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Monitoring the fund performance

             Monitoring the fund performance is one of the crucial duties of a fund member as it will help protect the member’s interests. It can also be used to assist the decision making when the investment strategy needs to be changed.

            The sources below can help you monitor the fund performance
  • Biannual Report
             Every year the asset management company will send you a report in January and in July. The report contains the fund’s unit value which can be used to evaluate the fund performance.
  • Unit Value
             You can evaluate the fund performance by comparing this year’s fund value in total amount to last year’s, and also by using the fund’s unit amount as a base to calculate its unit value. After getting the fund’s unit value, you can evaluate its performance by comparing this year’s number with the previous year’s number. 

Unit value  =  Net asset value
                             Total unit amount

 

            Comparing fund performance

            You should compare the performance of your fund in the current period with that in other periods, and with that of other funds. Here are some examples:

            1. Compare your fund performance in this period with that in the previous period
                Look at the biannual report and compare the unit value of your fund in this period with that in the previous period. An increase in the unit value shows a better performance of the fund during the year, vice versa. In addition, you should also find out what factors had affected its performance.

            2. Compare your fund performance with that of other funds
               Apart from looking at the change in the fund’s unit value, you may compare your fund performance with that of other funds having similar investment policy by adjusting the return you have got into percentage form.

Current unit value - Unit value on the investment date  x 100
Unit value on the investment date


           3. Compare your fund performance with benchmark
                To enable fund members to compare fund performance accurately, a benchmark used should be a composite benchmark that is in line with the fund’s investment policy and is calculated by data from the same period as that of the fund.
                Benchmarks for assessment of provident fund performance can be classified by types of assets: click

                Example: Performance comparison

 

Fund A (equity fund)

SET TRI

Dec 31, 2002

10.2379 baht

607.12 pts

Dec 31, 2003

11.2546 baht

658.24 pts

Return

         11.2546 - 10.2379 x 100 = +9.93%
                 10.2379

        658.24 - 607.12 x 100 = +8.42%
               607.12



               From the above example, it implies that fund A, whose 100% of the fund’s assets are invested in stocks, outperforms its benchmark (SET TRI). This shows that the ability of the fund manager to manage fund is higher than the average level.

              Past performance is only one of the factors that reflect the asset management company’s ability in managing funds; thus, should not be solely used to guarantee the fund’s future performance.
last updated date 07/06/2553

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