I don't expect a PM agent (or ex-agent?) to be asking this

With Feeder Fund AER calculation, some fund houses do it differently, thus u have to read the prospectus and/or fund report carefully...

Eastspring take the Target Fund expenses as part of investment profit/(loss), thus the AER EXCLUDES Target Fund expenses.

Some Fund Houses take total (Target + Feeder) expenses when calculating AER.

I guess also due to the arrangement between the TF and the FF...if they are related like OSK-UOB (now RHB-OSK) to UOB Asset Management Limited, the TF may refund all expenses to the FF.

Put some numbers to work...

E.g. Fund Size RM100M
Feeder Equity Fund charges 1.80% Management Fee. Target Equity Fund charges 1.5% Management Fee. There is no double charging of management fee.
During the period, FEF are 90% invested in TEF, balance 10% in cash.

Fund Management Expenses would be sum of
(a) RM100M x 90% x 1.80% (1.5% is paid to Manager of TEF, 0.3% to Manager of FEF)
(b) RM100M x 10% x 1.80%

I THINK I'm right and hope this clarifies

how to buy SG UT in near future?

hi can anyone correct me if am wrong, I am now looking for bond fund  hence if i am looking at EastSpring Global LeaderMY Fund, am i doing it right? EastSpring Global Leader Fund=Bond Fund. Thanks in advance. Thinking of switching from Hwang Select Bond to EastSpring. I do have AmDynamic well but not much and do you think it will be a duplicate to EastSpring in term of their portfolio investment? 

Hello people, been learning on how to construct my FSM portfolio lately since I'm new in the UT market. As I know that diversification is KEY, building a well balanced (as per my risk appetite) portoflio is there crucial. However, I have a few questions and hope some of you gurus can help shed some light.

Assuming I only have a minuscule capital of RM3k to begin with (of which 1k is already devoted to Kenanga Growth Fund), I am planning to devote the remaining into into Bond fund (1k - eg: AmDynamic) and  into an equity fund with global exposure (eg: Aberdeen Islam World fund). I am targetting a 60% equity and 40% bond portfolio in the near future. Assuming I follow my strategy above, it would mean 33% in Bond and 66% Equity, which I believe it is a comfortable range. Do you guys think this is a good strategy? Is it too Malaysia focused? Seeing both kenanga and am funds are domestic (i.e  66% domestic), do you guys think it's diversified enough?

Also, in terms of funds allocation, as I just began working, my income stream is still quite minimal atm, but I'm aiming to save at the range of RM1 to RM1.2k per month, so my question would be; should I use that 1k to acquire other funds to achieve a more diversified portfolio or should I just use that money and save regularly into those funds via the RSP program.

Speaking of which, what are your thoughts of the RSP program? Is it worth it to continuously top up abt RM200-300 into each of my respective funds, bearing in mind that there's always the sales charges involved? Or should I wait and accumulate more capital (and more importantly, experience) to see when is the right time to top up? I know that regular top ups are important to achieve Dollar/Ringgit Cost averaging but, with such minuscule amount, is it even worth it? 

Sorry for the long winded post but I have been trying to read and gather as much knowledge as I can before asking any questions so I hope you guys could help cast some knowledge into a newbie like me! Also, if there are any funds that you guys think have more upside potential, please let me know too

p/s: I'm starting to regret devoting that 1k into kenanga growth fund but I still have some confidence in the malaysian market, although admittedly I was attracted by its ridiculously good performance over the past 2 years, which I believe seems to be coming to a downtrend now.  Thoughts?

Thanks a lot peeeps and happy investing!

fixed income so much?! just locked profit?

Correct me if I'm wrong, I thought with EPF monies, when u want to do inter-fund house switching, u have to sell and return to EPF and then to do another purchase transaction? I.e. u cannot do direct switching, have to sell first.

And also Eastspring Investments Global Leaders

AmInvestment? They're not well known for their equity funds...AmDividend Income?

Sadly, this strategy cannot work for HwangIM and RHB-OSK, HwangIM got no EPF-approved bond fund, whereas RHB-OSK's EPF-approved bond funds doesn't allow intra switching.

Eastspring equity funds are all 100% jaguh kampung

HwangIM and RHB-OSK got foreign-exposed EPF-approved funds.

Wow! Cannot wait worrrrrr....faster more better.

Hwang Select Opportunity did commendably...it's up to 30% exposed to foreign equities, thus EPF-approved.

RHB-OSK Emerging Opportunity Unit Trust also similar, but it's a small-mid cap fund.

Hey u forgot RHB-OSK Global Equity Yield, it's a locally-managed global fund, it managed to track benchmark quite closely!

Yes i'm actively invest for all my disposable income. Thank you for your advice because currently i only trade in stock market. Intend to allocate some funds into UT to diverse my portfolio so it wouldn't 100% in shares.

However from my understanding from UT have to balance and switching quite often. How true it it and what should i operate that?

Yes. I'm aware of that equity funds are major in stock market. I do read each fund's prospectus and fact sheet for their exposure.

That's confuse me actually. They told me to review every months but never tell me what's the definition of their review. Check performance, funds ratio & market trend is it?

To share with u, the purpose of me having an UT portfolio on top of my stocks portfolio is to DIVERSIFY.

Hence, my UT portfolio is majority foreign-exposed.

Review? A few types of review.

Compare your funds performance vs
(1) their peers
(2) their respective benchmarks

And u evaluate the performance of your portfolio as a whole vs other investments e.g. EPF, FD or even your own stocks portfolio. E.g. if your UT portfolio did worst than even FD, perhaps its time to forget about UTs and just park all in FD. But beware of over-short-termism, though. UTs are meant for long-term investing, not short-term punting. My portfolio once saw -25% during the peak of 2008-09 financial crisis, mind you.

E.g.

Your portfolio is 50% Fund A, 25% Fund B, 25% Fund C
If u intend to top up every month, top up in the same proportion i.e. 50/25/25

Every 6 months u bring the proportion back into original plan, e.g. Fund A outperformed i.e. went up too far, then u sell some of Fund A or top up more into Fund B and Fund C.

Woi, dah faham my AER calculation and explanation for EI-GL? Where got 0.2% AER so cheap