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 RHB islamic bond value drop more than 8%, what should I do ?

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howszat
post Nov 5 2011, 09:51 AM

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QUOTE
For RHB Islamic Bond Fund, this means that the Fund may probably write-back from the zero value that it currently ascribed to the Tracoma Bond, resulting in the recovery of its NAV in the future. However, the timeline as to how long the liquidation process and the recovery from write-back may take remains unknown.
Going by that, if you can hold on, there is a chance the NAV may recover partially from this.

Note that another bond fund, non-Islamic RHB Bond Fund did something similar - ie recorded 2 sharp drops in the past few years.

Makes you wonder.
howszat
post Nov 5 2011, 10:17 AM

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Makes you wonder why when normally bond funds do not drop like that, but the RHB ones seems to do so.
howszat
post Nov 5 2011, 10:29 AM

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Went beyond what the prospectus said? blink.gif

Just noticed this:
QUOTE
Based on Tracoma 2010 Annual Report, it is estimated that its bondholders could possibly recover around 70% - 80% of the bond value.


This post has been edited by howszat: Nov 5 2011, 10:38 AM
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