There are a lot of hanky panky stuffs going on behind the scene I guess.

I too went into Public Mutual fund withdrawing 35k from EPF. Strange that it actually managed to drop 30% about a year or two into it. Not even the dividend (additional units) was able to cover the losses. Just when I was about to give up, covid hit, and guess what. It somehow rebounded and in the end, I still made about 2k++. Withdrew everything never touched these funds again.

My friend who was working with PBB actually make decent money from their own UT. First staff dont have to pay the management fees plus he was friendly with those investing dept guys. So he kinda gets some info on which to avoid.

Oh okay the heritage series. My 2cents only, do correct me if I am wrong.

The heritage income is basically a feeder fund that feeds into Fullerton SGD Income Fund (Target Fund). It is required to invest 95% of its NAV in the target fund and remaining may be used for liquidity purposes. The management fee can only be charged once to the unit holder namely either on feeder fund or target fund. There is no benchmark for this fund because its not a mandatory requirement (also they have removed this requirement for retail funds as well).

For target funds especially those establish as a UCIT fund in Europe i.e. in Dublin or Luxemburg, it's common for funds to distribute out of capital. It's not a loop hole especially for feeder fund and on top of that you are suppose to be a sophisticated investor to invest in a wholesale fund.

In Malaysia, the regulators have also relax provisions (however additional disclosures required) to enable distribution out of capital.

In your case, I had a quick glance of the annual and semi annual report for both feeder and target fund, I didn't note that there was any payment made out of capital. IF someone see any indication, do let me know. The fund seem to have exposure in Asia (I think Asian fixed income aren't all that hot right now) and some in China as well and some real estate. That probably explain some of the erosion in the performance of the fund.

I think foreign source income may also have an impact on the income derived abroad but do check with your RM on that as well.

Quite interesting fund.


I think ultimately depends on a lot of factors, like fund manager (same fella who has been managing the fund for 10 years+), changes in regulatory or law (example introduction of 30% WHT by US or Foreign Source Income), thematic funds (tech fund, becomes obsolete with AI) etc...

Each fund goes through a particular cycle but if you are just plain lazy (like me) haha... probably go for conventional strategies like Growth, Balance or Income, let the fund manager asset allocate throughout the economic cycle but be mindful if you intend to go geographic, thematic or instrument specific.

Quite informative but if distribution is on monthly profits but still NAV drops significantly, what do you see?

If you are making profits and you can distribute monthly, NaV value should be maintained... u know i know

It had been told and discussed previously in lyn...
For UT, after the distribution , the NAV of the fund will drops

definitely will drop to equilibrium.

but this fund is otherwise

nvtl, i also lazy to point out but 100% is Sukuk type

You have to put UT or any investment in some prospective ….if u have bought it when it has dipped by 30% and sell it have it when it has risen, you would have made about 50%.

But then the next question will be, would other investment would have performed the same, better or worst….if it follows KLCI index or whichever country stock index the UT is based on, performance the same then the UT is really nothing special……that’s why some of the best guru in the world just recommend SP500 low cost index fund.

Beating the average is just hard.

Different 🤦‍♀️ SA is buying and riding on KWEB during the pandemic and they would have make money 🤦‍♀️ but because of greed and hodling if they would have sell it at the peak during Feb 2021

RHB is the case where left hand issuance as LA/FA while getting the RHBAM to hold bag on the right hand 🤦‍♀️ so it is 2 different cases whereby RHB is internally cycle from issuance to holding to zeroise without any outside holdings or tradings

1stly you cannot compare as this would feeder fund not directly managed fund by the fund manager itself 🤦‍♀️ plus only the past year most Japanese have been performing but not in the past 40 years since the late 80s 🤦‍♀️ so don’t compare that way as 1 year is just anamoly for the past year but not performing this year

How about this fund?

KAF Core Income Fund

https://www.fsmone.com.my/funds/tools/facts...t?fund=MYALOINF

Very Bursa heavy funds but so far past few 3 years been performing but on longer term for 10 years not that promising

You need to do your research whose is the fund manager executing its strategies