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You never know who's swimming naked until the tide...
Balaa
#11 Posted : Friday, January 17, 2020 11:04:07 AM
Rank: Member

Joined: 7/6/2018
Posts: 175
Location: Kinshasa
winmak wrote:
Again I ask, for myself, if one is invested in these pooled funds, what level of access does one have in knowing where the pooled funds are invested?

I for eg am heavily invested in CIC MMF, and would like to know quartely reports of where the pooled cash is invested, how/where do i get thet. this helps so that if i see them invest in something i dont believe in or like i can start slowly to pull out.

Well CMA doesnt obligate the unit trusts to make such disclosures the same way RBA does for pension fund managers. Even Amana's silly trustee representative had the audacity to tell members at the extraordinary general meeting that Amana is a transparent fund manager by virtue of the act of calling members to a special meeting to disclose the investment they'd made in Nakumatt.
Your only shot is to befriend a top insider for you to be forewarned. In any case such an insider would be betraying their employer's duty of confidentiality. That's how I managed to withdrawal most of my funds in Amana before the freeze. I knew the former GM personally, hence when he fell out with Amana's co-founder Hardy Pemhiwa he told me to withdrawal my funding. I first thought he was hating because of the fallout but I listened to my gut and took action, albeit late.
If it don't make dollars, it don't make sense
Angelica _ann
#12 Posted : Friday, January 17, 2020 11:23:13 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Balaa wrote:
winmak wrote:
Again I ask, for myself, if one is invested in these pooled funds, what level of access does one have in knowing where the pooled funds are invested?

I for eg am heavily invested in CIC MMF, and would like to know quartely reports of where the pooled cash is invested, how/where do i get thet. this helps so that if i see them invest in something i dont believe in or like i can start slowly to pull out.

Well CMA doesnt obligate the unit trusts to make such disclosures the same way RBA does for pension fund managers. Even Amana's silly trustee representative had the audacity to tell members at the extraordinary general meeting that Amana is a transparent fund manager by virtue of the act of calling members to a special meeting to disclose the investment they'd made in Nakumatt.
Your only shot is to befriend a top insider for you to be forewarned. In any case such an insider would be betraying their employer's duty of confidentiality. That's how I managed to withdrawal most of my funds in Amana before the freeze. I knew the former GM personally, hence when he fell out with Amana's co-founder Hardy Pemhiwa he told me to withdrawal my funding. I first thought he was hating because of the fallout but I listened to my gut and took action, albeit late.


CMA and other watchdogs in Kenya are just toothless and fraud in themselves.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
winmak
#13 Posted : Friday, January 17, 2020 12:08:38 PM
Rank: Member

Joined: 12/1/2007
Posts: 539
Location: Nakuru
Balaa wrote:
winmak wrote:
Again I ask, for myself, if one is invested in these pooled funds, what level of access does one have in knowing where the pooled funds are invested?

I for eg am heavily invested in CIC MMF, and would like to know quartely reports of where the pooled cash is invested, how/where do i get thet. this helps so that if i see them invest in something i dont believe in or like i can start slowly to pull out.

Well CMA doesnt obligate the unit trusts to make such disclosures the same way RBA does for pension fund managers. Even Amana's silly trustee representative had the audacity to tell members at the extraordinary general meeting that Amana is a transparent fund manager by virtue of the act of calling members to a special meeting to disclose the investment they'd made in Nakumatt.
Your only shot is to befriend a top insider for you to be forewarned. In any case such an insider would be betraying their employer's duty of confidentiality. That's how I managed to withdrawal most of my funds in Amana before the freeze. I knew the former GM personally, hence when he fell out with Amana's co-founder Hardy Pemhiwa he told me to withdrawal my funding. I first thought he was hating because of the fallout but I listened to my gut and took action, albeit late.



Thanks @Balaa, sasa kazi ni kutafuta the top guys, I know a few, but these ones I doubt have high level info
For investors as a whole, returns decrease as motion increases ~ WB
sparkly
#14 Posted : Friday, January 17, 2020 12:44:10 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
winmak wrote:
Balaa wrote:
winmak wrote:
Again I ask, for myself, if one is invested in these pooled funds, what level of access does one have in knowing where the pooled funds are invested?

I for eg am heavily invested in CIC MMF, and would like to know quartely reports of where the pooled cash is invested, how/where do i get thet. this helps so that if i see them invest in something i dont believe in or like i can start slowly to pull out.

Well CMA doesnt obligate the unit trusts to make such disclosures the same way RBA does for pension fund managers. Even Amana's silly trustee representative had the audacity to tell members at the extraordinary general meeting that Amana is a transparent fund manager by virtue of the act of calling members to a special meeting to disclose the investment they'd made in Nakumatt.
Your only shot is to befriend a top insider for you to be forewarned. In any case such an insider would be betraying their employer's duty of confidentiality. That's how I managed to withdrawal most of my funds in Amana before the freeze. I knew the former GM personally, hence when he fell out with Amana's co-founder Hardy Pemhiwa he told me to withdrawal my funding. I first thought he was hating because of the fallout but I listened to my gut and took action, albeit late.



