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 Fundsupermart.com v13, Merry X'mas and Happy 牛(bull!) Year

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river.sand
post Dec 15 2015, 08:46 PM

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QUOTE(yklooi @ Dec 15 2015, 12:20 PM)
many posts back,...one forummer had posted that the impressive returns of Asian Total return fund was contributed largely by the depreciation of the Ringgit....
wanna take take into consideration?
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ATR Fund is a feeder fund of Asia High Yield Bond Fund. What's is performance of the latter? (I am surfing with mobile so don't feel like checking it out.)

river.sand
post Dec 15 2015, 08:50 PM

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QUOTE(Pink Spider @ Dec 15 2015, 08:40 PM)
^
Gold and silver trader warning about economic collapse is like Starbucks warning people that kopitiam coffee is low-grade and could cause health problems whistling.gif
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The so called precious metals used to be hedge against inflation, but we are facing the risk of deflation whistling.gif
river.sand
post Dec 15 2015, 10:14 PM

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QUOTE(yklooi @ Dec 15 2015, 09:45 PM)
the fund fact sheet says...."The Fund is a feeder fund that will invest principally in the United Asian Bond Fund, which is a collective investment scheme domiciled in Singapore investing in debt securities issued by Asian corporations, Asian financial institutions, Asian government and their agencies (including money market instruments) by generally maintaining an exposure of at least 70% and above in such debt securities."...

check the Bloomberg...the performance is 8.5% 1 yr return. (see image)
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So depreciation of ringgit is not the only factor which contributes to the high return of ATR.
river.sand
post Dec 17 2015, 09:08 AM

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QUOTE(yklooi @ Dec 17 2015, 02:13 AM)
doh.gif  just made a simulation.....
if my % of ROI since invest were to increase by 10% pa from now till DEC 2019,
my IRR is just 6.33%

hmm.gif what are my chances of getting 10% pa percentage of ROI since invest continuously for the next 4 years?
my guess is, it will be VERY slim....so are my chances of having IRR > 6%  cry.gif
hmm.gif is my calculation wrong or my expectation of investment is wrong... rclxub.gif

any TAIKOR(s) can help comment?  notworthy.gif
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Low IRR is dragged down by past performance, which is something you can't change. What is important is future performance.
river.sand
post Dec 17 2015, 06:03 PM

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QUOTE(kimyee73 @ Dec 17 2015, 11:51 AM)
It depends on what is your believe. If like pinky, he absolutely scorn it. If you believe price action is indicative of what the market think (including emotion, believe, news etc.) of the security regardless of fundamental analysis, then you can use tech analysis for UT but in limited fashion since you do not have OHLC.  In fact you can get DIY weekly OHLC data using daily NAV price  cool2.gif UT price action is the result of combination of price movement in underlying assets, dividend collected, investor deposit/withdrawal, fund manager's action, forex movement etc.
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I tried TA before, in stock investment.

But whether it's stock market or UT, trend, momentum and sentiment are all short term. Since I invest in UT for long term, I don't bother to do TA lah...

TA, if we get it right, we may save a few percent of capital. But I am eyeing 8% annual return laugh.gif

And, if we get it wrong, we may miss the boat...

This post has been edited by river.sand: Dec 17 2015, 06:06 PM
river.sand
post Dec 21 2015, 10:05 AM

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Wanna ask...
RHB ATR portfolio allocation by country, as shown in the attached diagram...

Are the China's bonds denominated in CNY or USD?



