I was recently informed about this fund. Not sure how good it is in 2-3 year term. So would appreciate some insight from you all.

Here's what ive found out:

The Fund’s objective is to manage a unique blend of physical and insured commodities trading, utilising a proprietary system that exploits arbitrage opportunities in short term commodity contracts. This strategy capitalises on the global demand for certain commodities and at the same time the methodology minimises risk and volatility. The primary focus of the Fund is currently precious metals.

Unlike “long only” Funds, Kijani’s unique approach ensures that profits are made over relatively short trading cycles. It is not necessary for the price of a particular commodity to rise in order for the Fund to make a profit. The Fund is not correlated to Commodity prices, Equities or Bonds.

This fund is based at Mauritius but fund investors come from US, Europe, UK & South Africa.

The Fund operates within a Protected Cell of the Four Elements PCC, an Open Ended Collective Investment Scheme Established in 2008 and regulated by the Mauritius Financial Services Commission. The Protected Cell Company (“PCC”) was introduced in Mauritius in 2000 and is governed by the Protected Cell Companies Act 1999 (the “Act”).

The concept of a PCC is that a company, while it remains a single legal entity, may create segregated cells (each, a “Cell”) such that the assets and liabilities of each Cell are legally separate from the assets and liabilities of any other Cell. The segregated cell concept is well established in the financial world and also exists in various other jurisdictions (the Cayman Islands & the Channel Islands) and is also referred to as a segregated portfolio company. The concept has been more widely used in the last five to ten years and has become increasingly well understood and recognised in the financial industry.

Fund Manager
RDL Management Ltd which is part of the Stonewood Group which manages assets worth US$ 15 billion in Mauritius, South Africa & Switzerland.

Fund Investment Advisor
The fund’s Investment Adviser is Lancelot Investments SARL, a privately-owned Swiss Boutique Investment Manager.

Fund Auditor
Ernst & Young

Fund Prospects
The fund begun in Jan 2011 and is targeting an annual return of 20% when mature. In the past 12 months ending Jan 2014, the fund generated a 16.80% profit.


Kijani Homepage:
http://www.kijanifund.com/index.html
http://www.rlaa.co.uk/kijani/

Bloomberg:
http://www.bloomberg.com/quote/FKIJCOM:MP

sounds fishy to me when i see the keyword:

"Swiss"
"Mauritius"
"20%"
"Mauritius Financial Services Commission"

and also lack of information on the website unlike a proper investment house.

No la. Tis aint one of those scams. Whats wrong with a 20% potential return? Other commodity based funds can potentially get you up to 50% return but u can also lose 100%. Thats the risk.

Just google Kijani Commodity Fund and ull see all the articles. Even Bloomberg tracks this fund among others.

It may be kosher but with a backload of 4% or redemption of 4% charges.. siau man (on top of 2% annual mgt fees)

In addition, not even 1 yr old (the fund's "life")? sorry, IMHO, akin to uninformed speculation.
Just personal POV & thoughts

This post has been edited by wongmunkeong: Feb 4 2014, 10:18 PM

Then what kind of fund is better? ANything in particular?

One question, how you came across it in the first place?

As no fund is allowed for fund raising locally without SC approval in the first place, aka you shouldn't come across any overseas fund (even the legitimate or famous in the financial world) that advertise locally and engage activities locally without SC approval.

for me? any funds that have at least a 3 year record which i can check its sharpe ratio, CAGR and other stats VS benchmark VS competitors
anyhow, the 4% backload is a HUGE KILLER
2% backload already i tak main, 4%?!! nuts

BTW, any dog and its fleas can say "20% potential returns" or even 50%.
Like U mentioned, downside may be 100% heheh.
In addition, the "issues" with putting $ into this vehicle & taking $ back out (foreign, not in MY, etc.) - unless one has like USD100K or more, then perhaps worth the effort gua... still.. looking at the 4% backload... yeouch!

This post has been edited by wongmunkeong: Feb 4 2014, 10:46 PM

Nope wasnt advertised locally. A forumer here told me about it and i did some research.

Saw you looking actively at investments with promised high returns recently (the other one you asked is CAG). Just a word of caution. There is no short cuts in investment. High risk high return. Low risk low return. When you are greedy, that is when you are willing to take a lot more risk including potential scams

I'm just KPC.....

Of course i know that. I aint some noob investor. IM asking questions. Doesnt mean im gonna dump all my money tomorrow. I'll surely do my research. But right now i need more info.

Ok ok apologies if you are offended. By the previous posts and thread you started, you sound desperate. Sorry for being KPC

My take on Kijani - invest if you have big risk appetite. No risk no gain

Nop. Aint offended.

Why based in Mauritius, not Singapore, Hong Kong or London? Lax supervision and regulation?

Its a Mauritius fund so obviously based there right?

Since I was the one who brought this matter up, I should at least pen some comment:

This fund is not your usual buy-hold strategy utilised by many funds. It is actively managed aka heavy traded on actual commodities (not on commodities producing companies). Hence it is a very good diversification on your typical equities/bond portfolio.

This fund is non-SC regulated and is only available from Licensed Financial Planner who usually have access to international fund.

Is this fund good for you?

Well, if you are already fully invested in your usual equity/bond portfolio, commodities will offer an additional risk reduction mechanism on your portfolio without compromising on your return.

As for the 4% back end load, at least they are upfront on it, telling you as it is. They are no hidden charges. Think of it this way, local jaguh kampung funds charge up to 5.5% (Public Mutual), 6.5% from RHB-OSK sales charge, so 4% is not something extraordinary.

Why Mauritius?

Tax efficient country.

OK, I'll stop here. I am begining to sound like an agent for this Kijani fund.

Xuzen

Xuzen kor - front load of 5.5% VS backload of 4% - long term, statistically 4% backload cost more right?
assuming equity grows - the more it grows, the heavier the 4% backload hit will be.

Not backing jaguh kampung yar, just cost comparison of front vs backload

Just a thought

Securities Commission approved? Else, better stay away. Just my 1 sen.

Which SC approval do you need?

Any further info on the viability of this fund?