There is NO guarantee in investments. If an agent can promise u things, u better ditch him/her.

Excel for me too...totally up to me to customise it for my needs...

Parliament dissolved - down
BN win - yea up up up
PR win - down due to uncertainties, but will go even further once things settle down

A value is meaningless in isolation, do share with us, how much was your investment capital?

If your capital was 1m, 23K lost is only -2.3%
If your capital was 50K, 23K lost is -46%

dun tell me it's 50%+/-

China bottoming yes, it's obvious from the charts...but how long will it linger there?

That's why Dow/S&P did better than the rest of the world recently

Come I join u here

Let me add a useful point to consider

A unit trust fund can have 3 types of gains:
(1) Income from dividends received and interest received. Often, these are received in the form of cold hard cash. These are REALISED INCOMES.
(2) Net gains from disposals of investments (proceeds from disposal LESS cost of sale). This is also a REALISED INCOME.
(3) Fair value gains i.e. market value/"paper" gains. This is an UNREALISED INCOME.

AFAIK, a fund can only make distribution/pay dividend from its REALISED INCOME.

Thus, it can be said that, only a fund with healthy operating cash flows can make distributions.

BUT

It does not necessarily mean that a fund with healthy operating cash flows is better than one without. Why?

Let me answer using an example/illustration...

XYZ Dividend Fund received lots of dividends during the financial year, and so it is in position to to declare dividend for the financial year. It did not dispose any of its equity holdings during the year. Its portfolio of investments registered a paper loss of -30% due to adverse market conditions.
NAV movement for a fund with such performance is likely to be negative, but it still can declare a dividend.

ABC Dynamic Growth Fund received zero dividend and just a little interest income during the financial year. It does not declare dividend for the financial year. Similarly to XYZ, ABC did not dispose any of its holdings during the year. Its portfolio of investments registered a paper gain of +18% due to its superior stock picking in the volatile market conditions.
NAV movement for such fund is likely to be positive i.e. NAV should have risen by about 18% during the past 12 months.

Get it?

Not this AGAIN

Bro, I humbly invite u to read the recent series of examples, illustrations and explanations on what dividends/distributions mean to investors

Here, read from Page 119:
http://forum.lowyat.net/topic/690951/+2440

This post has been edited by Pink Spider: Jul 1 2012, 09:40 PM

Not necessarily. See my posts.

I've nothing against PM or any other UTC for that matter, but I believe that we investors should have informed knowledge of UT.

Going forward, this reason would be no longer relevant cos more and more companies are distributing tax-exempt dividends nowadays.

Wong Sifu, we are "killing" all those "dividend salesmen"

I can sense another lecture of "what is dividend/distribution" coming

monthly fact sheet

but it only shows their MAJOR/BIGGEST holdings

for full list, have to refer to annual/interim report

NOT THIS AGAIN

pls read the link given by kparam

some PM agents must be cursing us now

WEBSITE

Fund Reports > Fund Review

See those PDF links?

I'm not a PM user/agent, took me less than 1 minit to see them

Again, u r not going to see the full list, only the major holdings. Only inside the annual report u can see the full list.

1st, your writing is seriously wrong.

There is a difference between a DIVIDEND FUND and a Dividend-PAYING Fund

A Dividend Fund invests in high dividend-yielding equities
A Dividend-paying fund has as its objective, to distribute most if not all of its income to its unitholders

I presume u are talking about the latter...

Well, at least the client has BOUGHT the funds, commission is pocketed when the client buys, no?

Not all dividend-paying funds are bad.
Similarly, the fact that a fund can pay regular dividends does not necessarily mean that the fund is a strong performer.

Obviously u have not read the recent discussions at Fund Investment Corner.

Please spend some time to read from Page 119 onwards, any question, ask.

---

Added on July 4, 2012, 7:03 pmA UT investor who monitors and tracks his portfolio will see that dividends are pointless.

It is those passive UT investors who BELIEVED that dividends are a "bonus", "additional gain", "weath enhancement" etc etc etc.

Why?

I illustrate and example of the latter...

- Ah Beng invested RM10,000 in PB Growth Fund.

- Ah Beng never track and monitor his investment.

- 11 months later, his account value actually shot up to RM11,500. But he won't know cos he never go and check his units x NAV price.

- Month 12, dividend is declared. Ah Beng elected to receive dividends in the form of cash payment.

- Distribution is paid. Ah Beng received a cheque for RM1,000

- His account value is now RM10,500.

Dividend or not, at Month 12, Ah Beng's investment is already worth RM11,500.

Dividend - RM10,500 in units + RM1,000 in cash on hand = RM11,500
No dividend - RM11,500 all in units

FAHAM KA???

This post has been edited by Pink Spider: Jul 4 2012, 07:03 PM

That statement is flawed and very wrong.

Aiyo forgot to add on something

Refer back to my earlier example...

Dividend or not, at Month 12, Ah Beng's investment is already worth RM11,500.

Dividend - RM10,500 in units + RM1,000 in cash on hand = RM11,500
Dividend REINVESTED - RM11,500 all in units
No dividend - RM11,500 all in units

Why can't u comprehend the many examples and illustrations given?

BEFORE dividend, u have 4 pieces of moon cakes, totalling 200g x 4 = 800g
AFTER dividend, your 4 pieces of moon cakes are cut into quarters each, making 16 pieces. 16 pieces x 50g = 800g
PLEASE UNDERSTAND THIS ANALOGY

Dividend only makes your holdings become smaller in value, and at the same time "giving" u more units. At the end it's back to zero...

It's exactly like, u own 50% in ABC Berhad.
ABC Berhad has net assets of RM100m, which included RM10m cash.
So, ur stake in ABC Berhad is worth RM100m x 50% = RM50m
If tomorrow the Board of Directors decide to pay out a dividend of RM10m, u will get cash of RM10m x 50% = RM5m
And your stake in ABC Berhad will become RM90m x 50% = RM45m
How much u OWN now? RM45m in shares and RM5m in cash, total = RM50m
Then u decide to reinvest into the company (and assuming the other shareholders do the same)
The net assets of ABC Berhad will now go up to RM90m + RM10m = RM100m
And u own RM100m x 50% = RM50m now

Dividend in unit trust is just like that!!!

I need to see a heart specialist

This post has been edited by Pink Spider: Jul 4 2012, 08:07 PM