Public Balance Australia Dynamic Balanced Fund has dropped 6.74% in May. Previously upped 2.54% in April and 0.4% in March.
Gains became losses at the moment. Not sure what to do next.
Public Mutual v4, Public/PB series funds
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 May 31 2013, 05:48 PM
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#1
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Junior Member
66 posts Joined: May 2013 
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Jun 10 2013, 05:00 PM
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#2
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Junior Member
66 posts Joined: May 2013
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I'm reading the prospectus for PFEPRF.
Annual Total Return for the Financial Years Ended 31 July 10.03% Does it mean the NAV difference between 2011/07/31 & 2012/07/31 was 10.03%? |
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Jun 11 2013, 05:18 PM
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#3
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Junior Member
66 posts Joined: May 2013
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QUOTE(j.passing.by @ Jun 11 2013, 01:52 PM) Not really. It shows the performance/increment of the fund over that period of 1 year. Can't just look at the NAV price over the years, since each annual distribution gives more units. Basically if we want to calculate, we need to take into consideration of distribution also. Because after distribution, NAV drops thus no longer comparable with the NAV a year ago. The NAV price will drop after each distribution. Total value remains the same. Total value = number of units x NAV price. So after distribution, more units and slightly lower NAV price. Yes, amazing returns recently. If we look into its performance for 5 years, it was 2.75& per annum. What do you like to know? Can write a book on this subject. And it would be repetitive of what you can find in Public Mutual website.    |
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