After emptying my CPF coffers for the purchase of my HDB apartment, it took a little while before my CPF monies slowly built up in excess of S$20,000. Yesterday, I dropped off an application form to POSB to open a CPFIS-OA account.
Continuing off from the previous post on CPF Investment Scheme – Ordinary Account (CPFIS-OA), it seemed like the webpages of the different banks have contradicting information. Thus, I decided that the CPF official website would be able to provide the authoritative source of information and came up with the below for CPFIS-OA.
Up to 100% of investible savings can be invested in
Singapore Government Bonds
Statutory Board Bonds
Bonds Guaranteed by Singapore Government
Endowment Insurance Policies
Investment-linked Insurance Products
Exchange Traded Funds – This is what we’re interested in!
Fund Management Accounts
Up to 35% of investible savings can be invested in
Up to 10% of investible savings can be invested in
If I have S$30,000 sitting in my CPF Ordinary Account, then I can invest S$10,000 into ETFs. Currently, there are only two ETFs allowed – SPDR Straits Times Index ETF and ABF Singapore Bond Index Fund.