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Public Mutual v2, PB/Public series
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cheahcw2003
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 Aug 14 2011, 01:56 PM
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QUOTE(koinibler @ Aug 14 2011, 01:45 PM) Yup, then all important thing is the final return. If company with low sale charge, but doesn't perform should be avoid more. PM has a market share of 44.3%, thus 1% of PM management fee is definitely higher then others. If PM reduce their % management fee, the others UTMC need to follow or compete, making more benefit to us, investor  there is no guarantee that those UT companies that charge higher fee will generate better return, so since return is uncertain, low cost funds are preferred. It is time for PM to reduce their fees. For those customers that do their own study and DIY subscribe online shd enjoy lower SC. |
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cheahcw2003
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Aug 14 2011, 11:36 PM
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QUOTE(mois @ Aug 14 2011, 11:09 PM) At the moment, i invest 70% bonds 30% equity(public smallcap + DCA). Bonds holding are getting bigger as I invest my monthly saving in it. For now, i think KLCI is on high tide. Got room to grow, but you wont see 1700-1800 points any sooner. More rooms to go down i guess  . My personal strategy, basically im more like a conservative investor. Waiting for KLCI to drop until 1200points, then i will adjust my portfolio 40% bond 60% equity. Drop until 800points, 20% bond 80% equity. 200points, 100% equity. If the market dont fall that much or very volatile, at least bond can generate money. My agent bloody hell one. Up until now he say 80-100% equity. Long term gain confirm gain money.  I just nod..nod and nod. But no choice la for him, making living out of this. Trust yourself, dont trust your agent, obviously he wants extra income by proposing 80-100% equity to u. KLCI is at its historical height last month. How could it be 100% equity. My portfolio is almost the same as you, i.e. 15% equity, and 85% Bond. Managed to pump into PB Islamic Bond and Public Bond Fund b4 they are closed for subsription. These funds have generate 8-9% p.a. return since i put my money in, cant complain, as it generate better income than ASW2020/ ASM. |
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cheahcw2003
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Aug 15 2011, 12:01 AM
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QUOTE(Dackson @ Aug 14 2011, 11:50 PM) what is the alpha, beta and R-square at modern statistic ? beta is the risk ?? you will get the answer if u google it. I remember another forumer, Xuzen already explained it b4. |
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cheahcw2003
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Aug 15 2011, 12:32 AM
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QUOTE(Dackson @ Aug 15 2011, 12:14 AM) huh ? when Xuzen already explained it ? yes he did months ago, i just try to explain to you using my own words and with my very limited knowledge. alpha - is the difference between the rate of return of the invested fund/assets minus the return of the risk free vehichle, the higher the alpha the better the invested fund performs. beta - is a systematic risk measurement. The market (say KLCI) beta is at 1, if the beta of an asset or fund is 0, means it is not move together with the market movement at all. if it is closer to 1, means they move in the same direction with the market. beta of > 1, means the fund move much more than market movement. Low beta means the funds are less volatile. Usually bond fund has lower beta than equity fund. For individual stocks, lower beta stocks are less risky than the high beta stocks. Maxis has lower beta than Telekom, so it tells you the risk of both stocks that in the same industry. R square (or standard deviation) measure the volatility of the stock and also the risk. R square not only cover the systematic risk, it is also include the unsystematic risk. |
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cheahcw2003
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Aug 15 2011, 02:26 PM
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QUOTE(MGM @ Aug 15 2011, 02:09 PM) You mean you bought PBIB and PBF when they were launched on 2001 and 1996 respectively? From my calculation based on the data obtained from PM, the annualized returns of: PBIF (10 years, total return of 88%) is 6.3% and PBF (15 years, total returns of 251%) is 7.9% Can somebody verify if my calculation is correct. I bought them 2 years ago, PBIBF do nit have 10 years history, I do not know how u get the number? |
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cheahcw2003
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Aug 15 2011, 03:15 PM
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QUOTE(MGM @ Aug 15 2011, 02:53 PM) I got the numbers from PM own website, there are two islamic bond funds namely PIBF and PBIBF. The one that you bought is probably PBIBF which was launched in 2006 and its performance: Annualized return for PBIBF (5/4/2006 to 12/8/2011 , total returns 42%) is 6.77% I have just got the numbers for ASW2020 and ASM and their peformance is quite good until lately. Annualized return for ASW2020 (14 years , total returns 179%) is 8.2% and Annualized return for ASM (11 years , total returns 108%) is 6.89% If u take the last 3 years performance of asw2020, pbibf, pbf, annualised the performance u will get different number.
Added on August 15, 2011, 3:24 pmFor comparison u must use the same time frame, can't use the fund inception date. Asw and pbibf have diff inception date. Bond fund usually do not perform on the 1st year of launching This post has been edited by cheahcw2003: Aug 15 2011, 03:24 PM |
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cheahcw2003
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Aug 20 2011, 09:17 PM
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The economy fundamental still weak, prefer to park in Bond 1st, and wait for the opportunity.
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cheahcw2003
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Aug 21 2011, 06:56 PM
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QUOTE(David83 @ Aug 21 2011, 05:16 PM) Corrected. Down trend. 10-years and 30-years bond yield have been pushed to record low due to high demand from international investors: URL: http://www.businessweek.com/news/2011-08-2...ng-economy.html10-years US bond at 2.125% and 30-years bond at 3.75% as of last Friday. Sorry for the typo and confusion!  Malaysian Bond/ Asian Bond/ Sukuk move differently compared toUS Bond |
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