OK lah not pure US, but last time tak da gold, and ppl were concerned with US-heavy portfolios. Back then they dont do much exposure to outside US.

coz last time outside of US perform better ma. especially china tech, before the big mouth jack ma spoil it for everyone. now the dragon on rampage everywhere it goes and all become collateral damage. big mouth man now quiet as a mouse hiding from the dragon.

OK2, didn't know it Bcoz my journey with stashaway start 2020.

The reason why EM Asia China Tech in play is because overvalued Tech shares in the US that time while China Tech was undervalued around 45 to 50 range

Gold was chosen just to hedge inflation which is good but however 20% to it is too high imo and it should be range of 12 to 16% for better hedging with higher allocation to VNQI at 8% while 50% to US and 30% EM equities

But as long as you bought into early in the year when ringgit was trading at 4 it is already gain of 5% in terms of FX gain only

Anyone facing delay in funds deposit? Deposited on 9 July but till today haven't even initiated currency conversion. Kinda unusual as usually it will initiate within 1 working day..

Same here, usually not this slow

This does not sound good.

Is this a RED FLAG?

I could be wrong,
There is gonna be a reoptimization soon, will the delay caused in anyway by this transition period?

They don't wanna buy into the old portfolio to fill up the % of allocations of the old portfolio, then sell off some again in the next few days to move that money to another etfs so as to meet the requirement of the new reoptimized portfolio

or simply,....9 July is FRIDAY,...Sat & Sun is not working day....
a forummer bought on Monday nite had its a/c reflected already, few postings below


This post has been edited by MUM: Jul 14 2021, 10:46 AM

Its normal because they have internal pool.
Which mean they themself can act as market maker.
Our buy sell order will not execute in the market.
For example A sell portfolio consist of RM100 KWEB.
B deposit RM200 and RM100 will used to by the RM100 KWEB.
They will not transact the A order to market.
They will just change the RM100 from A to B.
But they still charge us same annual management fee.

Technically, what they can do to earn more is by saving on commission pay to broker by delay the buy sell order. which mean all order is changing hand internally without sending it to market.

u can compare it whether does this practise similar to https://www.investopedia.com/terms/d/dark-pool.asp

If they do that, why is the a/c of both forummers timeekit n producer are still not reflected as having holdings that are already paid since 9 july?

This post has been edited by yklooi: Jul 14 2021, 10:13 AM

My deposit on Monday night has just been invested.

maybe, just maybe your invested money are used to buy into the etfs at which the % of allocation for that etf are still needed in the soon to be new reoptimised portfolio as mentioned earlier?

This post has been edited by MUM: Jul 14 2021, 10:30 AM

I just see a typical rebalancing. Bought into AAXJ, IJR, SPEM and KWEB in 36% SRI. Nothing amiss.

then if forummers timeekit and producer are in 36% sri,...then they have nothing to be worry about as they bought on 9 July (Friday) while your is on Monday... (Sat & Sun not working)

Not for me. I deposited on 9 Jul, night. Currency conversion on 13 Jul. Buy order completed 14 Jul, morning.

Hi Xxxxxxx

Hope you are well.

We would like to inform you that there was an issue regarding your recent deposit received on the 9th of July in to the Global Portfolios.

Our broker is currently facing issues with their system, which has led to the delay in the conversion of funds in to USD to be invested.

We are following up closely with them to get an indication of a timeline from them as they work toward getting to the root cause of the issue. We will inform you once we receive further updates from our broker.

We would like to apologize for the inconvenience caused. Do let us know if you have any questions by replying to this email.

Yours in investing,
Mey
Head of Client Experience

Received this as well. On top of that, customer service also emailed me the below

Hi XXX

We have an update regarding your deposit.

The funds have been processed by our broker and the buy orders will be generated tonight. You can expect to see your funds invested by the end of tomorrow.

Thank you for your patience with us, please let me know if you have any questions

Hmm, guessing no dividends from simple as changed to different institution? 🤔

Mentioned b4, dividend will still be available,... Only the cal n payout tine may not be same

Check back on the 1st as the payout it should be then

Simple will calculate based on calendar month according to AmBank timeline