Never time the market.

Guys, what is your opinion about Public China Australia Equity Fund? I wanted to lump sum Rm1k for Public China Select Fund today in Public bank, but the banker told me not to, instead he suggested this fund for me.

This post has been edited by JeffreyYap: Feb 17 2012, 08:21 PM

At first I was considering this fund but ended up bought the similar fund from CIMB as PM is charging high on service charge.

Sorry PM UT agent. Not trying to kill your business at here.

CIMB charge how much?

1st promotion was 2%. Then, 1.5%. Now revert back to standard 2.5%.

Actually you're right. The service charge of 5.5% imposed by Public Mutual is really high. And, not that their funds are so good in performance. I would only invest with my EPF Account#1, rather than cash investment.

Use the cash for better income generation, such as stocks.

yup indeed is crazily high. 5.5%. and when invested the 'wrong' period, it really takes some time to recoup the service charge. there are many other Unit trust agents out there, like fundsupermart, at times, promotional 1%.

PCSF? forget bout it, shitty fund, till up to today

currently, i'm slowly converting my equities to bonds

I'm no longer holding PCSF. Has switched to PSMALLCAP with a return of about 4.5% (including switching fee) but still cannot fully cover losses from PCSF.

what i meant was if we choose switch our fund to bond/money market when share market goes down...how do we know the best time to switch back to equity fund? does switching is a good option?

Sh1t, duno about that.

Yes, I totally agree with you. If you take a look at the 4th Qtrly Review Y2011, many Pub-Mut funds are below benchmark. Hellooooooooo, what the f#ck! We pay you 5.5% + 1.5% to under-perform the benchmark kah? We sor-chai ar?

Good-bye Pub-Mut, hello FSM.

Xuzen

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yea.. many oversea funds perform much lower than benchmark, the index are so high ady but the fund still not performing

Pub-Mut is only a jaguh kampung type fund manager. Only a handful of LOCAL funds perform above benchmark, while ALL their foreign fund perform worse than benchmark.

Pub-Mut = 3rd rate Jaguh Kampung fund manager.

Xuzen

It is because of their holdings. They may have bought it during high time before or nearly the financial crisis outburst.

On top of that, some unitholders may have withdrawn earlier to cut loss and fund has fork out money for repurchase.

This post has been edited by David83: Feb 19 2012, 07:41 PM

the equity fund's charge is too high....now i havent recover yet....bought on the wrong time

time and type is very important. we shouldnt blame the fund manager. we have our own choices. i would recommend to stick to local funds, temporarily forget foreign funds. in future, china, india and others emerging market would be safe bet. this year, i dont think so.

mind elaborate a bit bro? i'm new to this world

KLCI is over 1500++, and it could be dowm after coming GE. so, better wait for cheaper price for local funds. or buy bond, and switch to equity later after the GE.

my 2 cents.

Wait...wat is the 1.5% for?
I thought PM oni charge 5.5% nett...no?
then total = 7%?