i wish to change agent, but not allowed
i bought the fund when i was working at KL, the agent is my colleague

after i move back to Ipoh and he move to S'pore, he no longer service me
the fund performance is pretty bad too, after 5 years... so, i decide to close it

How would a new agent helps? And by the way, what is your expectations from an agent? An agent, or more correctly a Unit Trust Consultant (UTC) is a sales agent. He/she is not a personal financial adviser. And neither is a UTC a financial analyst. And definitely not a fund manager.

Any funds recommendations by UTC would be just as good (or bad) as you and me. His duty is mainly to educate the client what type of funds are available; and to introduce unit trusts to the public.

And I think it is against any fund company policy for a UTC to recommend on market timing, ie. when is the best time to buy or sell a fund. The UTC will get sooner or later get into trouble if he does that with his clients.

BTW, there is a procedure to change UTC. The former UTC has to sign a form and release the account to the new UTC.

I currently have some units in PAUEF since 2009 and it seems to be making good progress (profit). I was having some thoughts about withdrawing half or 3/4 of the fund to pay for my house reno.
Any sifus out there care to advise if this is a right move or should I keep it longer?

This post has been edited by teng_08: Dec 30 2013, 02:38 PM

About 2 weeks ago, I switched out of a local fund. Since then, it went up another 2%. It went up more than 1% in just one day last Friday. Am I cursing myself? Yes, for sure. Damn unlucky if it keeps going up the next several months. But the overall plan was locking in some profit for the year and 're-balance' the portfolio in the 1st quarter...

Market going up or down, no expert can predict 100% accuracy on short-term market timing. And even if they do, how can we understand what short term really means? Days, weeks or months? Or sell/buy by a certain date? And can we trust the advice?

IMHO, it would be better to look back into the initial objective of having the fund, PAUEF, to come to a decision.

Thanks.. I truly appreciate your opinion on this. I think I've achieved my objective with this fund. Will probably switch out and maybe next year look into PFSF. I have some units in there too..

Public Mutual declares dividend for 8 funds


Public Mutual said the gross dividend for Public Savings Fund was three sen per unit, Public Islamic Savings Fund (0.75 sen), Public Focus Select Fund (two sen) and PB Growth Sequel Fund (1.50 sen).

The Public Islamic Enhanced Bond Fund distributed the highest dividend of five sen per unit while Public Strategic Bond Fund was 3.50 sen, Public Islamic Strategic Bond Fund was also 3.50 sen and PB Mixed Asset Conservative Fund 0.25 sen, Public Mutual said in a statement today.

Read more: Public Mutual declares dividend for 8 funds http://www.btimes.com.my/Current_News/BTIM...l#ixzz2p2JGhmdk

Would be interesting to see the NAV price of the ASEAN funds tomorrow noon... Thai index dropped -5.23%, on the 1st trading day of the year; while KLCI -0.75%, STI +0.23% and Jakarta +1.24%.

edit: Thai index updated.

This post has been edited by j.passing.by: Jan 2 2014, 06:23 PM

No surprise to me on the drop especially KLCI. The figure being so nice in last few days, before closing of 2013, seen like the market want to hv nice closing value.

It's called 'window dressing', for the year-end and and quarterly reports.

Is a actively managed fund good or bad?

If the fund manager takes too strong a position, he is betting too heavily on his position. This was what happened to the largest bond fund Pimco last year... http://www.bloomberg.com/news/2014-01-03/g...imco-funds.html

Bill Gross, the money manager known as “The Bond King,” misjudged the timing and impact of the Federal Reserve’s plan to scale back its asset purchases in 2013, spurring the Pimco Total Return Fund’s biggest decline in almost two decades.

Just to share what I learned from the Fundsupermart.com thread.

FSM has a Regular Savings Plan. It is the same as DDI (Direct Debit Instruction). But it has one important thing that is NOT AVAILABLE in Public Mutual. Its initial investment of RM1000 is waived.

What does this means? You can start a new fund with as low as RM100. And then follow through with the same monthly amount.

This means:
1. With a monthly budget of several hundreds, you could begin investing in unit trust with several funds at once. This means diversification instead of choosing only one fund at a time.

