bro Mun Keong,
PFSF - 1.5 yrs till todate , using EPF, return about 10%
PSEASF - 8++ months till todate , return about 12%

is return of the above funds reasonable?

I disagreed part of your statements.

2008 was the year of economic crisis and after that market rose up like no tomorrow. Basically, anything you buy from 2009 onwards will be good return.

In order to judge whether it's a good fund or not, check out its at least consecutive 5 years performance.

I don't understand what are you trying to reply.

According to MK's view , average CAGR of a fund should be around 9-11% per annum...

Oh I see. What I am trying to say is that base on a 5-year performance of a fund, you can tell how good it have been and would be in the future, there are plenty of funds that have better return that that.

Based on real investment sight... 3-5 years should look at, unless diifer investment model...

It Public Select China Fund is the worst fund you guys consider it? I personally felt it is as till now still making lost and no dividend. Shit Fund.

Seriously speaking, you can forget about this fund. It's dissapointed.

Hi Kent05,
My apologies for the late response - sicker than a dawg for the past 2 daze.

Ok - just to clarify, i stated the average CAGR of an equity fund averages about 6%pa to 9%pa - not 9%pa - 11%pa .
Snippet from previous posting
"
Average CAGR or compounded returns pa% for average to good funds is about 6%pa to 9%pa +/- based on the stats i saw
FYI - the Eastspring SmallCap (last time called PRU SmallCap) i held since donkeys of years ago till now - 3 purchases, all 3 transactions are hitting 10%pa compounded / CAGR. NOTE - these 3 transactions of mine was "buy and forget" method hheheh.
"

Please note that one should be aware of the "year ending..." for a 3 years, 5 years and 10 years statistics.
It can have very big impact
eg.
a 5 years... ending Dec 2008
VS
a 5 years.. ending Dec 2011
can give VERY VERY large variance of average CAGR and even perhaps Sharpe Ratio

----------

On your Q of:
PFSF - 1.5 yrs till todate , using EPF, return about 10%
PSEASF - 8++ months till todate , return about 12%
Well, it depends on:
a. how U calculated the 10% and 12%

b. If they are 10%pa and 12%pa (as in taking into account of 365 days a year and factoring in the service charges of 3% PFSF (EPF) and 5.5% PSEASF (Cash)), then it's doing good.
However, please note that it's just the initial time-frame. The real test & results would come within 5 to 8 years of holding or managing your portfolio

Sorry ar - i just shifted PC too - bloody FPAdvisor doesn't work well with Windows 7 64bit. Else, i'd have checked out PFSF & PSEASF for U and posted a JPG snapshot of their 3 years & 5 years performance till Dec 2008 vs Dec 2011.
I don't think PSEASF have been around for 10 years though hehe.

MK,
sry for wrong stated CAGR as 9-11%

my P & L in % is ( net gain or loss *100) / actual amount invested...pseasf was launched in 2007..btw wat is sharpe raion anyway?

hehe - no probs. I also tend to blur things on/off when reading or typing too fast

Sharpe ratio?
http://en.wikipedia.org/wiki/Sharpe_ratio
In simple English, the higher the Sharpe ratio is for an investment, especially MY-style of mutual fund, the better its reward to risk ratio.
FYI - U can ask your agent to use FPAdvisor from PM to press out the 5 and 10 years stats ending Dec 2011 and Dec 2008.
These will have Sharpe ratio, Standard Deviation, CAGR, etc. all there.

Another interesting ratio = Jensen's Alpha.
Thanks to sifu Xuzen for introducing this to me.
http://en.wikipedia.org/wiki/Jensen's_alpha
In simple English, it shows how EFFECTIVE the fund manager(s) are - whether they are the reason for the "alpha"
This, U need to calculate based on the data/stats pressed out from FPAdvisor, which is quite simple as all the ingredients are in FPAdvisor.
Go poke your favourite agent with a subscription to FPAdvisor

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My consultant ask me to buy this fund and every month DDI. Later 3 yrs check back this performance and it is dissapointing.

Got stuck.

I imagine those who bought at ealier stage. Starting price 0.25 to compare now.

This post has been edited by Seremban_2: Jul 21 2012, 04:01 PM

I was one of those who bought at high. Luckily I have switched to PSMALLCAP to cut loss. Net loss still high even though PSMALLCAP did provide positive return since I switched out from PCSF.

Unbearable pain and emotional dissapointment with this investment after checking it. It is making a 4 digit lost and 2k++.

If I switch, it will lost in capital depreciation and sales commission.

I'm not sure about you. But I rather switch into a better performing aggressive fund in order to cut loss or break even at least.

For me, on that day I switched out, PCSF is at loss of RM 981.26. Now, for my PSMALLCAP, I have a paper gain of RM 268.21 (as of Friday posted NAV).

Make your own judgement and don't rely too much on your UTC. Not flaming them but ultimately, the decision is still on you!

PCSF for those can tahan high volatility. if u cannot tahan, dont wait, just switxh to bond funds at the moment. there are many local funds doing well.

You may consider other fund especially those dividend funds e.g. pdsf. Recently consumer product shares rising a lot e.g. dlady, nestle, carlsbg etc. I realized dividend based funds are doing not quite bad these days especially those invested very high percentage locally one.