Or so Public Mutual tells me anyway. I received my Quarter Account Statement for the period ending 30th June 2009 on Saturday as you can see from the picture above (edited slightly to remove some personal information). Most of the report looks okay (actually more than okay due to the gains the markets have made in the last quarter). Then my eye wanders down to the Asset Allocation area of the statement and my eyes pop out.

Yep, it claims that I have a whopping RM42,385,804.10 in fixed income funds with Public Mutual. Naturally, as much as my wife would prefer otherwise, it’s a mistake as I’m worth nowhere near as much. After asking around on LYN, it seems this is a common error in this quarter’s statement. Everyone seems to have an incorrect entry in the Fixed Income portion but the actual amount varies from person to person. It does make me a bit uneasy that my mutual fund company would be making mistakes like this.

Incidentally, my blog hosting company Bluehost.com had some connection problems for the past two days, which explains why this post is late. Very annoying.