Sep 19 2023, 12:49 PM
QUOTE(kh12321 @ Sep 19 2023, 09:56 AM)
The recent decline in the NAV(Price) of the RHB funds are due to one of its sukuk holdings, Alpha Circle being written off by fund manager. Therefore, RHB fund manager have embarked on an exercise to write down (zerorise) all market value of Alpha Circle Sdn Bhd (ACSB) Sukuk effective 11 August 2023
Affected funds
1) RHB Bond Fund
2) RHB Energy Fund
3) RHB Golden Dragon Fund
4) RHB Goldenlife Today
5) RHB Growth & Income Focus Trust
6) RHB Income Fund 2
7) RHB Islamic Bond Fund
8) RHB Kidsave Trust
As investors who buy the bonds encountered a sudden lose. Funds were managed inappropriately by incompetent fund manager & team. What should we do to reclaim back the money?
You can't do anything cause when you agree to put money with them it's already mentioned in the documents that there are risk and capital maybe lost.Affected funds
1) RHB Bond Fund
2) RHB Energy Fund
3) RHB Golden Dragon Fund
4) RHB Goldenlife Today
5) RHB Growth & Income Focus Trust
6) RHB Income Fund 2
7) RHB Islamic Bond Fund
8) RHB Kidsave Trust
As investors who buy the bonds encountered a sudden lose. Funds were managed inappropriately by incompetent fund manager & team. What should we do to reclaim back the money?
Moral of story don't invest in anything China or Malaysia (due to politics). That's what I do and I don't bother with unit trust at all except PRS
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