Actually kena di, i saw my lawyer beat the shet out of a former client in court. the former client i think was 78 years old, when he bought the time, i thinkhe was 70+

the client actually saw 80% return but didn't see the asterik*

*say annualized return for a period of 5 years.

so ya people actually thought really 80% return...

This post has been edited by aurora97: Apr 14 2015, 05:15 PM

client didnt lose his case, he just withdraw only.

when u fight with a IUTA and a fund house... make sure you bring a canon and not a knife to the fight.

like i said, layman on the street don't understand "Return" vs "Annualised Return".

A lot of fund houses those days advertise the "Annualised Return".

Here are some guide to get out of trouble.

(i) understand the difference between “Return” and “Annualised Return”. Annualised Return is only good if the Fund has more than 2 or more years performance, in gist it’s return divided by X number of years the fund is in existence (since inception).

(ii) past performance does not equate to future performance. Agents will always sell to you based on past performance cause if they represent future profits that’d be quite interesting… let me know also! (Actually possible especially for money market fund, since their rates are more or less fixed LOL, don’t come to me with money market fund)

(iii) if it’s a bit of a chore to read the entire prospectus…

Focus on….
fund type (bond, income, equity, mixed class – all this should get you a roughly gauge as to the trouble your about to get yourself into),
investment strategy (gives you an overview what the fund manager is about to do for you… bias a particular sector, country, segment etc…),
asset allocation,
income distribution,
who is the manager (example Chen Fan Fai, for those who foam from their mouth then they see EastSpring Small Cap fund, they should know who this is),
permissible investments etc…

Other unique features…
Performance fee (as Managers get orgasm from the sight of money dangling in front of them (or stripper), it makes them work a little harder and take extra risk to achieve the goal by charging you killer fees)
First to Default – the underlying product is a Credit Linked Note. One default in the underlying instrument say a bond/loan packaged into the CLN, the fund goes belly up.
Redemption (foreign funds) – may not be immediate, some take up to 3 months as the fund is valued on a quarterly basis. If you’re in need of cash, I hope you can hold on to your pants.

(iv) cross-check you info on FSM.

(v) still not sure? Post your questions on forum.

That’s all I can think of on top of my head,

thanks! am still at the age of discovery with all these terms.

I think my fund house uses another variant of cumulative returns called annualised time weighted rate of return.

Securities laws in respective countries do not allow foreign funds to be sold in their respective countries, unless they go through a lenghty registration + due diligence process before it can be offered to investors.

ASEAN passport is designed to breach this barrier by allowing harmonizing Securities Laws, so that a Malaysian fund maybe sold in Singapore and vice versa.

Good to know CIMB is doing this, just means increase in fund size.

no impact.
fund size increase.
everything status quo.
more money for managers.

It's actually not a new thing, CIMB is the first to set up UCITS to sell their Malaysian funds in Europe.

not really. you didn't take into account redemption charges /management fee/trustee fee/auditors fee/tax agent fee and other misc...

oh and one more things GST on redemption charges (probably get back 3-4% return). Unless of course, your redemption charge is also 0% (in which case it will be 5%).



This post has been edited by aurora97: Apr 14 2015, 07:20 PM

Am too old for this...

Annual Report for AffinHwang Japan Growth Fun.

Fund overal performance Vs Benchmark still lose by (0.68%), even though it delivered 26.04% return since inception.

 Affin_Hwang_Japan_Growth_Fund_FYE_Feb15.pdf ( 556.17k ) Number of downloads: 9

what go up fast, will come down even faster...

i didn't expect the results.

Am very weary of the US Market (recovery is gaining momentum) now and interest rate hike (slated for July, now supposedly postponed till Sept).

I noted that my Malaysian fund (SOF via EPF and SIF via Cash) after a short rally now stagnant again. This seem to suggest that market is taking profit after some mini rallies.

You are right in that respect.

Aside from that this stiffness is killing me, I may need a massage soon too.

That’s a valid view.

Am pretty pro-Japan because Abe seem to have a game plan in mind (3 arrow principle/ 2020 Olympics), I think this 5 years can expect growth to occur at the expense of low oil/gas price and weak yen.

Preparations for Olympic is also one of the catalyst that is driving internal growth, whereas the rest of the region we can see stagnation or slow down (aside from governments ploughing monies back into the economy).

My own personal view, this fund will continue to trend upwards as 2020 approaches (be mindful of the bumps along the way)

There are some downside for those who intend to exit and take profit within a short span of time:-

(a) Repurchase Charge: Maximum 1.00% of NAV per Unit for any repurchase request of Units within the first six (6) months from the date of investment by the Unit Holders.

You buy and sell the next day (or within a 6 months period). This is to prevent people from speculating the fund especially when the fund behaves like a casino as well.

This post has been edited by aurora97: Apr 29 2015, 04:12 PM

I read from prospectus.

I suggest you check with FsM see if they got special arrangement with affinhwang or not.

If u want see prospectus, see page 12 of PDF.