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 Fundsupermart.com v8, The MS Excel Masterclass version!

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aurora97
post Jan 16 2015, 04:35 PM

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I need recommendation for CWA/CIMB, MenuLife and AmInvest agents.

Direct company sales force preferred. Drop their contact in my PM.

Mucho gracias, arigato, gam sia hamida and thank you in advance

This post has been edited by aurora97: Jan 16 2015, 04:36 PM
aurora97
post Jan 19 2015, 09:25 PM

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QUOTE(Pink Spider @ Jan 19 2015, 09:20 PM)
Russia impact won't be big, as at Nov-14 fact sheet, Eastspring GEM only has 2.4% in Russia.

Only thing is...got ripple effect or not? hmm.gif
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China more like knee jerk effect, once in a while scandal shock sendiri.

Russia more or less in line with expectation, uncle Sam still putting russia in cold storage.

Better invest in India...


aurora97
post Jan 20 2015, 08:29 AM

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QUOTE(yklooi @ Jan 20 2015, 08:22 AM)
even after giving them, mooncakes, chickens and biawak shit (that contain coffee beans?), and last time coconuts too....but due to flooding,..coconuts sudah habis di makan.  tongue.gif
ya-lor, have to help him mah,...poor souls, else he would still be think he is correct with the misconceptions and egoistically still answers "yes" when people asked,,,,Sure-boh?, where did you checked this theory?
hmm.gif could it be the once in the blue moon thing (like the monthly women thing) that cause this blockage of the mind or just plain brain jammed?

some are GOOD at giving answers,
some are GOOD at trying to give answers,
some are GOOD at the sides waiting for answers,
some are GOOD at thinking the best ways to answers,
some are GOOD at not thinking, not knowing what to answers,
some are GOOD at providing not relevant answers,
some are GOOD at thinking of what/how to answers,
some are GOOD at still thinking or what/how to answers

thumbup.gif in conclusions...Found MANY GOOD people out there.  notworthy.gif  notworthy.gif

"When you stop learning, stop listening, stop looking and asking questions, always new questions, then it is time to die".... Lillian Smith
"And I like asking questions, to keep learning; people with big egos might not want to look unsure"...... Heston Blumenthal
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Win oledi...
aurora97
post Jan 21 2015, 08:13 AM

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My 2 cents...was talking to an agent the other day, I sort of agree with his statement...

UT is meant for capital preservation.
Insurance for wealth protection.
Will for estate distribution.

Nothing above suggest that one would make extraordinary profits.
aurora97
post Jan 25 2015, 02:56 AM

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QUOTE(yklooi @ Jan 25 2015, 12:04 AM)
nod.gif  thumbup.gif  Just ignore the mgmt. fees calculation. Nav published is NETT. except some fund has this EXTRA fees..
Performance Fee and Hurdle Value.
Performance fee of the Target Fund, namely the China Select Fund is 10% of the appreciation in the net asset value per unit during the relevant performance period above the high watermark of the Target Fund.
I got no idea what that is.....
http://www.affinhwangam.com/investment-sol...ina-select-fund

I guess this fees can be exempted from the Excel file like the Mgmt fees.....b'cos I believes this fees deduction will be "hidden" unseen...the published NAV is NETT too...hope I am right.
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Unlike normal UT, management fee r charged daily and reflected in the fund NAV. So no matter at what point you exit, you would have paid a pro rated management fee, trustee fee etc...

The fund you mentioned only charged an annual management fee because its performance based. That means all fees r accrued (but not chargevto fund) up until 31 Dec and also they need to determine whether the high watermark has been breach, if yes, manager will be entitled to 10% of the excess. If othwerise, manager gets nothing.


aurora97
post Jan 26 2015, 05:42 PM

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this forum thread really open my eyes to fundsupermart.

just open an account with them and now waiting for activation.

Thanks everyone smile.gif
aurora97
post Jan 26 2015, 07:01 PM

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QUOTE(Pink Spider @ Jan 26 2015, 05:58 PM)
Please elaborate more hmm.gif

What extent/things do we open your eyes? blink.gif
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I was very skeptical at first about fundsupermart, it looked like some funky one hit wonder kind of service provider without any backing. That was like 5 -6 years ago, i was still noob (still is but upgraded to newbie status) with unit trust fund.

it was not until I joined UT company, I found out who iFast was. I still didn't believe in Unit Trust at that time until I invested in my first unit trust scheme, PRS. That also, i needed for tax deduction only.

it was only when i joined this thread that i got to know fundsupermart's backer (owener) is iFast.

