My interpretation of Malaysian focus fund is 100% Malaysia shares based.
Public Mutual v4, Public/PB series funds
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 Jan 30 2013, 12:31 AM
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Senior Member
4,458 posts Joined: Nov 2008 From: Kuala Lumpur  
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Jan 30 2013, 12:58 AM
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Senior Member
2,932 posts Joined: Sep 2007
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QUOTE(debbieyss @ Jan 30 2013, 12:31 AM) My interpretation of Malaysian focus fund is 100% Malaysia shares based. Your interpretation is too restrictive. "Focus" in general just means the majority of their investments are in a particular area. The word focus just means "The center of interest or activity" (from Google). It does not have to mean 100%. Technically speaking, no funds are ever 100% shares anyway. They need to hold a certain percentage in liquid assets in various forms, including possibly from foreign sources. |
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Jan 30 2013, 01:16 AM
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Senior Member
4,458 posts Joined: Nov 2008 From: Kuala Lumpur
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QUOTE(howszat @ Jan 30 2013, 12:58 AM) Your interpretation is too restrictive. "Focus" in general just means the majority of their investments are in a particular area. The word focus just means "The center of interest or activity" (from Google). It does not have to mean 100%. Technically speaking, no funds are ever 100% shares anyway. They need to hold a certain percentage in liquid assets in various forms, including possibly from foreign sources.  Ok. thanks for educating me. All public mutual funds have Malaysian stocks anyway. I'm tired. This post has been edited by debbieyss: Jan 30 2013, 01:17 AM |
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Jan 30 2013, 02:22 AM
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All Stars
52,874 posts Joined: Jan 2003
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Jan 30 2013, 11:17 AM
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Junior Member
16 posts Joined: Jan 2013
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i started in fund investment when i invested PIEF rm6000 through epf on jun 2009,now already worth rm9700..that 62% increasing..very good return for me.
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Jan 30 2013, 11:57 AM
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Senior Member
8,259 posts Joined: Sep 2009
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QUOTE(Agisman @ Jan 30 2013, 12:17 PM) i started in fund investment when i invested PIEF rm6000 through epf on jun 2009,now already worth rm9700..that 62% increasing..very good return for me. Very nice, you got in at the right timing.. |
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Jan 30 2013, 03:10 PM
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All Stars
52,874 posts Joined: Jan 2003
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An impressive annualized return of roughly 17.7%
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Jan 30 2013, 04:12 PM
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Senior Member
2,980 posts Joined: Jan 2007 From: Mount Chiliad  
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Good return considering 2009 event.
Most of the fund will perform. |
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Jan 30 2013, 05:24 PM
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Senior Member
1,639 posts Joined: Nov 2010
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Wong Sifu and other sifus as well,
Anyone done "transfer" to another party? If I'm having units (and especially if the fund is closed), it would be a waste to just sell/repurchase them back to PM. "A unitholder may fully or partially transfer his units in the fund to another unitholder subject to terms and conditions. An administration fee of RM25 will be charged for each transaction." - Is the above administration fee the only fee to pay? - Is there any club/forum doing transfer or private trading of units? Maybe PM me if necessary... Please note I'm not selling or soliciting... just curious to know. |
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Jan 30 2013, 07:17 PM
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Senior Member
605 posts Joined: Nov 2012
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QUOTE(debbieyss @ Jan 29 2013, 11:18 PM) I invested in PSF, PGF and Small Cap. Did u stop DDI for Smallcap as well? It is not open for investment now, once u stop, no chance to resume later until it reopen for investment.I don't invest in Malaysia focus funds because malaysia's ecnomy is not reliable.  |
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Feb 1 2013, 10:07 AM
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Junior Member
270 posts Joined: Jan 2012
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For the first time I sold one of my PM funds online on Wednesday, I saw it was still floating on Thursday. This morning I saw it was no longer in the floating page, neither is it seen in my savings accoung (PB). Is it because today's a public holiday?
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Feb 1 2013, 06:29 PM
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Senior Member
605 posts Joined: Nov 2012
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QUOTE(Malformed @ Feb 1 2013, 10:07 AM) For the first time I sold one of my PM funds online on Wednesday, I saw it was still floating on Thursday. This morning I saw it was no longer in the floating page, neither is it seen in my savings accoung (PB). Is it because today's a public holiday? It should be. My recent experience, sold on 4 dec night, they bank in by 6 dec. It is for bond fund, if equity may need 1 days more, as ur selling NAV only can be know on the next day. |
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Feb 2 2013, 12:23 PM
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Senior Member
1,639 posts Joined: Nov 2010
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Is the nav price a good indication of performance?
