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 Public Mutual v4, Public/PB series funds

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Kaka23
post Jan 7 2013, 09:07 PM

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QUOTE(birdman13200 @ Jan 7 2013, 10:01 PM)
Yes, both initial and additional investment is set to 100k. As I understand, it is change sometime ago and not from the begining. My friend have this fund but he can't add on anymore due to 100k constraint.
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wow... why they want to increase the limit until so high? This will get them less sales...
birdman13200
post Jan 7 2013, 09:12 PM

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QUOTE(Kaka23 @ Jan 7 2013, 09:07 PM)
wow... why they want to increase the limit until so high? This will get them less sales...
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I don't know actual reason, but my friend told the fund performance become very good after that. It seen like they want to lock the low activity that affect the fund performance. Logic? I am not sure.
1282009
post Jan 7 2013, 09:46 PM

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Hi all, am new in this unit trust investment started around year 2009.
Just couple days back switched PIX to PSBF to gain some profits for the first time even though dividend is expected to be paid end of this month for PIX. Is it a wise decision? Normally price will drop sharply after dividend is paid out.
Is it right time to go in for PSF?


j.passing.by
post Jan 8 2013, 09:02 AM

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QUOTE(azilazwa @ Jan 7 2013, 01:09 PM)
Switch all --> u mean switch all my profit so far right? like in my example, the 500.

OK, will read previous pages about this switching.

Right now i only have 1 fund. Seems like i have to open a new one asap. Should choose a bond fund after this.
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While it is prudent to take some money off the table when the market is high, it has to be cost effective since there are transaction costs such as switching fee. 3 things need to be aware of: the minimal fee, the minimum number of units allowed to switch, and whether the fund is more or less than 90 days since its purchase.

The minimum acceptable number of units to switch is 1000 units.
If the unit price is about rm0.30, then rm500 translate to about 1666.67 units.
If the unit price is about rm1.00, then rm500 or about 500 units is not enough to switch.

The unit price in a bond or money market fund is normally around rm1.00. So you may not be able to switch it back out after switching in.... smile.gif

Within 90 days of purchase, the minimal switching fee out of equity/bond fund is RM50.

Within 90 days, switching out of the following funds:
a) equity funds 0.75% or minimal RM50
b) bond funds 0.25% or minimal RM50
c) money market funds RM25.

After 90 days, switching out and into the following funds:
a) equity funds RM25
b) bond funds RM25
c) money market funds RM0.

At the present, there are a couple of bond funds that are performing worse than the money market fund... money market fund has lower returns than fixed deposits in a bank...

Switching into money market fund is like free money to Public Mutual... while the switch in cost is zero, switch out cost is RM25... which I think it is a bit excessive after giving PM "free" money. smile.gif


QUOTE(1282009 @ Jan 7 2013, 09:46 PM)
Hi all, am new in this unit trust investment started around year 2009.
Just couple days back switched PIX to PSBF to gain some profits for the first time even though dividend is expected to be paid end of this month for PIX. Is it a wise decision? Normally price will drop sharply after dividend is paid out.
Is it right time to go in for PSF?
*
This distribution 'profit' has been well discussed a few months ago... smile.gif

The daily unit price or NAV price is a fluctuating price; unlike a fixed price fund like ASB.

NET as in Net Asset Value (NAV) means that all the operational costs, management fees, etc. has been taken into account when calculating the unit price every working day.

So it does not matter whether you purchase or sell after or before the financial year-end... if there is a distribution, no doubt the price will drop, but there is extra distributed units to even out the fall in price... the total value (number of units x unit price) is the same.


1282009
post Jan 8 2013, 07:11 PM

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QUOTE(j.passing.by @ Jan 8 2013, 09:02 AM)
While it is prudent to take some money off the table when the market is high, it has to be cost effective since there are transaction costs such as switching fee. 3 things need to be aware of: the minimal fee, the minimum number of units allowed to switch, and whether the fund is more or less than 90 days since its purchase.

The minimum acceptable number of units to switch is 1000 units.
If the unit price is about rm0.30, then rm500 translate to about 1666.67 units.
If the unit price is about rm1.00, then rm500 or about 500 units is not enough to switch.

The unit price in a bond or money market fund is normally around rm1.00. So you may not be able to switch it back out after switching in....  smile.gif

Within 90 days of purchase, the minimal switching fee out of equity/bond fund is RM50.

Within 90 days, switching out of the following funds:
a) equity funds 0.75% or minimal RM50
b) bond funds 0.25% or minimal RM50
c) money market funds RM25.

After 90 days, switching out and into the following funds:
a) equity funds RM25
b) bond funds RM25
c) money market funds RM0.

At the present, there are a couple of bond funds that are performing worse than the money market fund... money market fund has lower returns than fixed deposits in a bank...

