Wish u all the best 👌

Tq

what about AHAM Single bond series 2 and 4 ?

I wouldn’t know because I didn’t buy any of those bonds anyway

Despite of Credit Suisse Bond writing down to "ZERO" (NO VALUE AT ALL), below info of AHAM SINGLE BOND SERIES 4(Product Highlights Sheet) and Screenshot of CIMB Clicks web (UT Account section)

Following info extract from one of AHAMs document:

Document source link: https://aham.com.my/invest-with-us/list-of-...tails?q=SBS4HCF

KEY PRODUCT FEATURES:

Investment Strategy:
The Fund will be investing directly into a single-credit bond. The remaining NAV of the Fund will
be in money market instruments, deposits, derivatives, and/or any other form of investments as
may be determined by the Manager from time to time that is in line with the Fund’s objective. The
Fund may invest in foreign market.

Asset Allocation
• A minimum of 60% of the Fund’s NAV to be invested in bond; and
• A maximum of 40% of the Fund’s NAV to be invested in money market instrument and/or
deposits..

Following screenshot from CIMB Clicks:

As per app last NAV Price was 0.3056 @ 17 MAC 2023, with Unrealized ROI (%) -70.02



I still see numbers under FUND MARKET VALUE

Which means you just lose 70% which they allocate to AT1 bonds while 30% is still in MMF or liquid deposits

Thanks for the reply, btw how can I file a complain against my CIMB banker for not following clients instructions for liquidating the fund (Called and met numerous occasions, when NAV was around 80 cents). He blames AHAM instead. any advice ?

Just asking, ....do you still hv documented evidence of communication or instruction to liquidate that fund when nav was still at 0.80?

Did you have any written standing instruction as proof of execution?

Verbal would be very hard to proof

He has the right to blame AHAM because he can instruct but execution by the fund house itself

This is why never ever buy from 3rd party particularly banks because it is out their hands unlike buying direct from the fund house where you locked in the projected price

You make the complaint to the bank official channel first. Go check cimb website for how to complaint. The bank will be obligated to respond.

Draft your complaint properly. Maybe get a lawyer friend to help draft it. Get ready supporting documents.

Other than not following instructions, was there also misseling? A lot of bankers get away with misselling financial products without properly informing client of the risk.

If not happy with the Bank response then can go to BNM, SC and or Financial Ombudsman for further action.

Replying to respondents of the forum members. I have file a complaint via CIMB's CRU unit regarding this and certain Rules and ACT that the banker did not follow.

A meeting was made on 27/03/2023 with representative from AHAM, Regional Director, Investment Specialist and Branch Manager of CIMB, but non unable to reply when questioned the rights of liquidating and baring the cost of loses.

They just kept quite when asked? Or they gives answers which you think is not answering it?

Dud you question them again?

Pending CIMB's CRU unit to reply my E-Mail. Kept quite when asked during the meeting regarding rights of liquidating and who's going to bare the loses.

Ask for follow up come Sept

You should check the prospectus and see whether you got any loopholes or your rights as the deed holders to question them bank

Suggest find some one in the legal field who does legal banking for advise on the prospectus itself

Seems the meeting itself was show to shift the blame to AHAM but the banker himself know that he is the wrong for not executing your standing instructions

AHAM can’t answer you that much unless the Investment Board or fund manager who can give you a better answer on the liquidation

Only Stashaway can answer with the similar situation with KWEB debacle last year 🤦‍♀️

their ETF products are also suspended & no longer traded

Not all ETFs 🤦‍♀️ only those leveraged and inverses is affected

China, Gold and Reits is still trading on their market

Below paragraph extracted from AHAMs PRODUCT HIGHLIGHT SHEET for AHAM Single Bond Series 4 (Formerly known as Affin Hwang Single Bond Series 4):

"5. What are the possible outcomes of my investment?
This Fund is a wholesale bond fund that invests primarily in a single-credit bond. The performance of the Fund would be
dependent on the bond that the Fund invests in. The Fund’s performance is reliant on the Manager’s expertise in managing
the Fund to meet its objective.

Unlike fixed deposits which generally provide a guarantee on capital invested and carry specific rate of return, the Fund’s
investment into the bond does not provide a guarantee on capital contributed nor does it guarantee a fixed rate
of return."

The Fund endeavours to distribute income, if any, on an annual basis. However, the amount of income available for
distribution may fluctuate from year to year.

Document source link: https://aham.com.my/invest-with-us/list-of-...tails?q=SBS4HCF

Different from what our CIMB's bank manager says regarding on capital guarantee.

Standard fund disclaimer hence it is already proven that the fault is not in AHAM hands

Do you have any written or actual recorded verbal communication on capital guarantee as you can file a civil claim against the bank manager and CIMB for product disclosure return misleading and confusing to customers?

Most likely you have file via tribunal 1st and if the tribunal is not able to make a decision satisfactory to both parties then you drag to civil court claim

Make them feel the pain for product and putting customer negligence on handling of your funds and only worth it if you are talking of losses more than tm100k which I am sure it is even higher

Did cimb represent to you a capital guarantee?


This post has been edited by Cubalagi: Apr 11 2023, 05:17 PM