2. A true DCA (Dollar Cost Averaging) strategy since the initial amount and the monthly amounts are the same.

Needless to say, if you are starting in unit trusts... better shop around first.

Cheers. Happy investing in the year of the horse.

This post has been edited by j.passing.by: Jan 4 2014, 10:54 PM

2013 was not too bad. My 1st portfolio ended with 4.5% up, can't really expect spectacular result with the portfolio averaging less than 50% throughout the year. Yeah, got spooked by rumours and doom & gloom news.

2nd portfolio with fresh money (from EPF) did much much better. Was regularly switching and building up into equity (from a bond fund); and since it was from a low-load bond fund, was able do it on regular basis without worrying about any extra charges in switching fee. DCA thumbs up.

New year resolution: Get the 1st portfolio into equities; using the proven DCA method, switching 1% each month (since I have 18 free switches each year), spread over 4-5 years!

yeah good lesson. I think im gonna be moving most of my investment standby fund there...as putting it in FD will lock my money at least a month....quite troublesome when i know i can get same return n in fact they are paying you based on daily rate(which is awesome) based on the increase nav daily...my standby fund later i can use it to buy any fund instantaneously when the opportunity strikes...

im refering to rhb-osk money market fund 2 actually...

This post has been edited by max_cavalera: Jan 6 2014, 12:39 AM

Yes, park money in money market funds, not bond funds.

I'm still not sure whether the recent increase in service charge to 1% is applicable to money market funds as like the bond funds. If it is, say good bye permanently to Public Mutual.

It is for investors who had build up their savings a long time ago when there was no better option.

Public Mutual to launch Public Islamic Growth & Income Fund on Tuesday

Public Mutual is launching the Public Islamic Growth & Income Fund (PISGIF) on Tuesday where the equity exposure will range from 75% to 98% of its net asset value (NAV).

Public Mutual, which is a unit of Public Bank, said on Monday the Islamic equity fund would seek capital growth and regular income by investing in a diversified portfolio of growth and dividend stocks primarily in the domestic market.

The initial issue price of PISGIF is 25 sen per unit during the 21-day initial offer period from Tuesday to Jan 27.

Public Mutual said during the offer period, the special promotional sales charge can be as low as 5% of the initial issue price per unit.

PISGIF can also invest in Sukuk and Islamic liquid assets, which include Islamic money market instruments.

“To achieve increased diversification, the fund may invest up to 25% of its NAV in selected foreign markets which may include China, South Korea, Japan, Taiwan, Hong Kong, Singapore, Indonesia, Thailand, the Philippines and other permitted markets. The fund seeks to distribute income on an annual basis,” it said.

Public Mutual said PISGIF is suitable for medium- to long-term investors who are able to withstand the ups and downs of the stock market in pursuit of annual income and capital growth.

Any advise on PFSF fund and Public Enterprise Bond in the current market? I have been on the loss of -7% for PFSF since last year bought on May. Not sure whether to let go now.

From the performance chart, 15/05/13 till yesterday, Focus Select Fund has dropped 2.11%. So I guess that the loss of 7% is including the service charge of 5.5%.

You need to hold any fund for at least 3 years, preferably 5 years to amortise the service charge. This high service charge will be very costly if you enter and exit into Public Mutual very often.

PFSF has a good track record, except that it performed well below other funds in 2013. And you bought it during its peak in May. It is advisable to do DCA when purchasing any fund.

You may try and switch to a less volatile fund like Public Growth, which has just dropped more than 1% this past week, while PFSF dropped about 0.3%.

Ultimately, how to play it would depend on your objective of entering into unit thrust funds and also the wider view of the entire portfolio.

Market timing and horse selection to bet on for the short term of several months, I'd given up already...

Dear Unitholder, We are pleased to attach the market wrap and bond market review for the week/fortnight ended 27 December 2013 for your information. Regards Customer Service

Is there any place to make complaints on unethical agents that go around cheating those not well versed. I just came across a public mutual manager who guaranteed returns that were never made and only thought about his commission when giving advice.

mutual fund is not something that hv guarantee return. Does the agent told u that when approach u?