A month ago, we sent a letter to our existing policyholders to top up their investment in our fund, and take advantage of the recent drop in the stockmarkets. This allowed them to make additinal investment at a lower price.
A large number of policyholders took this advice and topped up their investment. They have benefitted from the move.
During the past 4 weeks, the investment funds managed by NTUC Income have earned a return of between 2% to 5%. The highest increase is for the Singapore Equity fund.
These are the positive factors leading to the improved sentiment over the past month, globally and in Singapore.
It is still a good time to invest in the funds, as the prices have not recovered to their earlier highs.
Tan Kin Lian
Chief Executive Officer
NTUC Income
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