Looks like its that time of the month again.

Adjustment made in May 16th, switch sell TAGTF. Switch buy to Manu REIT on May 21st. YTD 23.18%. Up +5.03% on June MoM.

Bought with new fund. June 19th, bought RHB Gold And General Fund. Up +4.46% on June.

Portfolio value MoM change : +4.84%

made a rough check on the fund product highlight sheet.....
some have the mandate to hold up to max 25% ~ 30% in non equities assets...
thus if they are currently holding 15%,...then it is half of their allowed holding %....
also noticed...if want to have your local FM holds less cash in your fund....try get a feeder fund.....their product highlight sheet show max 1~5% ...(maybe the target funds will have a mandate to hold 20% cash too)

well, that is just my rough check on 4 recommended funds....may not be all that is...

:thumbsup: had been going there for the last 4 days   

Mati lah, i have put  1foot in.........

This:
PROPOSED ISSUANCE OF SENIOR UNRATED PERPETUAL SUKUK PURSUANT TO A PERPETUAL SUKUK PROGRAMME OF RM2,000,000,000 IN NOMINAL VALUE UNDER THE SHARIAH PRINCIPLE OF MUSHARAKAH

Issuer: Tropicana Corporation Berhad
Indicative Coupon: 7% area
Tenure: Perpetual Non-Callable 5 years
Issue Rating: Unrated
Seniority: Senior Secured
Distribution Frequency: Semi Annually
Expected First Issue Size: RM200.0 million, with option to upsize (“First Issuance”)
Sole Principle Advisor / Lead Arranger / Lead Manager: CIMB Investment Bank Berhad
Minimum Investment Amount (Nominal Value): MYR250,000
Deadline: 23rd Aug 2019, 12 pm (order after deadline is handled on a case by case basis)

Credit Highlights

1. First tranche of RM 200 million is guaranteed by the founder of Tropicana (Tan Sri Dato’ Tan Chee Sing), who is also the major shareholder at 63% both through direct and indirect interest (as per IM)

2. First tranche also secured by commercial land in Johor Bahru that’s worth more than twice of the first tranche

3. Step-up rate of 2% if bond is not called in the first call date. 1% step-up annually thereafter

4. This perpetual is considered a secured bond and is ranked equally as other senior unsecured bonds of Tropicana

5. Tropicana’s pro-forma (taking into account the proposed tranche’s issue) net gearing is at 0.35x

6. (Total Borrowings less Cash/ Total Equity) compared to SP Setia at 0.64x, UEM Sunrise 0.55x, YNH Berhad at 0.95x while Mah Sing is a net cash company.

7. Only YNH Berhad and Mah Sing offer perpetual bonds with YNH being the direct comparable as the years to next call of YNH perp is in 5 years (similar to Tropicana) while Mah Sing next call date is in 2.64 years

8. Adjusted Net Gearing for the respective developers are:
• Tropicana = 0.35x
• YNH = 0.95x
• Mah Sing = Net Cash

9. Yield to Next Call for the respective bonds are:
• Tropicana = 7%
• YNH = 6.75%
• Mah Sing = 6.14%

Yes, depends on queue,  my RM said  i am No 1 in queue..
date is 3.9.2019

me  cimb, she already confirm i got it
FSM it seems  must pay early? and no guarantee of success.
if unsuccessful money returned, interest burnt.

cimb no need to pay first, got it also can  delay till very end only pay.
meanwhile money earn FD interest, and  premature FD WD penaly fully reimbursed.
also get 350000 points =RM875.

final tally i think it wont be more expensive than FSM

Hard to see the graph. How did u do for the month of August?

maybe due to the large % of exposure and the amount of bond sukuk value?
previous June incident some funds NAV affected by -9 % in a day
https://www.fundsupermart.com.my/fsmone/art...hin-Half-A-Year

The article said it will buy back the BB1 sukuk and restructure it. How can the bond price drop further?

furthermore that article is already 3 months old.....

Sorry to hear that.
How much of ur total portfolio invested in this?

I think unless there is a large % of new money are injected and a large jump in the NAV, the IRR would be abt 4% and stayed flats as the investment duration is extended..

btw, did you make a BIG swing of your asset allocation? like EQ:FI ratio?

Interpac funds ANYONE? 

Inter-Pacific Asset Management Sdn Bhd (IPAM), a subsidiary of Berjaya Corp Bhd, has announced the appointment of economist Datuk Nazri Khan as its new head.
“Nazri is a prominent figure and a notable economist among investors. I am impressed with his success in managing a sizeable fund which has achieved an impressive return on investment of 17% within five short months, ” said Berjaya Corp executive chairman Tan Sri Vincent Tan during the launch event.

Read more at https://www.thestar.com.my/business/busines...VKDvrfpQVJpR.99