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(b) any money withdrawn from an insured deposit for the purpose of purchasing any units in a unit trust scheme is not insured by PIDM.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

how easy to withdraw $$ from FSM ?

need fax them document?

no need. they will jst send u a check to your postal address

when u open account with them u need to give them a designated bank account, so ur withdrawals they will EITHER mail u a cheque or bank in the cheque into ur bank account, at no extra charges

or direct bankin to your account if you requested them to bankin

good thread !!! Thanks to all brothers...

Don't forget to use their Fund Selector to find out the best funds in the same sector and if you have iPhone, go download their app, it's free!

This is how I track my AmBond.

Is the payment using CIMBClicks troublesome? This is my first time experience.

mm i don think so, i'm using M2U, usual 3rd party transfer and then attach proof of payment

is it easy to track using fundsupermart website on the funds that you guys bought?

still contemplating to try it or not? need to study the switching fee and stuff first.

yes, their interface is MUCH better than Public Mutual .

user frenly, and most importantly, can track your capital invested

This post has been edited by kucingfight: Feb 19 2012, 02:48 PM

it is very easy. just click and done. but normally you purchase today, u buying at tomorrow price.

if u pay before 3pm, it will be priced @ the day itself.

but somehow they got my portfolio profit/(loss) wrong

nvm, as long as they get my current portfolio value right ok liao

So you guys use the osk uob cash management fund to buy the other funds in f.supermart or normally transfer from bank?

UOB cash management fund is a still a unit trust (money market), only available to FSM members.

To purchase UT, u would still hav2 transfer from a bank,unless if u've invested in cash management and u can switch to any UT.

This post has been edited by kucingfight: Feb 19 2012, 04:58 PM

Thanks.. Can you let me know transferring using which bank will be easier? Less troublesome and less steps?

currently, there are only 3 available banks for 'direct' transfer, HLB, CIMB or maybank. these all are convenient

You mentioned earlier that using M2U needs to attach proof payment. Sames goes to CIMBClicks as well right?

david, honestly, i'm not sure as i only transact tru maybank, but i supposed the procedure should be almost the same.

For CIMBClicks and HLB, you dont have to attach proof payment because they have the e-payment service where you will be redirected to the bank site to make the payment. But for Maybank, they dont have the e-payment service yet, so you might need to transfer/deposit separately to their bank account. So proof payment is needed in this case.






This post has been edited by rubetrio: Feb 19 2012, 09:50 PM

So for CIMBClicks and HLB, their system will take care everything automatically? I don't need to email them anything such as reference number and etc. after the fund transfer is completed?

CIMB I dunno, last time I paid using HLB

After u processed an order in FSM, there's a link to direct u to HLPay

yes. ive been with fsm since last year. i believe that we should support them as their charges are lower.

sometimes i use cimbclicks to make payment before 12pm, they still price me the next day price =(

It baffles me why SO MANY people just can't be bothered to check out the website thoroughly and look for the answer...
http://www.fundsupermart.com.my/main/faq/faq.svdo?id=2409



This post has been edited by Pink Spider: Feb 20 2012, 02:59 AM

My account just approved by FSM. And now waiting answer from them regarding how I transfer money from Public Bank to them

How to apply the FSM account?

Submit an online application via http://www.fundsupermart.com.my/main/resea...?articleNo=1985

Then, fax or email the required documents as indicated.

bro, u can juz go to their site, it's all self explained and guided

* don mean to be rude, but let's try to keep this thread clean n useful

ok... sorry about that!

Anyone buying by referring their recommended fund/recommended portfolio? or based on own analysis?

I have
OSK-UOB KidSave Trust - current recommended fund
AmDynamic Bond - FSM all-time favourite MYR bond fund
AmBond - current recommended fund
Eastspring Investments Global Leaders MY Fund - past recommended fund
Eastspring Investments Global Emerging Markets Fund - past recommended fund

do I answer your question?

of cos, I also did own analysis and selection too

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Added on February 21, 2012, 10:43 am+100

ppl should learn to TRY find out on own initiative 1st, nowadays most online sites are self-explanatory

This post has been edited by Pink Spider: Feb 21 2012, 10:43 AM

Yeah, u did, just see how many of us are referring that too.
I'm one of the buyer of that "all-time favorite" fund, and now thinking of diversifying my eggs.

Refer to FSM's "Recommended Portfolio" for a rough guide on building a diversified portfolio

MYR Bond
MYR Equities
Asia Ex-Japan Equities
Emerging Market Equities
Global Equities

The % of each is up to u

Hai Bro,

What do you think about OSK Dana Islam?

I bought that.

Any recommendations?

Thanks a lot.

Sorry I'm never interesed in MYR Equity funds, prefer exposure to MYR equities thru MYR Balanced funds

Have anyone seen this?

Fundsupermart.com has 12 award-winnings fund at The Edge-Lipper Malaysia Fund Awards 2012.
Best Fund

VS

Public mutual wins 8 awards.
The Edge

it's not really a comparison for a start

FSM= just an UT agent, they don manage any funds themselves

if u would wan to compare, u should compare it by investment house; OSK vs PM, AMinvestment etc

Correct, they are just an UT agent. can't really compare.

But what I wanna highlight is that, they really change they way how we invest. Imagine, now i can have a portfolio with built up with all the best funds, and all consolidated under one holdings page, isn't that great?

Hope they will carry Public Mutual funds one day.

bcos they have most of the fund houses

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...

---

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!

The very reason u mentioned is the reason putting me off this fund

Among Asia Ex-Japan markets, Malaysian shares have one of the highest PE valuation at the moment. And recent corporate earnings do not seem to be too rosy...

Since Kenanga Growth Fund is not under my radar now, I'm planning for AmDynamic Bond Fund after its dividend date on 12 & 13 March 2012.

What you guys think of this little strategy?

david, buying before or after dividend makes no diff..

remember dividend = passing money from left to right hand (in this case..non taxable)

This post has been edited by kucingfight: Mar 1 2012, 10:32 PM

You're correct but after dividend, the NAV will drop.

and dividend is reinvested= units increased . aka NO difference..

before dividend, 'high price' 'less units' = after dividend 'low price' 'more units' ...aka same.
don be fooled by dividend..no such things as free money

Dividend in UT is TOTALLY different to dividend in shares

Yea it's purely left hand go right hand, zero effect

OK. How about other funds to recommend beside the aforementioned two?

Refer to FSM's "Recommended Funds" and "Recommended Portfolios"

Alliance Global Equities Fund also have been a solid performer, but it's a lot more riskier. 2/3 in growing Asian markets, 1/3 in US, UK, Germany, France & Japan.

Eastspring Investments (Formerly Prudential) Asia Pacific Shariah Equity also a solid performer. Asia Ex-Japan equity fund.

I have 75% of my Public Mutual portfolio for Asian market. Not really interested with offshore funds.

In that case, u can't go wrong with AmDynamic Bond and Kenanga Growth

My personal favourite has been Hwang Select Income Fund, invested since 2008, and topping up from time to time, my holdings have increased (NAV-to-NAV) by 22% to-date.
This fund won a prize during the recent Lipper awards yo

I'm aware of Hwang Select Income Fund from the other thread. Too bad that it's not available in FSM.