Switching into money market fund is like free money to Public Mutual... while the switch in cost is zero, switch out cost is RM25... which I think it is a bit excessive after giving PM "free" money.  smile.gif
This distribution 'profit' has been well discussed a few months ago...  smile.gif

The daily unit price or NAV price is a fluctuating price; unlike a fixed price fund like ASB.

NET as in Net Asset Value (NAV) means that all the operational costs, management fees, etc. has been taken into account when calculating the unit price every working day.

So it does not matter whether you purchase or sell after or before the financial year-end... if there is a distribution, no doubt the price will drop, but there is extra distributed units to even out the fall in price... the total value (number of units x unit price) is the same.
*
Thanks for the reply. Is the RM25 switching out (after 90 days) is charged regardless of the number of units to be switched?


aoisky
post Jan 8 2013, 09:56 PM

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Public Far-East Property & Resorts Fund hit 0.3004 the highest since the fund being available in market almost 5 year plus. Any idea what trigger this fund price up

This post has been edited by aoisky: Jan 8 2013, 09:56 PM
wongmunkeong
post Jan 8 2013, 10:24 PM

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QUOTE(aoisky @ Jan 8 2013, 09:56 PM)
Public Far-East Property & Resorts Fund hit 0.3004 the highest since the fund being available in market almost 5 year plus. Any idea what trigger this fund price up
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It's been running up since 2009 lar bro. Was a DOG before that (2007 or before, 2008 tak kira lar all dogs tongue.gif)
People moving into REITs due to lousy FD interest rates these few years spiked it too

I rode PFEPRF until i switched over to FSM's AmAsiaPac REITs recently - made 8%pa to 28%+pa compounded (several entries 2009, 2010, 2011, 2012). In simple calculated % profit, my 2009 purchases made >100% net profits. No biggie generally as an investment for stuff bought end 2008/early 2009 but as a mutual fund, good ride laugh.gif

BEWARE - IMHO, the REITs pricing VS NAPS (Net Asset Per Share) or NAV & DY% is getting bad - ie. paying more for something less (DY% or discount on NAPS/NAV). Personally, i'm going after general BRICs - still ada value below norm in my personal valuation.

This post has been edited by wongmunkeong: Jan 8 2013, 10:48 PM
j.passing.by
post Jan 9 2013, 11:48 AM

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QUOTE(1282009 @ Jan 8 2013, 07:11 PM)
Thanks for the reply. Is the RM25 switching out (after 90 days) is charged regardless of the number of units to be switched?
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Yes, it is a flat RM25; if it is out (of any funds) and into a bond/equity fund.
Cost for 1000 units or 100,000 units is the same.

And if switching 100,000 units - most likely it is free as the investor would likely to have more than RM100k invested (I believed it has increased to 120k recently), and would have 18 free switches a year.

QUOTE(aoisky @ Jan 8 2013, 09:56 PM)
Public Far-East Property & Resorts Fund hit 0.3004 the highest since the fund being available in market almost 5 year plus. Any idea what trigger this fund price up
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Its price jump 1.04% from Friday to Monday.
Monday was 1st day back to work for many people...

QUOTE(wongmunkeong @ Jan 8 2013, 10:24 PM)
......

BEWARE - IMHO, the REITs pricing VS NAPS (Net Asset Per Share) or NAV & DY% is getting bad - ie. paying more for something less (DY% or discount on NAPS/NAV). Personally, i'm going after general BRICs - still ada value below norm in my personal valuation.
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Wong Sifu, thanks for the advice. Switched in early last month... up nearly 5%, with help from monday's jump... dropped back 0.27% today (Tuesday's price)... intending to go heavy back into equity this year.

Portfolio was 60% bonds, 40% equities... planning to switch slowly by mid of the year to 20% : 80%... with 40-50% in real estate/property fund (currently about 30%).

Hope the snake will bring more luck this year. LOL. smile.gif


This post has been edited by j.passing.by: Jan 9 2013, 11:51 AM
Kaka23
post Jan 9 2013, 02:28 PM

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I plan to do 60% bond, 40% equity (current 70% bond, 30% equity)..

Or should go 40-60, since everywhere predict this year equity will outperform bond...
1282009
post Jan 9 2013, 07:43 PM

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QUOTE(j.passing.by @ Jan 9 2013, 11:48 AM)
Yes, it is a flat RM25; if it is out (of any funds) and into a bond/equity fund.
Cost for 1000 units or 100,000 units is the same.

And if switching 100,000 units - most likely it is free as the investor would likely to have more than RM100k invested (I believed it has increased to 120k recently), and would have 18 free switches a year.
Its price jump 1.04% from Friday to Monday.
Monday was 1st day back to work for many people...
Wong Sifu, thanks for the advice. Switched in early last month... up nearly 5%, with help from monday's jump... dropped back 0.27% today (Tuesday's price)... intending to go heavy back into equity this year.

