I am newbie when it comes to investing and MPF. So noticing that my MPF has taken a -10 % nose dive and so far lost -9000k since January. And seeking some context to this.
I have 100% in core accumulation fund with derisking nature at HSBC. I looked at the allocation and about 39% is in American Equities and 33% in world bonds. I’ve attached a photo of the allocation breakdown.
I had a few questions:
1. Is the allocation of the fund fixed? (As I don’t remember actually inputting the allocation %myself)
2. Isn’t core accumulation fund a standard and popular fund? What are your thoughts on this?
I am just worried if I had invested in the wrong fund etc or is everything taking a nose dive? Just afraid that I will completely lose all of my MPF as -9000k seems to be a lot! However, I am a newbie to this, so any insight would be welcomed. Thank you .