Participating Fund Update 2019 - 2

Continuing on from an earlier post where I've shared the investment returns from various insurer's participating fund update statements. In this post, I'll like to share on the difference between the earlier post and the one published in straits times back in 2018. 

The key difference is the information in straits times article is based on Insurance Company Returns on MAS website which contains information for the entire Participating Fund for the insurer. For larger insurers, the insurer might had smaller participating funds within their Participating fund. Hence, when comparing the investment returns between insurers, we should identify the appropriate subfund when making the comparison. 

For example, at the time of writing, Prudential has 9 different sub funds in their Participating Fund. The information extracted previously was from their website. For the investment return comparison, we had made reference to Prudential's Regular Premium Life Sub-Fund. 

Comparing the 2 investment return information, we observed that the information for NTUC income and Tokio Marine are close. The investment returns for Prudential based on Insurer's annual returns is 7.95% for 2016 vs 8.3% from Prudential's Regular Premium Life Sub-Fund update. 

https://www.prudential.com.sg/services/useful-links/annual-bonus-update

https://www.straitstimes.com/business/banking/better-returns-eyed-for-participating-funds-in-2018

Year	AVIVA	GREAT EASTERN	NTUC INCOME	PRUDENTIAL	TOKIO MARINE
2016	3.5%	3.8%	4.5%	8.3%	3.5%
2017	12.6%	9.6%	9.0%	10.6%	10.6%
2018	-3.8%	-1.2%	0.8%	-2.1%	-2.5%
2019	13.4%	11.0%	9.6%	12.3%	13.1%