Xuzen, any inputs regarding to these funds?

Public Far-east Select Fund
Public Far-east property and Resort fund
Public Indonesia Select fund

Public focus select fund
Public regular saving fund

All these funds under one same manager Tan Yan Heong.

hi Xuzen,

  What And How your criteria to test ? mind to share  , want to try out some fund.

Hi people.. I need some help..I bought a fund from an agent..But her service is terribly bad..How to sell the fund I bought without her knowing it? Thanks a lot!

Xuzen.. what is PM view in Malaysia market? Will go up further?

stop stomping on those fellows that went 80% fixed income on 2011 will ya
They be hurt enough as is

Hi, if i were to compare these 4 (PISEF, PIDF, PDSF, PFSF), which would be recommended?

I switched into 3 of them earlier this month and last week.
PISEF was positive till yesterday.
PFSF dipped the most, nearly 5% loss.
PIDF dropped nearly 2%.

P.S. It is not an indicative of their past performance, only to show the loses due to time of entry. Guess the 2-3% difference will be immaterial in the final outcome when they all climb (or drop) 10 to 20%. 
Select the quotes, before clicking "More Options" in the reply section.

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

Hi all pm sifus..recently i took a fund using my epf. The fund name is public saving fund, may i know this fund izzit stable? As i dont want a high risk fund. As mentioned by the agent it is a balanced risk fund but just wanted to confirm again..worried buying a wrong fund.

Why bad?

Don't shut ur door just yet. why not listen what offer PM can offer u and share with us here.

Below is an article of interest... was mentioned in another thread...
"The ultimate buy-and-hold strategy"
http://www.marketwatch.com/story/the-ultim...17?pagenumber=5

It is about how an ideal, the Ultimate, portfolio would looks like. It is 40% in bonds/money market, and the remainder 60% is equally divided into REITS, local and international equities.

The comments at the end of the article are also of interest, particularly the comments on 're-balancing' on an annual basis, and the starting period of any portfolio.

Below is its equivalent with selected Public Mutual funds. 
Bonds/Money Market - 40%
REITS - 12%
Local Equities - 24%
Asia Pacific Equities - 24%

(Me, a copycat, unimaginative UT punter. So please don't take the selections as gospel! Take the idea and maybe fine-tune it to your taste. )

Category/Benchmark and its selected Fund
Bonds MYR - Islamic Public Sukuk Fund 10%
Bonds MYR - Islamic PB Sukuk Fund 10%
Bonds MYR - Islamic Public Islamic Infrastructure Bond Fund  10%
Money Market - Islamic Public Islamic Money Market Fund 10%
 
S&P Customised Index 60%; KLIBOR 40% PB Asia Real Estate Income Fund 6%
S&P Customised Index 100% Public Far-East Property & Resorts Fund 6%

FTSE Bursa Malaysia KLCI Public Industry Fund 6%
FTSE Bursa Malaysia Mid 70 Index Public Select Focus Fund 6%
FTSE Bursa Malaysia Small Cap Shariah Index Public Islamic Opportunities Fund 6%
FTSE Bursa Malaysia EMAS Shariah Index Public Ittikal Sequel Fund 6%

Equity Asia Pacific - Non Islamic Public Far-East Telco & Infrastructure Fund 6%
Equity Asia Pacific Ex-Japan - Islamic Public Islamic Asia Dividend Fund 6%
FTSE/Asean 40 Index Public South-East Asia Select Fund 6%
Equity Global - MXWD 90%, KLIBOR 10% Public Global Select Fund 6%

