All multi-funds posted negative results in September, with fund E losing everything it earned in 2022.
The threat of a global recession and inflationary pressures that have caused the world’s banks to raise interest rates have played a part in this.
The riskiest funds A and B registered losses of -2.01% and -2.30% respectively. Meanwhile, medium risk Fund C fell -2.59%.
The most conservative funds, D and E, posted losses of -3.11% and -3.23% respectively, details a report from consulting firm Ciedess.
Fund E lost all it earned in 2022
According to the analysis, as of 2022 (January to September), “negative results for all multi-funds” have been observed.
“Funds A and B registered declines of -17.51% and -14.36% respectively. Fund C, on the other hand, shows a change of -11.29%. We will incur losses,” said Ciedess.
These figures represent the second worst cumulative performance over the same period since the multi-fund system’s inception (Funds A, B, and C since 2008 in the framework of the subprime crisis, Funds D and E since 2021). ). withdrawal of funds and the context of political uncertainty).