Thanks @Balaa, sasa kazi ni kutafuta the top guys, I know a few, but these ones I doubt have high level info


Ask them to provide you with Fact Sheets. Fact Sheets disclose assets that the fund had invested in and the returns.

If the don't provide you with fact sheets, move your money to a more open fund.
Life is short. Live passionately.
VituVingiSana
#15 Posted : Friday, January 17, 2020 1:22:05 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
winmak wrote:
Again I ask, for myself, if one is invested in these pooled funds, what level of access does one have in knowing where the pooled funds are invested?

I for eg am heavily invested in CIC MMF, and would like to know quartely reports of where the pooled cash is invested, how/where do i get thet. this helps so that if i see them invest in something i dont believe in or like i can start slowly to pull out.
So that's the withdrawal method I have heard about. but never managed! Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Impunity
#16 Posted : Saturday, January 18, 2020 6:32:09 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
Angelica _ann wrote:
[quote=Kusadikika]

goes out.

https://www.businessdail...21094-xpnkff/index.html[/quote]

Always sad!!!


Sad sana.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

Ericsson
#17 Posted : Saturday, January 18, 2020 7:04:13 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Angelica _ann wrote:
Balaa wrote:
winmak wrote:
Again I ask, for myself, if one is invested in these pooled funds, what level of access does one have in knowing where the pooled funds are invested?

I for eg am heavily invested in CIC MMF, and would like to know quartely reports of where the pooled cash is invested, how/where do i get thet. this helps so that if i see them invest in something i dont believe in or like i can start slowly to pull out.

Well CMA doesnt obligate the unit trusts to make such disclosures the same way RBA does for pension fund managers. Even Amana's silly trustee representative had the audacity to tell members at the extraordinary general meeting that Amana is a transparent fund manager by virtue of the act of calling members to a special meeting to disclose the investment they'd made in Nakumatt.
Your only shot is to befriend a top insider for you to be forewarned. In any case such an insider would be betraying their employer's duty of confidentiality. That's how I managed to withdrawal most of my funds in Amana before the freeze. I knew the former GM personally, hence when he fell out with Amana's co-founder Hardy Pemhiwa he told me to withdrawal my funding. I first thought he was hating because of the fallout but I listened to my gut and took action, albeit late.


CMA and other watchdogs in Kenya are just toothless and fraud in themselves.

Once the people in the watchdogs get their cut, anything goes
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#18 Posted : Saturday, January 18, 2020 7:05:47 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
sparkly wrote:
winmak wrote:
Balaa wrote:
winmak wrote:
Again I ask, for myself, if one is invested in these pooled funds, what level of access does one have in knowing where the pooled funds are invested?

I for eg am heavily invested in CIC MMF, and would like to know quartely reports of where the pooled cash is invested, how/where do i get thet. this helps so that if i see them invest in something i dont believe in or like i can start slowly to pull out.

Well CMA doesnt obligate the unit trusts to make such disclosures the same way RBA does for pension fund managers. Even Amana's silly trustee representative had the audacity to tell members at the extraordinary general meeting that Amana is a transparent fund manager by virtue of the act of calling members to a special meeting to disclose the investment they'd made in Nakumatt.
Your only shot is to befriend a top insider for you to be forewarned. In any case such an insider would be betraying their employer's duty of confidentiality. That's how I managed to withdrawal most of my funds in Amana before the freeze. I knew the former GM personally, hence when he fell out with Amana's co-founder Hardy Pemhiwa he told me to withdrawal my funding. I first thought he was hating because of the fallout but I listened to my gut and took action, albeit late.



Thanks @Balaa, sasa kazi ni kutafuta the top guys, I know a few, but these ones I doubt have high level info


Ask them to provide you with Fact Sheets. Fact Sheets disclose assets that the fund had invested in and the returns.

If the don't provide you with fact sheets, move your money to a more open fund.

True, Kenyans trust these people too much
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
sparkly
#19 Posted : Saturday, January 18, 2020 7:36:29 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
VituVingiSana wrote:
winmak wrote:
Again I ask, for myself, if one is invested in these pooled funds, what level of access does one have in knowing where the pooled funds are invested?

I for eg am heavily invested in CIC MMF, and would like to know quartely reports of where the pooled cash is invested, how/where do i get thet. this helps so that if i see them invest in something i dont believe in or like i can start slowly to pull out
So that's the withdrawal method I have heard about. but never managed! Laughing out loudly



Laughing out loudly Laughing out loudly Laughing out loudly
Life is short. Live passionately.
Ericsson
#20 Posted : Saturday, January 18, 2020 8:02:42 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
sparkly wrote:
VituVingiSana wrote:
winmak wrote:
Again I ask, for myself, if one is invested in these pooled funds, what level of access does one have in knowing where the pooled funds are invested?

I for eg am heavily invested in CIC MMF, and would like to know quartely reports of where the pooled cash is invested, how/where do i get thet. this helps so that if i see them invest in something i dont believe in or like i can start slowly to pull out
So that's the withdrawal method I have heard about. but never managed! Laughing out loudly



Laughing out loudly Laughing out loudly Laughing out loudly


If you don't believe in that thing you withdraw slowly Laughing out loudly
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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