Public Mutual v2, PB/Public series
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 Sep 25 2010, 06:22 AM
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#1
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Junior Member
45 posts Joined: Sep 2010 
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Could anyone advice on why public ittikal prices have not moved up in tandem with the recent spike in stock prices on the Bursa?
I bought it a year ago and today price is still lower than my purchase price. Thanks. |
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Sep 25 2010, 09:40 AM
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#2
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Junior Member
45 posts Joined: Sep 2010
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QUOTE(David83 @ Sep 25 2010, 07:35 AM) What is the price you bought? When you bought it? Before or after the distribution declared? I bought end of last year at 0.874; and I am happy with the dividend (paid in May ) and yield. My question was really about the NAV. While the share market has gone up quite a lot, the NAV of PITTIKAL has not. Was also wondering when the NAV will benefit from the positive movements on the KLSE.Based on its latest annual report (assuming you're referring to PITTIKAL), the 1-year return is 14.25% (ended 31st May 2010).  |
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Sep 29 2010, 10:00 AM
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#3
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Junior Member
45 posts Joined: Sep 2010
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I would appreciate advice on 2 questions:
1. I am aware that some unit trust investors uses a "buy low;sell high" approach. I believe the unit trust fund managers are already doing it while managing the funds. Is this "buy low;sell high" by individual investors thus not necessary as it will negate the very purpose of having fund managers manage our money? 2. Any recommendations for some funds that I can buy today, don't need to review or check for the next 3 years and will give 8% yield p.a.? Thank you. |
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Sep 29 2010, 02:05 PM
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#4
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Junior Member
45 posts Joined: Sep 2010
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QUOTE(gark @ Sep 29 2010, 11:23 AM) Unfortunately that is what the unit trust wants you to believe, but they are often FORCED to sell low buy high. Simple reasons but makes a world of difference. UT is not immune to market euphoria. Thanks Gark. Your information is a real eye opener. I am now a more informed UT buyer. Thanks!1. During good economic times, share market go up and up, lots of people dump money into UT (due to greed), hence the manager have lots of cash. With such large influx of cash, they have to maintain their minimum stock holdings (most around 85%). So? The manager is forced to buy more and more as the prices are climbing and people keep on dumping money into UT hoping for spectacular gains.  2. During poor economic times, stock market is crashing, all the poor investor panics (due to scared of losing money), so they withdraw lots of money from the UT. Usually a UT keeps about <5% of it holding in cash, so if there is a large redemption from the investors, what can the UT manager do? They end up having to sell shares near it's lowest point to raise cash to pay off all the panicking investors.  3. Most UT are hampered by lots of holding rules, which actually handicaps the manager. For example most stock UT must hold a minimum of 80% in publicly traded stocks. In poor times which the market falls, the manager even however brilliant he is, he cannot sell off all his holdings to bond or cash.  |
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Feb 5 2011, 08:16 AM
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#5
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Junior Member
45 posts Joined: Sep 2010
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QUOTE(QSR10 @ Feb 5 2011, 12:04 AM) hi.. You can get it from Bloomberg.where can i get price history? example : Public Ittikal price for 01/01/09 - RM? 01/02/09 - RM? 01/03/09 - RM? . . 01/01/11 - RM? 01/02/11 - RM? i'm already check in master prospectus, but no data. thanks. http://www.bloomberg.com/apps/quote?ticker=KLITTFI:MK Good luck. |
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