It depends on how much return you expect to get. If your are hoping to get 25-30% ... that's almost impossible. ...
A good performing mutual fund can give return up to 15-18%.

Yes, mutual fund is long term investment, you only can see return after 3-5 years. Global based fund may perform better than local based fund, but it still depends on world scenario. If Asian face economy crisis, sure global fund is good, but if europe face economy crisis, then local fund is good...Normally, we expect 8-10% return from mutual fund, after deduct the charge and fee.

of course if ur a lucky bumi, just dump ur excess funds into ASB and u can earn about 9-10% per annum there already...minus risks...

I do agree with you unit trust management fees is quite high in malaysia, however try to look at different side of view about this. The 6.5% fees is only charge once when u invested. Let say u invest your money for 5 yrs, u only have to pay about 1.3% per year while your return is about 8-12% per year. i think its still pretty reasonable.

In Public Mutual, the fees only will be charge for the first 3 yrs of investment, if you invest more than 3 yrs, there will be no more charge frm Public Mutual execpt for the management fees. For your information also, here we in Public Mutual manage to cover back the service charge fees within 12 months and some of our fund manager takes only 3 months to cover it back.

This post has been edited by pidah: Nov 3 2006, 05:15 PM

There are a few tips before you like to consider investing in any unit trust:

a. The expected return is always from a medium to long term investment (3-5 years). There is a case where a client already insisted for return after one month of investment even though I have mentioned about ROI vs. time invested

b. Get yourself the best unit trust consultants (UTC) or so called financial consultants among the best by checking is/her sales, promotions, achievements, etc.

c. If you are not ready for any risk, please do not invest. Just save wherever place you are comfortable with.

d. There are fees and charges involved and investors are adviced to consider the fees and the charges before investing in the fund


The best one also should be able to advice you with the following things:

1. The right time when the fund is good to redeem/cash out the money.
2. To use switch from one fund to another whenever there is dividend or split unit to be announced, so that it can maximize the ROI
3. Explain detailed about the Dollar Cost Averaging
4. Clarify that NEVER invest the money that you plan to use in 1-2 years if you do not feel to take any risk. Invest in others.
5. Explain much about the risk level in unit trust. Here, of course, I cannot tell much about it.


and also you must remember that there are 3 type of source of return from UT which are:

1. The rise in unit price (We call it capital appreciation)
2. The annual dividen/distribution/bonus declared
3. The unit split declared.

Of course at one point of time, once the item 2 and 3 declared, there is no value added, but once the unit price increase.., the value RM will definitely increase..


just want to share my 6.5% knowledge about unit trust.

This post has been edited by pidah: Oct 10 2006, 04:45 PM

So the service charge is monthly or what? I haven't receive my statements in this yet.

*PS* I am interested in the Global Fund newly offered by Public Mutual. I understand is a high risk and I do not mind.

I've just deposit for my employee their salary today which one of the benefits includes ASB. I've noticed that ASB do no indicated the price per unit compared to ASN and others. So any time deposit doesn't matter. *sigh* life isn't fair

zOMG i never thought of that. the fund company allow the loophole like this? i though it'll be too late whenever we heard of the announcement coz they use the backdate calculation or sumthin, hence new buyer got no benefit from that?

the 6.5% charge will impose only on your FIrst Innitial investment, its not monthly charge. On the subsequent investment there will no more 6.5% charge, only the management fees about 1.5% per annum of Net Value Aset (NAV)






Well if u interested maybe we can meet up. i will explain everything.

some info about Public Global Select Fund - Public Global Select Fund






thats the benefits in Unit Trust, we got Switching facilities to minimize all the risk. and at the same time gain more returns.

This post has been edited by pidah: Oct 10 2006, 04:37 PM

Where can I open a CDS account in KL, Malaysia?

I tot switching funds there's charges and not really that worth it?

Yes, I am interested in the promotional period but I'm not around Malaysia

Some of the fund apply switching fee, but some don't. If not mistaken, public mutual has no switching fee, pidah please correct me if I'm wrong. However, you only can switch among the funds that have similar service charge, else, you need to pay the extra service charge.

Pidah, about the global fund of Public Mutual, does this fund invest directly into foreign stock market or invest to foreign funds?