Attached image(s)
Attached Image
river.sand
post Dec 21 2015, 06:25 PM

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QUOTE(wonglokat @ Dec 21 2015, 02:42 PM)
Looking at sector-/country-specific fund like the TA Tech to add to my current ratio of 60 Asia: 20 US-EUR-(Titan): 20 Malaysia. Is 5% too little or about right?
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Tech sector is high risk. I would say 5% is about right.
river.sand
post Dec 21 2015, 06:46 PM

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QUOTE(Pink Spider @ Dec 21 2015, 06:30 PM)
so hv u looked at audited account of uob asian bond fund?
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I read the semi annual report, but no mention of currencies.

river.sand
post Dec 21 2015, 07:46 PM

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QUOTE(yklooi @ Dec 21 2015, 07:29 PM)
Unit Trusts Investment Fair: What and Where to Invest in 2016

http://www.fundsupermart.com.my/main/resea...?articleNo=6645
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Anyone going?
river.sand
post Dec 21 2015, 09:24 PM

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QUOTE(Pink Spider @ Dec 21 2015, 06:30 PM)
so hv u looked at audited account of uob asian bond fund?
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Update from post 217:

Among UOB Asian Bond Fund's top holdings, Wanda Properties, China Cinda and Yuexiu Property issue bonds denominated in USD, while China Construction Bank issues bond denominated in CNY. See links below...

http://cbonds.com/emissions/issue/65795
http://cbonds.com/emissions/issue/140673
http://cbonds.com/emissions/issue/34277
http://cbonds.com/emissions/issue/68561

So, the impact from CNY depreciation isn't so big icon_rolleyes.gif

This post has been edited by river.sand: Dec 21 2015, 09:26 PM
river.sand
post Dec 22 2015, 08:09 AM

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QUOTE(T231H @ Dec 21 2015, 07:50 PM)
Free 2x break and 1 lunch...wor....
very long time wor 9am~ 4pm,
how much is the parking cost?
if did not go can get the 0.5%SC?
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Sunway Pyramid, go there early can park outside near the shops.
Or maybe the organizer can get us flat parking rate.
river.sand
post Dec 23 2015, 02:04 PM

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QUOTE(wing2010 @ Dec 23 2015, 01:22 PM)
hi all sifus, newbie here seeking for advice

i plan to start with 3 funds
will buy kenanga growth and affin hwang ap divident fund on 9th jan in view of 0.5% sc
and today i wanna buy cimb (1% sc for new user) but undecided among these three:-

global titans
asia pacific dynamic
greater china equity

can anyone recommend which to buy for now? not too sure how to diversify it
ur input is greatly appreciated  notworthy.gif  notworthy.gif
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My 2 sen...
Since both AHAP and Ponzi 2.0 target Asiapac, you may want to buy Tits now.


This post has been edited by river.sand: Dec 23 2015, 02:04 PM
river.sand
post Dec 23 2015, 03:15 PM

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QUOTE(wongmunkeong @ Dec 23 2015, 02:07 PM)
Those Tits have been very Firm performers
but as the Fed has started to stimulate interest rates,
them Tits' performance may sag with heavier cost of interests brows.gif
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So Tits have passed climax? hmm.gif
river.sand
post Dec 23 2015, 04:08 PM

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QUOTE(xuzen @ Dec 23 2015, 03:27 PM)
Oi old man... you nyanuk & confuse izzit?

Titties is a equity fund leh; not a bond fund. Equities usually "M0h-T1U" interest rate keh!

And even if it does, Fed only raise 0.25% nia!

Xuzen

p/s RM / MYR weakness..... I am gonna go short on RM / long USD. Hence will spend local; cuti-cuti local and watch Titties fund go up up up and away.... Infinity n beyond!
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According to this articles, rate hike by Fed does have indirect effects on equities...
http://www.investopedia.com/articles/06/in...sp?header_alt=c
http://www.cnbc.com/2015/09/15/when-the-fe...at-happens.html

Since you love statistical analysis, you would be interested in this...
QUOTE
When the Fed raises the federal funds rate, newly offered government securities, such Treasury bills and bonds, are often viewed as the safest investments and will usually experience a corresponding increase in interest rates. In other words, the "risk-free" rate of return goes up, making these investments more desirable. When people invest in stocks, they need to be compensated for taking on the additional risk involved in such an investment, or a premium above the risk-free rate. The desired return for investing in stocks is the sum of the risk-free rate and the risk premium.
Rate hike definitely have effects on REITs, though I guess Tits are not heavy in this sector.

