http://gopublicmutual.wordpress.com/2011/0...st-examination/

the q is in the comment, no answer.

wow, wow, wow... a big red day to begin the month of Sept... had just pulled in the prices into excel and it is showing the bond/money market funds in dark blue!

And Hong Kong/China market closed the last 2 days... China is still on holiday, Hong Kong opened today and dropping another 1% and more.

Sing and SEA funds dropped more than 1.5%... so portfolio was really hammered this week... lucky not holding any China/Hong Kong funds except that PB real estate.

mind to share what excel ?

mine watch list fund
PUBLIC INDONESIA SELECT FUND

This post has been edited by felixmask: Oct 3 2014, 12:43 PM

MS Excel...
Create own spreadsheet, import the price data (import only the 'value' so it don't change any formatting), add in conditional formatting (color scales) into a range of data - such that the cells are highlighted from blue to red.

I think too late to ride the Indo fund... YTD is still above 15% (16.8% to be precised)... could be a long time to wait it to drop much further down.

Anyway, it is very volatile... dropped 3.09% yesterday.

(Got out of this fund in Feb... just before it shoot up another 10% or so in 2 months. Not too bad since it was not switched to a m/m fund, otherwise I will be like this , but into PIOF.)

==============

I think the strategy of having funds that you can have confidence and faith is working for me... when the market dips, I still have the confidence to hold them, no double guessing whether to switch out or not.

If you're still in the accumulation stage, I think the best advise was to ignore the market, and continue with regular purchase (DCA method). (Just make sure that the fund has a good record that you can have faith...)

Can any one explain to me. How to read the http://www.publicmutual.com.my/application...formancenw.aspx

If I check the actual value vs the graph. It will have different %.

Mean. From the public mutual website fund performance. It show 8%. But when I perform the manual calculation from the day invest in public this today. It only show 5.7% only.

Any idea?

It's very straightforward...
(Current Value - Amount Invested) / Amount Invested x 100%

Amount Invested is the actual amount you spend when purchasing the units... don't include the service charge and any switching fee.

AFAIK, the chart (and its data) is accurate, there could be insignificant differences in the 2nd decimal figure due to rounding in our calculations and/or rounding when they adjusted it after distributions.

Maybe you have included the switching fee into the 'amount invested'... thus getting a lower growth rate.

edit: correction in the formula.

This post has been edited by j.passing.by: Oct 4 2014, 11:35 AM

Hi, switching fee is too small to effect the %. Yes, my calculation same with your formular. It show lower % compare to the pb online.

switching fee or service charges CAN affect the %.
Switching fee itself may not be "too small - it all depends on how much U switched.
$25 per switch, if U switched $1165 worth of units, then yes, impact is there.


As j.passing.by shared - the performance shown on the charts are NAV to NAV, excluding service charges & switching fees
See the impact of service charge or switching fees in the pix attached above?

This post has been edited by wongmunkeong: Oct 5 2014, 09:21 AM

Yes, the switching fee can be significant enough when in low amounts. $25 out of 1k is 2.5%. In a short term of less than a year, any 'good' growth rate of say 8% will be reduced to 5.5%.

And that's the fixed RM25 if period holding the fund is more the 90 days; if less than 90 days, it can even be more costly in switching low amounts: a minimal of RM50 is charged.

Before anyone point out that there are fund companies with free and limitless switching policy, there's the good/bad side in imposing a switching fee.

1. It disciplines and encourages investors to hold their funds.

2. UT is a pool of funds. Investors who 'trades' would have unfair advantages over investors who don't 'trade'.
The later adds stability to the fund company operations, while the former adds to operational costs.

==============

Regarding the performance chart, it is among the better tools offered online; the worse online chart I've came across was that one that strictly charts the NAV price per unit; showing the sharp drops after every distributions... and it was on a fund company official website, was and still am in doubts whether to invest with them. Long term, no... short term, maybe and more likely to use it to 'trade'.

I heard one friend said his agent don't allow him to SELL ALL of his units..

I m asking, can we SELL OFF everything Public Mutual ?

WHEN is Public mutual charge the management fee? I m thinking to sell off mine b4 it charge management fee?

Your friend's agent is his mistress or wife?
Dont allow to sell off all units? rich joke.
Can a bank teller or even a bank "dont allow to take out all YOUR money?"

Answer: Yes U can sell off everything PM

When PM charge mgt fees?
Daily - into the NAV
No way U can escape from mgt fees.
Good try but they've an army of paid brains...
eh U the same chap on the Hong Leong Income Builder?
Stop trying to outsmart these folks lar - try to understand what the heck U are getting into in the first place.
"Dont buy a tractor when U need a car".

First he felt cheated by the HLA agent.

Now, he felt cheated by the PM agent.

And he said that he can invest in a better way.

Of course he can, once he starts INVESTIGATING, ANALYZING & UNDERSTANDING
BEFORE parting with his $,
NOT the other way around

+100

btw, that person is a "she"...try dig her previous posts and threads

don't mean to be sexist but...typical irrational women - "I want it my way and I don't care about the rules!!!"

Public Mutual launches PB Global Equity fund
http://www.thestar.com.my/Business/Busines...AL-EQUITY-FUND/

I want it my way too...
BUT know the rules AND use them to my advantage

It's a PB series fund.

Similar to PGSF (Public Global Select Fund)?

"The initial issue price of PBGEF is 25 sen per unit during the 21-day initial offer period of Oct 7-27"

worth to buy? how much is per unit for normal price?

sorry ah, newbie in mutual funds here.

I see..

based on the news report, the fund would invest into global markets such as US, Europe and the Asia Pacific

Extracted from its Product Highlights Sheet:
Investment strategy
The fund seeks to achieve its goal of capital growth by investing in blue chip stocks, index stocks and growth stocks listed on selected global stock markets.

The fund may also invest in collective investment schemes which focus on a diversified portfolio of blue chip stocks, index stocks and growth stocks listed on selected global markets. The fund’s equity exposure will range between 75% to 98% against its net asset value (NAV).

The balance of the fund’s NAV will be invested in fixed income securities and liquid assets which include money market instruments and deposits.


Extracted from its Prospectus:
The benchmarks of the Fund and their respective percentages are as follows:
• 50% Dow Jones Industrial Average;
• 20% STOXX Europe 50 Index;
• 10% TOPIX Core 30 Index;
• 10% customised index by MSCI based on the Top 30 constituents of MSCI AC Far-East Ex-Japan Index*;
• 10% 3-Month Kuala Lumpur Interbank Offered Rate (KLIBOR).

... The component stocks of Dow Jones Industrial Average, STOXX Europe 50 Index and TOPIX comprise major stocks from their respective markets.

The component stocks of the customised index based on the Top 30 constituents of MSCI AC Far-East Ex-Japan Index comprise major stocks from key regional markets including China, Hong Kong, Indonesia, South Korea, Malaysia, Philippines, Singapore, Taiwan and Thailand. The ratio stated in the composite benchmark index is representative of the Fund’s investments in global markets over the medium to long-term.

* As indices which focus on Asia Pacific markets have a relatively high index weight for Japanese and Australia stocks, an index which excludes the Japan and Australia markets is used as the Fund’s equity benchmark as it is more representative of the Fund’s investment strategy.