I'm no financial guru, but it seemed that it does have some merits and a quick way in narrowing down the long list of Public/PB funds to invest. See below, the latest price list as at 30/01/2013. The rightmost figure is their percentage over a (presumed) debut price of RM0.25. » Click to show Spoiler - click again to hide... « - PB Dynamic Allocation is not in the list as its debut nav price is RM1.00. - those funds over rm0.50; they are over ten years old; local funds...steady growth over the years... maybe not performing well currently... - those funds under rm0.20; better watch out even though they are on a steep rise currently; looks like they have not rebounded up with the benchmark since current share markets are at record high levels. When a nav price had fellen 50%, it will need to rise 100% to reach back its original level. Walking down is easier than walking up... - those just below 0.25 to 0.40; this is the interesting segment to look into... it is a big segment, but it can be segregated down into local, foreign, public and/or pb funds... And below is the top 10 horses for Jan...; fastest horse at the top. Public Far-East Property & Resorts Fund Public Indonesia Select Fund Public Australia Equity Fund Public Far-East Select Fund Public Regional Sector Fund Public South-East Asia Select Fund Public Natural Resources Equity Fund Public Global Select Fund Public Singapore Equity Fund Public Far-East Telco & Infrastructure Fund Top 5 PB horses for Jan... PB China Australia Equity Fund PB China Asean Equity Fund PB Asean Dividend Fund PB Asia Real Estate Income Fund PB Indonesia Balanced Fund PB China Pacific Equity Fund Public SEA Select and PB Asean appeared not affected by the sharp drop in the local market on 21st with many of the local funds dropped 2% or more. And all of them, except Smallcap, Islamic Opportunities, and Strategic Smallcap, is in the negative for the month. Now, which fund to select and hold for the next 3 months?  |
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Feb 2 2013, 12:31 PM
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All Stars
52,874 posts Joined: Jan 2003
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Public Bank’s wholly-owned subsidiary, Public Mutual, declared distributions for four of its funds. The total gross distributions declared for the financial year ending 31 January 2013 are as follows:
Fund | Gross Distribution / Unit Public Index Fund | 5.00 sen per unit Public Islamic Optimal Growth Fund | 1.25 sen per unit Public Enhanced Bond Fund | 5.00 sen per unit Public Money Market Fund | 2.50 sen per unit URL: http://www.publicmutual.com.my/LinkClick.a...onw%3d&tabid=87 |
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Feb 2 2013, 12:36 PM
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Senior Member
12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia....
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QUOTE(j.passing.by @ Feb 2 2013, 12:23 PM) Is the nav price a good indication of performance? All very useless information. If you look at those info above and select UT to buy, you will lose a lot of money... I'm no financial guru, but it seemed that it does have some merits and a quick way in narrowing down the long list of Public/PB funds to invest. See below, the latest price list as at 30/01/2013. The rightmost figure is their percentage over a (presumed) debut price of RM0.25. - PB Dynamic Allocation is not in the list as its debut nav price is RM1.00. - those funds over rm0.50; they are over ten years old; local funds...steady growth over the years... maybe not performing well currently... - those funds under rm0.20; better watch out even though they are on a steep rise currently; looks like they have not rebounded up with the benchmark since current share markets are at record high levels. When a nav price had fellen 50%, it will need to rise 100% to reach back its original level. Walking down is easier than walking up... - those just below 0.25 to 0.40; this is the interesting segment to look into... it is a big segment, but it can be segregated down into local, foreign, public and/or pb funds...  Price of UT is not relevant, a RM 0.25 UT is not necessary 'cheaper' or 'better' performing to a RM 1 UT or RM 10 UT. Dividend of UT is also not relevant, left pocket out right pocket in and get taxed in between. Looking at percentage increase of NAV is also useless, how a UT perform is compared to benchmark (and NOT PM's skewed benchmark which does not included dividend just KLCI) never to NAV To find UT which is performing, check the 1 year, 3 year, 5 year and 10 year performance over REAL benchmark. Find comparison and ranking at morning star and lipper score. AVOID all marketing talk on 'hot' sector/stock/flavour of the day and develop your own diversified portfolio weighting and rebalanced. A cheaper sales charge UT will give you and edge to breakeven as you lose 'less' when purchasing.  This post has been edited by gark: Feb 2 2013, 12:37 PM |
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Feb 2 2013, 02:07 PM
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Senior Member
1,639 posts Joined: Nov 2010
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gark, good counter arguments there... but any better way to narrow down the field before probing further into each of them?
