HwangIM = Hwang Investment Management company

Today top up...

RM100 EI Global Emerging Markets
RM120 OSK-UOB Global Equity Yield
RM100 Pacific Global Stars

Now my portfolio cun-cun 33% equity funds

This post has been edited by Pink Spider: Mar 15 2013, 02:41 PM

My target investment allocation:
75% unit trusts
25% Malaysian equities
Bond 50:50 Equity

In order to achieve 50:50, I need to overweight bonds in my UT portfolio, thus 66% in bonds (66% x 75% = 50%)

But I've just deployed about half of my allocation for Malaysian equities, the other half wait for pre/post-GE kaboom

This post has been edited by Pink Spider: Mar 15 2013, 10:29 PM

Just my opinion la ha...

If u study FSM Malaysia and FSM Singapore Recommended Portfolio, did u not notice that there isn't a single mixed assets/balanced fund?

If u can afford to build a portfolio, u have no need for a balanced fund, because YOU yourself can do the "balancing" on your own, at cheaper cost.

Balanced fund fits those who cannot afford the time and/or capital to maintain a portfolio.

And the equity portion of your portfolio is quite Malaysia-heavy (KGF is 100% Malaysia, ADTF is 70% Malaysia), and u got 0% exposure to US and Europe.

Just my 1 sen worth of comment

This post has been edited by Pink Spider: Mar 16 2013, 09:47 AM

Those are all historical measures, backward-looking measures. You should also look at forward-looking data like growth potential of the various regions/markets.

US and Europe may look expensive relative to Asian and Emerging Markets, but u must not leave them out totally.

Malaysia is an Asian market, but Malaysians wear adidas shirts, drive Mercedes-Benz and Volkswagen cars, buy Michelin tyres, Prada and Gucci, right? And those brands are listed in US/Europe.



If u don't wanna have a too complicated portfolio to start with, u can just pick a good global fund and let the Fund Manager do the asset/region allocation for you.

Pacific Global Stars is one u can consider.

This post has been edited by Pink Spider: Mar 16 2013, 12:30 PM

Calling wongmunkeong and other investors who have invested EPF money in UTs...

The 1st time u withdraw, do u withdraw 100%, or did u divide into portions?

E.g. excess savings in A/C 1 is RM50,000, thus amount that can be withdrawn is RM50,000 x 20% = RM10,000. Do you take out the whole RM10,000 and pump into UT at one go, or do u take out a certain portion only?

Let's say 1st withdrawal take RM10,000...
3 months later, can withdraw another (RM50,000 - RM10,000) x 20% = RM8,000 (assuming zero contribution just to make the illustration simple )
Then another 3 months later, can withdraw (RM50,000 - RM10,000 - RM8,000) x 20% = RM6,400

If 1st withdrawal take only half, can “smooth" the withdrawal amounts...

E.g. 1st take 5K,
Then 2nd withdrawal can take (RM50K - RM5K) x 20% = RM9K but only take 5K again
3rd withdrawal can take (RM50K - RM5K - RM5K) x 20% = RM8K but only take 5K again

Too used to small top ups with my cash investments, now ask me take so much to invest at one shot I feel

But I've no problem clicking "buy" when I buy Ping Pong crackers share with close to RM3K

Add: I see EPF already has holdings in most of the KLSE big counters...shall I go for small cap fund like OSK-UOB Emerging Opportunity Unit Trust, or a non-restrictive fund like Hwang Select Opportunity Fund?

This post has been edited by Pink Spider: Mar 17 2013, 05:07 PM

Kaka u always like to ask such open-ended question...how u expect ppl to answer u?

- Malaysia-focus
- Up to 50% in Asia Ex-Japan
- Won prizes before

What else can I say?

If u stayed away from Hwang SOF because of its 30% limit on foreign investments (EPF restriction lo), OUET might suit u cos its limit is higher, 50%. It might be a good combo with Hwang AQF, and its past performance and volatility quite similar to Hwang SOF's.

Kaka u got EPF investments in UTs? Can comment on my question?

I -ed at that

I wonder if your PM agent is a hot chick will u do differently

Ya la, 1 shot pump in, if timing tak cantik bought in at market top, sakit yo
Now pondering to withdraw 1/2 of eligible amount or even smaller, 1/3 every 3 months, dollar cost average the entry

wong seafood always abundant of naughty ideas

Thx!!!

At FSM, currently only HwangIM and OSK-UOB got equity funds that can invest up to 30% in foreign assets. HwangIM and OSK-OUB got no EPF-approved bond fund to pakai your method

I guess I'll just DCA every quarterly.

Now the next headache, go 100% into Hwang SOF (unrestricted mandate), 50% Hwang SOF + 50% OSK-UOB Emerging Opportunity Unit Trust (small cap), or 100% OUEOUT

Not gonna repeat the answer over and over again, pls dig previous posts

And my siggy got such a useful resource u dunno use

This post has been edited by Pink Spider: Mar 17 2013, 09:08 PM

Actually FSM MY also got platform fee, but its already priced into the management fee by the Fund Houses.

I know, u do constant switching in and out of equities

I plan to go all out on equities with my A/C 1 excess, not gonna go for bond/balanced, defeats the purpose of EPF withdrawal if getting returns of lesser than/matching EPF

That day at FSM Silver & Gold investors appreciation dinner, we did pop this question to AMB CEO:

"Aside from Sales Charges, what are the other (if any) income for FSM? Surely they cannot survive on Sales Charges alone, esp considering that there are also a lot of zero Sale Charge funds being sold..."

Answer: Fund Houses typically have arrangement with IUTAs (Institutional Unit Trust Adviser) like FSM whereby the IUTAs will take a share of the annual management fee being charged

How's your portfolio breakdown like? i.e. how much % in bonds and how much % in equities

Mine is 6.3% currently, started investing in 2008. I'd say my IRR was dragged down by mistakes in 2010 (overly aggressive in equity funds and exited at/near the bottom), and I'm quite overweight bonds.

This post has been edited by Pink Spider: Mar 18 2013, 01:49 PM

No separate platform fee is chargeable to investors, I've been with FSM since 2010, confirm yilek/tarak/bo

Wow...master market timer

The thing about portfolio approach to UT investing is that u need not actively manage your investments, can just leave it on auto-pilot with periodic review and rebalancing. Of course, such approach will not likely beat the returns that u have achieved by timing equity markets.

Different cup of tea for different risk appetite.

9% and u still wanted more?

4 days of gains wiped out in 18th March

Alliance GEF = very diversified, 64% Asia Ex-Japan, 36% G5 (US, UK, Germany, France, Japan). The Target Fund (Fullerton Global Equities) remain invested at all times, thus little downside protection, but when the market rallies, the fund rallies
CIMB Titans = Focused on US, Europe and Japan, virtually zero exposure to Asia Ex-Japan

My portfolio % on US and Europe is still short, but the ones got hit hard by the selldown were Asia Ex-Japan and GEMs, how to top up

This post has been edited by Pink Spider: Mar 20 2013, 08:19 AM