请问有人买Amdynamic bond 么？会值得买么？有风险么？

caoyun

回复  caoyun

原来如此，在那个时候他入这一行的确比较不幸。

所以AmBank推出Brazilian Fund，说什么 ...
ahlauweihotmail 发表于 17-1-2012 11:41 PM

total profile 还是亏的.. 但由于有些别的 cover 了一点... 所以现在四个轮都回来了... 剩下车镜呀.. 什么的还在亏.. 哈..
有时候我宁愿去 bank 见他们..也不要他们出来.. 因为一旦叫人出来.. 就有购买的压力... 一直念.. 有些修养不够的.. 还会说你现在不好好投资.. 以后生病呀, 老了没人要什么的..

有时候, 我觉得他们需要进修说话的艺术.. 呵..

ahlauweihotmail

我也是超爱买bond fund 的，除了比较稳， 也可以让我预测我一年的赚幅是多少。之前我有买public 的 bond，但很多表现好的都关了，所以就试下am dynamic bond.从去年9月到现在， 回酬都还ok,只是1%exit fee 真的是蛮高的，所以除非看长远，否则扣除1%， 回酬将所剩无几。（public mutual bond 才 0.25%)
侠者 发表于 17-1-2012 10:24 AM

对，没错。
（假设）
你会选择每年给你稳定9%，出场费1%的基金，还是一年10-15%，进场费5%，而且赎回的时候还得看他的脸色（价）的基金呢？
所以，看你要什么。

其实，那1%的出场费会归为该基金的账户内。我刚发现，那1%的出场费会提高一点点NAV。

AK-

不懂有没有算错。。。

2档债券型基金，前置服务费 Vs 后置服务费的结果。。。
A）假设 2档债券型基金表现相同

投资额	RM100,000.00			投资额	RM100,000.00
前置服务费	0.25%			前置服务费	0.00%
扣除前置服务费之后的实际投资额	RM99,750.62			扣除前置服务费之后的实际投资额	RM100,000.00
债券型基金3年表现	24%			债券型基金3年表现	24%
市值	RM123,690.77			市值	RM124,000.00
				后置服务费	1%
赎回基金（套现）	RM123,690.77			赎回基金（套现）	RM122,772.28
服务费成本 =	RM100,000 -RM99,750.6			服务费成本 =	RM124,000 -RM122,772.28
=	RM249.38			=	RM1,227.72

B）假设 后置服务费的债券型基金 表现比 前置服务费的债券型基金好。

投资额	RM100,000.00			投资额	RM100,000.00
前置服务费	0.25%			前置服务费	0.00%
扣除前置服务费之后的实际投资额	RM99,750.62			扣除前置服务费之后的实际投资额	RM100,000.00
债券型基金3年表现	24%			债券型基金3年表现	27%
市值	RM123,690.77			市值	RM127,000.00
				后置服务费	1%
赎回基金（套现）	RM123,690.77			赎回基金（套现）	RM125,742.57
服务费成本 =	RM100,000 -RM99,750.6			服务费成本 =	RM124,000 -RM122,772.28
=	RM249.38			=	RM1,257.43

AK-

bloomberg 资料 ：http://www.bloomberg.com/quote/ABMBNDF:MK/chart

ahlauweihotmail

bloomberg 资料 ：
AK- 发表于 19-1-2012 12:13 PM

   给我们看AmBond干嘛？咱聊的是AmDynamic Bond。

ahlauweihotmail

不懂有没有算错。。。

2档债券型基金，前置服务费 Vs 后置服务费的结果。。。
A）假设 2档债券型基金表 ...
AK- 发表于 19-1-2012 11:54 AM

欢迎光临这贴，谢谢你的付出。

我没特地检查你的计算，应该都对。
的确，那1%的出场费削减了赚幅。但两年过后就会看见分别了。
这也许是个好处，拥有者不会当着它是短期的FD，不会随意买卖。就算卖了，那1%的出场费也回归于该基金，而不是AmBank拿，而那笔钱无形中稍微提高了NAV。
如果你看回前几页，我提过这基金刚面市时是收2%的进场费的，过后改成了1%的出场费。竞争越来越大，说不定几年后经理会取消那1%的进场费。

侠者

当初要买amdynamic bond 时也想了很久，尤其是那一巴仙的exit fee,更让我挣扎了很久，因为之前我买public bond 只付0.25%，但比较了5年的回酬，amdynamic bond 的回酬的确比较高，再加上很多回酬比较好的public mutual 的bond 都关了，剩下的public mutual bond 的回酬有些真的很差。自己本身也担心amdynamic bond的回酬比较好是不是有什么问题， 所以就去找他的annual report 来看， 发现他投资的全部都是 bond rating AA评级以上的，和public bond 不相上下，所以就下定决心试一试

ahlauweihotmail

我当初会接触AmBond与AmDynamic也是因为PBOND与PIBOND关闭了，那个时候PSTBF与PISTBF还未推出。
AmBond我只把它当成FD，随时都会套现。
AmDynamic就放着至少五年，当做是我投资组合的一部分。

yl_ng

AmDynamic bond几时会分distribution?因为往年都是一月多会分一次的~ 我打算分了后，价钱低了点再买~~

MyKy44

The unthinkable happened in 2011. For the first time in several decades, the 30-year annualized returns of Treasury bonds surpassed the dividend adjusted gains of the S&P 500.

