Posted by buddyinvest > 2016-10-05 20:47 | Report Abuse

Good luck SOS

Posted by MG9231 > 2016-10-05 21:43 | Report Abuse

Icap Biz hahaha....
TTB suka-suka feed in his comparisons at his fancy.

In the early few years, when Icap bhd was doing well, every year during Icap Bhd AGM, he boasted himself his performance was better than Warren Buffett with colorful graph showing how well his performance if compared with Berkshire Hathaway as both are closed fund. He claim he is warren Buffett of east......

In the latest 3 to 5 years, he don't even dare to show his Compounded growth for 3 years and 5 years performances respectively. Not to mentioned his comparative performance with Berkshire Hathaway.

He only show his cumulative performance since Icap Biz inception .

For any fund house report, the standard reporting is to have performance for 3, 5 and from date of its inception.....

I can't agree more what have quoted by you:

"Time is a friend of a great business, and it is an enemy of a lousy business"

Posted by sosfinance > 2016-10-05 23:22 | Report Abuse

Top Small Cap Fund (As at 31 August 2016) - can be used as benchmark
Eastspring - 1 yr = 18%, 3 yrs = 73%, 5 yrs = 180%, (since inception 758% from 29 May 2001)
CAGR since inception = about 14% p.a. (15 years)

Top 5 holdings (4-5% each) = Kerjaya Prospek, Inari, United U-Li, Berjaya Auto, Oldtown (Total 20% of fund size of RM353m)

Posted by Jonathan Keung > 2016-10-05 23:42 | Report Abuse

ttb { icap} has perform below par. no excuses whatsoever for the past 4-5 years. ttb still slinging the same old song. market crash or over valued. please be a professional accept your mistake

Posted by sosfinance > 2016-10-06 12:37 | Report Abuse

Kenanga Growth Fund
Inception 17 Jan 2000 (16 yrs 9 mths)
Size: RM726m (22% Cash)
Top 5: Tenaga, LBS, Pestech, Press Metal, Inari

Performance
2000 to 2009 - 0%
2009 to 2016 - 325% (CAGR = 18%)
Since inception = CAGR = 7.5%p.a.

Perhaps, a new good fund manager just joined in 2009/10. So, it is not as easy choosing a winning unit trust. In fact, if you ask me, it is easier to select a winning stock than a winning unit trust.

Kenanga Growth Funds is an inverse of iCapbiz (first 5 years doing very well, second 5 years 0% return).

Posted by sosfinance > 2016-10-06 12:47 | Report Abuse

Similarly like Kenanga Small Cap Fund

Eastspring Small Cap
2001 to 2009 - <50%
2009 to 2016 - 758% (CAGR = about 28%)
For Eastspring to perform CAGR next 7 years for 28% is very very difficult (probability <50%) Am sure the Fund Manager won many awards, if he or she joined 7 years ago.

Posted by sosfinance > 2016-10-06 12:59 | Report Abuse

Eastspring
Between July and Aug, Eastspring sold down their holding in ULICORP from 7.34% (RM26m) to 4.14%, the share price dropped from RM6.50 per share to RM4.00 per share. This is the "risk" of small cap stocks. When they reduce their holdings, the price will drop significantly.

That is what we called

"A RISING TIDE LIFTS ALL BOATS"

That is why, the market gave a lower PE for small cap stocks. Am still researching how many and how much small cap funds raised over the last 5 years. I have a feeling it doubled. Lets not speculate, will find out the fact later.

Posted by PlsGiveBonus > 2016-10-06 14:07 | Report Abuse

Dumb dumb hold property = profit
:)

Posted by repusez > 2016-10-06 14:29 | Report Abuse

chen fan fai was kenanga growth fund manager since 2009, he left in 2013 to join eastspring

https://www.fundsupermart.com.my/main/research/-View-Fund-Focus-Kenanga-Growth-Fund-694

Posted by sosfinance > 2016-10-06 21:31 | Report Abuse

Thanks for the info repusez. Most funds started in 2009 shows good results because a rising tide lift all boats, provided you are in the boat. Isn't it?