A conversation with a reader led to a discussion about an old dusty investment which I would not have made knowing what I know today:
Reader:
if you like aims cap reit management so much, then do you like aims property fund?
both are listed in sg
Assi AK
Different animal
I have a legacy position
It was MPSF
it is a fund of funds
just that alone made it a mistake
Reader:
coz aims cap reit is steadily dropping but aims property fund is steadily increasing
Assi AK
the rights issues (two, iirc) were very cheap and i bot more
a few cents per unit, iirc
those were cheaply bot
quite happy
but it still doesn't change the fact that it is a fund of funds which i would not touch these days
Reader:
i guess you would rather diversify them yourselves than to pay extra management fees ......
