You got it right - my mistake as the RM25 fee is for 'transfer' (to another person), not switching fee. And I'd posted before about no switching fee when switching from low-load units to loaded units... getting older and more forgetful.

Yes, switching will have an immediate effect, while redeeming and then purchasing another fund will delay the purchase by 1 or 2 days.

Since we cannot switch from other funds into these new Cash Deposits funds, I think Public Mutual is trying to promote and make full use of its online system for fresh investments.


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

I don't think I'm alone in not putting in anymore fresh investments when there are cheaper alternate avenues.

If they are to remain competitive, the service charge has to be lowered.

Maybe they could do it in a series of minor policy changes... like adding the distribution of the Public Series funds to Public Bank, and follow up with allowing the switching of units between Public funds and PB funds, allowing a new investor to open account online or with minimal help at Public Bank (and Public Mutual branches), and eventually lower the fees online.


This post has been edited by j.passing.by: Aug 26 2014, 02:18 PM

china funds starting to shoot up...

3/9/2014 gains:
PCSF 1.80%
PCTF 1.69%
PFEDF 1.70%
PBCPEF 2.14%

takeoff started since the 2nd qtr...

but all are still way below par value except PUBLIC CHINA TITANS FUND.

Thank you, thank you, thank you. This makes my decision to top-up so much easier.

I have had started into this fund this year; and the annualized returns of these purchases ranged from 8% to 14%. The XIRR is 13%.

My latest switch into the small cap funds was in early July, the drop last month set back the funds several weeks but still above the early July level.

(Yes, birdman, finally decided to incorporate XIRR into the worksheet... have the data someplace offscreen so that it won't disrupt and change the view of the 'main page'.)

Thanks for the informative link.

Am still staying off China funds...

Am assuming you already knew of service charges... otherwise do a bit more of reading some previous posts.

1. I would not mix up or overlap funds that can be bought by cash and from EPF. Different service charges, 3% and 5.5% respectively. I would try to get more bang for the cash purchases in more volatile funds like those small cap funds that are not EPF-approved funds.

2. Easier to time the cash purchases than using EPF... since you can do the cash purchases online, while with EPF, you need to hand in some forms manually in person, and/or making appointments with the agent or taking time to go to a branch office.

3. PITSEQ (PUBLIC ITTIKAL SEQUEL FUND). Why this fund when the Ittikal fund is available to EPF purchase? PITTIKAL has a longer and better track record, and also comes with free PA insurance if above RM5000.

4. Click the "Show posts by this member only" on the upper right if you want to read some of my previous posts. Hope some of them would be helpful.

Cheers.

Why? Still can reply and post... post la.

PIOF still open...

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

Watch the Aussie fund... index at its 200-day moving average... down more than 7% since 4th Sept... dropped anchor a day too early, now it's underwater.

Will buy more if it drop another 5% or so...

Did a ton of switching since JAN, in small amounts... portfolio about to achieve 30/24/23/23% (mm/foreign/local epf/small caps)...

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.

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...)

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

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'.

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.

New Public Mutual equity funds are usually priced at 0.25 and their bond funds at 1.00.

Your questions is akin to "What is Unit Trust" and What are the basic fundamentals of a Mutual Fund".

Short answer is no if you don't understand what is a unit trust fund.

This thread is more than 2 years old with a thousand plus posts... some are informative and worth the time to read.

Anyway, welcome to the forum...

If you add it to other funds, you can determine your own desire ratio and percentage of it compare to the other funds, by having a smaller percentage of it if you think its ratio in DJIA is too high.

Since I'm not interested in China/Hong Kong markets too much, I think it is more or less in the right ratio for a non-local fund; and that China, Hong Kong, Indonesia, South Korea, Malaysia, Philippines, Singapore, Taiwan and Thailand altogether comprised 10%.

You're welcome... would gladly offer any assistance if I could.

Make use of the 'search' key on the lower left, and 'show posts of this member only' on the upper right.

