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Monday, February 26, 2007

NTUC Income funds

Dear Mr Tan

The various NTUC funds (growth, global equity, balanced) are very high now. What is your suggestion? Convert them into the money market fund or stay on?

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My reply:

In my case, I decided to keep my existing investments in the Growth Fund, although it is quite high. My reason: I bought the units at a low price.

For new money, I invested in the money market fund and will wait for a market correction to convert into the Growth Fund or the Global Equity fund.

Tan Kin Lian

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