Thanks, yes I know I should build a portfolio of a few funds, I'm still new here, and only starting to build my portfolio. In the coming next 6 months I'll invest in 3 to 4 funds. Reason why I look at more risky fund is because partly I'm still in my mid 20s and I think I can afford riskier investment after all other commitments have been met.

Can my portfolio consist of say 2 or 3 riskier funds and 1 or 2 balanced funds? I'll start small.

Today's seminar conclusion:

1. OSK-UOB speakers is bullish on small cap either in locally or Asia Ex Japan.
2. Hwang DBS speaker is still bullish on Asia Ex Japan and promoted their two star Asia Ex Japan funds.
3. Eastspring speaker talks about China but no impressive outlook or strategy from them.
4. FSM speaker emphasize on developed market.

One of the speaker mentioned that they expected the wave to shift from ASEAN to North Asian (Greater China) region in early 2013 and that doesn't take place.

PGSF?

HSAQ is 75% in Malaysia EQ and 25% Asia in small caps helped by participating in IPOs....
HSAO no mandate but currently about 30% in M'sia Eq,.....can be influenced by news of US and China mkts

HSAQ is 75% in Malaysia
from fact sheet (Fund Objective)
fyi, do you mean to ask HSAO?
HSAO is now at 30% m'sia allocation

OOPS, sorry, wrong interpretation:
75% in companies with mkt capitalization of < USD 1.5 illion
25% in companies with mkt capitalization of < USD 3 billion

not 75% in M'sia...where the ##^& did I see that?

thanks for correction....now I need to replan where to shift my portfolio
HSAQ or HSAO? (small cap or big caps) risk level no same, returns also no same..

My wild uneducated guess -

Bond no longer works as a "portfolio stabiliser" in this low-interest rate environment where the market keep guessing when will US raise (or should I say, NORMALISE?) rates. US equities were a good hedge against Asia ex-Japan and GEM in the recent times.
To be exact, 12% US + 12% Europe (UK + France + Germany) + 12% Japan = 36%
They must be including RHB-GS US Equity to boost US exposure.

STILL thinking whether to switch from PGSF to AGEF, PGSF seems to have found a (relatively) stable footing lately.

PGSF gained about 2% in past 1 month, while HSAO flat. But u look at 3-, 6-months, PGSF totally koyak

For:
I want to increase my developed Europe exposure, which is now at merely 9%

Against:
Europe and US were resilient lately, whereas Asia ex-Japan still not yet really recovered from recent selldown, thus still quite attractive. If REALLY want to switch to AGEF, why not do it after Asia ex-Japan recovered more?

Dilemma

I will top up HSAQ and HSAO next week before promotion ends. My target is to reach 1:1. Currently is 3:2

1:1 is just convenient to monitor and review

If u risk-averse, better HSAO 2:1 HSAQ
If u adventurous, can HSAO 1:2 HSAO

Do bear in mind, what HSAQ can buy, HSAO also can buy
But HSAQ cannot buy everything that HSAO can buy

So, IMHO, better to keep 1:1, there may be times when even HSAO might even go put significant % in small-mid caps.

june fact sheet.
AGEF has US is 11.6% allocation
PGSF has US 16.7% allocation

Changing mind ?
I was think to get some Global Fund to invest in PGSF or AGEF ? what do you think

From what I understand, PGSF takes a "value" approach to stock picking.

What does "value investing" mean? It means buying stocks that are trading at below their intrinsic value, i.e. buying good companies trading at attractive valuations.

But in this IT era of free-flowing information, when exactly can u achieve this? By the time u found out, many others would have done so too.

It usually occurs when a good company is in (short-term) trouble, e.g. a product did badly, production got some hiccup, sales growth were stagnant lately etc.

Putting this into context of PGSF, Pacific Mutual ("PM") would look to buy into good companies whose stocks got beaten down for some reasons, hence their recent overweight in Australian mining stocks and China H-shares. They do so believing that it's just a matter of time that the troubles will pass, these companies will realise their fair value.

So the questions now are,
WHEN WILL THE TROUBLE PASS?
CAN YOU WAIT IT OUT?

Food for thought to help with your selection process

Eh, u went direct to Pacific Mutual's website? FSM haven't uploaded June fact sheet
Yes, gonna give it some more time, maybe when OSK-UOB GEYF kaboom (which I hope would not happen ) PGSF will take over to keep the ship afloat

How about maintaining PGSF as it is now waiting for the trouble pass while top up occasionally to VCA, and get some AGEF to combo your Global Equity Fund?

U sale all of your PSEASF ? Why no longer keep PSEASF?
Isn't it PSEASF price just on the way up again and HSAQF reach new height?
I still maintain both.

I am worried on my AmDynamic Bond.. been down pass 2 weeks. My equity kept my overall portfolio afloat but still not yet reach the peak that I reach in May.

Anybody is keeping big percentage of bond in their portfolio? Planning to move to equities?