To calculate the amount of CPF contribution, just simply refer to the above table for the contribution rate that you have to pay according to the age group that you fall into, and multiply the percentage with the employees' wage. The amount of CPF contribution is capped at SGD6,000...
The SMB and HML factors for non-US based funds are constructed from stock market data to exclude the contribution of the size effect and the BE/ME effect. The results show that volatility timing is one of the factors contributing to the excess return of funds. However, funds’ volatility-...