Hi situ,

Have you heard of this Evergreen Fund from hong leong bank?
It is very aggressive which is combination of REITs, unit trust, mutual fund, stock and etc.
The package seems to be very promising on the return rates and too rewarding.

http://www.hlb.com.my/pfs/ins/inshlss.jsp?flag=inshlss

Have anyone heard of it? Mind to share your thoughts?

Arigato!

It's basically another saving plan or income builder plan.

Sounds a lot like the CIMB Islamic investment plan...many have commented that it ended up delivering sub-par returns for the risk undertaken.

This:
https://forum.lowyat.net/index.php?showtopic=805771&hl=

This post has been edited by Pink Spider: Jul 21 2013, 04:56 PM

What do u mean by "delivering sub-par returns" ?

Means the profit (if any) does not match up for the level of risk that u are putting yourself into.

What is your opinion in these kind of investment plan ?

you can get much better investment out there than locking up your money for so many years and may end up losing money due to insurance charges eat up your profit..

FYI: it IS linked to the same CIMB islamic investment plan that pink spider brought up.

it's like A -> B -> C

A is HLB, B is Hong Leong Assurance, C is CIMB Islamic

Really? How u know?

If really that's the case, then don't bother

Really.

And i do research...

By referring latest HLA investment linked funds performance reports,

Types of funds:

Evergreen 2023 decline in NAV/units to RM0.887 compared FY 2012 @ RM0.907.
Evergreen 2025 increase in NAV/units to RM0.859 compared FY 2012 @ RM0.858.
Evergreen 2028 decline in NAV/units to RM0.824 compared FY 2012 @ RM0.843.
Evergreen 2030 decline in NAV/units to RM0.805 compared FY 2012 @ RM0.846.
Evergreen 2035 decline in NAV/units to RM0.769 compared FY 2012 @ RM0.819.

- The only lucky fund HLA Evergreen 2025 with annual return @ 0.12%????

- Any experts/agent from HLA may describe this events before i pull out my funds from this kind of slow moving fund?

- My POV is simple, y i need to invest in this type of return [0.12% p.a] instead of i'm save it in my bank account/savings a/c which also can generated more than that \o/. No need to compare with property investment which valued better than this fund.

To the agents: please make me clear on this product or else HLA gonna give a good reason on why the fund appears to be slow moving funds with low income generated. Thank you.

you will lose alot if you pull out

did those funds made any dividend distribution for those period?

If it's insurance linked, will lose a lot if surrender. Is this insurance linked ?

I am not sure.. hehe

now they make this as investment link product, they call it HLA evergain where 80% premium go to the fund and 20% will go to life insurance... the unique feature for this is upon maturity they will buy back your units with highest unit price that the fund have reached within the tenure (from min 9 years to 21 years), some sort of guaranteed return that they will buy back at locked highest price upon maturity ... so anyone in the known care to explain the pros and cons?

1) your agent lied. it's ILP. your first year premium, only 40% (or 45% i don't remember, HLA increased it) goes to the investment... from that investment, insurance company will deduct the charges (insurance, admin, fund management)

2) And the 80% 20%... also wrong info... 80% of that 40% will be invested into EverGreen fund (the unique feature applies to the FUND NOT the insurance product). 20% of that 40% will be invested into low risk fund for deduction of the charges stated in 1).

The unique feature, no doubt is great cause there's minimum unit price that they guarantee for you at maturity.

3) so i just visited the cacated website... and got some figures from it. the below are from the website, if you look properly. LOL. i just happened to know which figures means what.

link

take the example of the one maturing in 2023, in 9 years time...

current price 0.9014
Current guaranteed price 1.2358 (this can be higher but not lower, if fund perform good, then higher lo)

I buy this at 0.9014... 9 years later i cash in at 1.2358

so... 0.9014*(1.0357)^9=1.2358

so compounding get about 3.57% p.a return. (approximately, just to illustrate)
this is purely on the investment side. you need to factor in the cost of the entire insurance policy.

4) So... i like the feature... say if i have a kid, i'm saving for his/her education, i want a relatively low risk investment, then i go for something like this but if FD giving similar return, well, hmm... but... you need to understand is... this is INSURANCE, INVESTMENT-LINKED POLICY.

5) the returns will definitely be lower from what i illustrated because of other charges. Of course, if investment return is good, then maybe can earn more, but... this will depend on how CIMB because ultimately, the investments is invested with CIMB Evergreen

of course, other investment also got charges and risk...

Questions?

Edit: wrong used of ^ previously. Fixed

This post has been edited by adele123: Jul 23 2014, 11:19 PM

So it is a no go since compounding is only 3.5%...

D guarantee price upon maturity -v- current price upon entry is almost similar to CIMB Max InvestSave (100% investment)

It's almost similar because it is essentially the same thing. I have explained the 'mechanics' in previous post, up there.

But fyi the person who asked.... This investment has not been performing well since inception... Though it's better now... Only slightly...