May 17 2009, 02:10 PM
QUOTE(Jordy @ May 14 2009, 07:28 PM)
The problem with FKLI is that you can't hold your position for long term because I believe you can't buy the contract for few years forward and the risk is very high. RM50 per point is too much of a gamble. In my humble opinion, the two effective ways to invest in KLCI for long-term are:
- Buy ETF (may be very illiquid, but it shouldn't be a factor since your target is long-term)
- Buy index funds (though they are not 100% correlated with KLCI, you can see at least an 85% correlation and they're more liquid)
Where can I buy index fund?- Buy ETF (may be very illiquid, but it shouldn't be a factor since your target is long-term)
- Buy index funds (though they are not 100% correlated with KLCI, you can see at least an 85% correlation and they're more liquid)
Is it low cost? i know PBB has launched some funds recently and their promo buy in always charge 5% commission. This is very high, I think, as I believe a true index fund that follows the KLCI doesn't need any analysis at all. Just buy the whole KLCI components only.
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