Do you have the list of funds managed by him?

for the fund performance, why not just check the perforance chart available in the PM website, or just go to tge independent morningstar.com website, most of the agents need to refer to the same charts b4 answering u the questions.

The Jessen-Alpha ratio for Public China Select Fund (PCSF) - 3 year average is of negative value.

This means the fund manager suxs and he/she has destroyed his clients' wealth.

Please fire him by redeeming your funds into better performing ones.

Xuzen

Methinks Boney is rubbing salt on wound / making a point about "in time, it'll recover and still make $" / long term concept. Just an ass u me pmtion

IMHO, them charts are a bit unreliable for personal investors to gauge their holding(s) as it depends on their personal cost of entry or entries and time held. Each of us may have gone in at different time/cost, thus, those lump sum at the opening VS value-averaging every 3 to 6 months, the value averagers are making better % for PCSF.

Yes, i'm anal about tracking my transactions - even down to per annum profit/loss per transaction basis (not the lump sum gross garbage produced by fund houses) I need laxatives....

---

Added on July 28, 2011, 12:30 pmer.. yeah - what Xuzen said (sounds of wind blowing over my head )

This post has been edited by wongmunkeong: Jul 28 2011, 12:30 PM

y all -ve comment? damn. bank wont give so easy return as they need to feed managers. HAHA

The return has nothing to do with the bank, but more like how the underlying asset class and fund managers' perform.

By using mathematical model, we can deduce that some managers sucks and some good. If you know how, then you can construct a optimal porfolio.

Xuzen

Xuzen - how U calculate "the Jessen-Alpha ratio" for Public China Select Fund (PCSF) - 3 year average is of negative value.

Is it derived from some of the ratios from the Financial Planner software (fund performance)? Keypoh mar - want to run the numbers for other funds heheh, especially the ones my family, friends and i are holding.

J-A ratio = fund return - [risk free rate + Fund beta x (benchmark return - risk free rate) ]

J = Rj - [Rf - B.(Rm - Rf) ]

Quite a simple formula actually.

Xuzen

risk free (Rf) rate = FD rate of 1month's term or 1yr's term? OR some other MM vehicle?



This post has been edited by wongmunkeong: Jul 28 2011, 01:35 PM

There is no hard and fast rule about Risk Free rate. Basically it is not defined. However, in the US, Rf is usually taken to be 10Year T-Bills.

I guess, Rf is something that is stable and unfluctuating.

Yeah, I use 12mths FD rate as Rf for my calculation.

Xuzen

Good ol M'sia elek T-bills like that right? and even inflation-protected bonds/bills?

Good good 12mths FD rate. Domo arigato sensei Xuzen-sama

We can invest in overseas mutual fund? How to do that?
I only have my publicmutualonline account.

Pls be guided. Thanks!

do u meant
1) invest in a fund that run and managed by a mutual fund company that registered outside Malaysia like franklin templeton or
2) invest in a local mutual fund company that have funds in foreign equity exposures?

the reinvest dividend need how long only they will send the slip to me??thank u to those who are willing to answer my question.

abt 1 month,...... if u hv online, u can c ur balance units in ur acc status.

ok.thank u very much
so if my dividend out on 30june, i should have receive the slip around next week?

For me I use the rate of 10 Yr MGS (Malaysian Govt Securities) which is currently about 3.9%. 20 Yr MGS ia about 4.2%.

You can get this data from your brokerage firm, under fixed Income category.

Its easy to change agent? How?
appreciate somebody can answer my question.

U can start new accounts with another agent
eg. if U already have PIX with Agent A,
now U open another PIX (different account number - dont worry, it'll be auto created) with Agent B.

However, if U are asking how to MOVE YOUR ENTIRE PORTFOLIO FROM Agent A to Agent B... not easy
You'll need 3 signoffs - U as the customer + your current Agent handling that portfolio + your new agent

Unless your current Agent loves U or is close to U, a bit.. colder than water chance... as yr current Agent gets "career benefit" from your equities and loaded funds held by U.

Hope the above clarifies more than

an investor can hv more than 1 agent. as he/she wish.

- open new acc with other agents.
- u can leave ur current acc with ur existing agent.