Hi all,

I believe I have too many bond funds and would like to take one out because I have another with another bank as well. So would appreciate your opinion on which one I should take out.

I currently have:

PEBF
PSBF
PIEBF

Which would be the best to take out if comparing returns to FD?

thanks!

Public Mutual has recently added the Public China Access Equity Fund (“PCASEF”) under its management.

PCASEF is an equity fund that has the mandate to invest in the China market. The fund will focus its investment in China A-share market.

China A-share market refers to stocks that trade on the Shanghai and Shenzhen exchanges. These companies are incorporated in mainland China and their shares are denominated in Renminbi. China A-shares trade in a closed market and can only be purchased by domestic Chinese investors. Foreign investors who intend to invest in China A-shares have to hold the Qualified Foreign Institutional Investor (“QFII”)License under the Strategic Investment Scheme, of which Public Mutual is a license holder.

Please be informed that units of PCASEF will only be held by funds of Public Mutual which have a mandate to invest in China shares and will not be offered to the public.

I'm also not really understand the real concept, but I also think like you.
It might be just a feeder fund.

The point where PM want us to know about this maybe jus bcoz they're among the first here to get the license.

public mutual has been known to have high SC....i am interested in DCA with my funds....my fund manager told me to put money every month in bonds...when time is right he will transfer to equity.....may i know which one will work out better in terms of less SC for DCA..
will DDI incur more charges than transfer online from public bank...

u mean Sc for DDI is cheaper than me doing online banking to top up my PM funds...

Ok... I just checked my CIMB account balance... and I saw this:

25-Apr-2013, LC DEP NOBOOK.

Which part of Direct Credit is Local Check Deposit?

Now I have to wait for the check to clear. I was hoping to get the money by tomorrow.

Bond Fund New Sales Charges from 0.25% to 1.00%
w.e.f 01 Oct 2013 and New Switching Charges Table
Please check out new master prospectus for the changes.
Equity Sales Charges remain at 5.50% (CASH Investment) / 3.00% (EPF Scheme)

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To me, it become less competitive compare to other fund houses :-(

can provide link to "new switching policy" for Public Mutual?
i try searching but cannot find it.
thanks

then, any link to current swiching fund policy?
thanks ya.

1. Switching of units is considered a withdrawal/redemption of investment from a fund and an application to purchase units of another fund.
2. Switching of low-load units of bond/money market funds into equity and balanced funds will be subject to service charge.
3. Switching of loaded units may incur switching fee (of up to 0.75%) which is deductible from the redemption proceeds. The net proceeds will be processed into the "switch to" accounts based on the NAV per unit at the close of the business day:

For switching request made within 90 days of the date of purchase of units/switching into the fund, a switching fee of:
- 0.75% or minimum RM50 per transaction will be deducted from the redemption proceeds for switching from equity/balanced funds.
- 0.25% or minimum RM50 per transaction will be deducted from the redemption proceeds for switching from bond funds.
- RM25 per transaction will be deducted from the redemption proceeds for switching from money market funds.

For switching request made after 90 days of the date of purchase of units/switching into the fund, a switching fee of RM25 per transaction will be deducted from the redemption proceeds.

4. For Mutual Gold & Elite Members, the 18 and 30 switching entitlements valued at RM25.00 each can be used to offset switching fees incurred. For eg; if the switching fee incurred is RM75.00, a switching entitlement of RM25.00 can be used to offset the switching fee, thereby unitholder only incurs RM50.00 on this switching transaction.
5. Switching transacted before 4:00 pm on any business day will be processed based on the closing NAV per unit of the same business day whilst switching transacted after 4:00 pm on any business day will be processed based on NAV per unit of the next business day.
6. Switching for foreign funds transacted during non-business days of the funds will be processed based on pricing determined at the close of the next business day when both the Switch From and Switch To funds are opened for trading.
7. Public Mutual reserves the right to reject any switching request that it regards as disruptive to efficient portfolio management; or if deemed by Public Mutual to be contrary to the best interest of the fund. Switching requests which are rejected by Public Mutual would be treated as a redemption of units from a fund and a rejection of application to purchase units in the intended fund. As such, unitholders will receive payment of redemption proceeds in the event of a rejection in switching requests.
8. For full switching, please advise the bank to cancel your Direct Debit Authorization immediately.
9. Successful switching transactions will be processed within 2 business days.

They got provide another servicing agent for you?

Thanks for the info. Hope his upline is comming out to meet you once to introduce himself/herself.

May i know how does PM charge us Annual Management Fee (1.5% p.a of NAV)?