QUOTE(MNet @ Mar 29 2017, 07:53 PM)
I'm chasing my banker to approve my personal loan to invest in this.
Holy shit. First rule of investing: DO NOT INVEST WHAT YOU CAN'T AFFORD TO LOSE! Taking a loan to buy an overvalued unit trust fund, well good luck. Hopefully you rethink this. I promised not to ever post in this forum but I have to, to warn you and others against such idiocy.
Also, fund is as of 28/3 is RM484mil. On 28/2, it was RM309mil with 22% sitting idle. So invested on 28/2 was RM241mil...now the available amount is exactly double that invested amount as of 28/2. It's crazy! Even if the fund's underlying securities has crazy good returns it will be very diluted.
Read the fund manager's views:
https://www.bloomberg.com/news/articles/201...for-top-manager
The surge in Malaysian small caps over the last few months may be reason enough to avoid buying many of them now.
So says Gan Eng Peng, head of equities at Affin Hwang Asset Management Bhd., citing an 18 percent gain in the the FTSE Bursa Malaysia Small Cap Index since November. Stocks in the measure are up more than twice as much as those in the large-cap benchmark, as a government plan to support the sector coincided with an emerging-market rally.
“We’re always on the lookout for ideas which are fresh, turnaround situations and deep value plays,” said Gan, whose Asia ex-Japan small and midcap fund has returned 34 percent over the past year to beat 96 percent of its peers. “With the recent run in the index, this is getting harder to come by.”The fund is almost 40% invested into Malaysia.
Look at the 5 year Bloomberg graph:
https://www.bloomberg.com/quote/HWASCAP:MKThis is the steepest 3-month climb.
I mean whoever is already in, good. But going forward it's hard to see crazy returns coming in without the fund creating a bubble for the underlying stocks it is holding.
This post has been edited by contestchris: Mar 29 2017, 09:12 PM