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  1. Business - Comment - MONITOR TOM HOLLAND

    Over the US fiscal cliff and out of the financial woods

    Posted Dec 04th 2012, 12:00am by Tom Holland

    ... But while high fees have certainly weighed on MPF returns, they are not the whole story. Poor asset allocation is also to blame. One reason why MPF equity funds have managed an annualised net return ... As of September 30, just 5 per cent of MPF equity fund assets were invested in North America, less even than in Europe. And that's a problem because the US market has actually done rather well ...

    http://www.scmp.com/business/article/1096781/over-us-fiscal-cliff-and-out-financial-woods

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