You can open CDS account in any stock broking company. The list of stock broking can be found from Bursa website. If I'm not wrong, you can open it at OSK, Maybank, Public Bank, RHB, Hong Leong, etc...

http://www.bursamalaysia.com/website/bm/br...ers_states.html

List of brokers' office by states

1. Switching - yup we do have switching fees at Public Mutual. Normally we charge RM25 at NAV price. Switching fund is worth it lohh, the mechanism is like this;
when the Composite Index going higher, the Fund Manager will switch the Equity fund to Bond fund/Money Market Fund (Fixed Deposit) where as here you will gain more RM. But when the KLCI going down, the FM will switch back the fund frm Bond Fund to Equity Fund. (here u gain more units). As i mention before, source of U.Trust - Rise of Unit Price (Capital appreciation).

2. At Public Mutual u can move/switch you investments between various funds in response to changing financial goals or market conditions.

3. As for the Public Global Select Fund (PGSF), the fund will invest in blue chips stock, index stocks and growth stocks listed on selected global markets. THe fund may also invest in fixed income securities such as sovereign bonds, corporate debt and money market instruments to help generate returns. (source: prospectus PGSF)

4. hamster9 - too bad uhh.. well may i know when u'll be back here? btw gimme a
call or text me on 019-2088600 or else just PM me here when u're ready to invest with Public Mutual.




pidah

This post has been edited by pidah: Oct 10 2006, 06:13 PM

So who's job is it to switch funds? The customers or the agent? I personally have no time in switching funds and monitoring here and there.

all the investments will be monitored by the agents. The switching thingy (depends on market conditions), selection of potential funds (which is related to investors financial goal), diversification of the investments; everything will be managed by your agent. Unit Trust its not like in shares market where you have to monitor everything all by yourself. So its kind of time winning on the investor;s side.
Besides, job as unit trust agents/consultant is not more than just do sales but at the same time we have to do financial planning (partially) in order to help investors achieve their financial goals.

and the most important thing is, we have to be a smart investor. Dont just leave everything blindly to the agents. 3 important things to be a smart investor;

1. have a good knowledge about investment
2. choose a Unit trust company with a good track records
3. choose a good agent, who can maximize the investors investment.

and smart investors may fully utilize the agent as well. The agent responsible not only to make sure the smart investor get what they want, but also to assist the smart investor in any ways... They just can't leave them alone.

When you invest in UT, it will not be smart to monitor the market on daily basis. Also, it will not be smart to monitor the 1400+ counters in the market. That will be overkill. However, it is smart to monitor the market at least on weekly basis. If you are into syariah based UT, monitor the syariah index as well as KLSE index. If you are into bond, monitor bond index too. If you read from the paper that one counter nose dive by 90%, you smile, raise your eyebrow, and continue your breakfast.

When you invest directly in Bursa Malaysia, you must pick your own counter from the 1400+ available counters, and must monitor that counter closely. If you are short-medium term player, you must monitor the market index and the sector you are in. If you are into long term, you must check the company fundemental as well. If you read from the paper that the only counter you picked nose dive by 90%, your breakfast will start to taste like rotten egg. Got it?



just my 2 cents.

What ever kind of investment you do or where ever you invest, you must check your potfolio and your net worth periodically. List down all your assets and liabalities, see whether u are better then before.. Take necessary action to improve the situation...

and a smart investor, u must put your own effort to study the market
doesnt matter whether u invest in klse or unit trust....since there is volatility in prices
however, unit trust helps u spread your risk in the market..
whereas if u invest in klse..u have to do stock picking on your own..of course the gain will be higher since the risk is also high...

so its up to u as investor to choose...use your appetite and your brain

if u can monitor and analyse market so well, might as well invest in stock straigtaway, lol.

correct me if i'm wrong:
1. let say i want to switch fund from PB Fixed Income to PB Growth. i need both account number, which means that i need to have both fund account. i can't switch to the fund which i never buy before.

2. PB serie fund can't switch to Public serie.

This post has been edited by ky_khor: Oct 11 2006, 12:51 AM

Actually the 1400 counters in the KLSE don't mean anything. 30-40% of the counters are not trading at all everyday, while another 30% are only having a few lots trading at daily basic. KLSE might having quantity but not quality even it has 3000 or 10,000 counters also no use with most counters lack liquidity with no trading at all or with little trading only.