E.g.

Start:
Equities RM10,000 Bond RM10,000

Equities drop to RM9,000, Bond RM10,000

Top up Rm1,000 on equities

Depends on the fund house

if equity profit a lot, then top up on bond lo

If within same fund house e.g. from HwangIM to HwangIM, usually free

If between different fund houses e.g. from HwangIM to OSK-UOB, it will be treated as a sale of HwangIM fund and purchase of OSK-UOB fund, sales charges will apply. No such thing as transfer charges.

Don't think FSM has such thing.

That's why I always try to purchase funds from the same fund house.

At the moment I see US equities being a good hedge against the drop in Asian equities, thanks to Bernanke and his QE

Singapore equities dropping like everyday occurence lately

This post has been edited by Pink Spider: Jun 7 2013, 05:58 PM

EI GEM also gone into red

Portfolio is officially in bear territory

Only OSK-UOB Global Equity Yield went up

With FSM, inter switch SC is only 2% max, for gold and silver investor it'd be max 1.5% and 1.75% respectively. I'd prefer FSM normal account to this wrap thingy if u ask me.

Portfolio performance:
1 month: -1.13%
3 months: +0.1%
IRR since commencement: +5.44%



This post has been edited by Pink Spider: Jun 8 2013, 10:08 AM

KidSave?

in what proportions?

In my portfolio, only OSK-UOB Global Equity Yield held up.

Not gonna top up or rebalance at the moment.

This post has been edited by Pink Spider: Jun 8 2013, 11:43 AM

Oh, if you're talking about ALL funds (not just equity funds), I think AmDynamic Bond also held up, maintaining my IRR at 6.16%. But this fund is already closed so out of your consideration.

Unker, why are u asking this? Don't tell me u wanna add OSK-UOB GEY into your portfolio just because of its holding up during recent downturn...what goes up must go down somehow...I'm afraid that u chase the "leader" at the wrong timing (at its peak)

This post has been edited by Pink Spider: Jun 8 2013, 11:49 AM

OSK-UOB GEY is heavy on US. And Eastspring Investments Global Leaders actually went up a lot. Cos US markets holding up, recent losses mainly focused in Asia.

This post has been edited by Pink Spider: Jun 8 2013, 12:01 PM

A: "QE pullback means economy strengthening, US economy is in good shape. Buy equities"
B: "QE pullback means less money in the economy, stocks to pullback. Sell equities"

A and B keep fighting

Bila ada???

As for myself, I still believe in the need for PGSF in my portfolio, as a "supplementary" global fund to OSK-UOB GEY. I'm thinking to substitute SOF for Eastspring Investments AP Shariah.

This post has been edited by Pink Spider: Jun 8 2013, 06:43 PM

If u were to study its past performance chart, it managed to hold up well in a market downturn situation, but when the market rallies it lags severely. Guess one of the reason would be its lack of exposure to "haram" stocks esp banking stocks.

Don't compare with Malaysian equity funds, u have to compare apple to apple. Cos recently Malaysian stocks rallied strongly.

What other equity funds u have?

PGSF lagged only in the past 1 year. If u see longer term track record, PGSF is a better performer than GL, GL look pretty only because of recent strong performance of Dow and S&P 500.

PAST PERFORMANCE IS NOT AN INDICATOR OF FUTURE PERFORMANCE!

I don't think I saw SOF during the 1% promo

Done with the switching.

1. Switching ALL of my EI AP Shariah Equity units to EI Global Emerging Markets
Rationale - Intra switching, no Sales Charge, previously paid Sales Charges won't go to waste

2. Switching 1/3 of my units in Hwang Select Asia (ex Japan) Quantum to Hwang Select Asia (ex Japan) Opportunity
Rationale - To maintain my Asia (ex Japan) funds allocation at 1/3 large caps + 2/3 small-mid caps now that the 1/3 previously allocated to EI AP Shariah Equity is switched out, and also seeing that small-mid caps have had a strong run in the recent past.

After this, my portfolio gonna be VERY HEAVY (18% overall!) on GEM, gonna slowly top up bit by bit on other funds to rebalance, let's hope that GEM esp BRIC equities have bottomed

EI AP Shariah is heavy on telco and IT stocks. My uneducated guess would be due to selldown on telco which is traditionally viewed as a defensive dividend-yielding sector. Recently high-yield stocks are hated by investors in favour of growth stocks.

This post has been edited by Pink Spider: Jun 8 2013, 10:43 PM