The plan has few options and the employees as of 12/31/2007 had most of their money in company stock, ETN, which was down -46.7% in 2008. The Balanced portfolio by rule is invested only in options with a positive 5yr Sharpe ratio. That was just the money market fund and 100% of the Balanced portfolio is there. The scan covered investments that were more than 5% of the Master Trust.
No comments:
Post a Comment