China’s enterprise annuity schemes beat market benchmark
06 June 2013
By Hui Ching-hoo
China’s enterprise annuity (EA) schemes recorded an average return of 4.96% per annum for 2012, beating the benchmark Reuters China Pension Index-1’s 3.82%, according to a survey from Thomson Reuters.
The best performing fund among the 714 EA schemes that include either shares or equity fund investments realised a return of 10.67% last year. Meanwhile, the fastest growing fund among the 141 EA schemes without either shares or equity fund investments achieved a return of 5.53%, the survey reveals.
The Mainland EA system was established in 2004. The voluntary occupational plan serves as a second pillar to the country’s retirement insurance system. The total number of EA schemes grew from 11 in the first quarter of 2007 to 855 in 4Q 2012.
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