Tax on dividends are imputed to the unit trust fund, and when the unit trust fund makes distributions (note that I always avoid the use of the term dividend cos I also find it misleading), the tax is imputed to unitholders.

U know Section 108 tax imputation system?
Company pays tax > declares gross dividend > shareholders receive net dividend, tax imputed to shareholders

E.g.
Company tax rate 25%
Your personal tax rate 10%
GROSS dividend RM100
U receive NET dividend RM75
U can claim back RM15 from IRB

The general principles are like that. But under single-tier system, u get RM75, and that's it. No tax credit claimable.

But, more and more companies are switching to the single-tier system, dividends paid are exempt from tax. Actually not really "exempt" la, tax is charged at source (company profits), and shareholders cannot claim back any tax credits anymore.

My recent UT Tax Vouchers all show zero tax already.

E.g. U buy AmDynamic Bond, AmInvestment Services Berhad charges u management fee of 1% p.a.

The 1% is the UT company revenue/profit.

I never said that there is a sharing of profit/(loss). I only replied to you, that IF u want a share of the Fund Manager's profit, u should buy the SHARES of their holding company, be their shareholder, not to buy their unit trust funds.

sky gor1809    and    pink spider  ,

     Both have your point & both you are sifu of sifu,  basically i want to summarize is UT made attrative to uncle aunty and newbies know nuts of stock but trust those Fund manage to invest in their money in stock for return of investment gain.

1) No one point the gun to buy UT or Sifu can advice to buy which stock - Aunty Uncle and NewBies that dont know reading Financial Report so they rely on Fund Manage to the job . So Fund manager need salary for their duty the reason we hv service charge and annual fee.

2) UT come different fund theme and  standard NAV which are affordable in term minimun investment compare stock.
 
3) UT is group of stock, the NAV wont Fluctuate so huge compare stock in single day, give peace of mind for aunty uncle & newbies sleep soundly every nite.
  
4) What UT fund manager do is pick the stock sync with theme either own country or mix of countries of thousand stock in the market.

5) UT distribution not same as dividend of the stock. Even some stock fly up before the ex date and drop later. Ppl juz want the dividend then dont want  hold longer the stock. UT can disburse the dividend like stock, but UT hv financial closing and fixed date to declare the "Distribution" so call missunderstand "Dividend"   , deduct from investment given away sure the total investment will drop then the NAV reflect will drop.

6)  UT alwasy a long term investment. Left money pocket go in, right money go out.

forgive me... i said wrong and my infor give not the same thought. Im juz an IT    guy staying late at office answer both your   argument.

somtimes ppl said timing not good - but i would like said made own target price NAV or STOCK i want to enter, else my money park under bond or FD. Like wise during 2008/2009 financial crisis i got put my EPF investment to UT. Now  gain 30% - 40% purchase @0.50NAV Public Mutual Regular Saving. I do invest other fund like OSKUOB AREF, this fund performance not so good for my case.

When come to opportunity is the person to take the risk to invest. Yes when i invest i do drop below the NAV i bought - slowly come up and above the NAV. Same to stock. Investor my evaluate is the TP or NAV of stock or UT is attractive level like sky 18909 mention.

What every go up can come down to NAV or Stock - all come to few below reason
1) Business failure - when come to crisis like renong 1997, AIG bailout ,alot business impacted when Too Big to Fall happen.
2) Investor play contra when one  digging other stock hole to cover another hole. The not choice to sell their stock
3) Banking and Insurance & MNC are interlink to worldwide market, if one country hv flu their neighbour will get the same sickness.

Previously i invest in UT - now i hv opt to switch to stock becoz the my wisdom gain from sifu about that give me confident when and what to invest in stock.

When NAV drop becoz of market momentum bad we cant blame Fund manager for those aunty uncle and newbies not realise the prospetus mention the market momemtum drive the UT NAV. UT is a collection of stock of mix countries market of theme invested by fund manager. I do loss money in UT especially PCSF  dam  really upset me becoz montly i hv do DCA to break even and take myself to be PM agent to cover the clawback  the service charge as comission

Buying stock or UT dont rush - no point chasing hight when come down up to individual to accept the capital loss. Juz wait the ccomfortable price to enter - else play short buy low and sell high later cut loss.

My theory may not work or agree by other which hv their own theory investing. It juz my way and juz my money.
Noting right or best - but up my fate to brass the stormy financialy & economy.

2sen    wind after wake up in the morning on sat.

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thats why must READ FORUM LOWYAT - FINANCE, BUSINESS & INVESTMENT.
made own judgment what to pick.
UT FUND MANAGER never guarantee return
never Trust Research IB TP calling buy or sell.

:nod:Boring reach office after lunch filling income tax.

No not ETF.. UT lor...

Ya lor I see so high performance.. i also scared.. buts seems legit.. cause morningstar give 5 star. 

Gains since Inception (1997) = 5,578.38%....

Im not sifu, juz luckily and stupid UT investor.

my concept different other like pxxk sxxxxr or wxxxxxxxxxxg.  i top up after distribution 1-2 month.
Buy new fund or fund NAV below the launching NAV. Any above NAV launching not interest juz wait for crisis or put in BOND fund.
I didnt calculate which fund history result of XIRR or ROI.

I have few fund at Public Mutual , did the repeat cycle during 2007- 2011 for equity fund.
Now juz i move 60% to bond fund left 40% in equity. I didnt do any transaction to PM anymore.
Becoz i purchase a condo, that my PM as my emergency money reserve paying 1/4 loan.

I move UT to STOCK counter like reits & telco. 2011 is full time saving/investing in stock counter only.

What i interest is Fund Interim report show their purchase price of the stock.

My stock return is better than UT. becoz I know what the big fund holding price.

True. A fund house got a number of investment managers, each with his own set of skills and expertise. Hence, its only normal that a fund house will have some winners and some losers.

No lah ... want to learn earn a bit of KFC from sifu here mah...

Recently saw 1 UT...0.5% management fee, 2% purchase fee... 5 years gain = 332.76%... YTD (3 months) = 14.73%.

Seems like gooding?  Scared to buy...

U mean hedge funds? Need to be accredited investor.. minimum 1 mil USD. Sinkapor also got...

m'sia dont hv ..gark and sky gor can open fund company at m'sia.

This few days red red day?

Japan has been pretty bullish for the past few weeks.

Asia ex Japan doesn't necessary to be heavily in China/Hong Kong.

Yes but Japan equities are pretty volatile and its only nation has no faith over Abeconomics.

Read this article: http://biz.thestar.com.my/news/story.asp?f...27&sec=business

Pray today red red kaw kaw, tomorrow last day oredy for the diskaun

Aiya buy la buy la, lazy to monitor Hang Seng and STI for the rest of the day

How it's like?

What if u purposely fail the assessment?