PM can also learn from all the other fund houses outsourcing to FundSupermart - lower cost for DIY, where "advisers" / UTCs are as useful to these DIY investors as "bicycles to fishes"

My $0.02

Am doubtful that asset allocation can be 20% ++ on one entity... you can check the asset allocation in the year-end reports.

From the year-end report Nov. 2011, no distribution, -19.49 returns.

http://www.publicmutual.com.my/OurProducts...EquityFund.aspx
http://www.publicmutual.com.my/LinkClick.a...3M%3d&tabid=250

That's could prove the recent retreat of 20% from highest peak.

Surprisingly, gold went up 4% last Friday in US trading.

>> PM has service charge of 0.25% for bonds, 5.5% for equities, payable upon purchase. (No entry or exit fees.)

FSM has 2% for equities, compared to 5.5%

>> As stated, PM has many funds, that the time and get to know more about them... some equities concentrate on certain segment of the stock market ie. consumer, infrastructure, real estate, etc., some on stocks/companies that have growth potential, some on companies that provide annual dividends, etc. etc.

I used to think this is an advantage of PM funds where you have many funds to choose from, and have the flexibility of switching between different funds, keeping your funds loaded, and not having to pay the service charge when switching back to equities.

But FSM has now got the credit system (equivalent of loaded funds), plus the much much lower 2% cost, plus the online flexibility, plus the constant reminder from PM agents that I have to pay 5.5% for no added value -- I am "switching" from PM to FSM every time I get the chance.

+1

I too have migrated from PM to FSM months ago. Moreover, FSM frequently held promotions with much lower sales charge ranging from 0.88% - 1.0%. Last week FSM launched the super cool FSM application for Android Phone

Four words: Kenanga Syariah Growth Fund

5.5 vs 2, is a small different considering u r looking it in 5-10 or even more yrs of investment. For short term, we don't even look at UT at all, better buy share.

I believe PM charge the highest SC compare to others in the market.

the outstanding record PM has, even they charge 5.5, still make them no1 UT in malaysia, and mss still growing. There are reason why many ppl choose them, and they have some really great track record funds that ppl have lots of confidence in. Even KWSP invest huge amount of our hard earn money with them.


This post has been edited by jonproperty: Jun 4 2012, 01:34 AM

Yes and no. Benjamin Graham said in his book "The Intelligent Investor", sales charge and hidden fees play a significant ways for our decision in selecting a mutual fund. I rather invest in award winning equity fund (Kenanga Growth Fund) or bond (AmDynamic Bond) in FSM rather than wasting our 5.5% hard earned money to PM unit trust managers.

What are the list of options to go for other than PM in this matter? 5.5% in the long run is indeed very high.

I think 5.5% is high.. try using a projected return/compounded interest calculator to have a feel.

5.5% in 5, 10 or 15yrs VS 2-3% in 5, 10 or 15yrs.. make a huge difference..

Calculated before Thinking about the pain. If a UTC purchases the fund for himself, he skips the SC right?

I think the UTC will still have to pay a percentage of SC, not definitely not 5.5%. They will be charge 5.5% upfront, then get back a %-tage back as commission. So they pay less SC.

Correct me if I am wrong, coz I am not UTC.

Great question. One of the option is to invest in top performing Malaysia equity fund like Kenanga Growth Fund via Fundsupermart (sales charge only 1-2%)

http://www.fundsupermart.com.my/main/fundi...lnumber=MYKNGGF

What are the differences between PM and FSM in general? If on my point of view, I am just buying funds from either one of these, then I can sell the funds back to them and get money right? If I were to purchase PM I can tie the PM online account to my PB savings account, what about FSM?

So far, I only dealt with PM, so I don't know what are the available options out there

Salute! for making the migration...

I only recently took notice of FSM, and had posted in a thread suggesting a pin or new thread on FSM... am seriously considering FSM in view of cheaper online charges...

PM keep ignoring their long-time supporters... only giving some free switching to gold members... should by now give SC discounts for topping up via online.


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stock market this morning so scary... don't whether to chop lost or let it sink a bit more as it already sink so much already...

Great move, i myself moved to FSM 1.5yrs ago. kinda no brainer move especially with the 5.5% charge pisses me off.

http://www.fundsupermart.com.my/main/resea...l?articleNo=592

May I know no 1 is in term of performance/fund size/ total overall funds performance?

I knew there are great funds that make decent profit to UT investors, but there are funds that are perform poorly as well.
Not every fund is the same.
But I see charges and annual management fee is at the same rate.

http://www.fundsupermart.com.my/main/resea...?articleNo=1341

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Added on June 4, 2012, 11:45 amThank you kucingfight for the kind words. The move was sensational and I almost never look back at Public Mutual. Moreover, FSM educate us to take charge of our own investment thus propelled us indirectly to be a "Level 4 investor" as reiterated by Robert Kiyosaki.

This post has been edited by izzudrecoba: Jun 4 2012, 11:45 AM

+1

Another salute and thumbs up for the migration.


no comprende...

true, ah? then why bother to withdraw from EPF to purchase PM funds and pay SC... better to keep in EPF since fund management is the same.

true, ah? then this is scary and time to withdraw all from EPF. LOL.

i think its fair for UTC to skip the SC because UTC are authorized distributors.

just like, if u work for company, if u buy their product, u deserve to get the discount. am i right?