i think the problem is not with fundsupermart, it is public mutual who are afraid that if they let fundsupermart sell the funds, it will affect their agency business.....

maybe,
PM has more than 40k agents. largest in malaysia private UTMC. or PM itself very loyal to agents. investor only can buy/sell/switch in FSM. thats why less SC.

i think FSM managemnt fee is higher than PM.(the fund company + FSM), ya, where else FSM can make money with less SC. pls correct me if i mistake. and some has exit fee too in FSM.


some investors still need agents to educate them abt UT too.

bro, mgmt fees and exit fees (if any) are charged by the Fund Manager, not FSM. FSM is just an "agent" for the Fund Houses. Like AmDynamic Bond, whether u buy from AmBank or Hong Leong Bank or FSM also 0% entry, 1% exit. Mgmt fees also no difference.

FSM make money from not having to support agents and low overheads from having to maintain only 2 offices nationwide (if I'm not mistaken they only have offices at KL and Penang). If they wanted to they can even operate from just 1 office.

However, I agree with you on red
Not everyone has the ability, time and initiative to comprehend how UT works. An agent would be helpful for them. Just as some ppl can trade shares on9, some prefer the services of a broker and they don't mind paying more brokerage fees.

This post has been edited by Pink Spider: Feb 24 2012, 12:40 AM

Agree, in short, there are two groups of people, one who can manage their own investments and the other groups need an agent to help them to do so.

PM shouldn't just only target the later group.

For myself, I like to manage my own investments, so if PM is not available on FSM, i think i never buy their funds.

Not all broker good one, some of them only concern of their own earnings by asking people to buy buy buy...and end up the investor is the loser. I estimate of all the brokers maybe about 20% are truly professional...

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Added on February 24, 2012, 12:02 pmFSM have almost no agents.. they only operate online website. Their sales charges are much lower compared to purchasing from agents. They earn money by having lower overhead and no need to pay agents. The other management and trustee fess are all the same. Example below a equity UT from CIMB.

1. Buy from Agent
Sales Charge = 6.5%
Annual Management Fees = 1.5%

2. Buy from CIMB Clicks (DIY)
Sales Charges = 2.5%
Annual Management Fees = 1.5%

3. Buy from FSM (DIY)
Sales Charges = 2.0%
Annual Management Fees = 1.5%

Which one will you choose?

Seriously, sooner or later UT agents is a sunset industry... look at other countries where most UT is traded online and even then UT itself is threaten by ETF which is steadily eating into UT purchases. The only stalwart in malaysia in PM, others such as CIMB, OSK, AMBank, Pacific all have gone online. Sooner or later market forces will determine the move to full online for PM....the question is only when?

I for one has moved all my UT to online, and now exploring it to move to ETF... for even lower fees... about 0.3% management fees per annum.

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Added on February 24, 2012, 12:15 pmBalanced funds is not worth it.... better to buy equity and bond funds to mix your self.

Just calculate this.. average balanced funds have sales charge of 2% and management fees of 1.5%, holding 50% bond in FSM
If you buy 50% bond and 50% equity separately your charges is much much lower, and it is easy for you to rebalanced themselves. If you buy 50%/50% then your average charges is 1% sales charge and 1.25% management fees.

This post has been edited by gark: Feb 24 2012, 12:15 PM

Y I TAK PERNAH THOUGHT OF THIS

I thought MYR Focus Balanced Fund (KidSave should be classified as "MYR Focus", becos it has mandate to invest up to 30% of its assets in Asia Ex-Japan), I can every month close 1 eye buy in RM100 regardless of market condition and leave the balancing work to OSK-UOB...

So far KidSave doing not too bad mar...averaging 10% p.a.

but Kenanga Growth doing in excess of 10% p.a.
AmDynamic Bond also senang2 can do at least 6% p.a.

Ok, I'm dumb

but problem is Kenanga Growth is 100% MYR...I wanted some exposure to Asia Ex-Japan

This post has been edited by Pink Spider: Feb 24 2012, 01:26 PM

No probelm mah.. if your kid save has 30% (equity portion)exposure to Asia ex. Japan.. then you can also formulate yourself.

50% Bond Fund
35% Equity - MY
15% Equity - Asia ex Japan

Then you can select the best fund in each category. I always see that those 'rojak' funds never perform good as they have too many things to focus at one time.

Thus, better to invest in specialized/focused equity funds and create yr own rojak by Asset Allocation

Thus we need to continuously learn / be open with ideas - that's why we're here in this forum gua
Different folks, different strokes, different point of views & reality - thus, lots of possibilities to learn/share

This post has been edited by wongmunkeong: Feb 24 2012, 01:42 PM

Balancing is easy mah.. only need to once every 6 months or so. Open account, if bond highr % then switch some to equity and if equity higher % switch to bond loh. 2 menit job only.. no need to pay ppl do?

Having separate equity/bond also have advantage, you think stock over value.. then you can put more into bond and get to KEEP the switching credit during under value to where you switch from bond to equity. Or it you don;t want think so much, just keep it 50%/50% all the time, even OSK does that.

Today baru topped up RM150++ into KidSave to make it round RM500
Nvm lar amount not big, just leave it there to grow

Bond - AmDynamic
Equity MYR - Kenanga
Equity Asia Ex-Japan - ???

OSK-UOB Equity Trust last time an outperformer...they can invest up to 50% in Asia Ex-Japan with remainder in MYR Equity I think. But last 1-2 year sink into oblivion

FSM got Eastspring Investments Asia Ex-Japan & Asia Ex-Japan Shariah, the Shariah variant seem to be doing quite well

Pheim Asia Ex-Japan more into Asia Ex-Japan small-mid cap

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Added on February 24, 2012, 1:46 pmWong Seafood

Well said

This post has been edited by Pink Spider: Feb 24 2012, 01:46 PM

I do not like most of Malaysia's Asia ex. Japan.. cause i think they have no experience managing outside of the country yet... as always my favourite asia ex japan will be Aberdeen Pacific Equity Fund .. really good performer year in year out.

Otherwise you might wan to consider CIMB Asean 40 ETF...

This post has been edited by gark: Feb 24 2012, 01:49 PM

Then u gotta pick 2 funds from same fund house

Prob is, AmInvestment dun have an obvious strong performer in MYR Equity category

This post has been edited by Pink Spider: Feb 24 2012, 01:50 PM

Deleted.. wrong info...

This post has been edited by gark: Feb 24 2012, 01:53 PM

gark, u troll me

Q: Is credit system applicable to all switching?

A: No, Credit system is only applicable to Intra-switch, not for Inter-switch.
However, there are certain funds which are not available for Intra-Switch. Please refer to SWITCHING OF FUND FAQ for more information.

http://www.fundsupermart.com.my/main/faq/faq.svdo?id=2001

Yeah sorry, too used to Singapores FSM.. free switching... hehehe my bad.

yeap, Pink spider, that's why i only focus on Equity and Bonds (and effectively sort of a balanced fund portfolio). i think guys here have explained it.

personally, i'm the type that is only interested in 3-5yrs performance consistent funds. So for now,i'm only investing in local based

so, conclusion is, Balanced Fund only suitable for ppl who dun hv time n skill to balance his portfolio i.e. lazy ppl

lucky i only bought RM500...

It's good time to go into Kenanga Growth Fund now.

It has touches 1 year and 3 year HIGH.

I want to take advantage of the 1% service charge.

Yes it's a good fund, but personally, i will hold off for now..park in bonds first n switch in @ when it's lower

That's my worries as well. You got my point too!