Err, I did make a profit from PCSF. Read properly

My comment is not referring to you but as general for those who got PCSF.

My apology if you got offended.

Plan it more broadly, don't just limit to PM. I am just included fund from other fund house to form a diversify portfolio. Just choose the best fund from each fund house that match ur portfolio.

This post has been edited by birdman13200: Feb 22 2013, 06:41 PM

oh, a wolf in sheep skin.
You should be giving us tips instead of asking!

yup, big fish in small pond. Still big enough to swim in the Melaka Straits, but it can become fish food to the sharks swimming in the big ocean.

In buying/selling stocks, there is a buyer and seller, and both cannot make profit - one must loose while the other wins.

Guess who will emerge the winners when big sharks rules the battlefield and you're only a big fish in unfamiliar territory?

Heard that Hong Kong is proposing to extend trading hours in April so that the big boys in Europe/America can have longer playing hours, so better watch out.

See the market drop, and switch out before 4pm, only an hour or so before market closed... with extended hours, you can only watch it fall and fall and fall every hour and nothing you can do about it. (As all the control of the fund, other than entering/exiting the fund, is in the hands of the fund manager...)

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

"Past performances is not an indicative of future performances" or something like that is often quoted.

Correlatively, a good performance in the past is not likely to ensure a good performance in the future.

And a previously bad performer is more unlikely to perform better in the future than a previously good performer.

How to know which is a bad performer to weed out? Simple, by comparing its performance to its benchmark's performance.

What if lazy to go through the "performance chart" in Public Mutual website or read the quarterly reports?
Ok, a quick and dirty way to narrow down the long list of funds as a possible candidates to select, is by its nav prices - as posted and explained in a previous post.

Since, currently, all the market indices are near or at their peak, a fund that is better than its benchmark should be near or above its parity RM0.2500.

I would dismiss these funds immediately - no need to waste time:
(figures at the right end is the NAV price)
21/2/2013 PB CHINA PACIFIC EQUITY FUND PBCPEF 0.1586
21/2/2013 PUBLIC CHINA SELECT FUND PCSF 0.1617
21/2/2013 PB EURO PACIFIC EQUITY FUND PBEPEF 0.1772
21/2/2013 PUBLIC CHINA ITTIKAL FUND PCIF 0.1778
21/2/2013 PB ISLAMIC ASIA STRATEGIC SECTOR FUND PBIASSF 0.1915
21/2/2013 PB CHINA AUSTRALIA EQUITY FUND PBCAUEF 0.1967

Would also dismiss the next batch of volatile funds:
21/2/2013 PUBLIC GLOBAL SELECT FUND PGSF 0.2046
21/2/2013 PUBLIC REGIONAL SECTOR FUND PRSEC 0.2057
21/2/2013 PB ASIA EQUITY FUND PBAEF 0.2122
21/2/2013 PUBLIC TACTICAL ALLOCATION FUND *** PTAF 0.2132
21/2/2013 PUBLIC FAR-EAST DIVIDEND FUND PFEDF 0.2136
21/2/2013 PUBLIC CHINA TITANS FUND PCTF 0.2207
21/2/2013 PUBLIC FAR-EAST BALANCED FUND PFEBF 0.2208
21/2/2013 PB ISLAMIC ASIA EQUITY FUND PBIAEF 0.2213
21/2/2013 PUBLIC NATURAL RESOURCES EQUITY FUND PNREF 0.2241
21/2/2013 PUBLIC FAR-EAST ALPHA-30 FUND PFA30F 0.2322
21/2/2013 PUBLIC FAR-EAST SELECT FUND PFES 0.2332

Those at the upper end too, since they are mostly old funds with accumulative values from long ago:
(Good if your looking for stability and not so aggressive funds .)
21/2/2013 PUBLIC GROWTH FUND PGF 0.4720
21/2/2013 PUBLIC INDUSTRY FUND PIF 0.5033
21/2/2013 PUBLIC SAVINGS FUND PSF 0.5397
21/2/2013 PUBLIC AGGRESSIVE GROWTH FUND PAGF 0.6197
21/2/2013 PUBLIC REGULAR SAVINGS FUND PRSF 0.6453
21/2/2013 PUBLIC BALANCED FUND PBF 0.6502
21/2/2013 PUBLIC INDEX FUND PIX 0.6583
21/2/2013 PB GROWTH FUND PBGF 0.7299
21/2/2013 PUBLIC SMALLCAP FUND PSMALLCAP 0.7382
21/2/2013 PB BALANCED FUND PBBF 0.7690
21/2/2013 PUBLIC ITTIKAL FUND PITTIKAL 0.8661

