建立正確觀念,退休準備更周全 ~ 私校教職員退休理財 ~

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建立正確觀念,退休準備更周全 ~ 私校教職員退休理財 ~. 鎮明常 博士 國立中正大學企業管理系 副教授 2011.3.30. 講師簡歷. 鎮明常 博士 紐約州立大學水牛城校區管理經濟及財務博士 國立中正大學企業管理學系暨研究所副教授 國立中正大學產業發展與預測中心主任 國立中正大學管理學院亞太金融創新學程執行長 國家文官培訓所個人財富管理講師 美國帝波大學 MBA 邀請演講學者 南澳大學 CMBA 邀請演講學者 寶來曼氏期貨股份有限公司獨立董事 退休基金會 、 台灣財務學會終生會員. 專長 公司財務管理 證券投資分析 財富管理 金融市場與機構 - PowerPoint PPT Presentation

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    100502

    100254

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    Sheet1

    5(%)(%)

    100%297.58-29.678.01

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    60%+40%195.74-7.027.70

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    Sheet2

    % Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% Growth% GrowthAnn Comp Ret

    TR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LCTR LC

    5Y 1990/08/315Y 1990/09/285Y 1990/10/315Y 1990/11/305Y 1990/12/315Y 1991/01/315Y 1991/02/285Y 1991/03/295Y 1991/04/305Y 1991/05/315Y 1991/06/285Y 1991/07/315Y 1991/08/305Y 1991/09/305Y 1991/10/315Y 1991/11/295Y 1991/12/315Y 1992/01/315Y 1992/02/285Y 1992/03/315Y 1992/04/305Y 1992/05/295Y 1992/06/305Y 1992/07/315Y 1992/08/315Y 1992/09/305Y 1992/10/305Y 1992/11/305Y 1992/12/315Y 1993/01/295Y 1993/02/265Y 1993/03/315Y 1993/04/305Y 1993/05/315Y 1993/06/305Y 1993/07/305Y 1993/08/315Y 1993/09/305Y 1993/10/295Y 1993/11/305Y 1993/12/315Y 1994/01/315Y 1994/02/285Y 1994/03/315Y 1994/04/295Y 1994/05/315Y 1994/06/305Y 1994/07/295Y 1994/08/315Y 1994/09/305Y 1994/10/315Y 1994/11/305Y 1994/12/305Y 1995/01/315Y 1995/02/285Y 1995/03/315Y 1995/04/285Y 1995/05/315Y 1995/06/305Y 1995/07/315Y 1995/08/315Y 1995/09/295Y 1995/10/315Y 1995/11/305Y 1995/12/295Y 1996/01/315Y 1996/02/295Y 1996/03/295Y 1996/04/305Y 1996/05/315Y 1996/06/285Y 1996/07/315Y 1996/08/305Y 1996/09/305Y 1996/10/315Y 1996/11/295Y 1996/12/315Y 1997/01/315Y 1997/02/285Y 1997/03/315Y 1997/04/305Y 1997/05/305Y 1997/06/305Y 1997/07/315Y 1997/08/295Y 1997/09/305Y 1997/10/315Y 1997/11/285Y 1997/12/315Y 1998/01/305Y 1998/02/275Y 1998/03/315Y 1998/04/305Y 1998/05/295Y 1998/06/305Y 1998/07/315Y 1998/08/315Y 1998/09/305Y 1998/10/305Y 1998/11/305Y 1998/12/315Y 1999/01/295Y 1999/02/265Y 1999/03/315Y 1999/04/305Y 1999/05/315Y 1999/06/305Y 1999/07/305Y 1999/08/315Y 1999/09/305Y 1999/10/295Y 1999/11/305Y 1999/12/315Y 2000/01/315Y 2000/02/295Y 2000/03/315Y 2000/04/285Y 2000/05/315Y 2000/06/305Y 2000/07/315Y 2000/08/315Y 2000/09/295Y 2000/10/315Y 2000/11/305Y 2000/12/295Y 2001/01/315Y 2001/02/285Y 2001/03/305Y 2001/04/305Y 2001/05/315Y 2001/06/295Y 2001/07/315Y 2001/08/315Y 2001/09/285Y 2001/10/315Y 2001/11/305Y 2001/12/315Y 2002/01/315Y 2002/02/285Y 2002/03/295Y 2002/04/305Y 2002/05/315Y 2002/06/285Y 2002/07/315Y 2002/08/305Y 2002/09/305Y 2002/10/315Y 2002/11/295Y 2002/12/315Y 2003/01/315Y 2003/02/285Y 2003/03/315Y 2003/04/305Y 2003/05/305Y 2003/06/305Y 2003/07/315Y 2003/08/295Y 2003/09/305Y 2003/10/315Y 2003/11/285Y 2003/12/315Y 2004/01/305Y 2004/02/275Y 2004/03/315Y 2004/04/305Y 2004/05/315Y 2004/06/305Y 2004/07/305Y 2004/08/3120Y 1989/08/31

