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i bought a insurance from south east asia insurance under triple protection plan. some of my fund do have unit trust fund. ( Amanah Saham Dana pertama). If i want to check my status. Where should i look for. ?any one can solve my problem please........ and thanks

No longer hv South East Asia Insurance anymore, hv change to Uni-Asia.

This post has been edited by felixmask: Jun 10 2013, 01:23 PM

so where i can check for it?

Google Uni-AsiaLife


http://www.uniasialife.com.my/uniasia_life/index.php

i did call to uniasia , they said cannot find my policy, end up they pass my call to many people.
still can not find it. plan to go to their office to check it

Four years ago, I invested in OSK-UOB Capital Protected ONE Advantage Fund through UOB. The fund matured on 7/6/2013 and when I called up to inquire about the redemption, I was told I will only get back my capital. This means the return is zero within this four years.

If I had kept my money in FD for 4 years, the compounded interest will be around 14.5%.

I am very dissapointed with how the fund was managed and it is hard to believe there is zero return and stock price has gone up, properties has gone up and how can the unit trust not making any profit?

Has anyone encounter such predicatement ?

Pls complain to BNM, happen to my aunty.

Becoz they change system, no one know how te old system work

I dont hv capital protected fund. But i have fund with OSK_UOB, till today the NAV still below inital NAV in 2007 launching.

Worst more no even distribution declare, like throwing money to deep sea.

Four years ago, I invested in OSK-UOB Capital Protected ONE Advantage Fund through UOB. The fund matured on 7/6/2013 and when I called up to inquire about the redemption, I was told I will only get back my capital. This means the return is zero within this four years.

If I had kept my money in FD for 4 years, the compounded interest will be around 14.5%.

I am very dissapointed with how the fund was managed and it is hard to believe there is zero return and stock price has gone up, properties has gone up and how can the unit trust not making any profit?

Has anyone encounter such predicatement ?


The OSK-UOB Capital Protected ONE Advantage Fund has maturity date (4 years duration) and I suppose the one that you invested doesn't have a maturity date.

For that matter, I would recommend Public Mutual. I had invested in Public Mutual Public Equity fund in 2005 and it gave a return of 80% when I redeem it at the beginning of this year.

There could be something not right with the UOB fund managers. Other funds are giving reasonable returns and not UOB. sigh !



This post has been edited by mikey5925: Jun 12 2013, 02:09 PM

PLAN to complain ?

Did they explain why since the fund has matured?

No explanation given. Anyway, whatever explantion they give, I don't think we can challenge them. They would probably ask us to fall back to the prospectus and agreement.

Just that I am wondering how come they can't earn some returns within this 4 years after the 2008 stock market meltdown ???

And just to warn other of the risk of no returns if investing in this kind of funds. Probably UOB trained their sales people to be very convincing and hoodwinking people to invest in their funds.

Based on the price on 7 June 2013:

OSK-UOB Capital Protected One Advantage Fund | 1.0270

Let's say you bought it during IPO with NAV of 1.0000

The simple ROI is 2.7%. Deducting off the SC of 5%

You actually lost 2.3%

The NAV on 10 June 2013 is set to 0.0000

Meaning the fund should have matured and no longer in operation. I'm not sure how they're going to "close" properly. Whether they achieved the fund objective or not?

Yes, the investors will still lose due to the 5% SC.

During the caimpaign period, the sale person said UOB will also return the SC if redeem upon maturity. Don't know whether it is true. I have to wait for UOB to credit the money back to my a/c to confirm whether they reimbuse the SC.

Otherwise it is just plain bullshit to say it is a capital protected fund.

mikey, u have no grounds for complaints, really.

Capital protected fund =/= capital GUARANTEED fund

It could even lose your capital, protection=/=guarantee

Wise up, stay away from capital protected/guaranteed funds in the future. Lazy investor="lazy"/zero returns

From the sales talk, the understanding is that in an adverse situation, I will still get back my capital. What is difference bewteen proctected & guaranteed?

Sure, I will be much wiser from this experience. The thing is that the bank recruited sales persons to mislead the customers, telling them that this fund's returns will be better than normal FD rates etc, etc. As usual, they are just sales talk and sounds very convincing, what more for the auntie & uncle not to fall into the trap.

When it's capital GUARANTEED, they guarantee that u won't lose your capital.
When it's capital PROTECTED, they manage the fund in such way that they will STRIVE to protect your capital, but you could still lose.

There is a difference.

Normally what they do is like this, they take e.g. 90% of your money and buy bonds, so that at maturity, the 90% will become 100%. Then they take the other 10% and trade/buy options/warrants. The thing about options/warrants is that, u either win (and usually win big), or u lose everything.

I am sure most layman does not know the difference. It is all up to the sales persons to explain and normally they don't bother to highlight the weakness for fear of not closing the deal.

caveat emptor

buyer should also do his/her own homework, failing which they only got themselves to (partially) blame