As per many requests, here's the new version - v3:

Unit Trust Basics:

Introduction to Unit Trust by RHB-OSK
Hwang Investment Management - Unit Trust 101
SCHOOL - LESSONS FOR NEW INVESTORS by FSM

*Thanks to Pink Spider for highlighting.



Since v2 is locked, I couldn't quote the first page.

This post has been edited by David83: Dec 9 2013, 11:47 PM

Dear Investors,

Do you have any ideas why Kenanga Syariah Growth Fund Designated Manager was changed, from Mr. Chen Fan Fai to Chung Yee Wah? Who is this Chung Yee Wah? Is his stock-picking stratey coherent with Mr. Chen Fan Fai?

http://www.fundsupermart.com.my/main/admin...eetMYKNGSGF.pdf

Thanks Dave

Been waiting for this for few weeks already.. Hehe

Sorry guys! I thought somebody will be initiating a new thread and usually people compete for it.

I don't want to open this thread because I have opened the previous version.

Good checked in. Looking forward to gain knowledge and share point of view here

wow i notice that china's unit trust fund is on the rise while our local unit trust fund is on going down. any tot?

Dont have china funds.. so not so sure. Local, yea.. been eating bit by bit my profit each day since 2 weeks ago...

me too, my both fund also local one

I just hope it will not eat until become negative until GE next year la... As whole portfolio, mainly being backup by bond fund. But trend is still downtrend...

'luckily' has been keeping bullet in cash for some time already. gotta buy more units during GE time.
what fund u have? mine is regular saving and islamic dividend.

I got too many funds... haha, but I hv decided to consolidate into only few funds to focus. You know la, last time PM agent as me to buy this buy that, so buy lo. Also OSKUOB officer ask buy this and that, hence got few funds also. So once I consolidate in to FSM, I will slowly focus on;

1) 3 Local funds (2 Equity + 1 Bond) (Kenanga Growth + AMB Dividend + AmDynamic)
2) 1 Asia ex-Jepun fund (Hwang Asia Quantum)
3) 1 GEM Fund (not yet decide)
4) 2 Alternative asset funds (OSK Gold and General + Energy)
5) 1 REIT fund (AmAsia PAC Reits)

Above just my direction, may change as well on the fund selection. But AmDynamic + Gold and General + Energy + AmAsia PAC Reits already got la.

What is your plan?

This post has been edited by Kaka23: Nov 26 2012, 03:26 PM

plan? haha, can't switch to protect it already. last time 'simple' switch too often, eat up my switching fee...

plan is only to reload during GE time, heard is next year feb or march like that...has not been reloading for very long time from my epf account 1, so can reload more

You are buying from PM right? Own agent?

Ya mine is all public mutual. No la, bot from my agent.

Intra switching with FSM is free

Only last week I switched out all my holdings in Eastspring Investments Global Leaders MY Fund, which invests in global "leading" companies and overweight US and Japan. The fund has been underperforming for a few years already, and the expense ratio has been quite high. Bad timing, turns out that US equities still got some upside to go.

Half went to Eastspring Investments GEM Fund and half to Eastspring Investments Equity Income Fund (a Malaysia dividend fund, one of the better equity fund, losing out only to Kenanga Growth, AMB Dividend, Hwang Select Dividend and Hwang Select Opportunity).

Aiming Pacific Global Stars Fund next to boost up my global equities exposure.

---

Added on November 26, 2012, 4:28 pmShanghai and Hang Seng indexes has been strong lately.

This post has been edited by Pink Spider: Nov 26 2012, 04:28 PM

[quote=Pink Spider,Nov 26 2012, 05:25 PM]
Intra switching with FSM is free

---

Added on November 26, 2012, 4:28 pm

really?

[quote=Pink Spider,Nov 26 2012, 05:25 PM]
Shanghai and Hang Seng indexes has been strong lately.

[/quote]

you got china unit trust fund or not now? should we switch from local to china fund?

AFAIK, under FSM, only OSK-UOB charges switching fee, the rest are all free. Please go FSM website to find out more details.

I got no China fund, but I got a GEM equities fund which has heavy exposure to HK/China.

