stupid system... i use public bank to top up my public mutual PBIBF...and today was told that the fund is closed...

now i got my money stuck dunno where....
and i have to make extra effort to print and fax stuff to public mutual...

really stooopid! waste ppl time only....useless public mutual...

U can actually appeal to Public Mutual to take in your investment since it has already deducted from your bank account.
PBIBF has very good return, 1 year return is 12.37%p.a., low risk with Standard deviation of 2.7%, and high sharp/information ratio.

yeah definitely a good bond fund. PBIBF, PIBOND, PBOND, PBFI..aii pity it's closed..wanted to end more

to me this is just a public mutual to promote their latest bond fund, xxx strategic bond fund. that's why they close a lot of existing bond funds and you're force to buy the new fund.

just my 2 cents.

new funds usually not perform well compare to older one. For example, PBIBF and PBFI took 2 years to show its performance.
I just switched my PBFI fund to PBIBF a month ago.

I think they closed the PBIBF becoz the fund size grow too fast, the fund size was < RM100mil as at end of 2010, and now already grown 3 folds to > RM300mil. So when it grows too fast, the fund manager will need to slow it down, there is not much good quality Islamic Sukuk available to buy, if the fund size grow too fast, the cash holding position will be more and it affects the fund performance.

what the next good one that still available?

.none..all closed. hav to monitor for nxt opening

no planning to open new.. one ? as in fund...

those bond fund they close it cause.. the units reached already or what ?

The reason that those funds are closed from investment is because they reached the quota of the investment company subscribed from Securities Commission (SC), i.e. approved fund size = RM500m, then at around the size of RM450m, then they will close the fund (and perhaps apply for bigger fund size). It's not about forcing people to buy other funds though.

well...my problem now is they accept the money and i have no idea when they will refund my money...it's quite a big sum for me...
i'm quite pissed with public mutual...

they should have make sure they don't accept any new fund by default if the fund is closed.... how can they allow fund to be continued to be transferred into the bond fund when it's closed?

then now my money is stuck...i called 3 times...the 3rd time...the customer service told me might take up to 2 weeks to give me back my money? wtf... when want money...customer pay fast...when refund...it's always like that so slow...

Instead of calling them, i suggest you to go to one of the Public Mutual branch.

I have 5 funds with Public Mutual ( under both PB and Public Series), and was told that all the funds under my portfolios are closed for subscription. Damn it. They shd annouce the fund closure in the website at least investors aware of it.

Cant really wait for PM to reopen the funds, as they may close forever, even they open they will impose some funny rules, like
i) Small cap fund, strictly for new injected funds, no switching is allowed, and it only open for few days.
ii) P Enhanced Bond and P Islamic Enhanced Bond, when they reopen they impose min investment (both additional/ initial) of RM100K

I guess PM is doing very well recently, i checked the http://my.morningstar.com website (an independent website that trace unit trust performance), for the top 10 funds ranked by 3 months performance, PM have 8 funds out of 10 in the list, Good Job!!

One of the reasons that Smallcap is only open for newly injected fund is cause the fund manager wants to control the volume of the incoming money. If switching is allowed, you can imagine what problem can arise when most investors switching their shift their exiting investment into smallcap.

if they allow switching then they cannot suck maximum commission

Yup agreed. So far im still bleeding holding smallcap fund. Hopefully it can give good return over long term.

how much the price when u bought in?

Just bought it recently when it opens. If not mistaken it is closed for now right?

What do you mean - bleeding? There aren't enough big drops in the last 2 years to call "bleeding".

If you included the initial 5.5% charge as bleeding, that's the wrong thing to do.

Bleeding for me mean im losing money (9k in 2 weeks). No i dont include the 5.5% charge.

js two week time u lost 9k exclude the 5.5% services charges...
sure u invest a lot...(highest during re-open period is 0.9815, and price for 4 May is 0.9607)