    To 1995/08/31To 1995/09/29To 1995/10/31To 1995/11/30To 1995/12/29To 1996/01/31To 1996/02/29To 1996/03/29To 1996/04/30To 1996/05/31To 1996/06/28To 1996/07/31To 1996/08/30To 1996/09/30To 1996/10/31To 1996/11/29To 1996/12/31To 1997/01/31To 1997/02/28To 1997/03/31To 1997/04/30To 1997/05/30To 1997/06/30To 1997/07/31To 1997/08/29To 1997/09/30To 1997/10/31To 1997/11/28To 1997/12/31To 1998/01/30To 1998/02/27To 1998/03/31To 1998/04/30To 1998/05/29To 1998/06/30To 1998/07/31To 1998/08/31To 1998/09/30To 1998/10/30To 1998/11/30To 1998/12/31To 1999/01/29To 1999/02/26To 1999/03/31To 1999/04/30To 1999/05/31To 1999/06/30To 1999/07/30To 1999/08/31To 1999/09/30To 1999/10/29To 1999/11/30To 1999/12/31To 2000/01/31To 2000/02/29To 2000/03/31To 2000/04/28To 2000/05/31To 2000/06/30To 2000/07/31To 2000/08/31To 2000/09/29To 2000/10/31To 2000/11/30To 2000/12/29To 2001/01/31To 2001/02/28To 2001/03/30To 2001/04/30To 2001/05/31To 2001/06/29To 2001/07/31To 2001/08/31To 2001/09/28To 2001/10/31To 2001/11/30To 2001/12/31To 2002/01/31To 2002/02/28To 2002/03/29To 2002/04/30To 2002/05/31To 2002/06/28To 2002/07/31To 2002/08/30To 2002/09/30To 2002/10/31To 2002/11/29To 2002/12/31To 2003/01/31To 2003/02/28To 2003/03/31To 2003/04/30To 2003/05/30To 2003/06/30To 2003/07/31To 2003/08/29To 2003/09/30To 2003/10/31To 2003/11/28To 2003/12/31To 2004/01/30To 2004/02/27To 2004/03/31To 2004/04/30To 2004/05/31To 2004/06/30To 2004/07/30To 2004/08/31To 2004/09/30To 2004/10/29To 2004/11/30To 2004/12/31To 2005/01/31To 2005/02/28To 2005/03/31To 2005/04/29To 2005/05/31To 2005/06/30To 2005/07/29To 2005/08/31To 2005/09/30To 2005/10/31To 2005/11/30To 2005/12/30To 2006/01/31To 2006/02/28To 2006/03/31To 2006/04/28To 2006/05/31To 2006/06/30To 2006/07/31To 2006/08/31To 2006/09/29To 2006/10/31To 2006/11/30To 2006/12/29To 2007/01/31To 2007/02/28To 2007/03/30To 2007/04/30To 2007/05/31To 2007/06/29To 2007/07/31To 2007/08/31To 2007/09/28To 2007/10/31To 2007/11/30To 2007/12/31To 2008/01/31To 2008/02/29To 2008/03/31To 2008/04/30To 2008/05/30To 2008/06/30To 2008/07/31To 2008/08/29To 2008/09/30To 2008/10/31To 2008/11/28To 2008/12/31To 2009/01/30To 2009/02/27To 2009/03/31To 2009/04/30To 2009/05/29To 2009/06/30To 2009/07/31To 2009/08/31To 2009/08/31

