Monday, November 1, 2010
Lousiest Fund Manager
Today i received a cheque from my investment in Prudential Shariah FX. Do you know how much is it? RM13.02 profit over 3 years or 0.26% return!! This is a capital protected fund that is invested in basket of currencies that bet against the USD. Well as you know currently USD has weakened tremendously against majority of currencies, yet this fund only returned 0.26%. This is really intriguing. Prudential fund managers, you are so damn lousy!! If you can't beat FD rate, you shouldn't be selling investment schemes. Even monkey can perform better.