Public Mutual v3, Public/PB series funds
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 Jun 27 2012, 02:45 PM
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#1
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Senior Member
1,192 posts Joined: Jan 2003 From: Kepong, Kuala Lumpur, Malaysia.  
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Public Smallcap Fund will be closed on July 2nd, so I'm planning to cash out everything (just RM1200) and reinvest into another fund, since I can't do value-averaging.
Any good equity fund to recommend? |
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Jun 27 2012, 10:18 PM
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#2
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Senior Member
1,192 posts Joined: Jan 2003 From: Kepong, Kuala Lumpur, Malaysia.
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QUOTE(wongmunkeong @ Jun 27 2012, 05:09 PM) What has your cashing out and timing got to do with the fund closing? Fund closing means it is closed for fresh investment as it has reached the upper limit of its volume and size. It shows that it is a good and popular fund to hold. Ah, Its because I cannot do additional purchases of the fund once its closed, so if a bear market happens I cannot do value-averaging.The local bourse KLCI is at its peak, if it drops, all local equity funds will drop in tandem. Only the bond and money market funds retain their level. Smallcap is an aggressive fund. Switch to either a moderate balance fund or a conservative bond fund. Take note of switching costs if any.  Another way is to set DDI every month, but I stopped DDI earlier because I cannot choose which day of the month to purchase, everytime I see price drop in the middle of the month cannot buy, but when it goes back up at end of month only they purchase.  This post has been edited by Sichiri: Jun 27 2012, 10:19 PM |
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