The Technology Fund managed by NTUC Income started in 2001 and had two bad years.
It performed well during past 3 years (2003 to 2005), as follows:
- actual return (net of manager fee): 18.2%
- benchmark: 17.2% pa.
- outperformance: 1.0% p.a
It continued to perform well during the first quarter of 2006:
- actual return (net of manager fee) 6.4%
- benchmark's 3.4%.
- outperforamnce: 3.0%
During my educational talk for the past year, I was often asked by a participant, "Should I move out of Technology Fund? What is your advice?".
My answer was, "I also invested in the Technology Fund. I have decided to stay invested. The Fund will recover".
My view turned out to be right.
I do always believe that Technology Fund should perform steadily and will soon return in the reckoning; especially all fields of technology including Information and Communications Technology, Biotechnology and the Life Sciences.
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