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15-08-2022, 05:55 AM
"Said Mr Tharman: "While the CPF doesn't provide the highest returns, it provides one of the safest in the world. And these are fair returns."
Turning to how the funds are invested, he said that CPF funds are used to buy special bonds that offer a guaranteed payout.
The money that is invested in these bonds is then deposited with the Monetary Authority of Singapore, and managed by fund manager GIC, as part of a larger pool of the Government's funds.
"This allows the GIC to invest for the long term, including investing in riskier assets such as equities, real estate and private equity," said Mr Tharman.
He noted that if CPF funds were held separately as a stand-alone fund, the GIC would have to manage it more "conservatively" to avoid the risk of failing to meet its interest obligations"
Turning to how the funds are invested, he said that CPF funds are used to buy special bonds that offer a guaranteed payout.
The money that is invested in these bonds is then deposited with the Monetary Authority of Singapore, and managed by fund manager GIC, as part of a larger pool of the Government's funds.
"This allows the GIC to invest for the long term, including investing in riskier assets such as equities, real estate and private equity," said Mr Tharman.
He noted that if CPF funds were held separately as a stand-alone fund, the GIC would have to manage it more "conservatively" to avoid the risk of failing to meet its interest obligations"
