Weak RM, Ratings downgrade, MGS 10Y just shot to 4% yield at closing = KO for RM denominated bonds & REITS 

So? Show hand on China fund? OSK-UOB China Big Cap?

Who is positive on OSK-UOB EMERGING OPPORTUNITY UNIT TRUST for coming 3 years?

my MNC analyser aunt looking at me and questioning me if I actually know about buying or selling funds. lol which is ah huh true, rookie ma
then she says look at REIT (im in SG, maybe she referring to SG REIT ), but so far in FSM only have AmAsia Pacific REIT and Hwang AP REITS & In right. What do you guys think about this fund?

Negative IRR on Ponzi Fund?
And your IRR on AmAP REITs still so high?
Aberdeen World

Last day of 1% SC
Apa u nak beli, bro?

AmDynamic Bond

The award-winning AmDynamic Bond ranked fifth among 36 fixed income funds on Fundsupermart.com platform and second out of 17 Malaysia bond funds on our platform. It registered a 2.0% quarterly return, bringing its year-to-date return to 3.5% in 1H 2013.

AmDynamic Bond typically has a large allocation in higher yielding AA-rated bond papers. As of 31 May 2013, AmDynamic Bond has 58.2% of its NAV in AA-rated bond papers. Heavy allocation in this lower credit rating bond segment and its medium to long duration feature partly explains the fund’s remarkable long-term performance given its higher credit risk and interest rate risk exposure.

During the past few months, the fund’s concentration risk on selected risky bond papers increased further from the elevated level, indicating the fund’s riskiness is on rising trend. For instance, the combined weighting of the fund’s top five bond holdings was 68.3% in end-May 2013, an increase by 5.7% from 62.6% in end-January 2013. These corporate bond papers entail credit risk and default risk. If the issuers of these bond papers are unable to honour their debt obligations, it will inevitably have an adverse impact on the fund performance.

Another thing to note is that there has been continuous outflow since end-October 2012 despite having an exit fee of up to 1.0% on the redemption amount for this fund. The fund size has dwindled by almost 17.9%% since then and closed at RM348.35 million in end-May 2013.

We advise investors to stay invested in this fund while acknowledging the risks as any exit movement entails redemption fee and the opportunity cost of not being able to find another bond fund with a heavier exposure in AA-rated corporate bonds.

Futures point to a rally at US today

What we can glean from that MarketWatch article:

Companies CAN make good profits even when the economy is in a bad shape
Companies CAN make good profits even when the people are suffering high unemployment, stagnant wage etc

Which brings us to question FSM and Pacific Mutual's insistence on overweighting Asia ex Japan and China in particular and on underweighting US and Europe.

Remember I used to say that the biggest multinational corporations with operations around the globe are mainly based in US and Europe?

LAST TWO MONTHS mar...how much have Dow, S&P 500 and Europe went up relative to Asia ex Japan markets in the past one year plus? FSM is already late to get onboard