This next batch is worth a look, selectively on some of them:
21/2/2013 PB ASIA PACIFIC ENTERPRISES FUND PBAPENTF 0.2409
21/2/2013 PUBLIC ISLAMIC ASIA LEADERS EQUITY FUND PIALEF 0.2426
21/2/2013 PUBLIC ISLAMIC ASIA TACTICAL ALLOCATION FUND ** PIATAF 0.2427
21/2/2013 PB CHINA ASEAN EQUITY FUND PBCAEF 0.2429
21/2/2013 PB ISLAMIC EQUITY FUND PBIEF 0.2456
21/2/2013 PB MIXED ASSET CONSERVATIVE FUND PBMAC 0.2501
21/2/2013 PUBLIC STRATEGIC SMALLCAP FUND PSSCF 0.2608
21/2/2013 PUBLIC ISLAMIC SAVINGS FUND PISVF 0.2611
21/2/2013 PUBLIC ISLAMIC ASIA DIVIDEND FUND PIADF 0.2617
21/2/2013 PUBLIC ISLAMIC ALPHA-40 GROWTH FUND PIA40GF 0.2640
21/2/2013 PUBLIC ASIA ITTIKAL FUND PAIF 0.2665
21/2/2013 PUBLIC EQUITY FUND PEF 0.2676
21/2/2013 PUBLIC ITTIKAL SEQUEL FUND PITSEQ 0.2678
21/2/2013 PUBLIC FAR-EAST CONSUMER THEMES FUND PFECTF 0.2681

And now the current performers:
Separated into 3 categories:
1) Public series, local:
21/2/2013 PUBLIC FOCUS SELECT FUND PFSF 0.2731
21/2/2013 PUBLIC ISLAMIC MIXED ASSET FUND * PIMXAF 0.2773
21/2/2013 PUBLIC ISLAMIC OPTIMAL GROWTH FUND PIOGF 0.2789
21/2/2013 PUBLIC SECTOR SELECT FUND PSSF 0.2814
21/2/2013 PUBLIC ISLAMIC SECTOR SELECT FUND PISSF 0.2837
21/2/2013 PUBLIC DIVIDEND SELECT FUND PDSF 0.3003
21/2/2013 PUBLIC OPTIMAL GROWTH FUND POGF 0.3037
21/2/2013 PUBLIC SELECT ALPHA-30 FUND PSA30F 0.3047
21/2/2013 PUBLIC ISLAMIC SELECT TREASURES FUND PISTF 0.3072
21/2/2013 PUBLIC ISLAMIC OPPORTUNITIES FUND PIOF 0.3279
21/2/2013 PUBLIC ISLAMIC EQUITY FUND PIEF 0.3483
21/2/2013 PUBLIC ISLAMIC DIVIDEND FUND PIDF 0.3755
21/2/2013 PUBLIC ISLAMIC SELECT ENTERPRISES FUND PISEF 0.3911

2) Public series, foreign:
21/2/2013 PUBLIC ISLAMIC TREASURES GROWTH FUND PITGF 0.2837
21/2/2013 PUBLIC SINGAPORE EQUITY FUND PSGEF 0.2866
21/2/2013 PUBLIC AUSTRALIA EQUITY FUND PAUEF 0.2900
21/2/2013 PUBLIC FAR-EAST TELCO & INFRASTRUCTURE FUND PFETIF 0.2921
21/2/2013 PUBLIC SOUTH-EAST ASIA SELECT FUND PSEASF 0.2951
21/2/2013 PUBLIC INDONESIA SELECT FUND PINDOSF 0.3063
21/2/2013 PUBLIC FAR-EAST PROPERTY & RESORTS FUND PFEPRF 0.3193

(note: PITGF is mainly in local stocks, though it is categorised as 'foreign'.)

3) PB series:
21/2/2013 PB GROWTH SEQUEL FUND PBGSQF 0.2706
21/2/2013 PB INDONESIA BALANCED FUND PBINDOBF 0.2797
21/2/2013 PB ASIA EMERGING GROWTH FUND PBAEGF 0.2850
21/2/2013 PB SINGAPORE ADVANTAGE-30 EQUITY FUND PBSGA30EF 0.2891
21/2/2013 PB AUSTRALIA DYNAMIC BALANCED FUND PBADBF 0.2963
21/2/2013 PB ASIA REAL ESTATE INCOME FUND PBAREIF 0.3010
21/2/2013 PB ASEAN DIVIDEND FUND PBADF 0.3191

(Funds highlighted in red: closed for new investment.)
(Funds highlighted in green: closed but open to EPF.)