Portfolio was 60% bonds, 40% equities... planning to switch slowly by mid of the year to 20% : 80%... with 40-50% in real estate/property fund (currently about 30%).

Hope the snake will bring more luck this year. LOL.  smile.gif
*
Thanks for your great info.


moiskyrie
post Jan 9 2013, 08:05 PM

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want to ask,
the minimum amount that need to be in account must more that 1k or can less?
cos i read from somewhere state that if the account value lower that 1k, the account will be close..
birdman13200
post Jan 9 2013, 08:21 PM

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QUOTE(moiskyrie @ Jan 9 2013, 08:05 PM)
want to ask,
the minimum amount that need to be in account must more that 1k or can less?
cos i read from somewhere state that if the account value lower that 1k, the account will be close..
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Normally minimum investment is RM1k. and u need to maintain minimum 1k unit before the account to be closed.

This post has been edited by birdman13200: Jan 9 2013, 08:22 PM
j.passing.by
post Jan 9 2013, 08:35 PM

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QUOTE(Kaka23 @ Jan 9 2013, 02:28 PM)
I plan to do 60% bond, 40% equity (current 70% bond, 30% equity)..

Or should go 40-60, since everywhere predict this year equity will outperform bond...
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Have to be careful not to mix-up equity and bonds as mentioned by stock analysts with unit trust funds in equities and bonds...

The top bond funds are closed for fresh investments; and last year, something like 99.9% of their equity funds (in Public Mutual) outperform their bond funds. Average gain in equity funds for the year was about 11%; it ranged from 4 to 20+ percent. So still want to leave money in bonds?

This year should be same or better... but then again, almost every "professionals" got 2012 wrong.
http://www.bloomberg.com/news/2013-01-04/a...alls-wrong.html

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

I think I better caution other readers (especially those new to this forum) that the percentage weightings in my funds were not meant for comparison or taken as a guide or benchmark. It is just empty chit-chat and also to put into words my own thoughts to encourage myself to follow through... You and me might not be in the same age group, mostly possibly with different financial background, different financial assets, different financial debts, etc. etc.; so what I do is most likely not suitable to you and your financial health...


moiskyrie
post Jan 9 2013, 09:13 PM

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1k unit or rm 1k minimum?
thanks
Kaka23
post Jan 9 2013, 09:22 PM

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QUOTE(j.passing.by @ Jan 9 2013, 09:35 PM)
Have to be careful not to mix-up equity and bonds as mentioned by stock analysts with unit trust funds in equities and bonds...

The top bond funds are closed for fresh investments; and last year, something like 99.9% of their equity funds (in Public Mutual) outperform their bond funds. Average gain in equity funds for the year was about 11%; it ranged from 4 to 20+ percent. So still want to leave money in bonds?

This year should be same or better... but then again, almost every "professionals" got 2012 wrong.
http://www.bloomberg.com/news/2013-01-04/a...alls-wrong.html

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

I think I better caution other readers (especially those new to this forum) that the percentage weightings in my funds were not meant for comparison or taken as a guide or benchmark. It is just empty chit-chat and also to put into words my own thoughts to encourage myself to follow through... You and me might not be in the same age group, mostly possibly with different financial background, different financial assets, different financial debts, etc. etc.; so what I do is most likely not suitable to you and your financial health...
*
Yea.. I will take your comment as a guidance for me to be more financial savvy.. tongue.gif
Kaka23
post Jan 9 2013, 09:42 PM

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It is time for me to take my bonds earnings to go into equities...
Let's heavyweight on equities.. tongue.gif
birdman13200
post Jan 10 2013, 01:29 PM

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QUOTE(moiskyrie @ Jan 9 2013, 09:13 PM)
1k unit or rm 1k minimum?
thanks
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Initial purchase is min RM1k.
When u switching or repurchase, need to left min 1k unit.
One is buy and one is sell.
moiskyrie
post Jan 10 2013, 01:47 PM

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my account only have 1 fund,
after i repurchase, the total value of fund less that rm 1k,
will my account close down or ?
birdman13200
post Jan 10 2013, 03:35 PM

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QUOTE(moiskyrie @ Jan 10 2013, 01:47 PM)
my account only have 1 fund,
after i repurchase, the total value of fund less that rm 1k,
will my account close down or ?
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After u repurchase, u need keep min 1000 unit, not money value.
But for ur account with PM, I am not sure will closed or not. Normally people hv few fund, only the fund account will closed down.
jtcs87
post Jan 10 2013, 10:28 PM

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PUBLIC REGIONAL SECTOR FUND (PRSEC)
PUBLIC FAR-EAST SELECT FUND (PFES)

I was plan to go for these two product for my initial start up on PM. Any advice?

This post has been edited by jtcs87: Jan 10 2013, 10:30 PM

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