For long-term growth, yes I do think that now is quite a good time to start accumulating funds investing in China. But Hang Seng index has been strong lately, so u have to find out whether the fund(s) invest in China stocks listed in HK, or Shanghai-listed stocks.

oh thanks for the info.
maybe now is the 'right time' for this hang seng to bloom

This post has been edited by ngaisteve1: Nov 26 2012, 04:56 PM

KLCI still on downtrend even though Asian markets are going strong. No wonder many say that KLCI is a rigged market.

If it drops below 1,600, I might be topping up on my Malaysian dividend fund.

I think this week you able to top up already.. now is already 1608.

Malaysian equities has always been seen as a relative "safe haven", guess the reason for the recent selling pressure must be because investors are going "risk-on", selling Malaysian equities to move to riskier markets.

which one in particular is 'safe haven'?

1. Large domestic institutional investor participation (EPF, PNB, LTAT etc)
2. Relatively high dividend yield

im on ready list to go back into equity. maybe tomorrow or lusa.

Not really I am holding several China fund still in red

Which fund? Kenanga Growth?

Nope.
CIMB DALI equity growth.

Last nite weaknessat US and Europe, I have a feeling today it will breach the 1,600 resistance

alamak.. end month. No money to top up if going down below 1600

I really love equity+sukuk combo.

Works for me everytime without fail.

Just to support the fact that u can do UT investment at any time.

1,603 now

Aiyoyo... if keep going like this, I can say all my funds IRR will be going to be lower than FD 3.0%pa la...

Dah lah panggil u diversify...Emerging Markets Bond, Global Equity, Asia Ex-Japan Equity

AmAsia Pacific REITs doing well, no?
OSK-UOB EM Bond Fund also giving me IRR 7-8% p.a.

Ah... still learning bro in this UT investment thingy. Planning to go in Hwang Asia Quantum, but no $$ yet. Need wait next month only I can go in. If I go in, I cannot to top up on my other funds lo.

GE, GEM, EM Bond.. still not considering..

AmAPAC REITs now onlu doing IRR 2.5%
AmDynamic also going lower and lower each day, now IRR 7.6%
Rest MY Funds, most still above FD% la, but keep on dropping at fast pace!

Hwang Asia Quantum Fund IRR is in double digits territory

I got TWO double digit IRR. But they are NEGATIVE!!!!

OSKUOB Gold and General
OSKUOB Energy Fund

anyone still got wongmunkeong's xls file on how to calculate IRR?

Is it a good time to invest in AmAsia Pacific REITs? Maybank is currently having a special promotion with initial sales charge of 3.5% (instead of 5%) for investments below 100k.

Thinking of going for it... but I'm new to UT stuff, so need extra opinions. Thanks!

Would you suggest Hwang Asia Quantum or Hwang Select opportunity Fund as equity fund?

This will help:

http://office.microsoft.com/en-us/excel-he...P005209341.aspx

Gurus, any comment on Hwang Select Income Fund ?

I saw their performance is quite consistent over the year. Any fund holder here ?

This post has been edited by renomael: Nov 28 2012, 03:13 PM

Invested since 2008, my IRR (after including 3% SC) = 10.6%

Very low volatility
A fund for all seasons.

Hi Pink Spider,

I've seen this article before i post the query. Not too sure how to calc XIRR in terms of unit trust investment.

Let's say i have RSP of RM1000 every month. At the end of the year, the value of my unit trust is 15,000. So how do i calculate XIRR?

Let's use an example...

01-Jan-12 invest RM500

Assuming SC of 2%, u will be getting only RM490.20 worth of units. But for the purpose of calculating IRR, I'd prefer to use CASH FLOWS, in this case I'd use RM500 instead of RM490.20. Thus, our IRR calculation would be on cash flows basis, which will be very different to the Fund Fact Sheet returns. Understand?

07-Feb-12 invest RM300
08-May-12 invest RM400
14-Sep-12 invest RM250
27-Nov-12 value: RM1,567

A B
1 01-Jan-12 -RM500
2 07-Feb-12 -RM300
3 08-May-12 -RM400
4 14-Sep-12 -RM250
5 27-Nov-12 RM1,567

=XIRR(Value Range,Date Range)
=XIRR(B1:B5,A1:A5)
=12.25%

When u invest, it's a cash OUTFLOW, thus negative value.

Just put the dates of purchase in 1 column, with the amounts in next column. Value and date of valuation on the same columns but lowest row within the range.

Got it?

This post has been edited by Pink Spider: Nov 28 2012, 11:46 PM

Based on my overall portfolio, I would go for Asia Quantum as it has more out of MY exposure. Their MY exposure Is approx 40%. I got too many MY funds. Select opportunity is 60% MY focus for now.

