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Kop
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Posting #7: Wed May 9th, 2007 05:39 |
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| You didn't send them UOB 100 page property report mah, otherwise they sai lang Tebrau lor. RM40 become RM100m. :D
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Moolah
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Posting #8: Thu May 10th, 2007 01:47 |
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Kop wrote: You didn't send them UOB 100 page property report mah, otherwise they sai lang Tebrau lor. RM40 become RM100m. :D
LOL!!!!
It appears that AmIncome Fund is managging their fund... shall i email them the old reports? :s3:
btw.. did a full review http://whereiszemoola.blogspot.com/2007/05/review-on-ornasteel-again.html
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Kop
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Posting #9: Thu May 10th, 2007 02:01 |
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During the quarter under review the Group has invested RM20.240 million in AmIncome Fund
Ahhh.. AmIncome Fund.
I did a check and discovered that AMInvestment runs several AmIncome funds.
One example is AmIncome Advantage. Crucially, all these funds are in either in bonds or the money market. Here's the blurb:
Objective
This Fund aims to provide steady growth from investing in money market and other fixed income instruments.
Selling Price at Initial Offer is RM1.00 per unit.
Investor Profile
Best Suited for investors who:
- want to invest excess cash for short term
- want steady return from their investments.
Strategy
The Fund will invest primarily in high-quality short to medium term fixed income instruments with minimum long term rating of AA3 by RAM and AA- by MARC or short term rating of P1 by RAM and MARC1 by MARC.
However, we may take a temporary defensive position that may be inconsistent with the Fund's principal strategy in attempting to respond to adverse market condition. The Fund may not achieve its investment objective when this temporary defensive strategy is used.
Asset Allocation: Up to 100% of the Fund will be invested in fixed income and money market instruments.
That would explain the underperformance. I wouldn't blame the fund manager in this case. But whether management's decision was the right one, it remains to be seen.
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Moolah
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Posting #10: Thu May 10th, 2007 02:06 |
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Hmm..
many thanks for the update...
I do see that it could be extremely subjective, yes?
On one hand, some might want a more aggressive approach or fund since considering that this IS A BULL market, right?
But on the other hand.. there is justification for a safer approach.
However... it still bugs ppl like ME!
Cos at the end of the day, these money belongs to the plc, hence it belongs to the minority shareholders too. Hence, returning excess cash is a preferred option for me.
:D
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Kop
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Posting #11: Thu May 10th, 2007 02:10 |
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Agreed lah.
But...in a way, you could argue that your share of the cake is in relatively safe hands at this juncture.
Of course it would have been much safer under your own pillow. :D
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Moolah
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Posting #12: Thu May 10th, 2007 02:14 |
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Kop wrote: Agreed lah.
But...in a way, you could argue that your share of the cake is in relatively safe hands at this juncture.
Of course it would have been much safer under your own pillow. :D
LOL!!!
Under my pillow? How you know that cows have huge pillows?
:s3:
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