Yes. You can.

M’sians urged to join private retirement scheme for a better life after retirement

KUALA LUMPUR: CIMB-Principal Asset Management Bhd wants more Malaysians to participate in a private retirement scheme (PRS) to ensure a better life for them when they retire.

URL: http://www.thestar.com.my/Business/Busines...heme/?style=biz

If they can ensure people that dump money to PRS can have > 10% of dividend annually with 3000Rupiah of admin fees when people buy and sell, then yes, I will make sure my 7 figures savings will be dump in to it.

No Fund Manager will provide upfront Guarantee

Now market is bad, my auntie can't go to Europe for vacation and start to look for water fishes from relatives

Got my Public Mutual's PRS annual statement today. Started this PRS 3 years ago.

How is the return?

Well, only 6.6% increase over the 3 years! Worse than FD! Guess I picked the wrong PRS. Ha.

Anyone with consistently better PRS?

CIMB-Principal.

You can always refer to this site to monitor each PRS fund performance: http://gllt.morningstar.com/e6qvxuu98r/fun...anguageId=en-GB

I chosed Affin-Hwang PRS Growth,,, cumulative 12.XX% rate of return so far (started since inception).

Xuzen

Thanks.

I picked PM mainly of its past general good UT performance.

This PM PRS is just useless. The manager there sinks in his performance! I don't have a big amount in there but still expect it to do better than FD especially when other PRS can beat FD.

I think it is possible to switch to another PRS fund, right?

Cheerio.

You can transfer out to another PRS provider from your existing PRS fund.

Make sure that your existing PRS fund age is more than a year.

Will check the PRS web site for the details, fees to pay etc.

I hope PM managers are reading this. Ha.

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This post has been edited by cappuccino vs latte: Sep 30 2024, 11:32 PM

Sorry to hear that. Which PRS fund?

Like me, time to change boat! Ha.

I really wonder, govt etc encourage people to invest in PRS and looks like some of the PRS funds are draining money instead of growing money. Surely they should have more competent people in managing this vital industry.

Top Performing PRS Funds as of 6th May 2015
http://invest-made-easy.blogspot.com/2015/...of-6th-may.html
compiled by blogger...

Despite PM lackluster performance, it's still # 1 among PRS providers in terms of market share

I am one of those who chose PM due to its brand name, thinking it would do well like its Regular Saving Fund. Wrong assumption!

That is the common saying in UT when things are not doing well.

Problem is, how come other PRS funds can still do better than FD? My take is, if this one is not doing well now, when things are good I will not expect this fund to do better than the ones which are doing OK now. Yes, sifu will come in and warn me not to extrapolate like this. Ha.

I think as a logical step to assess fund performance, one should at least assess the situation of the market. I have seen a lot of people commenting on low fund returns but bear in mind… last year’s dip in December really was quite damaging. In contrast, my friend who invested in December 2014 would make more return (percentage wise) than me when I invested in aug 2014.

Of course, in this case (I didn’t research) looks like PM is underperforming the likes of its competitor. I put money into cimb-asia pac prs. Getting 10% return in 7-8 months? Because cimb is that much better? Or because in contrast, malaysia performed worse compared to asian market?

imho,for PRS , we shud diversify more towards outside malaysia. coz most of us already hav epf which concentrate investment in malaysia.

currently onli buyin affin hwang moderate PRS.

Hi guys, I have a question to ask. Last year I've invested in PRS RHB-OSK at RHB counter, lets say I dun see them performing well, can I but other banks like let's say AIA PRS and keep the last year one in RHB-OSK?

Anyone did that before?