This fund only recently showed great return... it was a so-so fund previously. The fund manager managed to spot some great buy prior to the local stock-market rally. Hence you see their tremendous upsurge recently.

Personally I would not buy this fund yet, if they showed consistent result for a couple more years, then I'll go in. In the mean time, for local fund, stay with Lee Sook Yee fund or Chen Fan Fai's fund.

Xuzen

What happened? My off-shore global fund dropped banyak wor....

Xuzen

Lee Sook Yee is the fund manager of Kenanga Growth Fund whereas Chen Fan Fai is the Chief Investment Officer for Eastspring Investment Berhad (the investment arm of Prudential Insurance).

Mr Chen was from Kenanga i.e., Ms Lee's ex-boss.

Lee & Chen are like the Warren Buffet of M'sian equities.

Xuzen

Eastspring Small Cap for the Vrooom power.

Eastspring Income Equity (Large cap dividend fund) for the stable growth with minimal volatility.

Xuzen

I am a Hwang-PRS contributor since inception so let me pen my thoughts on this matter.

I am tempted to contribute to Hwang-PRS Shariah Growth Fund which is essentially a daughter fund of Hwang AIIMAN but I did not.

For me, my portfolio is too overly exposed towards M'sian equity via my EPF-MIS. That is why I went for Hwang-PRS Growth instead plainly for diversification as that one has exposure towards Asia Ex-Japan.

Hence again it all depends on individual, if you are not overly exposed to M'sian equities, than Hwang-PRS AIIMAN is a great investment vehicle. As for my situation, even though the numbers favours AIIMAN, I have to contribute to a lousier fund in the name of diversification.

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I have just halve my KGF holding recently. I wanted something that is more overweight on banking & O&G sector going forward.

Bye Ms Lee Sook Yee.....

Yoo Hoo... Mr Chen, Mr Chen... can I see you for a sec...

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Where got leh? My fund SD 8% only wor... moderate risk.

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This One!

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he he he.... I am still holding Ms Lee Sook Yee fund. it is just that I wish to have greater exposure to finance and banking sector hence I move some to Mr Chen's side.

KGF is heavy on trading/services sector and plantation. No doubt it is a good fund and I am still holding it. Why only eat one kind of food when you can have the whole buffet!

xuzen

Feed me, feed me.... Buuuuuuuuuurp!

Not all unit trust are created equal. My wife's port is doing 13% ++ and she invested at the same time as you, I.e. Early June 13.

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I dumped my AMDynamic Bond two mths ago and transfer it to AMIncome Plus.

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Huh? My website page show CMF as 2.35% wor. That is why I still go for AMIncome.

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Never underestimate the lure of distribution to lay-person aka uncle and aunties.

To them, distribution = dividend. Manyak syiok wan.

Something for those UTC to talk about. "Hey auntie, auntie... see, your unit increase ady. Good rite?"

UT without Dividend ahem... I mean distribution is boring lar... like those stupid Insurance Investment Link type, never give distribution wan... NAV hit RM 3.XX... crazy wan.

Psycho psycho... investor where got wanna buy leh?

Xuzen

Don't lar curse and hex.... It is all about cari makan only. I mean let's look from a psychological point of view. Every day ask money from uncle & auntie, never give anything.... Lama lama, customer sure boring wan.

They will kow peh kow bu... Why stockmarket got dividend, UT boh eh? Very potong stim wan lar!

That is why UT company in order to play the game and pander to the retail investors come out with something similar, called it distribution and voila! Customers happy, UT companies happy, agents pun happy. And all live happily ever after!

Xuzen

P/s Disclaimer: I am a UT agent but mainly for myself (to lower cost of transaction and for close family members and friends) I stopped acting smart and telling about how distribution is just an illusion. I just go with the customers level of smartness and play my role I.e, "Wah! Distribution Lai liao! Hoh Sei!"

This post has been edited by xuzen: Jun 14 2014, 07:00 AM

Let me be clearer. It is not easy to explain (try that already) to lay-people distribution is nothing i.e., left pocket to right pocket. So it is easier for me to just play along to their level of understanding. I am not acting superior nor inferior. I am just trying to come on par with their level of understanding.

Don't be so butthurt... go get yourself a KY jelly.



Even if the NAV is RM 3.50/unit (E.g. Manulife managed UT), and you only have RM 100.00 to invest... you still can invest i.e., you get 42.8571 units which works out to be RM 150.00. The affordability is psychological.

Actually, the best UT can be quantified. Academians will say the best UT will be those that sit on the efficient frontier as defined by Markowitz Modern Portfolio Theory. The tools that measure the best UT are Sharpe, Sortino and my fav... Modigliani Ratio. But try telling that to uncle and auties. Waste saliva only.

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It is all relative. If your RM10k is 1% of total investable asset, then it is not lump sum, more like DCA.

If this RM10k is 50% of your total investable asset, then it is considered lump sum.

I have client who has half a mil investable asset I asked him to put in RM 10 to RM20k per mth, the rest put into money market first.

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p/s I have client who is withdrawing close to RM2,000 per mth from his portfolio (just profit alone without touching the principle) and he does not have to wait for distribution, I just sell his equivalent units. Who says unit trust cannot make money wan?

What I am trying to get at is, despite the negative perception about unit trust, I have seen with my own eyes, investors who manage to generate another stream of income through their investment from unit trust.



This post has been edited by xuzen: Jun 16 2014, 10:29 PM

RM450k. That is like a conservative 5.5% per annum. And this is only touching his profit, I mean, if he continues like this, technically his asset is perpetual.

Xuzen

This post has been edited by xuzen: Jun 16 2014, 10:32 PM

I wish to impress upon you guys, RM450k post retirement is quite achievable. It is very close to reality. I mean, given a regular Joe who start work around 21 y/o and contribute to EPF, by the time he retires, he easily can get half a mil. If you are a high income earner, two mils is a reality post retirement.

The person above so far is 90% fixed income and 10% equities. My target for him, via DCA is 70% fixed income. His RM 2,000/mth income stream has potential to grow.

j.Passing.by, 4% is too low, you owe yourself to make your money work harder. Aim for around 6% nett of fees.

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Managing UT is not just about getting the best ROI, it is about managing client's expectation. I cannot put high percentage into risky fund for a retiree. There are other factors for me to consider.

If I want to get 12% p.a ROI, it is quite simple, just increase the equity portion. In fact some of the good local funds hit 20% p.a. for the past three to five years.

Xuzen