Is better to sell local unit trust fund, for a safe play.
China fund, a lot of risk. You cannot know what company there are investing, FM does not understand the market as good as the local chinese people.

For me, i will sell back UT that is covering malaysia. Regional also ok ok abit la. But focuses on china alone, very scary.

If you want to invest in China funds, you will need to go offshore, and find fund managers with years of experience in the HK/China market. Local funds are still beginning to learn.....

Kinda agree. The local fund manager cannot understand the behavioral style of investment in the foreign country, how to people play with it.

So, definitely will be in the lower hand.

Alamak, I just bought China ASEAN Equity Trust Fund last month!!!!

This post has been edited by kongming: Jun 10 2011, 05:17 PM

IMHO, for the statistically inclined & risk management inclined, best to avoid "new" funds until there are 3 years' statistics available, unless U want to punt lar.
Tell them Sales Agents to go away when they tell U "cheap mar new fund" "got discount" "0.25% off for monthly Standing Instructions forever wor", etc. etc.

Then again, perhaps it's good to keep these kinda Sales Agents alive with some dumb $

Wah, you have a good memory! Yes, PCSF was introduced in 2007.

I nearly become one of those victims myself. Luckily, pulled out in the last minute.

But a few of my friends falled to the "guaranteed % return" & "ride with the China force" traps.

That's a very expensive lesson

Psst, wong...are you one of the mangsa?

Nah, i'm one of the "watchers" - like i shared earlier (dunno this thread/topic or some others in LYN), i saw the mass exodus of these Sales Agents, from PM to ING and found out the reasons why . BTW, i dont touch "new funds" without any statistical data i can crunch - unless i'm "punting" with a very small amount of $, chicken lar

Hey, i've no qualms checking out other fund houses' invitation to "see see" their funds & Agents' benefits mar

This post has been edited by wongmunkeong: Jun 10 2011, 05:45 PM

Some times, be a chicken is good..

Good with feathers all over the floor?!

I hope eating KFC will helps..
Hahaha..

Anyhow.. Back to Mutual Fund.
Recently launch singapore fund. Anyone interested? Will it be like China Select?

Eh, what reasons did you found out?

I got lucky twice. First time is the PCSF. Then second time also pulled out last minute from China Titans...tho' PCTF didn't drop as much as PCSF.

Told myself, never to invest in China related UT funds anymore

Sorry I'm new commers...
just for sharing information, for me an agents can not giv guarantty that the dividend in one of the fund is higher..
they also can not give the exact amount of persentage in rate of retrun per annum...
we as investor also can not just belive all that they said, unless they giv proven document eg. actual acc, facts
we also can't just see the last performnace of the fund.. but I belive fund that hav a good track record will giv higher dividend...
for new fund, I think is better for youngest because new fund must take long time to growth..
the most important is not amount of NAV.. the importance is unit balance, n then we proceed refer to amount of NAV...
for low amount of NAV, this is your time to collect huge unit balance..
then, when economic n performance of that fund is getting better n growth, it will make double..tripple dividend n profit that u'll get

Bro Next Gen, U are stating the obvious and preaching to the converted leh regarding not trusting agents .

However, i can't really agree with U that:
a. We can't see the last performance of the fund - as an indicator. Given statistically, Fund A's 10, 5 & 3 yrs CAGR = 10%pa VS Fund B's 6%pa with near similar Sharpe Ratio & Standard Deviation for all those years ending now, which would U put $ on?

b. New fund being better.
Dude, which probabilities and statistics are U basing this INFORMATION from? Can share?

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Added on June 10, 2011, 10:08 pmHJebat, the thing i found out was regarding WHY these Sales Agents were running away from PM to ING lar - that their PCSF customers are after their butts.
Hhehe - no "trading" or "investing" secret

This post has been edited by wongmunkeong: Jun 10 2011, 10:08 PM

Ooo...i see.