If u include the cash holdings, Select Opportunity Fund can never hold >30% in offshore investments, as it is EPF-approved. As most of us should know, EPF-approved funds can invest offshore up to 30% only.

Asia Quantum is a small-mid cap equity fund, and HwangIM has proven itself as an able stock-picker.

Today AmDynamc bond drop around 1%! This is the worst drop I ever seen...

eh...where got? i thot the NAV is 0.6253?

http://www.bloomberg.com/quote/AMDYMIC:MK

Or if you have Bloomberg app for tablet, can also get it from there..

Steady lar...even if it really did dropped 1%, will u have to sell your home and pawn your car because of it?

Bro.. the waiting again part for it to slowly climb up is painful ma..

Investing is for long-term...u are not trading...

What goes up must come down, and vice versa

Any reason why it dropped 1%? Distribution?

Looking at the historical distribution trend, unlikely to be the case.

AmDynamic Bond August 6, 2012 August 6, 2012 0.020005 Dividend Payout
AmDynamic Bond March 12, 2012 March 12, 2012 0.020009 Dividend Payout
AmDynamic Bond August 1, 2011 August 19, 2011 0.020052 Dividend Payout
AmDynamic Bond February 16, 2011 March 7, 2011 0.020031 Dividend Payout
AmDynamic Bond August 3, 2010 - 0.02 Dividend Payout
AmDynamic Bond January 12, 2010 - 0.02 Dividend Payout
AmDynamic Bond July 16, 2009 - 0.040021 Dividend Payout
AmDynamic Bond August 20, 2008 - 0.02 Dividend Payout
AmDynamic Bond February 20, 2008 - 0.02 Dividend Payout
AmDynamic Bond August 17, 2007 - 0.02 Dividend Payout
AmDynamic Bond February 22, 2007 - 0.02 Dividend Payout
AmDynamic Bond July 11, 2006 - 0.02 Dividend Payout
AmDynamic Bond February 8, 2006 - 0.02 Dividend Payout
AmDynamic Bond July 28, 2005 - 0.04 Dividend Payout

---

Added on December 1, 2012, 5:54 pmAmIncome Plus, a short-dated bond fund also kena, but just by 0.06%. AmIncome Plus rarely drops, there must be something happening in the bond market.

This post has been edited by Pink Spider: Dec 1 2012, 05:54 PM

Ya unlikely... My overall total portfolio XIRR drop 1.2% due to AmDynamic drop.

Mine from 5% dropped to 4.67% because of that drop

Mine overall portfolio IRR is now 4.52%

bubble burst in bond market?

Let's see how my other bond fund, OSK-UOB Income Fund fares when its 30-Nov-12 NAV is published tomorrow. Then we'll be able to see whether its the bond market or just AmInvestment's holdings.

Same thing happended to PB Islamic Bond fund and Public Islamic Bond fund....
Correction in Bond market?

How much percentage both of the PM funds drop?

-0.12% for both funds i had mentioned. Considered the biggest drop for the past donkey years.

CIMB Islamic Sukuk Fund fell 0.29%.

Luckily i escaped the day before. Successfully jumped back into equity.

Let see how long i should stay in the equity market.

hi all..

I am new to BOND and interested to invest in bond fund through FSM.

So what should i notice/ look into when selecting a bond fund?

Direct this question to FSM, they have Client Investment Specialists who are able to give advice on how to start.

For me,
- past performance vs benchmark
- past performance vs peers
- investment mandate (what does the Fund Manager invest in, what the Fund Manager CANNOT invest in, etc)

---

Added on December 3, 2012, 7:16 pmOSK-UOB Income Fund dropped only RM0.0002 i.e. 0.014% on 30th November

Must be downgrade of certain lower rated bondholding in AmInvestment's portfolio that caused the 1% drop in AmDynamic Bond.

This post has been edited by Pink Spider: Dec 3 2012, 07:16 PM

Guys, why the hell is AmTactical Bond having a sales charge of 2% for a pure bond fund when other bond funds are having around 0.5% sales charge?

---

Added on December 3, 2012, 11:17 pmAiya, invest in bond fund is a long term game. 0.29% drop can be temperory setback in the price of bond

This post has been edited by karhoe: Dec 3 2012, 11:17 PM

Consider that as a reminder for those who assume that bond funds are safe heaven.

