QUOTE(Ramjade @ May 21 2017, 08:22 AM)
I am pointing my fingers at RHB. Of course they will say it's not them. If they say it's caused by them, further selldown will happen as Investors who have no Internet but read papers will be worried.
We all know what happen. Fund manager move to another fund house. Regular people who have inside info sold off becauae scared new manager is incompetent. Once someone tarik few million, retail investors in the stock market follow.
Imagine if news got out that lee sook yee leave kenanga. I believed the same thing will happen. Stocks held by kenanga will tumble.
I am not sure if he's a good fund manager as current times is bull market. Even lousy stock also making money.
Already posted before about fund manager. When mark mobius left Templeton (he's considered emerging market fund manager king as he's one of the fund manager who beats the index regularly), million of dollars flow out of the Templeton fund he managed.
The part on the personnel movement.
Hoe the then CIO of RHB left but he did not join another fund house. He joined Shock Media Studio.
That departure was Aug 2016.
Lim who handled the smart series was probably still in RHB during the market selldown. He joined interpac December 2016.
So Lim was not the trigger of the selldown.
This post has been edited by puchongite: May 21 2017, 12:02 PM