Asked by : Hon Audrey EU
Replied by : SEM
Question :
It has been reported that the Quality Education Fund recorded investment losses in the past two years. In this connection, will the Government inform this Council:
Reply:
Madam President,
Appendix I
Allocation of the Quality Education Fund
Investment Strategy
|
Actual allocation as at 31 August
|
|||
---|---|---|---|---|
(%) |
2000
|
2001
|
2002
|
|
Equities |
55
|
59
|
51
|
52
|
Bonds |
40
|
37
|
44
|
44
|
Cash |
5
|
4
|
5
|
4
|
100
=== |
100
=== |
100
=== |
100
=== |
Appendix II
Investment Returns of the Quality Education Fund
(%) |
2000 |
2001 |
2002 |
---|---|---|---|
Overall return |
+13
|
- 10
|
- 2
|
Return on equities |
+16
|
- 28
|
-14
|
Return on bonds |
+6
|
+12
|
+11
|