EPF Suspended Public Mutual as Approved Fund Mgr, Suspension starts 29th October, 2012
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 Oct 30 2012, 08:42 AM
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#1
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Senior Member
814 posts Joined: May 2011 
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QUOTE(jayen @ Oct 30 2012, 08:30 AM) Hi jutamind, Public mutual has been a better investment house than most other banks like Cimb which offers lower returnsEPF conduct review of funds on an individual basis, I don't think Public Mutual fund is so bad that they will suspend a whole fund house.  This can't be the story or excuse given to stop the license |
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Oct 30 2012, 08:52 AM
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#2
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Senior Member
814 posts Joined: May 2011
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It's either abuse or chinamen bank. Perhaps public bank gave too good returns versus the other bank pressuring them to perform better
I know most of my friends when investing with EPf use public bank only |
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Oct 30 2012, 09:13 AM
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#3
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Senior Member
814 posts Joined: May 2011
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QUOTE(jayen @ Oct 30 2012, 09:01 AM) Hi sam sam, BUT Can you invest in them with your epf monies?Perhaps you are unaware that many companies offer good investment returns even higher than Public Mutual. However, they lack the marketing dollars, number of agents & reach to promote their funds like Public Mutual. Also, I don't think its a conspiracy like you mentioned. This is usually an enforcement issue, & in my opinion it is probably temporary. My guess right now is Public Mutual has to rectify whatever reasons that caused the suspension. like public index fund has been around almost 20 years as been steady return a good profit throughout the years |
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