The concentration risk due to over the allowed max % from the mandate could be, due to,
Many Investors exited the fund in large amount before that sukuk defaulted was announced officially to the public. When that happens the FM had to sell off holdings in that fund to meet those redemption.
Due to that holding having issue, it cannot not sell that holding. FM had to sell off other holdings.
End up that holding with issue will become a larger than expected % holding in the fund.

Hopefully the issuer of that sukuk can manage to pay back that sukuk. If that happens the NAV of that UT will shoot up tremendously.
Happened just few years ago to some of the RHB funds too

This post has been edited by MUM: Sep 19 2023, 12:56 PM

aurora97, are you asking to change the deeds that had been established?
Or "he" is just ..........

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