Return on NTUC Income's funds

I have just received a report showing the return on NTUC Income's funds:

Name of Fund                1 year    2 year
                             2006     2005/06
Combined Fund (Growth)       11.7%     22.8%
Combined Fund (Balanced)      8.8%     17.0%
Combined Fund (Conservative)  5.8%     11.1%
Singapore Equity             30.8%     51.0%
Global Equity                11.9%     25.8%
Technology                   -4.8%      0.0%

Most of the funds produced great returns, after fees. As the fees are quite low, most of the returns go to the policyholders. The Technology fund continues to disappoint. I hope that it will do better in 2007.