Why are there inverted commas on the word governing? Simple, is our supposedly governing bank really governing or are they being governed by the banks themselves?I received an email from a company that many have seen on highways claiming to be No.1. Now they are emailing anyone and everyone, who will still give them a thought, the fact that they have won 10 awards from Lippers.
Read my reply to 'them' (No names mentioned)!
Ha ha ha...forgive me for laughing, but enough is enough! Many people have gotten their money stuck with you because of your habit of wanting to be the so-called 'best' or the 'top'. And anyway, your fund launching habit has bitten you back in the butt! A lot of your agents are starting to leave you or selling less for you. Take that as a sign la.
10 awards? Big deal, ah? For P***M***, that is a big laugh! If i am not mistaken, in 2005 or 2006, you managed to pride yourselves with advertising that you won 28 awards. from 28 awards to 10 awards this year...hmmm...would you call that an achievement worth talking about? Anyway 10 awards mean that only 7.3% of your 73 funds is worth talking about. but actual numbers are not 7.3% right? Because your small cap was counted twice! Trying to pull a fast one on the unexpecting investors 'AGAIN' are you?
What do I mean by 'AGAIN'? (You really dont know or pretend NOT to know?) Your billboards, oh my god, your billboards...good marketing campaign! But you are 'playing' with people's retirement and education funds here. It is not about marketing, it is about the truth. When you, as a fund house, advertise that you are No. 1, people expect it to be No. 1 in fund performance not No. 1 in fund size (what the hell does your fund size got to do with investors returns?), but of course, you have made yourself right (in the eyes of the law) by having a disclaimer which is there, but too small for a speeding vehicle to really get aglimpse of. (Do the right thing and really show people the truth! Take down your signs. Enlarge the disclaimer and reduce the No. 1) ...No. 1 in fund size and No. 1 in kelentong maybe la...
Anyway, percentagewise, you are not No. 1 in fund performance. Only 7.3% of your total fund stable won awards in 2009-2010 , a drop from about 30% in 2005- 2006...sheeesh....what a joke!
Stop trying to manipulate people and start helping people!
PS: Stop listening to the bankers who are trying to take the credit for your fund performance. After all, they are bankers and bankers are good in collecting money (thus your fund launching campaigns) but not really good in giving people money. (Hey, maybe that will be my next research. What has your owners, the bank, been receiving awards for...hmmm..i wonder. Could I be right?)
