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 Public Mutual v4, Public/PB series funds

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cheahcw2003
post Aug 14 2012, 09:00 PM

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QUOTE(howszat @ Aug 13 2012, 11:02 PM)
Some things to note:
(1) Good agents are rare
(2) Good and Committed agents are even rarer (if they exist, we would not need the rest of those salesmen/women)
(3) If you make a loss, that's your problem
(4) Sales charge are higher than EVERYONE else
(5) PM performance lost out to other fund managers in ALL categories. It's the biggest, but cannot manage to win anything in any category. It's just like going to the Olympics and claiming you have the largest number of Bronze, but no Silver, and no Gold. And yet charge the highest fees.

Question: why should anyone invest with PM?

I'm open to ideas why I should not move to other channels which offer better performing funds at lower costs? (1% compared to 5.5%)?
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well said
cheahcw2003
post Aug 25 2012, 10:42 PM

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QUOTE(wongmunkeong @ Aug 23 2012, 04:29 PM)
FYI - even Public Bank's special loan,
Uniflex ( http://www.pbebank.com/en/en_content/perso...ns/uniflex.html ),
that uses Public Mutual's funds/unit trusts,
does NOT accept "EPF scheme" invested mutual funds as collateral.
Thus, highly unlikely - U can try your luck though.  notworthy.gif
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hey brother, u start using leveraging method?
cheahcw2003
post Nov 1 2012, 12:43 AM

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QUOTE(ming2007 @ Oct 29 2012, 12:09 AM)
Dear all,

May I seek for some advice regarding to Public Bank Uniflex Loan for Public Mutual UT holders?

If the maxiumum amount of Loan is up to 80% and BLR is -1%, for eg UT amount is RM10,000.

The loan can be provided is RM8,000 and interest rates will be (6.6%-1% = 5.6% )?

My questions are:
1) Is Bond holders eligible for the loan?
2) Is the BLR will be fixed or floating according to market rate?
3) Any latest BLR interest rates for the Uniflex Loan?

Thanks in advance for any advice from you.
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1) apply to all Public and PB funds.
2) BLR is fixed by BNM, BNM fixed the ceiling BLR, the bank has the rights to charge lower.
3) latest BLR is 6.6%
cheahcw2003
post Nov 1 2012, 10:13 PM

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QUOTE(ming2007 @ Nov 1 2012, 09:51 PM)
Thanks for the reply, bro. Do you know how much is the interest rates for Uniflex loan?
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BLR - 1%
cheahcw2003
post Nov 3 2012, 01:49 PM

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QUOTE(samuraislash @ Nov 2 2012, 08:38 AM)
Correct me if am wrong. Only public bank bangsar branch can do UNIFLEX. And the loan amount must be more not less then 10k. Means must have investment in UT around 12k to apply. Last follow up this mid year dunno if there any changes lately. Even can do uniflex on properties. If not mistaken 70% from current value. And the intrest a bit high.
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Yes those key branch only can do, for example in my area, Ttdi branch can't do it but damansara utama branch can do it. Uniflex and Mortgage loan is totally different product. U hv mixed it up.


Added on November 3, 2012, 1:51 pm
QUOTE(kent05 @ Nov 2 2012, 01:45 PM)
is PIF a good fund? is now a good time to invest into this fund? i think PSTBF performance is quite poor. i want to switch into other fund.
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I agree with u PSTBF do not perform up to the expectation. Quite disappointing. Not much good and available bond funds nowadays. Those performing ones fully subscribed.

