Would like to hear from you guys regarding this closed-end fund listed in klse, ICAPITAL. Actually stumbled across a write-up in the Msia STAR on its FM, Tan Teng Boo, who apparently appears on Bloomberg & CNBC. He also runs a global fund for AIs.
Some key stats & ratios from google finance - http://finance.google.com/finance?q=KUL:ICAP
Quarterly Annual Annual
(May '08) (2008) (TTM)
Net Profit Margin 45.98% 85.55% 85.55%
Operating Margin 65.58% 90.04% 90.04%
EBITD Margin - - -
Return on Average Assets 3.53% 22.42% 22.42%
Return on Average Equity 3.56% 22.61% 22.61%
Its latest NAV = RM1.74 - http://www.icapital.biz/english/ & last traded at RM1.80 - http://www.klse.com.my/website/bm/marke ... ion/prices
My view: This fund is a good option for pple who cannot actively monitor klse mkt but wants to profit from it. Have been monitoring this fund some time...the current spread has dropped significantly as it went as high as 19% some mths back.
Not sure what are the cons, though.