That said, strengthening USD may be able to offset the loss of momentum in US market.
river.sand
post Dec 23 2015, 05:46 PM

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QUOTE(vincabby @ Dec 23 2015, 04:55 PM)
need to ask about the excel IRR file, my IRR is now showing 97.09% in red..and everytime i update it keeps going down..i don't think that's normal..my ROI is showing correct figures so i think the thing is calculating correctly.. any ideas how to rectify or is that normal?
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Zip your file and attach to your post. Or upload to cloud storage and provide link.
river.sand
post Dec 24 2015, 11:28 AM

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QUOTE(xuzen @ Dec 24 2015, 10:26 AM)
Excuse me while  pasir sungai and I engage in some CFA-buddy tete-a-tete  cool2.gif

All these are theories which you will learn in your CFA program. Good! However always take them with some perspective:

The expected return of say Titties fund is around 20%++. What is a little ant bite of 0.25% increase in risk free rate gonna do to it? Perhaps now its return becomes 19.75% ++? Will you be sad? Cannot eat; cannot sleep?

I reiterate: Equities fund are not bond funds... they are not so sensitive to interest rate change.

Xuzen

p/s My perspective: With interest rate increase, more cash will flow to the US and this makes USD more popular. In basic Economics 101 when supply increase, the supply gets more expensive. This means USD will become more expensive / go higher. The chances of USD gains against MYR is a bigger factor to consider than that 0.25% ant bite increase in risk free rate. And we all already know that historically Titties fund went up chiefly because of MYR weakness. This will continue with more future fed rate hike.
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I remember, in replying to your past post, I mentioned that I did not trust the theories in CFA curriculum. I have been investing since 2008, but only started to read CFA books last August.

OTOH, you're the one who keeps talking about std dev, correlation coefficient tongue.gif

In any case, I am keeping my Tits wub.gif , and Pinky just topped up recently. We remain confident with developed markets wink.gif

Merry Xmas icon_rolleyes.gif
river.sand
post Dec 24 2015, 11:31 AM

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QUOTE(lukenn @ Dec 24 2015, 11:00 AM)
lol sorry... I thought all the CFA here would understand. What I meant was...

we is oredi paying the fund manager many many money every year. Let the feller do his job lor. Nonit for we do the flers job for him/her mah, gaji already very tinggi.
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Agree.
Even in bear markets, there are still some stocks which do well. It's up to the FM to pick the right stocks.
What we should do is, as stressed by TS, build a portfolio.
river.sand
post Dec 24 2015, 05:19 PM

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QUOTE(Kaka23 @ Dec 24 2015, 05:13 PM)
Why Christmas Eva also so active here... no life meh! Go celebrate/enjoy with family la...
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Don't celebrate mah...
Who is Eva brows.gif
river.sand
post Dec 26 2015, 09:07 PM

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Right moment may come within 3 months. Or it may come after 2 years. You want to wait?

I will just do DCA...
river.sand
post Dec 27 2015, 02:38 PM

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QUOTE(cheahcw2003 @ Dec 27 2015, 11:41 AM)
a) I wonder if it is still advisable to invest in this fund (or any other bond fund) since the interest rate is escalating. The theory depicts that interest rate and bond performance has an invert relationship.
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I am talking about bond fund in general...

Let's say a company issued bond at par value of US$1000, with coupon rate of 5%. That means every year, it pays interest of $50/unit.

With Fed rate hike, the market value of the bond may drop. Let's say before that it was traded at $1000. Now the market price has dropped to $980. The issuer will still pay interest at $50, not $49.

And, as maturity date draws close, the market price will move towards its par value, which is $1000.

All these, provided that there is no DEFAULT.

Rate hike does increase the possibility of default. However, from what I know, bond default rate is low, even among junk bonds.

OK, will all those said, you make your own judgment tongue.gif

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This post has been edited by river.sand: Dec 27 2015, 02:48 PM

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