS Yuasa JV to make lithium-ion batteries for 2010/2011 Honda Civic Hybrid
4. 2010 Honda Civic Hybrid preliminary specifications released
5. 2010 Honda CR-Z hybrid, 2010 Honda Fit/Jazz hybrid models confirmed
6. 2010 Toyota Prius specifications released : 50 mpg, 1.8L, 134hp, Ni-MH, solar roof option
7. NYMEX crude oil recovers from $32.40 low after 2.2 mbpd OPEC production cut announced
8. Singapore : Nuclear power not ruled out