hehe, sorry on the confusion... YTD should read year-to-year.

Yes, IRR is time weighted and annualized.

Small cap going down another 3% in one day... where's the panic button?

Is that 1-day drop?


FTSE small caps peaked at about 19,200... at the moment, around 16,000 level, 17% down.

Before last year's GE, it was rather flat around 12,500 level before shooting up to 14,500-15,000 and continue its climb to its peak 2 months ago.

Too much goreng-goreng by retail and institutional investors?

Will it go to 12,500 - 14,500 level?

Here's my 2 cents on the IPO thing - I don't see what's the euphoria about... its quite meaningless unless it's introducing a new market sector.

It's not like a new company is about to be listed... and its initial offer price is deliberately set low to entice investors. It is a new fund that that's about to buy up shares of existing companies in the market. Nothing new... and it cannot offer lower prices ie. it cannot buy up shares in bulk and offer them to you at any discount.

Management fees has a set minimum, it is only above this minimum that the standard management fee ratio will kicks in. The 1st batch of investors will bear this minimum operational costs when the volume is below this threshold.

It looks and sounds similar, but they are not the same.

Public Mutual tracked the units, and only the units... no matter how the units are converted, they are still loaded units. (And any growth or distribution on the units, the added units are still "loaded".)

The FSM credit system is on the value of the switch in RM amount.

For example, if you do a full switch from fund A to fund B, and then back to fund A... you have to be aware how much credit you have. (And fund B has a lower sales charge than A.)

If the value in fund B has increased, and when you switch all back to fund A, the value of the switch is now more than the credit. Since the value is more than the credit, the credit will be set aside for this transaction and the difference in the sales charges* will apply.

From FSM FAQ: http://www.fundsupermart.com.my/main/faq/faq.svdo?id=2001#10

"With the remaining 6,800 credits and you would instead like to switch from a lower tier fund to higher tier; Fund D(1.5%) to Fund E(2%), with an amount of RM30,000, the credits that would be deducted will be 12,000 units x RM2.50 x 0.25= 7,500.

Since the available credits are not sufficient, thus this switch will be charged at the normal tier charge of 0.5%. The 6,800 credit remains to be utilized for future switch transactions."

============

*correction: it is not on the 'REAL' difference between the "sales charges". FSM has a table on the credit formula and how it is determined... see the above link.

This post has been edited by j.passing.by: Oct 27 2014, 04:23 PM