QUOTE(leekk8 @ Oct 8 2006, 10:39 AM)
Yes, public mutual always have better performance and earn more returns. The management fee is still ok, but the service charge is high...around 5-7%...
QUOTE(pidah @ Oct 9 2006, 05:35 PM)
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, after dat no more charge frm Public Mutual. For your information also, here we in Public Mutual manage to cover back the fees within 12 months and a good Fund Manager only take 6 months to cover it back.
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