Spawn 101,
Can I know what fund that is?
REITS apparently in some quarters of Europe are touted to be good. My good friend bought and lost plenty there. And so it is no surprise when you lose some too if it is in USA.
Many local funds launched are chiefly buying into the local market and the China markets. The local market is likely to go sideways and who knows where the Chinese rogue markets are heading towards. Shenzhen and Shanghai has been moving up like an arrow.
The way I look at it, there is so much liquidity in the market that most funds will get snapped up ever so fast by the sweet talk of fund managers and data miners/executives at the local banks who knows so much about how much fixed deposits you have salted away at their respective banks.
The only good fund that has come this way is ING's Asiapac Guaranteed, launched May 2006 which could take advantage of all the Far East markets minus Japan since the market moved up vigorously beginning second half of 2006. Within 13 months, the fund touched almost 22% returns, now falling back to 17% because of this current sub prime concerns spooking world markets. They have also launched Baraka SGAM I, a global syariah compliant fund and it is on a even keel currently ; not in the money yet.
ING is in world wide banking group and they should smell a stinking rat from the other side of the world to take speedy action to safeguard their open positions and their reputation. I have more faith in them.
For you information Baraka II has just been launched this last week of July and will open for 45 days. Go to the website if you are interested. EON Bank sells Baraka II as well.