As a comparison of the new PB fund to Public Global Select Fund:

Selected Performance Benchmark for PGSF
The benchmarks of the fund and their respective percentages are as follows:
• 90% MSCI All Country World Index (MSCI ACWI), and
• 10% 1-Month Kuala Lumpur Interbank Offered Rate (KLIBOR)

From wiki:
The MSCI World is a stock market index of 1,612[1] 'world' stocks. It is maintained by MSCI Inc., formerly Morgan Stanley Capital International, and is often used as a common benchmark for 'world' or 'global' stock funds.

The index includes a collection of stocks of all the developed markets in the world, as defined by MSCI. The index includes securities from 23 countries but excludes stocks from emerging and frontier economies making it less worldwide than the name suggests. A related index, the MSCI All Country World Index (ACWI), incorporated both developed and emerging countries. MSCI also produces a Frontier Markets index, including another 31 markets.

From Investopia:
As of January 2009, this index contains stocks from 46 different countries. There are 23 countires classified as developed markets and 23 countries considered emerging markets. Typically the index is built first at the country level, and then the 46 indexes are aggregated into the MSCI All Country World Index.


This post has been edited by j.passing.by: Oct 7 2014, 09:21 PM

2 weeks?!!!

Is there a change in policy or something? It should take not more than 1 hour (okay maybe just over an hour if you want to read all the fine print in the forms), then hand over the counter to the branch staff... so not more than 2 hours. Or maybe you are staying in a very ulu place, and the agent needs to take a weekly boat out to town.

I think it was already done not more than a few days after you handed the cheque... PM is usually efficient and you would have received the statement in about 7 days. But if you handed CASH.... I would be worried too.

Anyway, try to register to PMO (Public Mutual Online) without waiting further for any aid from the agent; you can do it via a Public Bank atm. (Please make sure the bank has your correct mobile number beforehand.) You can do all transactions (except EPF withdrawal) online and view all the transactions done.

edit: "I have a public bank online account..." you can register PMO online too.

This post has been edited by j.passing.by: Oct 8 2014, 10:47 AM

Good deal as in ???

Good time to buy? Obviously no, since always use DCA method as you earned... invest monthly with savings from your salary. (If you're doing lump sum, you already know the risk... nothing much more I can say since you knew something which I don't know.)

Good fund? Obviously no, since it has no track record to judge its past performance. Past performance meaning how the fund manager handled the fund.

Good and low NAV price? Obviously no, since this is unit trust, not gold. You buy 1k or 10k, you get 1k or 10k worth of units. If nav price is 0.10 or 0.50, you still get 1k or 10k worth of units. If the fund grows 8%, you still get 8% growth regardless whether the initial price is 0.10 or 0.50.

Good fund to complement and diversify current portfolio of funds? Maybe.

Same 5.5% No special discount... the most generous promotion I heard of is during launching of new equity funds when the service charge was lowered to 5.0% or was it 5.25%? Yeah, can't remembered... and the current new fund being launched, no mention of any discount during its launching period.

Are you talking about the new equity fund?

During launching period of any new fund, the nav price of the fund is unchanged at 0.25; after that it is valued at the end of each business day and 'forward pricing' will comes into effect.

- No discount on service charge: okay and good... no more misrepresentations by any sales agent.

- Initial price of 0.25 as stated on its website: As explained above and in previous post... so don't misunderstand and construed it as 'promotion' price, and that is a 'good deal' to buy during 'promotion' for its 'promotion price'.

Not stated in PM website... but cannot confirm, as some info not stated in its website too.

Like the closing of PIOF... no notice, no email, nothing - and I have PIOF, and they have my email address. Bad, lousy service... I don't need emails on market updates... I need important notifications!

So many thanks to those who informed here on the impending closing of PIOF. Got a chance to increase the fund last month - even though the small cap index took a dive yesterday!

Yeah, another bad service. It seems like a regular problem - the counter staff not in good terms with the sales agents; and not informing the sales agents when there are incomplete documents. I think they are hiding behind a standard policy that the agents have to call & check.

If I'm correct and that there is such a policy, it is idiotic... the customer is the agent's customer, and not a customer of the company?

Yeah, if you got the email either because you are an agent (UTC) or from your agent, then it confirmed my suspicion that Public Mutual do not regard us investors as their customers, but their agents' customers. Very bad service...

And the question still remains, why did they not post this notice on their website. It has a very specific section for news, events, and announcements...

( just pretending to be angry.)

Cheers.