You may be aware of the current financial market volatility due to global macroeconomic conditions and are wondering how the Chamber Pension Plan is performing.
Members should be reminded that the equity portfolio is passively managed and tracks the MSCI World Index. So, in the current environment, negative returns should not be a surprise, but over the prior ten years, the MSCI World Index has had an annualized return of 10.10%. For Pensions, members should focus on the long-term. The Chamber Pension Plan has one of the lowest expense ratios of all private pension plans.
If you have questions about the performance of your Lifecycle Funds, visit chamberpension.ky, email admin@pensions.ky or call 745-7630.
The Cayman Islands Chamber of Commerce Pension Plan – we’re here for you.