Relative investment performance of broker funds as at 1 January 1996.
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Your support makes all the difference.Median Median % of funds at % of funds at
performance performance zero zero
against the against the performance performance
benchmark index of each or above or above
of each fund fund against the against the
(% per annum) (% per annum) benchmark index
582 life funds -1.4 -1.1 29% 37%
445 pension funds -1.7 -1.4 30% 35%
130 offshore life funds -1.7 -1.7 29% 23%
36 unit trusts 0.0 -1.4 50% 26%
A benchmark is designated by PIA as the nearest equivalent offered by the product provider (i.e. a managed fund). An index is the one nominated by the IFA as the one most appropriate to the fund objective.
Source: PIA
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