For reasons only known to myself, am already in the stable and sticking to it (based on silly notion of "too big to fail..." LOL)... so the next best move is selecting the top horses in the stable... looking some quick small gains for a small portion of the portfolio for the short term; but it must withstand a riding period of 3 months to avoid the 90 days penalty fee if change horses in mid stream. Yeah, some funds have specially created benchmarks and are skewed... but if they can't even beat their own benchmarks, I don't think I need to consider them further. =================== Another story (or tall tail, you decide...) Had previously held Public SEA and PB Asean; and watching them closely for the past several months, thinking they were closely linked to the local market; so the 21st event proved I was wrong, and see the need to have some units in them again, so I switched some units into SEA Select and poor heart skipped a beat when it closed 1.09% up... thank goodness it did not go down the next day but up another 0.84%. Now, praying no bad news will foul things up for the next 90 days (LOL)... I don't mean GE13, as I'm not holding local funds except for bonds, which seemed to be dropping fast and the money market funds seem better than bonds. |
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Feb 2 2013, 11:07 PM
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Senior Member
4,436 posts Joined: Oct 2008
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According to the brainy people at Morgan Stanley, to evaluate a fund, the parameters one need to measure are:
i) Annualised return of the fund and its benchmark ii) volatility aka standard deviation of the fund and its benchmark iii) the beta of the fund wrt its benchmark Google Modigliani-Modigliani ratio for the formula. NAV is not part of the equation. Xuzen |
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Feb 2 2013, 11:56 PM
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Junior Member
270 posts Joined: Jan 2012
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QUOTE(birdman13200 @ Feb 1 2013, 06:29 PM) It should be. My recent experience, sold on 4 dec night, they bank in by 6 dec. It is for bond fund, if equity may need 1 days more, as ur selling NAV only can be know on the next day. Weird, still not getting it. But I can see it is tied to my savings account. Will have to wait for monday to check I suppose. |
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Feb 3 2013, 04:25 PM
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Senior Member
1,639 posts Joined: Nov 2010
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QUOTE(xuzen @ Feb 2 2013, 11:07 PM) According to the brainy people at Morgan Stanley, to evaluate a fund, the parameters one need to measure are: Could not brain what is said in wiki and another site e-how on modigliani ratio... got lost in the calculations and another required benchmark portfolio which is missing in my data. i) Annualised return of the fund and its benchmark ii) volatility aka standard deviation of the fund and its benchmark iii) the beta of the fund wrt its benchmark Google Modigliani-Modigliani ratio for the formula. NAV is not part of the equation. Xuzen  Sharpe ratio looks easier to digest and to compute (since standard deviation is an excel function), but still not sure whether I got it right. Several questions if you or anyone can help to resolve: - Can I use sharpe ratio on monthly returns (ie. the % increments on each month for the year)? - In comparing 2 funds, the fund with the higher sharpe figure is the better fund after risk-adjusted? - Below is 2 sets of numbers from 2 funds, is the sharpe calculation correct? Fund A: 12 months average increment (in %) = 0.94 12 months average risk-free return (FD rate of 3%) = 3/12 = 0.25 Standard deviation = 2.972 Sharpe ratio = (0.94 - 0.25) / 2.972 = 0.23 Fund B: 12 months average increment (in %) = 0.855 12 months average risk-free return (FD rate of 3%) = 3/12 = 0.25 Standard deviation = 1.824 Sharpe ratio = (0.855 - 0.25) / 1.824 = 0.33 - Barring other factors, even though Fund A returns is higher for the year, Fund B is the better fund to select as it has a higher Sharpe ration which indicates that it has lesser deviation/volatility and lesser risk? Correct? |
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Feb 5 2013, 07:58 AM
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All Stars
52,874 posts Joined: Jan 2003
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