Since I wrote about a topic that related to a fund in the "Personal Financial Management" of which I think the topic is relevant to fund management, so just copy it to this fund section.

"Since some of you are so keen into investment, maybe I can recommend you to have a look on this close-end fund, i.e. icapital.biz berhad. This fund is listed on the main board of Bursa Malaysia. This fund was launched since 19-Oct-2005 with a NAV per share of RM1, it does not pay any dividend but it's NAV per share is about RM2.47 today. This fund is investing Bursa Malaysia whereby only no more than 10% of its fund should be put into unlisted companies in Malaysia.

Since this fund does not pay any dividend, we can use the money weighted average return method to calculate it's return. As it's fund NAV per share grows from RM1 to RM2.47 since last 5.04 years (which means if you put in RM10,000 into the fund 5 years ago, it would have doubled your wealth to be RM24,700 today), the fund's return on the NAV is shown below:-
NAV average compounded annual return (for 5 years) = (RM2.47/RM1)^(1/5.04) - 1 = 19.65%

Some of you might claim that close-end fund will not be traded at it's NAV because it's a norm for a close-end fund to be traded in discount, then we can look at the ICAP's return base on its share price (which is around RM2.04 now) to get the ROI as stated below:-
ROI average compounded annual return (for 5 years) = (RM2.04/RM1)^(1/5.04) - 1 = 15.2%

IMHO, I think a fund with the return of 15.2% each year is quite good, and it bits the KLCI benchmark quite handsomely. Of course, we should not only look at the return but also the risk side. This fund is investing shares in Bursa Malaysia, so it's NAV and share price could be volatile. In order to make profit from this fund, investors should plug in money in this fund for long term. Let say if an investor put in money 5 years ago and sold 3 years later at 2008/2009, he can only makes an annual compounded return approximately at 6.3%, if wait another 2 more years he can make a higher profit.

You can find out more about this fund from the ICAP's and Bursa website with the links stated as below:-
http://icapital.biz/english/
http://www.bursamalaysia.com/website/bm/li...ments/index.jsp

BTW, I hereby disclaim that I'm the shareholder of ICAP, so anyone who invest in ICAP now could have positive impact to the share price and this could indirectly benefit me...

Below is the attachment that showing the performance chart and table of this fund. "

Can we consider trying Forex Trading as an investment?

What if, i ask somebody who is expert in Forex Trading to trade for me & we divide the profit 55%-45%

Is that fair for me?