Take your pick!
(Then compare your selection individually against each other based on their standard deviation or Sharpe Ratio...)

Cheers, happy investing.

I am not sure how logic is this selection method, but the recently (1 year to 3 years) launched fund should be excluded. For example "PUBLIC STRATEGIC SMALLCAP FUND" which just launch 20-Mar-2012, the NAV should not deviate much from 0.2500.

<launch NAV=good price to go in?

C'mon

Nah, just being lucky previously.

read slowly lah... logic already given.

Not sure what you meant "NAV should not deviate much from 0.2500". You meant that fund should be in the short list?

Maybe it should... but if we were to pick just 3 local funds (as Public Mutual is known for its conservative local funds) and one foreign fund (for diversity), the short list is more than enough to consider.

From the short list, I'll be wary of those specific countries (Sing, Aus, Indon) funds... would rather pick ASEAN funds and allow more room (for the fund manager to select stocks) for diversity.

Far-East Property, as noted in a previous post, nothing far east about it as it is mainly in the 4 neighbouring countries (mal, thai, sing & indo) and some small portion in HK and Aus. That's why it is performing well.

(PB Asia Real Estate is minus HK and Aus - and should have been named Asean Real Estate.)

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

If still too lazy and the short list is not short enough, just look at the awards PM collected last year. They are no beauty or popularity contests and subjectively being given awards, in my layman's eyes, there must be some sound statistical reason behind the awards.

- Public Focus Select Fund, equity malaysia small and mid caps, 3 years.
- PB Asia Real Estate Income Fund, mixed asset MYR balance (global), 3 years
- Public Asia Ittikal Fund, equity asia pacific, 3 years.
- Public Smallcap Fund, equity malaysia small and mid caps, 5 years & years (2 awards won also no use to us, since it is closed.)

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

IMHO, PB Asia Real Estate should be monitored; it could be one of those over-subscribed funds in future and then closed; an opportunity to get in at basement when it is still possible to do so now.

I still recalled I was approached by an agent (a pretty lass too), in a shopping mall when Public SmallCap was launched with promotional service charge, but did not buy...

If the investment/savings plan is for retirement, don't be too certain that good stable funds would still be opened for your EPF monies.

G'nite... happy weekend!


This post has been edited by j.passing.by: Feb 23 2013, 10:21 PM

I already has Public Smallcap Fund and still under active DDI, monthly still can be top up, .

And I also has PB Asia Real Estate Income Fund.



j.passing.by, do u mean that PB Asia Real Estate Fund will be closed soon?? How u know that?
Based on my info, the approved fund size is 1.50 Billion unit, from latest annual report, the UIC only 258,326,000 (0.258 billion), still far from approved fund size, right??

UT recommended 3 yrs and above. the longer the better. high risk funds may take longer time to give better return in long run.

no recommentation, just suggstions:

1. set the investment objective/goal.
2. look for the funds whcih match with ur objective/goals.
3. go for it.

DO NOT PUMP IN YOUR RM50K LUMP SUM, BETTER APPLY REGULAR DDI UNLESS THE UNIT PRICE IS VERY CHEAP.

aiyoh, read slowly la, how did the last 3 paragraphs lead you to conclude that it will closed soon...

It's a suggestion that good and stable funds must be monitored more closely... get in when you can do so... don't wait until you retire and then only start looking; but by then, good and stable funds are already closed.

PB Real Estate looks promising... (and I repeat) so "it could be one of those over-subscribed funds in future".

"IMHO" - means In My Humble Opinion - it is an opinion, not news.

"... must be monitored..." - please don't interpret as "buy now". As mentioned, all the (relevant) markets are at or near peak/record level, it is best to enter when the market or nav price dips.

"... when it is still possible to do so now." - "now" does not necessary means "today" or "immediately" in English, it should be interpreted, together with the context of the 3 paragraphs to mean the "present" as in "not the future" . (It can be just an expression, as used in the below sentence.)

okay?

(Hope you can understand what I wrote... hope I understood what I wrote too. Am neither a professional financial adviser or english teacher! LOL )

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

Now, back to the quick and dirty shortlisted funds in the previous post...

"Quick and dirty" because it took less than a minute to copy and paste the entire list into excel, and then sort it on its nav price from smallest to highest.

There was some doubts on the validity of the rankings, and maybe I should expand its "logic" a bit further...

