between major insurers for 2003 to 2005 (3 year)
Investment-linked Fund Annualized
Return
Global Equity
NTUC Income Global Equity 19.2%
Prulink Global Equity 16.0%
AIA Portfolio 100 14.3%
Greatlink Global Equity 12.5%
*
Singapore Equity
NTUC Income S'pore Equity 21.8%
Greatlink S'pore Equities 17.7%
*
Europe Equity
Prulink Pan European 19.8%
NTUC Income Europe Equity 19.5%
Greatlink Europe Equity 17.5%
*
Technology
Prulink Global Technology 20.7%
NTUC Income Technology 18.2%
AIA Global Technology 13.8%
*
Source: S&P Report
4 comments:
Dear Sir,
From a neutral point of view, I strongly feel that you are misleading the general public.
First of all, I agree that a lower expense ratio is a benefit to investors.
With that said, I must point out the fact that there are many funds with higher expense ratios that outperformed NTUC funds with low expense ratios. For e.g, Aviva Emg Countries Gr (SP), Manulife Gldn Regional China, AXA Life-Fortress, Greatlink Enhancer and many more...
All returns are subjected to the future performance of underlying funds. By comparing past performances of funds based solely on the 3-year period only, we are only telling a small part of the story to the general public.
Therefore, as much as we welcome funds with low expense ratios, we should not condemn other funds with higher expense ratios, esp if they have been consistently outperforming NTUC funds.
Dear James Ong,
My collegue extracted the funds of the major insurers only, and leave out the funds of the smaller insurers.
They also selected the major categories, is Global Equity, Singapore Equity, Europe and Technology.
In some category, the other funds performed better than NTUC Income. It is listed in my posting.
I do not know which category GreatLink Enhance belongs to. I am sure that my colleague will not be excluding it deliberately.
Dear Sir,
Thank you for your prompt reply. I would encourage the public to visit the LIA/IMAS website below to avoid any confusion.
http://www.fundsingapore.com/SG/xml/dsp_search_quick.xml
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