Retirement fund gauge drops

Business | 28 Feb 2020 5:33 pm

The Convoy MPF composite index dropped by 1.47 percent month-on-month to 241.79 due to market uncertainty brought by the coronavirus.

As of 20 February, the Japan equity fund was the worst performer, with 4.51 month-on-month decrease as the country is likely to enter a recession.

United States equity funds and default investment strategy  age 65 plus fund, grew by 1.8 percent and 1.45 percent month-on-month respectively.

 

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