EPF dun wan let us take out the money for investment

I see Public Mutual is kind of good. However something I hate about unit trust is that the management fee is kind of high in Malaysia. 

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.

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?

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?

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.

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.

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.

You know I was calculating whether  unit trust is really worth it or is it just hype. So I took one as an example and benchmarked it against the FD to see whether it is really good or is it all hype.
Name of Fund Public Growth Fund

Category of Fund Equity Fund

Approved Fund Size 4.5 Billion Units

Launch Date 11 December 1984

Investor's Risk Profile Moderate

 

 
Fund Objective
To achieve long-term capital appreciation with income considered incidental.

 

FEES & CHARGES
Service Charge 5% - 7% of NAV per unit
Repurchase Charge Nil
Annual Management Fee 1.5% per annum of the NAV
Management Expense Ratio(%) 1.56 (for Financial Year Ended 31 July 2005).
 

Annual Trustee Fee
0.06% per annum of NAV, subject to a minimum fee of RM18,000 and a maximum fee of RM450,000 per annum.
For fund financial report please go to
http://www.publicmutual.com.my/page.aspx?name=PGF

go to review, register and download the report

Now
Assume I have RM100,000 and I invested on 2004 (since they have only 3 years data shown)

Beginning 2004
Service charge for purchasing = RM6000 (average service charge)
Total investment                    =  RM 94,000

Annual return 2006 = 4.78%
Annual return 2005 = 12.3%
Annual return 2004 = 16.79%

Investment value end 2004 = 109782
Management fee                 = 1700
Net Investment Value          = 108082

Investment value end 2005  = 121376
Management fee                  = 1820
Net Investment Value           = 119556

Investment value end 2006  = 125270
Management fee                  = 1879
Net Investment Value           = 123391
End of 2006 Sell
Sale value = 123391
Service charge = 8637
Total amount  = 114754
Net profit over 3 years = 14754
Annual returns =  4.918%
FD returns

4.2% for 36 months (3 years)
Now the point of my post , take a look closely. The unit trust "supposedly" has an average annual return of 11.29%(I think this is considered on the high side) for the three years but after cashing in on the profit you realised that it ONLY ouperforms FD by 0.76%. Can you imagine if the fund annual returns was just average say 7-8%.

Where did all the money go?
1.) Management Fees charged annually. This fees can go up to 3% REGARDLESS of how the fund is doing.
2.) Service charges. Every buy and sell are charged 5-7%.

So if a Unit trust fund boast on high annual returns, please do the maths and calculate how much the fund need to perform to cover all your "losses". I notice most of you just take annual returns figure without taking into account these factors at all.

Now do you still wonder why hundreds of million has been lost in unit trust as reported in the newspaper?