Usually when the SC is high, the noob thingsi do are look at the fund performance and also what & where the asset allocation.

+100

What goes up (too much) must come down somehow

This post has been edited by Pink Spider: Dec 4 2012, 10:49 AM

Anybody enter equity market lately?

Mana Wong Seafood?

He must be shooting away at his China ETF lately

Reporting in Sir!
Sir.. waiting for the fat pitch before swinging my 2nd tranche sir!
Low 1900s aimed sir

I also switched half of my global equity units to global emerging markets equity when Dow hung around 13,000 and Shanghai dropped below 2,000

How come FSM does not carry Public Mutual funds?

Why would PM want to allow FSM to carry their funds? It will kill off their agency force.

OSK EMB distribution is in!

fastest ever...within a week. FSM is getting better

I went to ocbc branch lately. The sales pushing hard on amTactical, claim that it is the replacement of the amDynamic.

Wonder how true it is.

the upfront charges already 2%, that made a distintive difference for this fund compared to AmDynamic fund.

AmTactical Bond 2% front end charge
AmDynamic Bond 1% exit fee

Not that significant, esp considering mutual funds are for the long haul.

Here's why
http://www.ram.com.my/pressReleaseView.asp...03-341c2b251ae1

Ah.. So this is the reason. Thanks..

izzudrecoba :
Hi Fundsupermart,

Do you have any ideas why Kenanga Syariah Growth Fund Designated Manager was changed, from Mr. Chen Fan Fai to Chung Yee Wah? Who is this Chung Yee Wah? Is his stock-picking stratey coherent with Mr. Chen Fan Fai?

As a consistent KSGF investors, I request your kind response to my question.


Regards,
Izzudrecoba


Fundsupermart Team:
Dear Izzudrecoba,

We have the answers from KIB for your questions as below:

Mr. Chung Yee Wah joined KIIB as the Chief Investment Officer in February 2012. He brings with him more than 18 years of experience in the investment field, managing domestic and regional equity portfolios. Yee Wah started off as an Investment Analyst in 1993 and had worked in UMBC Securities and HSBC Securities (Malaysia) before he joined Abu Dhabi Investment Authority as a Fund Manager in 1998. He returned to Malaysia in 2007 and joined AmInvestment Bank as an Associate Director for institutional sales (equity). Yee Wah then moved on to UOB-OSK Asset Management as an Associate Director to manage institutional funds before he joined KIIB. Yee Wah earned a BBA from the National University of Malaysia with a major in finance.

Yee Wah, is the designated fund manager for Kenanga Syariah Growth Fund and he is a member of Mr. Chen Fan Fai’s investment team and using the same strategy as adopted by the team. Therefore, there will not be any changes on investment style, investment philosophy, or any portfolio restructuring for Kenanga Syariah Growth Fund.

The team has been consistently adopting the below investment strategies :
i. bottom-up stock picking team that meets the 3 main criteria
- Company with sustainable business model
- Run by competent & proven management
- Trading below what we consider ‘true’ or intrinsic value range
ii. Does not actively time the market
iii. Focus on long term performance rather short term volatility (eg. at the final phase of a bull market because our investment process/valuation discipline will not allow us to chase the ‘hot’ stocks).

Hope these answer your queries.

Best regards,
Fundsupermart Team

I was considering to invest in:
a) Kenaga Growth or Kenaga Shariah Growth Fund (via FSM as offer 2%)
b) OSK Malaysia Dividend Fund (via Cimb Clicks 1.5% upfront fee)

Anyone has the investment experience on these 2 funds?

For dividend fund, look at

Hwang Select Dividend Fund (up to 30% foreign)
AMB Dividend Trust Fund (up to 30% foreign)
Eastspring Investments Equity Income Fund (100% domestic)

This post has been edited by Pink Spider: Dec 6 2012, 01:32 PM

AMB Dividend trust foreign exposure only on REITs?

Not limited to foreign REITs lar, it can invest in Asia Ex-Japan dividend-yielding shares.

Okok..

which fund ? if your selling price is greater than purchase price - sales charge then why not. as long as untung

This post has been edited by aoisky: Dec 10 2012, 11:36 PM

What u are saying is that we should trade unit trusts. Well, good luck.

NO. what i mean is if your UT is in earning state you can consider sale it or pt it in long term.