Singapore CPF Funds See Net Outflow Of S$20 Million In Q2

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SINGAPORE -(Dow Jones)- Singapore's Central Provident Fund products saw a net outflow of S$20 million in the second quarter compared with a net outflow of only S$5 million the previous quarter, Rajeev Baddepudi, senior research analyst of Asean with Lipper said Friday.
Baddepudi said that in the second quarter ending June, CPF saw a net outflow of S$73 million versus a net inflow of S$53 million. In the first quarter, net outflow was S$38 million while inflow was S$33 million
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