What was reported in 2011?
MPF fell an average 0.8% in November 2010 — five of six fund categories were negative, only conservative funds eked out 0.01%; equity funds sank 1.51%, with European equities the worst at –3.74%. The lone bright spot: Hang Seng Index funds rose 1.26% on China-related stocks. Lipper data to end-November 2010: one-year average 8.1%, three-year annualised –3.99%, five-year annualised 3.25%.
What’s the takeaway?
One month doesn’t define the long run; European equities hurt most that year.
What can workers do?
Pick funds on long-term performance and fees at MPF fund comparison.
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