for both conventional and Islamic funds, dividend will be paid out annually, if any. There is no requirement for islamic fund that it MUST pay out the dividend every year. Islamic concept in fund investment is abt profit sharing and not interest rate or compulsory div payouts.

As for how much a fund can pay out, it is depending on fund's portfolio and performance, each fund has different portfolio, equity, balanced, fixed income, smallcaps, blue chips, local vs foreign country themed focus funds. All these funds hv diff risk involved. nobody has crystal ball to tell u how much dividend u will receive for sure in the next financial year.

PB FIXED INCOME is reopened. GOod chance for those looking for one of the better bond funds

Just found this Topic in LYN - never knew there were other techies like me are interested in investing (shock / horrors!) heheh.

I've been a Public Mutual investor (and other fund houses) for quite a while now - thus i'd thought i'd share some general interesting items - no, no secret sure win $ thing here.

1. Keep cost low to Break Even faster, thus higher probability to make more $ (apple to apple comparison lar, dont Equity to Bond comparison)
Public Mutual (or PM in short) charges 5.5% on Equity and Balanced Funds for Cash Investment.
However, they have to toe-the-line for EPF investment 3% shj. ;P
Now - if say PAGF (Public Aggressive Growth Fund) is available for purchase via EPF and Cash, i'd do EPF.

2. Always compare / ask for the returns % in PA or CAGR, not simple total
This makes it easier to compare against FD % or leaving in EPF % - all are in per annum compounded basis

3. Whenever an "Investment Agent" comes a calling,
Ask simple questions like:
a. What do you invest in?
b. Why?
c. What are your methods / entry & exit rules?
d. What are your average returns in each of these?
e. May i see your transactions?

If the Agent can't answer most of the above, U know U are speaking with a SALES AGENT, not an investment agent or investor, especially when they spew returns in SIMPLE returns, instead of Per Annum or CAGR.

Go with eyes open

Just to share some statistics as at 2011/05/11:
PSmallCap
10yrs CAGR: 17.9826%
10yrs Standard Deviation: 14.7851%

5yrs CAGR: 21.6982%
5yrs Standard Deviation: 17.5306%

3yrs CAGR: 16.4632%
3yrs Standard Deviation: 16.5145%

1yr CAGR: 25.3136%

Looking at the stats above that are more than 1 yr, even with the Standard Deviation swinging to +/- from the average, returns are near guaranteed to be more than 0% BASED ON HISTORY lar. Past track record is not a blah blah blah...


This post has been edited by wongmunkeong: May 12 2011, 01:49 PM

I have a question to ask those PM agent abt PM bond funds, since the initial charge is merely 0.25%
1) do u really earn any commission when selling any bond funds?
2) for larger fund investment, say RM 2-3mil single investment for
bond fund, can an investor ask for any discount for the 0.25%?

Hi CheahCW. I think as per any biz, PM Agents will negotiate with U if they are hungry enough.

Personally, i'm unsure (need to check my statements) whether Bond funds earn how much % of commission - i'm a PM Agent mainly to save cost and get access to the statistics for my family's investments since i've been investing in UTs / MFs since my 20s heheh. Painful lar the 5.5% (last time 6.5% to 8% pun ada, gila )

This post has been edited by wongmunkeong: May 14 2011, 04:33 PM

Alright just check and let me know, my agent told me that she earned nothing from the sales of bond fund.

I have been also invest in PM via agent since 1996

hi all..new PM investor here..
may i know how people judge whether the NAV price is low? is there website where I can check NAV history?

Hi Im_Not_Stupid - how low is low, how high is high = personal judgement, risk appetite & entry/exit rules.

Personally, i'd consider NAV low enough to be of value to do BULK purchase (33% of my "value ammo") if the current NAV is about 30% to 40% lower than the 3 years' moving average. Non-agents will have problems getting historical data - talk with your PM Agent for the data. They can get it from "Financial Advisor" application (must be subscribed from PM).

If i was not privy to such access, i'd use do exactly what i'd recommend - ask my PM Agent for statistical data. They are getting the commission AND "career benefits" right, thus, help a customer out with data shouldn't be a prob. Mind U, i am a bit of a baka expecting service from sales agents, else i buta pay commission and management fees for nothing

This post has been edited by wongmunkeong: May 15 2011, 11:05 AM

Do u mind to share more about your own entry/exit rules? I think you mean switch to bond fund right? If there is rally in equity market, do u switch over bond fund? And switch back during market correction? Or let it withstand the volatility of the market?

Hey Mois. I've posted the holistic view of my approach in Post #414 at http://forum.lowyat.net/topic/1577849/+400 (it's a ZIP file with Excel & Power Point) in the PowerPoint file.