    Rank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by TableRank by Table

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    Citigroup 3 Months Treasury Bill TR25.325.0924.8924.724.5324.3924.2924.1724.0824.0223.9623.9123.8723.8523.8523.8823.9424.0524.1524.2724.3924.5324.6824.8425.0225.2425.4725.6825.8926.1126.3226.5626.7927.0127.2227.4227.6327.8328.0228.1728.328.4428.5728.728.7928.8628.928.9328.9628.9928.9928.9628.9128.8828.8628.8328.8228.8128.8128.8128.8428.928.9829.0729.1629.2529.2829.329.2629.1829.0528.928.7328.5528.3228.0627.7327.3827.0526.6926.3325.9625.6225.2624.924.5524.1823.8223.4323.0222.6522.2321.8321.4221.0320.6320.2219.8219.4319.0918.7418.418.0817.7217.3817.0316.6916.3516.0115.715.3815.0814.7814.4814.1913.913.6113.3313.0712.8112.5512.312.0411.811.5711.3711.2511.1711.1511.1911.2611.3611.4911.6311.812.0212.2912.5912.8713.1913.513.814.0914.3814.6814.9515.2115.4315.6415.851616.1116.1616.216.2416.316.3816.4616.5116.5216.4716.416.3316.2616.1916.1216.0415.9415.834.07

    Citigroup WGBI TR USD73.7875.6969.4468.5568.6562.5161.6367.4964.2964.5467.5967.2364.6959.1360.4360.0450.949.5249.2349.6947.3246.8144.5240.1336.2437.7544.5444.6243.3342.2440.6237.1236.4435.435.8935.6835.3140.8445.2544.2445.943.4139.7140.2640.0538.934.5336.7437.8538.9936.7337.1936.4730.8226.6423.2417.0514.7316.8314.5817.7614.9712.6713.6216.4717.7818.3315.0815.1314.7612.8213.4917.317.6916.4313.3111.2912.2313.6714.2219.3519.4823.7725.9728.2526.9523.8525.9432.6733.233.9835.7335.240.7338.2533.9729.7130.1425.7629.7132.2233.838.4640.0934.1537.5140.2736.2138.7938.5942.7549.4752.4153.5454.8848.2255.551.1846.3247.3851.1748.5747.7443.139.7141.6941.0143.5147.4650.6250.4147.8943.8542.442.6348.6449.7450.4953.1853.9450.2643.1635.7538.4238.2540.1242.9846.7639.0342.2443.747.8741.3933.5336.3340.838.7229.7227.7230.2534.172824.0225.3731.0334.3434.237.2836.767.57

    MSCI AC World TR USD64.6488.9170.178.4479.9377.3762.870.0572.7568.8980.8466.1768.5670.4468.285.1669.8675.3380.4585.0888.4992.37109.69118.4798.69111.08103.49103.22103.96107.72116.83113.79106.4297.86102.7498.6863.1169.1979.33100.6599.290.6388.56106.31109.53100.94111.97106.5499.19101.78106.7122.8140.53132.28130.6135116.58108.66115.6899.68110.593.6193.0575.5773.2873.858.5245.6152.4950.6345.2248.4839.9322.6224.7325.6828.7223.1320.5828.620.6514.021.85-10.73-3.75-18.64-7.12-3.52-9.31-13.85-20.78-24.31-18.32-11.89-11.79-9.867.315.892.92-1.490.11-0.214.25-0.77-7.06-2.84-5.58-8.2-7.5-4.52-6.88-4.72-8.62-5.44-2.45-10.45-8.25-3.97-6.140.3-1.946.916.1317.3118.2521.0432.0244.5939.3235.4639.7442.9853.8371.3174.0768.770.9177.5177.9573.7587.4892.97104.98120.38119.3159.61151.29127.82136.64123.84128.59126.19119.38110.889.9181.0273.0950.5613.864.852.22-8.06-18.51-11.281.6110.918.1521.5725.156.03

