OK. A few days ago I posted that I was considering between PM and Hwang. And then I decided that in the long term, PM would win over Hwang. So decided to take Hwang then. After that I researched some more on CIMB and found that it has lower fees.

So in the end, yesterday I bought CIMB. The package I bought is the Asia ex-Japan.
Reason why I chose this fund is because It invests in companies with significant businesses in Asia. I wanted to diversify away from Malaysia, hence this fund.

But the masterfund management fee is 1.8%. So, the management fee could be slightly higher, depending on how much cash is held. I also expect this fund to have higher volatility (hence higher capital gain or loss).

You can choose whether to invest in Class A or Class C. It's your choice. I chose Class C of course.
Here's an explanation about the management fee is charged. I think it's a good explanation.
http://forum.lowyat.net/index.php?showtopi...post&p=56909384

Called HwangIM, the Head of Branch suggested to invest in their conservative funds cos market is a bit peak"ish" and to switch when market corrected. Most Asian stockmarkets are at their tops except China.

Correct.
page 18 first paragraph. "..... Additionally, the management fee is to be charged at only one level in either the target fund or the feeder fund."
This means the management fee could either be 1.8% or 1.5%. And since the target fund management fee is higher, we can bet that this will be the management fee charged.

Example, Feeder fund holds 10% cash and invests 90% into the Target Fund.
The 10% cash will be charged 1.5% management fee.
While the Target Fund will charge the Feeder Fund 1.8% fee, so this means the 90% that is invested into the target fund will attract a 1.8% fee.

Total fee = (10% x 1.5%) + (90% x 1.8%) = 0.15% + 1.62% = 1.77%