Friday, 4 September 2009

Komaba Global Bond Fund is going to be terminated on 5 October 2009!

Dear Reader,

It has been awhile since I last blog as I was busy being interviewed and contributing articles which will be restricted from publishing them until the magazine or website publish them for at least 2 weeks. Will keep you guys posted!

However, I have a more urgent news to break that is I have been notified by APS Komaba Asset Management Pte Ltd, that A329 Komaba Global Bond Fund will cease subscriptions with effect from today, 4 September 09, as the fund is going to be terminated on 5 October 2009.

Kindly note that more details on the above cessation will be provided shortly.

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Anonymous said...

And the fund price is 50 cents to the dollar... This is supposed to be a low-risk unit trust, now we lose 50%... What can we do?

TEA ENG PENG said...

Seems like the only way is to sell the Fund to cut lost. The fund will be force sell on 5 Oct 2009 anyway. Alternatively is to switch out to another fund if your fund value is still worth more than a thousand.

fatima said...

I was late to know about this. I'm two months late. Any new updates?

Fatima@Life Insurance Questions

TEA ENG PENG said...

Hi Fatima, sad to know that you are two month late. If you have not sold your unit before 5 Oct 2009, then your holding will be force sell and the proceeds will be paid as soon as reasonably practicable after the termination date.

If you have any queries in respect of your investment in the Fund, please feel free to call the APS Komaba Asset Management Pte Ltd at +65 6303 4852 during normal business hour.


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