    MSCI EM (Emerging Markets) TR USD135.72168.94163.54173.09173.64171.17132.47125.03131.59113.78123.0897.5998.47108.1794.67100.9281.4473.7173.4463.3664.7970.1298.9699.7682.8787.2948.6144.754432.0743.4544.8840.0817.612.242.77-32.64-30.89-29.9-27.29-38.51-40.58-38.92-23.99-12.84-16.21-4.06-12.13-21.12-24.65-21.63-9.9210.4124.2929.2429.0511.81.775.04-2.550.29-8.03-11.3-17.59-19.18-14.15-19.6-28.05-27.4-26.21-28.17-27.77-30.27-41.57-36.24-30.75-25.58-27.98-29.8-23.57-23.21-26.53-35.5-41.28-31.68-40.7-24.45-16.19-20.88-14.53-24.69-29.87-22.78-4.113.2516.6475.165.8662.8352.1765.674.380.5861.632.0530.2117.4718.6222.4734.0834.4334.825.3424.9934.224.7534.1444.8544.7563.464.0696.5298.04134.98143.03137.61157.54188.16194.18160.32165.21187.33197.74255.22250.36240.87230.06215.93209.02203.21215.24236.3280.77334.07318.54421.01443.86372.8390.79331.57376.44364.44361.13338.36273.42238.44191.92139.1160.0946.2547.0432.8819.8835.3871.99105.53101.88128.77118.8510.74

    Total Average (0)

    100%100.18128.925116.82125.765126.785124.2797.63597.54102.1791.335101.9681.8883.51589.30581.43593.0475.6574.5276.94574.2276.6481.245104.325109.11590.7899.18576.0573.98573.9869.89580.1479.33573.2557.73552.4950.72515.23519.1524.71536.6830.34525.02524.8241.1648.34542.36553.95547.20539.03538.56542.53556.4475.4778.28579.9282.02564.1955.21560.3648.56555.39542.7940.87528.9927.0529.82519.468.7812.54512.218.52510.3554.83-9.475-5.755-2.5351.57-2.425-4.612.515-1.28-6.255-16.825-26.005-17.715-29.67-15.785-9.855-15.095-14.19-22.735-27.09-20.55-7.9950.733.3941.20535.87532.87525.3432.85537.04542.41530.41512.49513.6855.9455.217.48514.7813.77515.048.369.77515.8757.1512.94520.4419.30531.8531.0651.71552.08576.14580.6479.32594.78116.375116.7597.89102.475115.155125.785163.265162.215154.785150.485146.72143.485138.48151.36164.635192.875227.225218.92290.31297.575250.31263.715227.705252.515245.315240.255224.58181.665159.73132.50594.83536.97525.5524.6312.410.68512.0536.858.2255.01575.1772-29.67

    0.8+0.294.9118.278107.344114.322115.158111.91890.43491.5394.59485.97695.08678.9579.7583.2777.23486.4470.769.5271.40269.31470.77674.35892.36495.31879.87286.89869.74868.11267.8564.36472.23670.89265.88853.26849.1747.71619.2523.48828.82238.19233.45628.70227.79840.9846.68641.67250.0745.11238.79838.6541.37452.5967.6768.79269.26470.26854.76247.11851.65441.76847.86837.22635.23425.91624.93427.41619.23410.0413.06212.729.38410.9827.324-4.042-1.3180.6343.5140.506-0.9544.8562.846-1.108-8.706-15.61-8.522-18.346-7.858-2.696-5.542-4.712-11.392-14.526-9.41.758.2349.50638.90634.72831.45226.21432.72836.39641.62432.3516.82618.4512.8111.4113.74619.54219.5721.92617.1718.52823.67615.36421.45626.58824.70834.95635.08251.08651.21669.53672.45471.79884.026101.802102.89288.43692.062101.702109.398139.092138.298133.556130.336127.474125.424121.572131.14140.34161.45189.464182.786240.272246.656209.6218.778190.612210.752205.826200.482186.37152.598135.944113.74881.81235.12426.4926.53815.5285.35214.71435.64653.44450.85267.59264.952-18.346

