Just wondering (especially the regulars), the fair next saturday... is it remotely informative or waste of time and vague outlook by fund managers?

My feeling is, if u have been following FSM's articles on their website, basically nothing much new to take from their talks.

My feeling is if you read and follow their article all this while, you too can speak and talk like a fund manager

Xuzen

wanna ask... do unit trust have lot size like stocks

u trolling?

UT...u cannot buy based on the published price, which is at least 1 business day behind - HISTORICAL PRICING

we buy and sell in RM or units

Can just that such funds are rare. Normally money market funds.

such as? can give example

Why historical, it’s probably the Fund’s underlying instrument consist of fixed published rates (overnight rate or fixed deposit or savings/current account). The change is so infrequent that it would not be practical to do forward pricing, more work for back office. NAV will probably remain constant most of the time.

Who would invest in UT that gives fixed return with such petty rates!? Well, don’t be surprised, there are actually companies willing to subscribe to such Funds. I believe they are called Cash Management Solutions. This corporate intend to squeeze the living juice out of their investment and make every dollar and cent work very hard. Wouldn’t make much different when your talking about 1million but the amount increases exponentially when it reaches 10m 100m and so on.

It pays slightly higher rates as opposed to keeping monies in a commercial bank i.e. savings/current. The main attraction is such income are non-taxable or exempt.

To add, normally this monies are operating expenditures require for day to day business, IPO proceeds or monies that are idle (which has not been allocated for any specific purpose), the other key reason why CMS is opted for because prices are pre-determined monies can be moved in and out of the funds with ease. Generally, the Client would expect to receive their monies next business day subject to cut-off times. This cannot be achieved by funds that are forward priced.

This post has been edited by aurora97: Jan 6 2015, 04:42 PM

Seems like lost communication here

No miscommunication. I did highlight in bold the subject of interest.

Btw, isn't funds forward priced?

thanks for the long explanation

Just my wrong choice of term; yeah UTs are forward priced save for the exception for some money market funds e.g. RHB-OSK Cash Management Fund 2.

The key point I was trying to convey was, don't bother about NAV price or number of units that u gonna get, it just ain't important at all. As long as your

RM / NAV = units

is correct, ok liao.

Asia ex Japan talk

Both WTI and Brent crude drops > 2% at the time of posting:

WTI: 48.XX (below 50)
Brent: 51.XX (nearing 51)

Looks bad on my portfolio...

IRR 3.47%

well at least better than FD and still + and better than some people...



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Mine dropped to 2.7% as of today valuation!

This post has been edited by David83: Jan 6 2015, 08:06 PM

My IRR now...5.14%

Wait, your IRR include or exclude CMF? If include CMF...mine 4.25%

This post has been edited by Pink Spider: Jan 6 2015, 08:18 PM

Not include CMF..

My peak IRR was like almost 6%.. It has drop quite significantly

No CMF, no FD.

But got PRS.