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?

Bring this clause 1.7.7 to SIDREC or SC and see if you have grounds to file a complain and whether compensation is allowed. All the best, TS.

The clause seem to have a few loop holes to allow investment to exceed 20% or 30%. Let's see if the fund manager have any excuses/answers to SC to exceed that percentage.

NAV dropped 20% just because one sukuk is writeoff is a major big red flag.