Hi, has anyone noticed that the value in "Cost" column in the holding screen is not accurate?
I recently switched out part of the units to another fund and I noticed the "Available Quantity" is correct but the "Cost" value is lower than what I calculated myself.

The "Cost" value of the fund I transferred to is correct though. So where did the missing amount go to?

This post has been edited by itsybitsy: Jun 12 2013, 12:39 PM

Yes, and the cost is still RM1,000 right?

And if I do a switch sell to another fund within the same fund company, say for RM460. The cost of this fund should be reduced to RM540?

Well, I do my own calculation in Excel and the values in the FSM table are correct for the rest of my funds, except for that one.

I mean the "Cost" column in the FSM holding screen.

To me, cost is the cash money that I take out to buy units. It is already inclusive of SC because the number of units I received is after deduction of the SC.

This post has been edited by itsybitsy: Jun 12 2013, 02:59 PM

I don't think cost is affected by NAV. I'm using the nett amount.

When I first bought the fund, I saw the cost column reflects the amount I transfer-in, i.e. RM1,000. So, I assume that after I sell RM460 of the fund, the cost would be reduce to RM540.

I received explanation from FSM.

The "Cost" column is calculated using Available Quantity multiplied by Weighted Average Cost (WAC).

WAC is calculated using gross investment amount divided by Available Quantity.

Example:
Bought RM1000, received 1754.58 units.
Available Quantity is 1754.58.
The WAC is 1000/1754.58=0.5699369.
Cost is 999.9998. (after rounding up, it's 1000).

Later, sell 500 units at NAV 0.568 (intra fund no SC). Now the number of units is 1254.58.
The WAC remains the same. So cost is now 715.0314.

My calculation:
500 units at NAV 0.568 is worth RM 284. When I deduct this amount from the initial RM1000, the remaining is RM716.

There isn't much difference when the amount is small but can notice the difference when amount gets bigger.

You are aware that AGEF is 2/3 Asia and 1/3 G5 (US, UK, France, Germany and Japan). Means you're also increasing your current Asia exposure.

I just bought EI GEM last week.