Very recent. It was Opportunity Trust at 7.5% for first 2 years and 8% for third year.

This is a new experience for me, first time.

Projected only not written as guaranteed.
No fees too.

Nett of fees.
Seen the deed myself.
Shows something like 7-9 percent per annum over three years.

Nett of fees.

Just curious, are these trusts among the way people dodge their income from LHDN?

Nowadays seeing rich people have a lot of hidden trusts here and there but on paper record they are broke.

https://mpvworldeng.blogspot.com/2020/01/th...eal-estate.html

https://www.labuanibfc.com/areas-of-busines...-token-business

https://instagram.com/mpv.world?utm_medium=copy_link

Able to find some information online, this seems how they generate the interest money. Any master can help to analyst or comment? tks

If my understanding not wrong, you can see the attachment the declaration of trust. The trust is holding MPV right? That's y asking for master view, I cant be sure is that how they work...

Anyone get back their capital +8% p.a after complete 2 or 3 years contract?

Hi guy3288.
As a new lowyat user I can't post the link here but you can try Google a latest writeup by The Edge on dubious cash trust scheme. You can search under title: SEVERAL CASH TRUSTS SAID TO BE PONZI SCHEMES.

Hope it helps.

even regulated bursa you can profit -50% at zero risk lol

their open letter is so /k style of reply does not even sounds professional, just mere attacking the journalist.

"without having given the companies that are offering Cash Trust an opportunity to explain" if that is so,  then in your open letter just layout how in your audited financial abilities to generate such return.

That is a "UBB's client" response, not an official company response. Using you client (or client's identity) to stand in front of you is not really a professional response.

You would not expect (for example) Maybank or Affin Hwang (or any other financial institutions) to respond to a "crisis" in this manner.

find it very weird even money games such as Forex and Crypto did explain to investor where their money is "invested".

regulated means no need explanation, good job Malaysia.

Even in this case, UBB should not drag its clients down to defend itself. They should issue their own statement.

A professional statement would have mentioned they are "cooperating with the relevant authorities", "safeguard client's interests" etc. None of these appear.

Funny still, the letter appears under "Our Insights" section in the UBB Amanah official page: https://www.ubbamanah.com/

The company can quote the client's open letter in its own response, but should not just put it bluntly there.

Better still, answer the doubts raised in TheEdge, point by point, clearing the air. I guess mentioning the regulator would not be an issue, if accounts are to be kept secret.

Better hope this is the case. Their method of responding is already raising eyebrows.

Even 6-7% guaranteed returns in the current low yield environment (before the recent Fed rate hikes) is just impossible. I work with insurance company, heck they're scared to even guarantee anything significantly more than 3% for their guaranteed products in Malaysia.

The thing about UBB Cash Trust is, I've seen their ads in KL on billboards (I think Federal Hwy has one). Also, if I'm not mistaken, they claim to have some kind of a relationship with one of the local banks.

i saw the post on the edge about cash trust.

but as a client for 6 years now. which i have renew my trust deed for another term, i can gladly say im happy with ubb. during the expiry of my contract, i have requested my capital and they just transfer to me without any issues.

i remember my payout was 7% for the first term, but the second term (expiring on 2023) about 6%. never was up to 36% p.a

if they theEdge claimed to be ponzi, how come all my friends that place with ubb all have good experience w them? i believe, authority will only take action if a group of ubb client go to complaint about the company, so far since that article come out, i dont see any client lodge a complaint.

so now my question is, how to know if they are ponzi or not if there is no official statement from the authority.

if really ponzi im gonna hantam my agent. 

i am slightly worried if the rumors turn out to be true, but speaking from experience, i had a good one and im not sure about others.

beside ubb and amanah raya which other trust company provide cash trust service?