It is said in the star article that a selldown was initiated by a local bank-backed asset management house which is a common shareholder of Uli Corp, SLP, Oriental Food and SCGM. The selldown saw the stocks lose some RM242mil in market capitalis

But RHB denied that. “Our asset management is not involved in any selldown of those shares that were reported."

Hoe Cheah How, formerly the Chief Investment Officer (CIO) of RHB Asset Management, has joined Shock Media Studio, the leading Digital Agency in Asia as the Chief Financial Officer (CFO).

Mr Lim Tze Cheng prior to joining Inter-Pacific Asset Management Sdn Bhd in December 2016, was the Head of Equity at RHB Asset Management Sdn Bhd prior to joining InterPac.

So who is the real person behind the selldown ?

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.

Thanks. So I did not read it wrongly. It is still a worry when one has a big sum in there even with BNM and trustee things.

Slight correction. FSM is regulated under securities commission, I believe. Bnm only for banks and insurance companies.

Truthfully, I still favour fsm la. Nothing they do that seems illegit. Just transforming the industry I feel.

Thanks.

Has anyone cpntacted FSM on this issue. Please share if there is already a reply from FSM on this.

Really want to know the legal aspects in black and white before I try it.

Thanks.

Q: WHEN I BUY FUNDS FROM FUNDSUPERMART, IN WHOSE NAME WILL THE UNITS BE REGISTERED IN?

A: For cash investments, all units will be registered under iFAST Nominees Sdn. Bhd. For EPF Account 1 investment, they will be registered in your names. These units are segregated from the company’s assets.
You can contact our hotline (03)2149 0567 for any problems regarding your investments and iFAST Capital Sdn. Bhd. will liaise on your behalf with the fund managers.


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In the unlikely event that Fundsupermart ceases as a business concern, with your permission, all your assets registered under iFAST Nominees Sdn Bhd will be transferred to another Institutional Unit Trust Advisers (IUTA) or they will be returned to you.

Guys, anyone having issue using polarbearz excelsheet with latest Excel 2016 version on Windows?

I updated my Excel for Mac 2016, and suddenly required to update the declare statement to make it compatible with x64 version, though it has been running OK before the update. But still can't get the macro running after i updated the declare statement. 

Anyone could help?

there are polarzbear's file for window and mac version
have you been using the polarzbears file for MAC OS version all these while?

Yeap. I used idyllrain's mac version and it worked OK, until i updated my Excel.

oohh,...

i think, normally for other window file when I want to want to run with Macro,...I have to save as macro enable file to enable that file to run it.

does mac needs to do that too?

may I suggest you download the mac file again,
just copy a few data,....test to see if I can work?

if it can work,....copy all the data to this new file...
if it cannot work,....
.......have to wait for the 'creator" to come in to assist.....unless some other is kind enough to assist.

Guys, anyone having issue using polarbearz excelsheet with latest Excel 2016 version on Windows?

I updated my Excel for Mac 2016, and suddenly required to update the declare statement to make it compatible with x64 version, though it has been running OK before the update. But still can't get the macro running after i updated the declare statement. 

Anyone could help?

Last year, I passed an Excel file with macro to my friend and he could not run it in his Mac Air. Later learnt that macro part was not included in the Excel Win to Excel Mac package.

Any Mac user can confirm this?

Thanks.

P/S That is one of the reasons why I have not migrated to Mac as I have a lot work in Excel macro.

Guys, just want to do a quick check.

One of the advantage having Fundsupermart platform compared to any agent is LOWER SALES CHARGE.
FSM platform sales charge is ranging from 0-2% per transaction whereas agent charges up to 7%.

But recently there's agent saying that FSM is charging us WRAP FEE which is 1.5% from our ANNUAL TOTAL AMOUNT. Is this statement true? I dont have any clue on this.

Guys, just want to do a quick check.

One of the advantage having Fundsupermart platform compared to any agent is LOWER SALES CHARGE.
FSM platform sales charge is ranging from 0-2% per transaction whereas agent charges up to 7%.

But recently there's agent saying that FSM is charging us WRAP FEE which is 1.5% from our ANNUAL TOTAL AMOUNT. Is this statement true? I dont have any clue on this.

Hahahaha... WRAP account is only for special people. WRAP account let you switch any fund you want without kena additional charges. Usually reserved for financial planners. Only xuzen is using that account. It's out of reached for normal people like us.

Keep in mind whether you buy from agents or FSM, you kena charge ~1.5% management fees. This management fees is already calculated in the NAV of the fund. Whether the fund perform or not, management fees need to be paid.

I sometimes wish fsm would have installed their own irr calculation instead of us having to go through the wonky excel sheets.

I think platinum user got those feature.