I was slightly surprised how reasonably rational the rankings turned out; possibly due to the near peak/record levels of the markets. I don't think it will be a well-ordered list in adverse market conditions.

On question whether 1 to 3 years should make the list and be considered... a good question.

Similarly, should a fund be faulted because it was launched just before the market plunged and is compared to another fund launched after the plunged; and the comparison is based solely on the NAV price?

I don't think recently launched funds should be left out; it already has a track record after a full year. A 2-year fund can be compared against a 4-year fund based on its nav price... because there's distribution and distribution reduces its nav price.

(And PM seemed to have the same distribution policy across all the equity funds; and thus validate the comparisons and rankings of the funds.)

Say, launched price of fund A - 0.2500. 1st year, increased to 0.2625. After distribution, dropped to 0.2575. And so forth on the 2nd, 3rd, 4th year... If the yearly increment is not high, distribution could even dropped the price back to 0.2500 or even slightly less to 0.2495.

By the 2nd year, fund B is already launched, and nav price of A won't be too far ahead of B (because of the distributions), and based on their nav prices, and if fund A is slightly higher than B, fund A do deserved its higher ranking since it already has a longer track record than B.

See, the distributions even the playing field slightly to B's favour; and the comparison (based on nav price) is fair.

Now the tricky part; what if Fund A went through 2 years of adverse market just before B is launched?
Fund A would be unfairly ranked against B; since Fuad A could be 0.2300 and B 0.2505.

But this argument does not matter and does not derail the "quick & dirty" rankings.

Since both did not made the short-list!

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

Looking at the bottom two batches of "poor" funds, they are all foreign funds; out of the bottom six funds, four are "China". Can we conclude that it validates the "big fish in small pond" argument?

Some may argue that it is not totally "big-fish-small-pond" syndrome, and it is also partly due to wrong timing and very adverse market just after the funds were launched.

But based against their benchmarks (which some said they are staked, bias and lope-sided in the first place)... sigh, you make the conclusion, tired to write.

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

Okay, here's a wrong way to judge a fund based on nav prices alone.

It will be wrong to ask "NAV price is at record high; should I top up or wait?" Also wrong to think "NAV price is very low, should I buy?"

No, no, no. Buying/selling is always based on the market trend. Buy low, sell high....

Yahoo is your friend here. It has nifty charts on KLCI, HSI, STI, etc.. click the technical charts and select 20-day, 50-day and 200-day moving averages....

So, get ready and be prepared and know what to buy when the market dips...

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

"Nav price is very low, should I buy?"

Becareful, it may not be due to market condition and undervalued...

don't wrongly think "... market improved, it will rise higher and better than other similar funds since it has lowest price, percentage-wise increase is also higher."

This is UT, not investing in individual shares. How possible that the UT is holding mostly, like 30 to 50, undervalued stocks?

It could also be a "dead" fund. Market improved, other funds rise higher; adverse market, it dropped faster!

Don't expect (as chinese says) salty fish becomes alive. LOL.

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

Some of the writings are for those in similar position as me - stage 2 investors - already build up the savings, no more fresh investments, just doing switching to jump in/out of equities.

(Vs. stage 1 investors - just starting and making regular DCA investments. Switching costs may not be cost-effective.)

end of bedtime story... G'nite.

ok, get ur meaning now.

Dear unitholder We are pleased to attach the market wrap and regional market review for the week/ fortnight ended 15 February 2013 for your information. Regards Customer Service

http://www.malaysiandigest.com/business/26...wards-2013.html

I have made a repurchase before Chinese New year into interbank transfer (bank islam). Until today dint receive it in my bank islam. How long does it take for the money to get through?

Max up to 10 working days.

I did a GIRO transfer in Bank Islam to a third party and for 3 weeks the monies did not go through causing a lot of embarrassment and inconvenience.

It was only in the 4th week that they admitted that the ic of the receiver was wrongly inserted with my ic number.

Public Mutual Emerged as the Biggest Winner for the 10th Consecutive Year

URL: http://www.publicmutual.com.my/LinkClick.a...o4w%3d&tabid=87

Dear Unitholder, We are pleased to attach the market wrap and bond market review for the week/fortnight ended 22 February 2013 for your information. Regards Customer Service

On Fri, 1/3/2013 KLSE rebounded to 1,637 pts.

I took the chance to rebalance my portfolio to 80:20 in favour of fixed income compared to 50:50 previously.

Favouring cash position in view of the extreme uncertainty with the coming GE-13.

Preparing my war chest ready for barrel fishing later on.

Xuzen