If strictly to the defination and usage of IRR (Internal Rate of Return), answer is no.
IRR is on a series of purchases at various times, and it is the common returns on each purchase.

(When the annualised rate is on a single purchase, CAGR (Compound Annual Growth Rate) is the term; to avoid abuse and confusion btw IRR and CAGR.)

The following figures as an example; with the purchases in negative, and their respective current values:
1/1/2014 1/10/2015 -1000 1150
1/6/2014 1/10/2015 -500 575
1/1/2015 1/10/2015 -500 575
1/6/2015 1/10/2015 -500 575
1/9/2015 1/10/2015 -1000 1150

Note that each of the purchases have the same growth/return/ROI of 15%.
Their respective CAGR will be, using 1/10/2015 as the current date:
8.32%
11.04%
20.55%
51.91%
447.63%

And the IRR is 16.71%.

Q. Does the 16.71% reflect the "true returns"?
A. There is no such thing as "true". IRR is the common representative figure that when applies to each purchases, it will gives the sum of all the returns.

In other words, if the CAGR of each purchase is 16.71%, the current value of the whole portfolio after some calculations will add up to 4025.

Clear?

============

The IRR was calculated using excel function XIRR. The formula is: =XIRR(C1:D5,A1:B5), where A1:B5 are the dates, and C1:D5 are the purchase costs and their respective current values.

As usual, RHB ATR NAV is not updated yet

thanks, never know i can get credit points like that, but surely there is a 'cost' right? FSM cant be that generous dishing out free credit points for us to abuse.... Off hand i think the 'cost' is our money will be 'on hold' and "nonproductive" for that time few days? while moving from Eq to Bond and back to CMF, compared to switch sell direct to CMF.

I am not buying that RHB IPO, as i diverted them to FD promo 4.5% and now 4.6%. I guess u also not buying right?


That's great.

Thanks for your effort. I am abit blur after reading that.

I think Polarzbearz excelfile is quite clever, somehow that 142.33% IRR from new purchase did not really distort overall IRR on my previous old purchases that much.

I did an experiment on it, I deleted that new purchase, removed that exaggerated 142.33% IRR,
and overall IRR just reduced a little bit only, from 10.11% to 10.10%.

Is this in line with your calculations above?

Does it has holdings in Hong Kong?
Hong Kong on holiday yesterday, so some funds not pricing on 21-Oct.


You got it right. Was thinking maths logic on "True" or "False" when writing the above 'answers' of whetther it was "True" or not.

IRR is the calculated % on the returns in a cash flow - money going in & out, and gives a good picture of how the returns is doing. Not easy for a single transaction to distort the overall picture.

Bloomberg has the NAV for 21/10. Suggested you to use Bloomberg ady

Btw, hnws join this thread ady. Suddenly 70+ new post

Yes, around 7% @ Jul 2015

RHB Asian Total Return:
Price of 0.6208 from the RHB site http://www.rhbgroup.com/products-and-servi...nt/fund-prices/

FSM still showing 20/10 price of 0.6191

- The RHB site has the worse webpage on prices ever!

- It is an income fund feeding into United Asian Bond Fund, based in Singapore. So guess maybe not really affected by holiday in Hong Kong.

- YTD Return 23.52%. Making extraordinary gains from the weak ringgit which dropped about 25%.

This post has been edited by j.passing.by: Oct 22 2015, 09:47 PM

nothing fancy,....just increase HJpn from 3.5% to 8.5% and reduced HSO.

Tun Ramjade?

Noted. Invest rationally.

XD. Maybe ? XD

Btw. 2 out of 4 if my funds gone green lieu. Happy or sad. Lmao! !!!

happy lor

U track each n every of his new posting or stalker?

I still got two funds under the water:

CIMB-Principal PRS Plus Asia Pacific Ex Japan Equity - Class C | -0.2%
Affin Hwang Select Asia (Ex Japan) Opportunity Fund | -0.8%

US n Europe up after Draghi hint new stimulus on d way

I'm surprised u still keeping this

I bought it in April this year since I don't have exposure in Bolehland.

Apr till now...almost same same as Ponzi 2.0 wor


Attached thumbnail(s)

Aberdeen is optimistic on Malaysia's equities market

http://www.theedgemarkets.com/my/article/a...?type=Corporate

It's Bolehland exposure very small only nia

Kenanga Growth, Eastspring Equity Income, AMB Dividend Trust or Affin Hwang Select Opportunity better fits the bill

This post has been edited by Pink Spider: Oct 22 2015, 11:40 PM