-----------------------------------
Their gains in Year 2012: Benchmarks & Funds
Public Sukuk Fund 3.29% 3.94%
PB Sukuk Fund 3.29% 4.20%
Public Islamic Infrastructure Bond Fund  3.29% 2.75%
Public Islamic Money Market Fund 3.07% 2.94%
PB Asia Real Estate Income Fund 17.92% 18.60%
Public Far-East Property & Resorts Fund 28.69% 27.19%
Public Industry Fund 11.59% 11.84%
Public Select Focus Fund 5.85% 16.65%
Public Islamic Opportunities Fund 12.43% 16.72%
Public Ittikal Sequel Fund 12.43% 12.74%
Public Far-East Telco & Infrastructure Fund 12.79% 6.07%
Public Islamic Asia Dividend Fund 12.46% 14.54%
Public South-East Asia Select Fund 11.83% 16.42%
Public Global Select Fund 7.73% 10.55%

Their respective gains weighted to the portfolio:

Public Sukuk Fund 0.33% 0.39%
PB Sukuk Fund 0.33% 0.42%
Public Islamic Infrastructure Bond Fund  0.33% 0.28%
Public Islamic Money Market Fund 0.31% 0.29%
PB Asia Real Estate Income Fund 1.08% 1.12%
Public Far-East Property & Resorts Fund 1.72% 1.63%
Public Industry Fund 0.70% 0.71%
Public Select Focus Fund 0.35% 1.00%
Public Islamic Opportunities Fund 0.75% 1.00%
Public Ittikal Sequel Fund 0.75% 0.76%
Public Far-East Telco & Infrastructure Fund 0.77% 0.36%
Public Islamic Asia Dividend Fund 0.75% 0.87%
Public South-East Asia Select Fund 0.71% 0.99%
Public Global Select Fund 0.46% 0.63%
TOTAL 9.32% 10.46%

The equivalent ULTIMATE Buy-and-Hold Portfolio returns 10.46% for year 2012.

-----------------------------------------------------
Their respective weighted gains, benchmark & fund, in the first half of this year, Jan-June 2013.

Public Sukuk Fund 0.15% 0.22%
PB Sukuk Fund 0.15% 0.21%
Public Islamic Infrastructure Bond Fund  0.15% 0.35%
Public Islamic Money Market Fund 0.15% 0.14%
PB Asia Real Estate Income Fund 0.25% 0.45%
Public Far-East Property & Resorts Fund 0.34% 0.72%
Public Industry Fund 0.30% 0.36%
Public Select Focus Fund 0.86% 0.45%
Public Islamic Opportunities Fund 1.19% 1.15%
Public Ittikal Sequel Fund 0.40% 0.50%
Public Far-East Telco & Infrastructure Fund 0.10% 0.44%
Public Islamic Asia Dividend Fund 0.01% -0.06%
Public South-East Asia Select Fund 0.24% 0.41%
Public Global Select Fund 0.49% 0.66%
TOTAL 4.76% 5.99%

5.99% for the first 6 months... not bad...

Cheers. 

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. 

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?

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?

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

Hi Xuzen,

May i know how to read the Sharpe-ratio??

Guys, do u think now is a good time to enter bond / fund ?

I don't get why bond funds are at risk, especially in Public Mutual funds as they are conservative and their returns are low, and most of them slightly higher than fixed deposits. With the recent dip, some of them are lower than FD. It makes no difference to me if they are giving 4.4% or 2.2%.

The basic of bonds is that they are government or corporate IOUs.

They would be worthless if the government or corporation goes broke and tutup kedai and can't redeem the bonds on the due date. Before the due date, the bonds are traded with a premium or discount. If the concern government or corporation is not going broke, I don't see (and understand) how the bonds would be traded with such a steep discount that it is lower than its face value upon due date.

As I'm currently aiming for a buy-and-hold portfolio, the bond/money market segment is to re-balance the portfolio... can't exactly run away from bonds unless I want to restructure the bond/equity ratio and change the desired risk ratio.

And if bonds are going to crash due to all the gulung tikar, then cash is king, and should stay out of equities too.

since PISEF was closed for investment.. any suggestion for other fund?

i have owned PISEF, PFEPRF and PIDF  for cash,
as for EPF, I owned PIOGF and PIEF..