Ordinary Sporns Outperform Temasick/GeeAyeC in Investments!

[makapaaa]

<TABLE cellSpacing=0 cellPadding=0 width=452 border=0><TBODY><TR><TD vAlign=top width=452 colSpan=2>Published February 26, 2009

</TD></TR><TR><TD vAlign=top width=452 colSpan=2>CPFIS unit trusts, ILPs down 38% on average in '08

By GENEVIEVE CUA
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UNIT trusts and investment-linked products (ILPs) in the CPF Investment Scheme have posted losses for 2008, along with broad market losses across a range of asset classes.

The average loss overall was 38.13 per cent. Unit trusts fell an average of 40.24 per cent, and ILPs 36.06 per cent. The bright spot was bond funds which gained 1.9 per cent.
In the fourth quarter alone, CPFIS funds overall posted an average loss of 16.8 per cent. Unit trusts' losses alone came to 17.97 per cent and ILPs 15.71 per cent.
The scale of losses last year pulled down values over longer periods. For the three-year period, the average loss overall was 20.73 per cent. Unit trusts' losses came to 23.1 per cent, and ILPs' losses was 18.67 per cent.
Last year was a time of extreme stress as the failure of Lehman Brothers in September sparked a crisis of confidence and exacerbated the avalanche of deleveraging.
Gabriel Burstein, Lipper's global head of mutual and hedge fund research, said that the global mutual fund market lost about a third of its assets last year.
A Lipper statement yesterday said that it was 'encouraging' that in an environment of unprecedented volatility, most CPFIS funds managed to track their benchmarks very closely.
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</TD></TR></TBODY></TABLE>The MSCI World Index shed 40 per cent in 2008, while the Straits Times Index lost 29 per cent. Equity-focused CPFIS included funds fell 47 per cent on average. Some sectors fared relatively better, such as biotechnology which fell 9 per cent and health and pharmaceuticals which lost 25 per cent.
Rajeev Baddepudi, Lipper research analyst (Asean), said that the outlook remains gloomy and aggressive stimulus by governments and central banks have yet to take root. 'On the positive side, valuations are attractive across most asset classes, and cautiously optimistic longer-term investing will prove profitable in the coming months.'
Koo Chung Chang, who represents the Life Insurance Association on the fund performance tracking committee, said: 'It's easy to lose sight of one's investment objective in this period of uncertainty. Proper financial planning remains the key . . . With a suitably diversified portfolio and a long-term investment horizon, you will have a fairly good chance of keeping your investment objective on track.'
Dr Burstein sees a silver lining. 'I personally think a loss of one-third of (global mutual fund) assets opens the door to fund innovation and brings in new products. It's almost a catalyst,' he told reporters.
He says that managers are looking to diversification across strategies rather than just asset class and geographies.
'Asset and geographic diversification does not work in a prolonged bear market.'
He says that mutual funds could look into strategies that are market neutral.
The latest CPFIS quarterly report also showed that there were four funds added to the menu, and 12 unit trusts and ILPs were delisted. HSBC Insurance, for instance, delisted seven funds. The firm said that most of the funds exceeded CPF's expense ratio cap.

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[funglung]

IF #$^&**^$$##@&& BASTARD LKY AND HIS COCKROACHES IN WHITE HAD NOT SUCK AND BLED 400-500++ BILLIONS INTO TEMASICK AND GIC, THAT MONEY WOULD HAVE BEEN IN THE HANDS AND POCKETS OF SINGAPOREANS.

ANYONE OF THEM EASILY OUTPERFORM LKY AND HIS PUPPETS.

IF JUST A BIT OF THOSE MONEY COULD HAVE BEEN USED TO FUND OPPOSITION, THEN LKY AND COCKROACHES IN WHITE WOULD BE KICKED OUT LONG TIME AGO.

BECAUSE LKY IS A FUCKING COWARD AND DARE NOT FACE THE PEOPLE IN FAIR ELECTIONS.

FROM THOSE BILLIONS LKY STOLE, HE CORRUPTED THE COURTS INTO KANGAROO COURTS TO MAINTAIN HIS GRIP ON POWER SUPPORTED BY KANGAROO CHIEFT JUSTICE AND KANGAROO JUDGES.




GO ALL OUT TO KICK ALL THOSE BASTARDS OUT

ALL OF THEM

DO NOT WAIT UNTIL ELECTION TIME
THE TIME TO ACT IS NOW!

TALK TO YOUR FRIENDS AND YOUR RELATIVES.

SUPPORT OPPOSITION PARTIES WITH YOUR TIME AND MONEY AND STAND BY THEM AND WITH THEM.

THEY SPEAK FOR YOU AND TRY TO SPEAK FOR YOU.

NOT LKY AND HIS BASTARDS IN WHITE WHO ONLY WANT YOUR MONEY AND TO FUCK YOU.


IF NOT FOR YOURSELF, THEN FOR THE FUTURE OF YOUR CHILDREN

THERE WILL NOT BE AN OBAMA AS PRESIDENT OF USA IF THE CIVIL RIGHTS MOVEMENT THERE WAS INTIMIDATED BY BEATINGS AND LYNCHINGS IN THE PAST.


THE TOBBLING OF LKY WILL NOT BE EASY, AND CAN BE BLOODY AS WELL.
THEY WILL NOT GIVE UP THE BILLIONS THAT THEY SUCKED FROM YOU AND CAN CONTINUE TO SCREW FROM YOU NOW AND IN FUTURE.


ONLY YOU HAVE THE POWER TO SAY 'NO MORE OF THAT' AND THROW EVERYONE OF THOSE BASTARDS OUT






Sinkies must organise themselves

Show that they got balls and can stand up to LKY intimidation.

Big money at stake.

Already 400-500++ billions got sucked and bled by LKY into his Temasick and GIC.
HOW MANY OTHER BILLIONS GOT SUCKED AND USED BY THEM IN GLC WHERE THEIR FAMILY MEMBERS AND MINISTERS AND BASTARDS IN WHITE ARE CHAIRMAN AND CEOS?

EVEN IF NO ELECTIONS, SINKIES MUST SPEAK WITH ALL THEIR FRIENDS AND ALL THEY KNOW

STAND UP TO THAT BASTARD LKY AND PAP BLOODSUCKERS

STAND WITH ALL THOSE THAT FIGHT BASTARD LKY

OR STAND UP YOURSELF IN YOUR CONSTITUENCY

DONT BE BULLIED BY THAT FUCKING COWARD LKY USING HIS CORRUPT KANGAROO COURTS AND ALL THAT HE CAN, AND WILL THROW AT YOU