QUOTE(Cactus89 @ Aug 10 2018, 09:37 AM)
in a long run it is more exp than FSM managed portfolio, due to higher annual fees... In terms of result I would expect it is a failure if it couldn't managed to beat Asx. So far FSM has failed badly.. Losing to Risk free and 0% charge asx by miles..
LOL. I know rite....
But you see how I kena in that thread. Say I am not calm enough... No long time to let fsm team to prove them la... I macam don't like fsm as before already.
Because what I see is numbers, benchmark. yes, of they don't promised we will earn in any condition, but what they picked is so bad. they never do peers comparison? Same country but the peer fund perf better.... this is fact. And the stars rating, they glorified asia pac, cn etc but say being neutral on US EU. So fast u turn. heavy on US and EU....
the managed port performed badly to the benchmark, and yet they say no time to prove in this volatile period. than what's the benchmark for? decoration? I actually never expect them to surpass the benchmark by miles in this volatile period, but at least la hold the principal of what the fsm team usually preach for.
As we discuss today. the mod aggressive port already leave united global and go into franklin and ta euro.... its not even 4 months in holding 1 fund.
where is the principle? in the article they keep say don't deviate from the objective, which is 3-5 years bla bla bla… look at what they do!
And what the best part is when we email the so called client investment specialist and asking what is the current wave and what to do to avoid massive loss. The ykeep mentioning hold hold hold because fundamental is good. And then ask them why the managed port keep switching like nobody business, and they say this is to react to the market.
Just hoe this SA don't follow the footsteps of FSM.