WE THANK Mr Chua Teck Kee for his letter ("Review ETFs for CPF investments"; Tuesday).
Central Provident Fund (CPF) members may invest 100 per cent of their investable savings in all funds included under the CPF Investment Scheme (CPFIS), including exchange-traded funds (ETFs).
There are currently four ETFs included under CPFIS, and not two as cited by Mr Chua. They are ABF Singapore Index Bond Fund, SPDR Straits Times Index (STI) ETF, SPDR Gold ETF and Nikko AM Singapore STI ETF.
Other ETFs can apply for inclusion under the CPFIS if they wish to.
CPF members should take into account market risks when investing their CPF savings.
Those who leave their CPF savings with the CPF Board currently earn guaranteed interest rates of up to 3.5 per cent and 5 per cent a year in their Ordinary and Special accounts respectively.