Anyone trade in Fundsupermart, Malaysia? How safe it is to trade in it? It is linked with OSK but cannot find anything on what will happen if it get busted? Any guarantee like PIDM?

http://www.fundsupermart.com.my

This post has been edited by arj: Jan 30 2013, 01:09 AM

(a) unit trust schemes and units in such schemes are not insured by PIDM; and
(b) any money withdrawn from an insured deposit for the purpose of purchasing any units in a unit trust scheme is not insured by PIDM.

http://www.pidm.gov.my/downloads/gddii_2011.pdf

All the funds listed on FSM is approved by BNM. The holding of each funds in entrusted to their individual fund's trustee. In case of FSM being bankrupt or otherwise cease to do business, your holding in each fund will still remain with the fund houses. PIDM does not cover Unit Trust, only deposits.

Basically FSM is like your ordinary fund salesman/advisor, even if the salesman quit or die, your holdings will not be affected.

This post has been edited by gark: Jan 6 2012, 07:17 PM

Any one tried buying funds from Fundsupermart Hong Kong? Funds are either in USD, Euro or HKD. The funds profolio is very interesting ... e.g.

Comments anyone.


Attached File(s)
 factsheetHKFT10.pdf ( 101.45k ) Number of downloads: 287

PM Cwcheah.. he has account in FSMHK

Yes i did. I started to invest in FSM-HK since 2009. Make some money, and lost some. Invest in equity funds, but now still making losses.
But i agree, FSM-HK has more choices of funds.

Most importantly, FSM is licensed by SC (securities commision), so it's secured

Been with FSM since 2009, highly recommended

Compared Ambond sales charges and annual expense ration between Fundsupermart and banks ... they are different. Sales charges is lower but annual expense ration is higher in Fundsupermart. Is this common .. i.e. purposely reduce fee for entry but have to pay more after than .....

The annual management fees charges by fund houses is not determined by the distributor (FSM & Bank) but by the fund company (AmBank), so from whichever distributor you get it from, it is the same.

Probably the difference of the charges you see is the 'real' charges and the 'expected' charges.

Example, from prospectus the fund Annual Management Charge is written as 1%, but there are other 'fees' such as audit, printing, trustees etc which will raise the annual expense ratio to 1.05%. The actual annual expense ratio (1.05%) is what the fund holders pays no matter if you buy from FSM or the bank.

Investors shd support FSM, low cost investment channel, too push other fund houses to lower down their sales charges

I'm thinking of opening an account with FSM.

This is a very good thread.

FSM is having an investment seminar @ KLCC this saturday, u shd go and open an account on the spot

I'm not in Klang Valley now. I'm not working in Klang Valley as well.

+100

5-6% sales charge for balanced/equity funds is simply outrageous, in a reasonably good year, 1st year profits just to breakeven

This post has been edited by Pink Spider: Jan 11 2012, 11:31 PM

Psst... already got competitor.. CIMB clicks is currently cheaper at 1.5%.

Yeap. The usual rate is 2% also.

oh.. that is good news. I previously registered via the website, but it is pain in the @ss as still need to fax and wait few days. Finally, didnt continue to do it..

Concur that too!

just wait them to post u the password only lar...like that oso kenot wait?