Any members here part of AHAM Capital or have invested with them?

Are u referring to some bond series specifically? Otherwise not much of issue.

The bond currently suspended from trading but still accruing interest. Waiting to see what is their next step.

All bonds have this kind of risk.

Referring to the item in bold, how do you derive this values?

FINMA has indicated that the bond value for AT1 is write down to ZERO. Did FINMA say that the AT1 holders will get something??

https://www.ft.com/content/3f405e6d-d4a3-46...ba-3ec9cf4f7054

Press statement, do you have a link? Their communique didn't mention anything about that.

I am skeptical about what you mention, paper loss, as it seems its a total loss based on most major financial media reportings.

In any case, its academic now, will see how it plays out.

Not everyone has visibility but its not wrong to ask and take it the wrong way.

The factsheet at at 28 Feb 23 for both series 2 and 4 states 95.6%(AT1)/4.4%(Cash) and 95.7%(AT1)/4.3%(cash) respectively.  ... Also, what about the FX forward intended for hedging, the bank would have pulled the credit line and unwind FX forward.

Still highly doubtful that AT1 investors will get anything (even though paper value suggest otherwise), if it is open and shut, folks like Lazard, Pimco, Artemis won't be launching a suit over the shotgun marriage made by FINMA and UBS.

Definitely,  exciting times.

Would like to know anyone have used them and their experience dealing with them. Is there minimum amount of capital for using them?

bought AHAM single bond series 4 through CIMB

what about AHAM Single bond series 2 and 4 ?

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

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 ?

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.

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.

their ETF products are also suspended & no longer traded

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.

No written or recorded verbal communication on our CIMB's bank manager says that bond principal is guaranteed.

Given only the below document, but did not disclose AHAM's side on capital not guaranteed as stated in it's PRODUCT HIGHLIGHTS SHEET for AHAM Single Bond Series 4 (Formerly known as Affin Hwang Single Bond Series 4)

So the bank did not share with you the Aham prodict disclsoure sheet?

I think you should still complaint on the basis of misleading sales practice as you were not made fully aware of the risk of the product, in addition to the not following instructions to liquidate.

Right now follow up on the banks response.

After that, if unsatisfactory, get ready to escalate to the relevant authorities.

Ya, because it's a bank and it's CIMB and it's what the bank manager said to us.

Alerting forum members whose friends or relative that has purchased AHAM SINGLE BOND SERIES 2 AND 4 through CIMB to kindly leave a contact info, we are forming a WhatsApp group to keep each other updates relating to this recent bond write off to zero. Thanks.

AHAM filing lawsuit ?

AHAM no money to file lawsuit ?