Because for the MyETF Dow Jones US50, you can see a big gap between the NAV and the price (1.0410 NAV vs 1.23 Price). Wahed calculate based on the price.

The current drop is because the price drop from 1.37 to 1.23.

Current NAV (1.0410): https://www.myetf.com.my/en/MyETF-Series/My...rical-NAV-Price
Current Price (1.23): https://www.bloomberg.com/quote/METFUS50:MK

This post has been edited by Assassin's: Mar 14 2020, 09:10 AM

It is beneficial, it indicates whether it's a good time to buy or not.

If you see a wide margin between the NAV and the price, then its not a good time to buy because the price is expected to follow in line with the NAV.

The only problem is we don't know how long does it take for Wahed to buy the share from the moment we deposit our money. It could the same day or maybe 3 days difference.

This post has been edited by Assassin's: Mar 14 2020, 12:09 PM

If you registered Wahed account with a referral code, you should get a RM40 cash bonuses. You can check this by clicking on the blue text "earned" on the Overview page.

So when you calculate the total (RM100 + RM40 - Wahed Fees), you lose 11.8%

Its supposed to be the performance from 6 months / 1 year before until today. But I think its using outdated info.

If you want to check the performance in detail, better go check at Bursa / Bloomberg instead of on the app.

MyETF-US50 : https://www.bursamalaysia.com/trade/trading...ock_code=0827EA
MyETF-MMID : https://www.bursamalaysia.com/trade/trading...ock_code=0824EA
TradePlus Shariah Gold Tracker : https://www.bursamalaysia.com/trade/trading...ock_code=0828EA
RHB Islamic Bond : https://www.bloomberg.com/quote/RHBIBND:MK

Wahed US ETF (MyETF US50) is a Malaysia-based ETF which holds US stocks and is listed and traded on Bursa, while SA US ETF is oversea based ETF (IVV).

The MyETF US50 only holds around 50 company stock from the SP500 that are syariah-compliant while IVV holds all of the SP500 company stock.

Gold is at an all-time high now, so I don't think its a good idea to go in now.

The percentage return is using time-weighted return. It's a bit hard to calculate it exactly since we need the daily gains/loss info to calculate it, which you can only get on the monthly statement (you can access by clicking the top left triple line button > Account Details > Under "My investment account" click Regular > Monthly statements). Each month statement is released after the end of the month.

https://www.oldschoolvalue.com/tutorial/tim...io-performance/



I personally don't think Wahed is a good vehicle for long-term investment as it doesn't have a solid reputation like EPF/ASB. I would maybe keep my money at Wahed for 1-2 years, then cash out and transfer the money somewhere safer. If I'm happy with the returns I get from Wahed, then I will restart from 0 and put my money little by little all over again.

And you definitely shouldn't expect to always get positive return with Wahed as all of its investment portfolio (stock, bond, gold) all have history of going down in prices, unlike EPF/ASB returns which have never went negative.

That's why it's important that you only invest in the market with money that you are prepared to lose. If you want to have an investment with better returns than EPF/ASB, then you have to take risk.

If you lose your money, learn what mistake you made and try again with the hopes that you can earn back your losses in the future. If you gain money, then set a reasonable expectation on how much gain you are happy with and cash out when you reach that gain. Don't get too greedy by dreaming for a better return in the future as you can never know when the market will turn. Even if the market does end up higher, be happy that you reach your goal for that investment.

This post has been edited by Assassin's: Apr 16 2020, 01:50 AM

And another one. US ETF just jumped to 1.2450 (+15%)

I guessing the reason why the MyETF US50 spiking is because a lot of the company in it, especially the big ones like MSFT, Apple, Google and FB will be releasing their Q1 2020 earnings next week.

Tue - Apr 28
* 3M Co
* Alphabet Inc.
* Merck & Co Inc.
* PepsiCo Inc.
* Pfizer Inc.
* Starbucks Corp.

Wed - Apr 29
* American Tower Corp.
* Automatic Data Processing Inc.
* Facebook Inc.
* Microsoft Corp.

Thur - Apr 30
* Apple Inc.
* Gilead Science Inc.

Fri - May 1
* Honeywell International Inc.

That is not true. The MyETF US50 is denominated is USD, but traded in Bursa.

In Wahed statement, you can see its value in MYR, but in Bursa, its quoted in USD.

It's very likely the authorized participant is the one selling off their unit which they created through ETF creation process. You can see the unit in circulation go from 8,812,300 in 8 May 2020 to 9,112,300 in 12 May 2020 (+300,000 = 1 creation/redemption basket).

METFUS50 Net Asset Value (08 May 2020)

METFUS50 Net Asset Value (12 May 2020)

First of all, do not rely on Wahed for long term investment. The company has only been around for 5 years and debut in Malaysia in 2019, its just too young to be a reliable investment.

I can't tell you which portfolio will perform the best in the long term, because I can't predict the future. But I can tell you which portfolio suits best based on what you believe will happen in the long term.

If you believe the economy will suffer in the long term, and that we will never recover from this virus, then sure buy gold which is nearing its highest price in history (currently at $1750) since 2011 ($1900), and that it will break that record for the first time in history and continue to increase further.

If you believe the economy will recover in the long term however, just like how we recover from 1997 Asian financial crisis and 2008 crash, then gold portfolio is a poor choice because you are buying it at its highest price. If you want to profit, then buy something that is on the rock bottom like company stocks instead.

If you want to invest in stocks though, I do not recommend Wahed because their ETF is just poorly managed, and not to mention its owner (i-VCAP which is under ValueCap) will close down in Sept 2020.

It depends on when you entered and what portfolio you choose, but here's an overview of the asset that Wahed invest in (TLDR; its in bad shape)

https://wahedinvest.com/portfolio/

US stock: MyETF US50

Notice the -18% drop from May 12 to May 15.

The drop was cause by the authorized participant (AP) selling their share which they created from ETF creation process. Assuming that Wahed is their biggest trader on this ETF, I expect this to continue to drop as Wahed user panic cash-out, forcing Wahed to sell their share.

Malaysian stock: MyETF MMID

Notice the -13% drop on May 15 to May 18.

Not sure what the drop was cause by here, I don't see any increase in number of ETF unit in circulation, so its not the AP doing any ETF creation process here. Its likely the AP was buying the ETF unit when it was on discount compare to its NAV, so they could do the ETF redemption process, but then decide not to and just dump it into the ETF market.

Also, the growth of the NAV price is propel by the share of the rubber glove companies in this ETF that skyrocket in the last couple of week (Hartalega, Supermax, Kossan Rubber). After the virus is over, expect this ETF to stay flat.

Sukuk: RHB Islamic Bond

Just like most bonds during these trying times, barely any growth whatsoever.

Gold: TradePlus Shariah Gold Tracker

Tracks gold pretty accurately, but gold price is just starting to drop as the economy is showing signs of recovery.

This post has been edited by Assassin's: May 19 2020, 11:45 AM