Hi Xuzen,
Just noted your reply after I posted today...

nah, not going to take the trouble to assess the risk... the risk in my current portfolio will win hands down.

No issues buddy, was just pulling your leg. Without the help of super duper specific purpose software, don't bother to do the risk calculation. The time are better spend doing more exciting things... like "chasing skirts" etc.

Xuzen

PISEF going to close for cash investment starting 1 August.

Not sure should start DDI now.

Any other fund will be closed?

As this write up, only memo about PISEF Closure for Cash Investment is received.

OK, thanks.

Here's a question.

With super-duper software that can produce all sorts of figures, are there any additional software that can co-relate the calculations to actual future performance?

In other words, looking back in time, how profitable were those calculations if you had actually followed them?

You mean they got put the memo on public mutual website?

To UTC (agent la) - Internal Circulation (First).
Biasa la this kind of communication process within Organization.

Then later the company will update in their website at below links:-

http://www.publicmutual.com.my/LinkClick.a...3S8%3d&tabid=87

Answer to question 1:

Correlation is impossible to future performance because the event has not happen yet, there is no correlation. Due unknown parameter I cannot compute.

Answer to question 2:

My three years annualised return of my tracked portfolio is around 12% p.a.. My sharpe ratio is maintained above 1.5. I keep my porfolio simple i.e., I buy into two asset class only (bonds and equity) since I do not have super-duper specific software, I calculate them manually. I cannot handle more than that due to lack of sophisticated tool.

Xuzen

Actually, there's only 1 question.

My use of the word "future" was in the wrong context, my apologies, so let me try again. Ok, so you do calculation of Sharpe ratios and what have you, etc. Let's say you did those calculations 5 years ago. Looking at it today, did the "good" ratios turn out to be consistently profitable, and "bad" ratios turn out to be consistently not-profitable? To what extent did those ratios/calculations contribute to the profitability (or otherwise) of those investments?

I only tracked my portfolio using these Modern Portfolio Theorem starting three years ago. Prior to that I was like most investors, shooting blindly.

Read back my post #1356.

I would not have invested if the ratio is bad. To give an example, there was a hype of people going for PCSF when there was a herd mentality that china was good. However, the ratio showed that PCSF was a sucker. I avoided it and was duly rewarded.

Let's take another example (PISEF), I transferred my fund into it last quarter because according to my calculation, it 3 years past performance is around 5% better than benchmark (i.e. KLSE70), risk adjusted.

Xuzen

The history,
launch Public China Select Fund (PCSF) on the 5th of June 2007.
By 13th of August 2007 (2 months after launching), PCSF fund size grew to a whopping RM1billion in size!
However the direness of the situation were already showing between 14th January 2008 to 23rd January 2008 when the Shanghai Stock Exchange lost almost 1000 points. Gains that investors enjoyed since the launching of PCSF were wiped out by March 2008.
The oldest China equity fund, PCSF, despite gaining handsomely between launching date to Oct 2007 is the biggest loser among four funds..-31% since launch!

wow, xuzen, you tracked the price movement for just a few months only and you managed to get the decision right.

i am currently holding PDSF at 10% of my portfolio allocation....intend to do top up using EPF every 3 month, which would continue to increase my current 10% allocation. can you pls advise what your take on this PDSF? thks


This post has been edited by yklooi: Jul 26 2013, 10:31 AM

PIDF offer a slightly better risk adjusted performance, hold on to this first because PDSF is still a winner after all. Ask me again somewhere in mid Sep-2013 when I would have receive a new more updated set of data.

Xuzen

Public Mutual declares distributions for 10 funds

Public Mutual declared distributions ranging from one sen to 5.25 sen for 10 of its funds for the financial year ending Wednesday, July 31, 2013.

It said on Wednesday that for the Public Australia Equity Fund, the gross distribution per unit was 1.0 sen and Public Far-East Property & Resorts Fund 2.0 sen.

For the Public Islamic Select Enterprises Fund, the dividend was 2.25 sen per unit; Public Islamic Opportunities Fund (2.50 sen) and Public Optimal Growth Fund (2.50 sen).

Public Growth Fund (3.0 sen); Public Islamic Select Bond Fund (3.5 sen); Public Islamic Income Fund (3.75 sen); PBB MTN Fund 1 (4.0 sen); Public Bond Fund (5.25 sen).

Public Mutual, which is a unit of Public Bank, is Malaysia's largest private unit trust company with more than 90 unit trust funds under management. As at end June 2013, the total net asset value of the funds managed was RM58.9bil.

Hi, just want to know if i have public mutual account which i used kwsp account 1 money to buy, can i use the same public mutual fund account to invest other public mutual fund in cash via Pbebank online?

Not same.

They'll create another account of the similar fund.

That means i cant do the online transaction to buy the fund in cash even i already have bought fund using KWSP Account 1 money?

Fund A with Acc Num 123 *cash investment*

Fund B with Acc Num 124 *EPF scheme*