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 ?

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

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.

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.

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.

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.

What you said is true but then you must not forget that many uncles and auntie are not so well versed with these investement scheme and they just trust the so-called bank's financial consultants or wealth management officers. In a way, you just believe that they are helping you to grow your welath rather than putting your money in FD and so follow their 'professional' advice.

Making money from Unit Trust also depends on the timing of your entry. You have to do some study on the performance of each of the unit trust funds after consulting the unit trust salesperson. They will normally recommend some funds that are historically making good returns. You need at least 5 years to see the returns.

For my case, I invested in 2005 using EPF money in Public Equity Fund and it gave me a returns of 80% when I redeemed at the start of 2013. In 2008, the investment was actually losing money when the world market crashed but somehow it recovered after that, for a gain of 80%. So, there is still risk in unit trust investment.

Anyone out there had invested in OSK-UOB Capital Protected One Advantage Fund which had just matured on 7/6/13 after 4 years.

On the final week of 7/6/2013, the price drop from 1.1082 to 1.0270. This is the biggest weekly price drop.

I am very suspicious that the price might have been manipulated, causing losses to the investors who had bought the fund at 1.05 inclusive of service tax.

Do I have a case to complain to the relevant authority ? And hope to get them to investigate the matter with the bank ?

Please advise, anyone ???