In summary, i use 2 methodologies for mutual funds:

1. Programmatic Methodology (no fear, no greed)
a. Plan
Based on my own Asset Allocation & Foreign/Local coverage, I'll filter for funds to start a "TwinVest" program (a DCA (25%) + VCA (75%) approach).
Example for EPF funded funds, I went with PIX then changed the program to PAGF as it can do up to 30% foreign stocks & PSSF
Example for cash funded funds, I went with PFES, PRSEC & PFEPRF

Then i'll calculate the amount of $ to ALLOCATE to this TwinVest program EVERY PERIOD.
Example: PAGF $5K every qtr. Note that 1 fund for 1 TwinVest program which i intend to run at least 3 years


b. Entry
Based on 1a plan, every 3 months, i punch the NAV of the fund into the program's spreadsheet to find how much $ to buy.
The spreadsheet will automatically advise to use at least 25% of the allocated per period + depending on the NAV, none or MORE THAN 75% of the allocated per period if there are unused capital from previous period.
U may need to download the ZIP file with the PowerPoint to "see" this easier - i've detailed out DCA vs TwinVest by per transaction basis.


c. Exits
I'll take profit by switching to a bond fund, the transaction COST + 10%pa of expected net profit, and leave the rest to run
IF a transaction hits more than 50% net profit within < 1yr
IF a transaction hits more than 25%pa net profit >= 1yr
For reasonings on why these two % - checkout the ZIP files with statistical data of 10yrs, 5yrs, 3yrs & 1yr performances ended 20110512, 20101231, 20091231, 20081231 & 20071231 posted somewhere in the fund corner http://forum.lowyat.net/topic/690951/+1180


2. Value Methodology
a. Entry
When the NAV of the funds i've filtered based on my own Asset Allocation & Foreign/Local coverage is <= 3yrs NAV * (56% to 66% dependent on the fund), I'll use up about 30% of my unused funds earmarked for Value Investing in Equities.

b. Exits
Similar to 1c


Hehhe - i hope U find the above useful and not . I may be a bit too detailed in my approach

This post has been edited by wongmunkeong: May 18 2011, 11:01 AM

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Fund Closed For Investment

1. Public Islamic Opportunities
2. PB Islamic Bond
3. Public Islamic Bond
4. Public Bond Fund
5. Public Smallcap

URL: http://www.publicmutual.com.my/LinkClick.a...UQY%3d&tabid=87

If I want to use my KWSP / EPF money for Public Mutual purpose what is the condition ?

From EPF website:
" ...allows EPF members who have savings of at least RM5,000 more than the Basic Savings amount required in Account I to invest part of this savings through external fund managers appointed by the Ministry of Finance."

EPF website: http://www.kwsp.gov.my/index.php?ch=p2memb...wdrawtype&ac=50

As long as you have sufficient savings in your EPF account 1, just need to fill in the Public Mutual EPF investment form and Borang 9N (investment withdrawal) + Photocopy of IC.
Your PM agent will assist you on this.

This post has been edited by lytros: May 19 2011, 10:40 PM

The Public Islamic select sector fund ....
Is it re-open for investment ... ?
Last few months ... it is closed for investment ...

Gark, I find the way you convey unfair to the investors. No offence.

If the investors are at young age like 20s or 30s, they of course can do research, ask around; but what about those who are low educated people and above 50s or 60s people? They might not have high education, they might not know how to calculate, they might not good in reading English.

What dannyme is trying to emphasize is that fund manager, who knows more than any one of us do, not taking care of clients' accounts, rather just let it stay over years despite they are in good performance or not, and receive 5.5% fees for every buy and sell, what's the point? We might as well go take exam and become our own agent.

p.s: sorry, I've been digging the old posts....

if we become own agent.. how much can we save from the 5.5% sales charge ?

That's exactly why i took the dumb exam & became my best agent.
I tend to agree with Gark - in any circumstances, especially "advises", U have to take into account how the advisor makes their $.

Brokers dont care about U making $, they care about the volume of transactions.

Fund managers dont really care about us, they care about the benchmark AND whether their fund falls and rises approximately the same with the competitors (if all fall similarly, then can say act of God mar. if their fund goes up, then can take credit).

If U were a fund manager, would U rock the boat and do some heavy investing when stocks crashed?
They may crash further (see 1997 & 1998) PLUS huge funds have problems moving in /out of stocks + other hosts of issues like not being able to inject more than 10% of portfolio into 1 stock.

Thus, bottom line is WE the investors must manage our own $ & risk (agreeing with Gark).
DebbieYSS, as for the lower education & old timers, they can always ask their friends / relatives to help teach them. What i find is that MOST people, even so called "educated ones", doesn't bother. They just want to "outsource" the entire thing - can ar but dont jump & curse lar when bad things happen

The thing is not how much we can save from the 5.5%; but what have we gained from the 5.5%.

Sorry to burst your bubble, PM agents dont get 5.5% leh hehe. PM itself makan x.x%

I'm unsure whether PM will come & kill me if i post the actuals here.