    0.6+0.489.62107.63197.868102.879103.53199.56683.23385.5287.01880.61788.21276.0275.98577.23573.03379.8465.7564.5265.85964.40864.91267.47180.40381.52168.96474.61163.44662.23961.7258.83364.33262.44958.52648.80145.8544.70723.26527.82632.92939.70436.56732.37930.77640.845.02740.97946.18543.01938.56138.73540.21348.7459.8759.29958.60858.51145.33439.02142.94834.97140.34131.66229.59322.84222.81825.00719.00811.313.57913.2310.24311.6099.8181.3913.1193.8035.4583.4372.7027.1976.9724.039-0.587-5.2150.671-7.0220.0694.4634.0114.766-0.049-1.9621.7511.49515.73815.62236.60733.58130.02927.08832.60135.74740.83334.28521.15723.21519.67517.6120.00724.30425.36528.81225.9827.28131.47723.57829.96732.73630.11138.06239.10450.45750.34762.92764.26864.27173.27287.22989.03478.98281.64988.24993.011114.919114.381112.327110.187108.228107.363104.664110.92116.045130.025151.703146.652190.234195.737168.89173.841153.519168.989166.337160.709148.16123.531112.15894.99168.78933.27327.4328.44618.64610.01917.37834.49248.66846.68960.01457.904-7.022

    0.4 0.4 0.274.64486.86479.48282.66683.0879.5968.56470.84671.467.15472.61264.42664.05664.14461.51666.00855.40854.42655.354.41854.46256.12864.47464.66655.81259.82253.3352.57852.10250.07653.56851.89449.23442.65640.79640.04625.74429.56233.5938.00236.15833.06231.52638.30841.11638.27841.17439.36436.54636.8237.50443.24450.55849.41848.39647.87238.2633.7436.63831.0235.0328.88427.21422.85823.2424.89220.97215.40416.92216.62414.34815.31814.5988.9969.9349.92210.699.3989.03412.03212.49410.4827.9025.0389.1943.8228.06211.19811.71612.2089.0287.90210.22617.37819.79819.0732.4130.3727.3425.83829.77832.01835.96631.74622.13423.88421.82419.83821.71224.48825.68628.8227.26428.22231.1424.92830.131.31428.86434.25435.40242.57442.33850.05850.45450.6856.56666.18867.91461.64263.40667.4970.15284.59284.29883.77482.54881.40281.2479.60683.34885.87894.268109.134105.804135.162139.264121.914124.226111.148121.686120.496115.89106.48490.44683.47271.76653.11429.1825.62426.81419.44413.14818.2230.3740.24838.89448.16846.673.822

    0.2 0.6 0.269.36476.21770.00671.22371.45367.23861.36364.83663.82461.79565.73861.49660.29158.10957.31559.40850.45849.42649.75749.51248.59849.24152.51350.86944.90447.53547.02846.70545.97244.54545.66443.45141.87238.18937.47637.03729.75933.937.69739.51439.26936.73934.50438.12839.45737.58537.28937.27136.30936.90536.34339.39442.75839.92537.7436.11528.83225.64327.93224.22327.50323.3221.57319.78421.12422.48320.74616.66417.43917.13415.20715.94517.09214.42914.37113.09112.63412.32912.6914.37316.6215.62916.02115.43318.38715.14615.98918.35721.26921.68620.37120.46621.37627.12327.30225.18630.11129.22325.91726.71229.65131.36935.17533.68126.46528.64928.68926.03827.97329.2531.48135.70636.07436.97538.94133.14238.61137.46234.26737.3639.42441.94541.46943.44942.26843.15345.81251.61554.05652.18852.99354.03753.76560.41960.38162.54562.39962.15663.17962.69863.12861.58362.84371.37369.6785.12488.34581.20479.28974.05579.92381.00776.11768.27461.37959.68653.00940.09127.32926.56428.72222.56217.81520.88429.21635.47234.73140.5939.62212.329

    Sheet3

    Ann Comp Ret

    TR LC

    20Y 1989/08/31

    To 2009/08/31

    Rank by Table

    Univ

    Value

    4.07

    7.57

    Name6.03

    Citigroup 3 Months Treasury Bill TR10.74

    Citigroup WGBI TR USD

    MSCI AC World TR USD

    MSCI EM (Emerging Markets) TR USD8.385

    7.033

    *

    *V.S

    * ()

    * --

    *

    *

    *

    *

    *

  • *

    1.52.51.2.1.2.

  • *V.S

    *200850707910

    *

    *+++()++++

    *

    0~15 15~30 30~50 50~70

    *

    *

    *

    ~

    *

    *www.pension.org.tw

    *

    *

    A

    ***5*30* 67

    *5,0006% 253511015525

    ******