Eye opening... I like the open platform concept, can swing from tree to tree at my finger tips.

I am like shet, why didn't i join sooner. I guess better late than never.

doh.gif
aurora97
post Jan 27 2015, 12:38 PM

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QUOTE(polarzbearz @ Jan 26 2015, 07:14 PM)
Actually who's iFast? I'm like you also, was skeptical with fsm and I'm still worried, what happens to me investment if suddenly one day fsm / iFast close shop? Altho it's highly unlikely but still scared sweat.gif
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Who is iFast?

Source of spoiler here> SOS chili padi

» Click to show Spoiler - click again to hide... «


In terms of size, iFast is massive. Business wise, i think very low overhead, since they are selling someone elses product for a fee. Only exception, all it takes is one incident of fraud or negligence to take it down. Assuming everything goes dandy, it's a viable going concern.

FSM/Ifast is categorized as an IUTA (yes, surprisingly). Monies which have been used to purchased unit trust funds are secured because it has entered the trust environment and under the purview of the trustee. Whereas, monies which are in iFast general collection account would be in a bit of a limbo.

So why did I mention IUTA in the first place? Now, this structure came about because banks do not want to share client information with UTMC. Mostly cited BAFIA (predeccessor of FSA) but the actual reason is because they don't want UTMC to poach their Client. Yes, to the bank, we are the goose that lays the golden egg.

If an IUTA goes bust and the UTMC does not have personal and transaction information of the investor, how would a UTMC be able to make any payment to you or recover monies paid into a general collection account?

This post has been edited by aurora97: Jan 27 2015, 12:42 PM
aurora97
post Jan 27 2015, 12:50 PM

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QUOTE(Pink Spider @ Jan 27 2015, 12:43 PM)
iFAST Capital is also registered with the Federation of Investment Managers Malaysia (FiMM) as an Institutional Unit Trust Adviser (IUTA).

iFAST Capital is a subsidiary of iFAST Malaysia Sdn. Bhd., which is wholly owned by iFAST Corporation Ltd. ("iFAST Corporation"). iFAST Corporation is headquartered in Singapore and the iFAST group of companies are also present in Hong Kong, Malaysia and China. The company was incorporated in Singapore on 10 January 2000.

iFAST Corporation was listed on the Singapore Exchange Mainboard in December 2014.

iFAST Corporation, via its wholly owned subsidiary iFAST Financial Pte. Ltd., is Singapore's leading online distributor of unit trusts as well as the leading operator of an investment platform for financial advisers and financial institutions. It carries the Capital Markets Services (CMS) and Financial Adviser (FA) licences issued by the Monetary Authority of Singapore (MAS), and is also one of three appointed Central Provident Board (CPF) Investment Administrators.

One of iFAST Corporation's shareholders is SPH AsiaOne Ltd, the Internet arm of Singapore Press Holdings, which is Singapore's largest media group. In recent years, iFAST Corporation has been expanding beyond local shores. In 2007, iFAST Corporation launched its first overseas business, Fundsupermart in Hong Kong and in 2008, it launched Fundsupermart in Malaysia. iFAST Corporation launched its office in China in 2014.

http://www.fundsupermart.com.my/main/home/aboutUs.tpl?

Eh, RHB has exited the picture? blink.gif
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You might want to update you front page as well:

SoS Public License Record by SC

iFAST Capital Sdn Bhd
• Dealing in Securities
- Dealing in securities restricted to unit trust
• Dealing in Private Retirement Scheme
• Investment Advice

aurora97
post Jan 27 2015, 01:50 PM

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QUOTE(T231H @ Jan 27 2015, 01:21 PM)
For cash investments, all units will be registered under iFAST Nominees Sdn. Bhd. For EPF Account 1 investment, they will be registered in your names. These units are segregated from the company’s assets.
In the unlikely event that iFAST Capital ceases as a business concern, with your permission, all your assets registered under iFAST Nominees Sdn Bhd will be transferred to another Institutional Unit Trust Advisers (IUTA) or they will be returned to you..
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If everything from documentation, the monies, the locking of the NAV, registration of yourself as a unit holder and transferring the monies from collection to nomniee account all happen in the same day, what you say is true.

We all know it doesn't happen that way, today you put money, tomorrow or the day after only it gets registered.

It's that "interim period" that sticks out like a sore thumb.

Anyway we are out off topic.

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