Thursday, January 31, 2008

NTUC Growth Fund

Dear Mr. Tan,

I have invested in NTUC Growth fund. I saw that this fund's past performance is very good, outperformed most global balanced fund on the market. However, this is also during the period when you are CEO of NTUC.

I am not sure whether I would continue my regular savings plan on this fund any more since the new managment does not do many good things for the customers nowadays. I worried about this fund's future performance. Also, information of all NTUC fund doesn't seem to be trasparent to customers, we cannot download annual report and prospectus like most other fund.

After some research, I found that there is one fund from UOB UOB Growthpath series which has its major holding on index fund. Althought this fund's performance doesn't seem to be as good as NTUC Growth fund, but the index component keep this fund's ER as low as 1.17%.

I would like to seek your opinions on investing long term on this fund in stead of NTUC growth fund.

REPLY

I am not familiar with the UOB Growthpath series. But, from what you have described, it looks like a good fund.

The Growth Fund from NTUC Income should continue to be a good fund, as it is well diversified, actively managed (by external fund managers) and has a low expense ratio.

If you have any issue with the access to information from the website, you can bring it to the attention of the management of NTUC Income.
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4 comments:

Anonymous said...

Growthpath is a 3 portfolio plan which allows you to move from one to another depending on which stage of your life cycle you are in. The move is automatic as this will be done for you by the administrator. Similar to the NTUC combined Funds, they are high risk, medium risk and conservative.
NTUC Growth fund is the riskiest portfolio of the NTUC's 3 funds.
In my opinion, NTUC's funds are good and consistent in their return.

January 31, 2008 1:36 PM
Anonymous said...

I also think that are consistent, but that is during the time when Mr. Tan is CEO of ntuc income, not sure whether the new management will bring the fund performance down, seems they seldom do something good for customers thesedays :(

January 31, 2008 4:28 PM
Anonymous said...

It seems that policyholders are getting wary of the new management.
While i am not on the payroll of NTUC
I like to allay your fear about the funds you invest. The mandate and the trust deed cannot be changed without the approval of unit holders. The managers and custodians are not NTUC . There is a division of "power".

January 31, 2008 11:40 PM
Unknown said...

the fund managers for spore equity fund and global equity fund under the growth fund have been revised too. wondering if this is a good sign or otherwise....hmmm.....and the fund price is on a downward trend this year 2009

March 07, 2009 4:01 PM

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