With the amount of money stuck invested in PCSF, it's better to use it to invest in stock market ourselves. But then, who knows how PCSF will perform during the launch

[quote=wongmunkeong,Jun 10 2011, 11:05 PM]
Bro Next Gen, U are stating the obvious and preaching to the converted leh regarding not trusting agents .

However, i can't really agree with U that:
a. We can't see the last performance of the fund - as an indicator. Given statistically, Fund A's 10, 5 & 3 yrs CAGR = 10%pa VS Fund B's 6%pa with near similar Sharpe Ratio & Standard Deviation for all those years ending now, which would U put $ on?

b. New fund being better.
Dude, which probabilities and statistics are U basing this INFORMATION from? Can share?

As we know, all fund manager want target better performance for years by years..
n most of investor also want hav a good fund that giv good return...
from my opinion, for instance Public Ittikal or other fund will start with low amount of NAV..
its depend on fund manager, is it they hav many years experience in managing fund or not...
n we also know about the fund more details such as wht company that they invest most?
are they invest in the listed company? (u know edi right about the requirement to become listed company)
is it the company hav a good track record/performance?
there is factor that we must know, like Public Ittikal Fund...
in 1997 n 1998 decline of economics. they just decline in -13% but others company or market is almost -40..
this is show that how strength the fund n the company that the fund invested.

You forgot Pittikal dropped nearly -40% during 2008 crisis though

As investor, it is always important to keep some updates on the world economy, and do not invest blindly, or follow completely to consultant. Unless your consultant is good, and gives update during different market sentimental.

If I would to recommend, I will recommend PEF, or PIF as it will be easy to monitor. Local newspaper will be reporting on the local business news.
Most of the Mutual Fund objective is to outperform the KLCI, and they use the KLCI index as a benchmark.

During the 2008 crisis, a lot of mutual fund drop, and some even drop more than 50% and had not recovered since. But some investor in stock market, also burn more than 50% of their capital, and went into insolvency. Pity those who uses loan to finance investment at that time.


This post has been edited by Bonescythe: Jun 10 2011, 11:17 PM

What about PB Growth Fund? Worth investing? Seems not bad

Next Gen, when Did PIttikal start ar? 10th April 1997, in the year when SHTF of 1997 & 1998.
Thus, they started buying / filling in the fund with stocks during THOSE years.
THUS they bought cheap, it wasnt the strategy OR the management of the fund that was good, it was luck.
+Like what bro Mois pointed out, Pittikal ALSO dropped nearly -40% during 2008 crisis though.
+FYI from 10th April 1997 to 9th Mar 1998 (1yr), PIttikal dropped 6.3%+. If i took later dates into 1998 before it stablized, PIttikal even hit 8%+ drop

Please note that i'm not saying PIttikal isn't a bad fund, i'm just stating i dont agree with "new funds" being better based on your reasoning. If U have other statistics to prove your point, please share them yar - i may have missed something . My apologies if i seem to be statistical and numerical driven - "i feel, i think" without evidence doesnt fill my curiosity and continuous search (the hunt for knowledge continues...). I'm anal that way

BTW, PIttikal is, IMHO, an average-y fund - look at it's 10yrs, 5yrs, 3yrs and 1yr stats for years ending 2007, 2008, 2009 & 2010.

Eh, U think a listed company means it's a great company? Transmile, MClean, etc. - ring any bells (of horrors)?

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Added on June 11, 2011, 7:31 amHJebat, yup yup - exactly my point, we wont know for a new fund AND some agents keep BSing us that it's new and cheap
If the fund's portfolio fits our needs AND it has relatively good history, i'd be more confident.

Yeah yeah - past performance does not blah blah future performance. I wonder if that's the case, then how do we hire new staff and also trust good old friends that has a good history... . History may not be 100% accurate as a future indicator, but it sure as heck beats jumping in blind

This post has been edited by wongmunkeong: Jun 11 2011, 07:31 AM

Can somebody enlighten me why we need to care about fund's price? If it is about fund, the only thing i care is the fundamental, past performance, good track record and some other details. Unlike stocks, the stock's price matter a lot. You dont see support/resistance in Fund's price