This post has been edited by cheahcw2003: Nov 3 2012, 01:51 PM
cheahcw2003
post Nov 21 2012, 08:50 PM

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QUOTE(kucingfight @ Nov 21 2012, 01:51 PM)
PBIBF (public bank islamic bond fund) is still open for EPF. had invested in it twice already. no brainer for those conservatives
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I m a big fan of this fund b4 it closed for public.
Didn't know that they still open for EPF
cheahcw2003
post Dec 4 2012, 09:21 PM

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Got email from agent that China stock will be improved tremendously after CNY, so recomend to invest in China funds. ANyone received the same email?
cheahcw2003
post Dec 4 2012, 09:34 PM

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QUOTE(Kaka23 @ Dec 4 2012, 09:30 PM)
China's economy is gaining some momentum, but nobody will know it will take off tremendously in 2 months time though..
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it could be just a year end target meeting campaign to boost the sales.
cheahcw2003
post Jan 5 2013, 10:54 PM

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QUOTE(wongmunkeong @ Jan 5 2013, 09:42 PM)
In addition, during "sales" in FSM at 1%, those silver/gold additional discounts are deducted from the 1% too.
This coming 26th Jan 2013 KLCCentre do, 0.5% only but the silver/gold additional discounts doesn't kick in (if i'm not mistaken) 
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WMK, few questions.
1) Say now the OSK Big Cap China funds are offering at 1% Sales charge, so for Gold member who is eligible for 0.5%, only pay 0.5% sales charge ? (1% promotion charge -0.5% gold member discount)

2) assuming we are neither Silver nor Gold member yet, If our intention is to buy OSK Kidsave Trust who is charging 2% now, can we find the loopholes to buy in OSK Big cap China which charge 1%, then intra switch to OSK Kidsave Trust??? Thus we will enjoy the 1% since INTRA FUND HSE switching is FOC?

3) If we combine 1) +2), gold member who bought OSK big cap china, pay 0.5%, switch to OSK Kidsave Trust, then only pay 0.5% only?

cheahcw2003
post Jan 5 2013, 11:56 PM

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QUOTE(wongmunkeong @ Jan 5 2013, 11:24 PM)
Hi CheahCW2003 (my sifu in the option of levering on PM's bonds & equities for cash - heheh, that option bombed out now for me coz all cash mutual funds moved to FSM)  notworthy.gif
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Ok, thanks for your answer WMK.
Someone complain we talk abt FSM here, so back to Public Mutual's leveraging. The best part is u can refinance when your fund grows.
For example, for 125K fund, pledge for 80% OD, you get 100K line, so now the fund grows from 125K to say 175K, so you can actually top up your OD amount to 140K (175k x80%), take out 40K more from OD account and reinvest. I am thinking of getting extra money and invest in FSM funds.
cheahcw2003
post Jan 6 2013, 01:13 PM

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QUOTE(xuzen @ Jan 6 2013, 01:06 PM)
I am also in the process of transferring my investment out of Pub-Mut slowly. I forsee this exercise will end by end of this year and thereafter will not renew my FIMM membership and shall terminate my Pub-Mut UTC agency acoordingly.

Bye bye Pub-Mut, I no liek u anymoar.

Xuzen
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Don't u feel wasted for those funds that u have already paid 5.5% in PM and transfered to FSM and pay another 2% there?
My strategy is all new funds will put in FSM. Perhaps will transfer low loaded funds from PM to FSM.
I agree with you, no point maintain the PM UTC agency, u still pay 2.5% - 3% up front charges even after u take out the commission.
PM no longer a top achievers in terms of the fund performance. 1 more excuse to quit PM.
cheahcw2003
post Jan 6 2013, 01:58 PM

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Xuzen, Kaka23, WMK,
thanks for sharings...seems like PM "taikor tai" position in private mutual fund business is challeged by FSM, and other online DIY investment portal.
cheahcw2003
post Jan 15 2013, 09:01 AM

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QUOTE(David83 @ Jan 14 2013, 10:59 PM)
This new fund's proposed portfolio is like Public enhanced bond where 70% in Fixed income, 30% equity. But then Public enhanced bond fund's initial service charge is only 0.25%, compared to this newly launched fund charging 5.5%. Another overcharged service charge fund from PM/PB.
cheahcw2003
post Jan 15 2013, 10:59 PM