According to Morningstar, Treasuries scored an annualized return of 11.03% a year over the past 30 years, squeaking past the 10.98% annualized return of the S&P 500 in that time.

The rare event defies logic. We've been told that stocks outperform fixed-income investments. We've been told that risk and return are related. If you want greater returns, you have to take bigger chances by choosing stocks over bonds. However, a combination of the "lost decade" for stocks and plunging interest rates driving up the price of long-term fixed-income investments have turned the two asset classes into passing ships.

Take a picture if you want -- because this won't last.

Equities remain the investment of choice for those seeking the greatest long-term returns. Let's go over a few reasons why.

1. Stocks Have Rarely Been This Cheap

The beauty of stocks as investments is that their fundamentals never stand still.

Microsoft (MSFT) has been a disappointment on this side of the millennium. The stock has gone from a split-adjusted price of $45.53 a share at the end of 1999 -- when the dot-com bubble was inflating and the theory was that folks would be upgrading their PCs to avoid any Y2K hang-ups -- to $25.96 a dozen years later.

Microsoft isn't growing as quickly as it used to back in its prime, but the world's largest software company is in fact still growing. Sinking share prices and increasing profitability provide a stark contrast in valuations. The same Microsoft that was trading for more than 50 times earnings at the peak of the dot-com bubble is now fetching just 10 times what analysts are targeting for this fiscal year that ends in June.

Mr. Softy is just one example. Even some of the stocks that have bucked the malaise and appreciated considerably during the "lost decade" for equity prices are trading at historically low multiples. Apple (AAPL) has been a big winner in recent years, but the class act of Cupertino is being exchanged these days for a mere 12 times this fiscal year's projected profitability.

2. Bonds Have Rarely Been This Expensive

A bond's price and its interest rates are inversely related. If you buy a new 30-year bond with a 2% yield and interest rates drop, the principal value of the bond will increase. If you ever flip on CNBC and see bond prices climbing on bad news and shrinking on good news, it's actually the result of interest rates heading lower when the market's worried or rising when the economy's doing well and inflation fears begin to creep in.


The Fed has been trying to keep rates near historic lows, hoping that businesses borrow to stimulate the economy and potential homebuyers take out cheap mortgages to put an end to the real estate meltdown.

Obviously these low rates aren't sustainable in the near term.

It's not as if you can lock in that historical 11.03% rate, either. The current yield on 30-year Treasury bonds is hovering around 3%. Hold it until it matures in 30 years, and that's exactly what your annualized return will be. However, if you have to sell it in the future -- and odds are that rates will be at least a little higher -- you're going to have to sell it for less.

3. Stocks Are the Best Investment Class

Gold had a good run over the past couple of years, and everyone has a rich uncle who scored big by playing commodities, but stocks remain the asset class of choice for investors willing to commit to the research to smoke out the better companies.

Buy a bond, and the interest payments are a steady trickle. Buy a growing company and either capital appreciation or dividend hikes can reward your choice.

Retailer REIT Federal Realty (FRT) has come through with 44 consecutive years of declaring higher dividends. Disbursements-processing giant Automatic Data Processing (ADP) has come through with 37 straight years of meatier payouts. Your Treasury bond can't do that.

Sure, there will be times when stocks lose money, often during interminable bearish stretches. They will never provide the stability that settling for 30 years today at 3% will deliver. However, all of the trends that have boosted bond returns over equities are on the verge of reversing.

yl_ng

回复 170# MyKy44


   什么意思?在比较bond 和 equity?

ahlauweihotmail

过去几个月该基金的被持有单位。

2011年1月底 - 121.14 million
2011年2月底 - 133.52 million （2月初分利）
2011年3月底 - 不详
2011年4月底 - 151.42 million
2011年5月底 - 158.59 million
2011年6月底 - 169.50 million
2011年7月底 - 186.42 million
2011年8月底 - 222.58 million（8月初分利）
2011年9月底 - 267.69 million
2011年10月底 - 293.84 million
2011年11月底 - 296.17 million
2011年12月底 - 309.98 million

破三亿了，基金规模加大了？

ahlauweihotmail

这只基金赢得了三年期与五年期最佳债卷基金奖。加油、加油。

蓝海.雨水

请问3月14号为什么会降那么多，大概下3.26%，是ditributor吗？

dracochin

回复 151# yl_ng


   可以用maybank2u.com，我之前就是用maybank2u转账的。

ahlauweihotmail

找到了资料，最新的fund size是 450m units。

my_garric

我也是想买进这个基金。。但是现在入场是时候吗？因为怕大选后会跌 >.<

ahlauweihotmail

我也是想买进这个基金。。但是现在入场是时候吗？因为怕大选后会跌 >.
my_garric 发表于 19-3-2012 01:15 AM

什么原因令你想买这基金？债券基金跟股票基金不一样，波动不大。那你就等等吧，大选过后再考虑。

my_garric

回复 178# ahlauweihotmail


    想投资上5-10年。。再加上很多人都对着基金给了很好的评语。。所以就选它咯

ahlauweihotmail

回复 179# my_garric


   我也是还有一笔，选择大选后再加。