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 Ubb CASH TRUST 3 years nett 6-8% pa anyone?, UBB Amanah Bhd

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jayb2
post May 25 2022, 07:51 AM

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QUOTE(MUM @ May 25 2022, 07:40 AM)
Open Letter To TheEdge
May 24, 2022

The article in TheEdge entitled “Several cash trusts said to be Ponzi schemes” dated
24/05/2022 is an article based purely on suspicion and wholly unsubstantiated. There is
no basis whatsoever to conclude that some Cash Trusts are in fact Ponzi schemes.

More.....
https://www.ubbamanah.com/open-letter-to-theedge/
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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.
jayb2
post May 25 2022, 08:06 AM

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QUOTE(MUM @ May 25 2022, 08:01 AM)
my guess is they won't want to expose their 'secret" of how they do it.
as there is no legal obligation for them to do it.

i am sure they definitely won't tell it openly even when requested to
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find it very weird, it should be explained.

This post has been edited by jayb2: May 25 2022, 09:26 PM
jayb2
post May 25 2022, 08:10 AM

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QUOTE(MUM @ May 25 2022, 08:08 AM)
maybe those are not regulated in Malaysia.
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regulated means no need explanation, good job Malaysia.
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