Abstract
- 1Q efficiency was unfavourable with relative efficiency starting from -2.12% to -0.73%.
- 1-year efficiency was weak owing to the weak first quarter this yr, with relative efficiency starting from -1.91% to -0.46%.
- Mounted-income efficiency was roughly impartial within the Asset Allocation funds exterior of the Conservative Fund, which underperformed.
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Efficiency components
For the quarter, top-level strategic and tactical allocations had been unfavourable contributors. The approximate 2% public fairness chubby was unfavourable with fairness market efficiency trailing fastened earnings by about 5%. The approximate 6% chubby to home was the
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