buy in target price for kgf

1.05

now still expensive.

if it drops to that level...I am sure some other funds/regions are better bets than it.

chill chill. It can drop from 1.20 to 1.12... I don't see any reason for not dropping further given the current future of EM and Malaysia itself.

what more it's small to mid cap

as I mentioned...if at that time....some other funds/regions are better bets than it.

alright guys. the talk between us and cn is cancelled. lol

I would say....
some would be
some would be

after having seen so much since Early Feb till now.....
i would just for the worst...

这个时候我只可以呵呵了。

so much wayang.

for the benefits of non Chinese readers or those not having google translates.....

translation ....
"At this time, I can only haha."

Won't believe in thrump words on inviting cn for another round of trade talk

Just his business man tactics for better deals

cn and apac will drop further, let's see

This post has been edited by ehwee: Sep 15 2018, 06:42 PM

Did anyone believe in trump promise.... Look what he done with he agreement with south Korea... Previous told want to stop trade war.. he hold a terrible reputation

yes.

look at the market reflect. it turn green after negotiation news leaked.

I suppose most of the investors have one trigger point that they won't trust what trump said anymore.

Trump was the Shame's political man I saw .. opsss most shameful was the mrjibby

New to this thread although not new to Lowyat Forum!

Can I ask if a particular fund like RHB Islamic Bond Fund which uses profit sharing method as an alternative management fee, will the profit sharing portion for management be factored into the expense ratio? Using the following example:

RHB Islamic Bond Fund
Profit sharing of 15:85
Management fee = 0%
Expense ratio = 0.79

Libra Asnita Bond Fund
Management fee = 1.15%
Expense ratio = 1.14

I find that the two funds are really similar except for their expense ratio. How come the RHB Islamic Bond manage to have an expense ratio significantly lesser than its peers or Libra Asnita in this case by nearly half? Has the 0.79 taken into account of profit sharing which will be given to the management (fee)?

Thank you!

This post has been edited by wannabe1988: Sep 16 2018, 11:09 AM

Expense ratio is expense of UT over the NAV of the UT size. Assuming you have similar expenses of both running the two funds, then the bigger ths fund size the lower the expense ratio.

You can check the factsheets of both funds and i think rhb islamic is bigger than libra anista. If you are mathematically inclined, you can easily calculate the expense of the UT.

if one cannot stomach the volatility of HK mkts.....just get the fund(s) that has little correlation to HK mkts....

Why Do Hong Kong Stocks Act Like We Are In a Crisis?
https://secure.fundsupermart.com.hk/fsm/art...-a-crisis-15074

in simple language.....
if one cannot stomach the hot environment of a kitchen.....just don't go anywhere near there.

time to reassess your career/funds selection



Attached thumbnail(s)

Thank you for your reply! RHB Islamic is indeed bigger. That means economy of scale works in favour of RHB Islamic? I guess it makes sense given NAV of RHB is also twice bigger than Asnita. Given expense/NAV, with twice NAV size, expense ratio is also twice smaller? But is the profit sharing due to management considered as management fee since the factsheet said management fee is 0? Because in the financial statement, there is still management fee.

Finding hard time to decide between these two funds because Asnita has a slightly better Sharpe and risk-reward ratio although both funds have Sharpe & risk-reward ratio above 2 and 3 respectively if I remember correctly. But it seems like economy of scale enable RHB Islamic to gain better annualized returns and YOY returns. But Asnita will have better liquidity given the cheaper NAV although not sure if it matters for fund of this price range.

This post has been edited by wannabe1988: Sep 16 2018, 11:43 AM

Someone mentioned before....for bond funds...have to see the grade of bond holdings too....lower grade bond may hv higher risk of bond default....
Anothet one is the bond duration too

Agree but that's why we buy mutual fund? It's diversified as long as there is no concentration whether in term of largest holding or sectors that the fund invest in. Bond duration matters but not sure where to get industry information on this. I supplement these by looking at three metrics collectively: Sharpe, risk-reward and volatility. Good thing Superfundmart actually provide industry avg for these. Then you know if a particular fund provides the basis to examine further if they can beat the industry avg.

a quick glance at the reports....(may have missed something.....thus caveat emptor)

RHB Islamic bond has large % of the port in A and below grade bond (abt 35%)

LibraAsnita has non below AA- grade....
except 9% at A1 UMW holding berhad

page 27
https://www.fundsupermart.com.my/main/admin...rtsMYRHBIBF.pdf

page 83~84
https://www.fundsupermart.com.my/main/admin...rtsMYLIBABF.pdf

This post has been edited by MUM: Sep 16 2018, 01:20 PM