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QUOTE(birdman13200 @ Jan 15 2013, 06:27 PM)
Although 0.25%, but I got no RM100k to invest into Public Enhanced Bond Fund, how?
So, PM know to control their marketing strategics and make u buy the new fund.
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The things is new fund is overprice by 5% for the similar portfolio.
cheahcw2003
post Mar 3 2013, 06:31 PM

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QUOTE(xuzen @ Mar 3 2013, 12:27 PM)
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
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why not you switch from local equity to foreign based equity? instead of changing it to fixed income?
cheahcw2003
post Apr 8 2013, 11:13 AM

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the updated price today on 5/4/2013.
All the Public Far East series, the price has been drop around 2%, except for the Public Far East Property and Resorts funds, against the trend up by 2%.
Anyone knows why?
cheahcw2003
post Apr 8 2013, 01:05 PM

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QUOTE(wongmunkeong @ Apr 8 2013, 11:41 AM)
PFEPRF = hard properties & REITs
This asset class has been running on fire for the past several years non-stop (2009 onwards)  thumbup.gif
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yeah. this is the cheapest way to "own properties in overseas"
I switched all my equity funds to this PFEPRF since Dec 2012, no complain and no regret so far.
cheahcw2003
post Aug 17 2013, 12:54 AM

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QUOTE(wongmunkeong @ Aug 16 2013, 08:39 AM)
PM will be charging 1% on all bond funds (except PINBOND)... doh.gif
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0.25% already not attractive, want to increase to 1% some more?
cheahcw2003
post Aug 17 2013, 05:34 PM

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QUOTE(xuzen @ Aug 17 2013, 11:30 AM)
Go buy bond fund at FSM or Phillip Mutual Berhad (PMB) @ zero sales charge.
Some of the good bond fund include AMIncome Plus, KAF Bond, Eastspring Bond are at zero sales charge.
Pub-Mut... go fly kite lar.

Xuzen
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I invest in Pnb's ASx product, fixed price fund with stable return of 6.x%, tax exempted.
cheahcw2003
post Aug 17 2013, 10:15 PM

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QUOTE(xuzen @ Aug 17 2013, 07:19 PM)
Cheahcw2003, I have issues with schemes like this.

These type of collective investment schemes are not transparent at all. For example, you do not know what is the true value of the unit price. Your unit is forever priced at RM 1.00. Even though market go up, your unit price is still RM 1.00, isn't it silly? Say the market goes up 20% and you wish to sell the units, what price do you get? RM 1.00, how come not RM 1.20?

OK, you may argue that when market down you still can sell at RM 1.00. Now, let's turn the table and ask, should market drop 20%, you want to top up, how come you still pay RM 1.00/unit, not RM 0.80/unit?

Furthermore you also cannot evaluate the performance of the fund manager since there is no benchmark, i.e., you cannot scientifically evaluate the performance of the manager either. And don't compare this to FD because you have to compare apple to apple; orange to orange.

Xuzen
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This is just my personal observations.
If I am not mistaken, PNB is the biggest mutual fund company in South East Asia, they hardly trade shares but only accumulating shares, so dividend is their main source of income instead of capital gain. You can verify this by looking at the top 10 stock holdings for ASB for the last 10 years. The top 10 holdings stocks are more or less the same like Sime Darby, Maybank, TNB....just the number of holdings keep increasing due to the increase in fund size.

Assuming 1 business cycle is = 10 years, we usually have 6 good years and 4 bad years. In good year, dividend return could be 12% in average, in bad years dividend is zero ( as there is no negative dividend). So in good year, PNB pay out 8% to their ASB investors, and carry forward the 4% surplus to the following years. Thus in bad year, they also able to match the 8% p.a. return.

My assumption is PNB usually only accumulate stocks, they do not trade stocks, so during the bad time, they don't occur capital lost probably only paper lost during bad years. PNB's strategy is to invest in dividend stocks.

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