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

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

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

Btw, isn't funds forward priced?

To add.

There’s a lot of misconception just because the Fund is named after a particular FM, it is owned by that FM including everything (+liabilities) in it etc… That’s not true.

In a trust structure, the FM is merely employed to manage the Fund in return for a fee.

Another interesting fact to add on, the Fund is self-sustaining even if the trustee goes bust. Only downside, the accounts will be in a mess just like Lehman's when it went bust.

Actually Fund Manager already enough.

Like SJ Asset Management and Meridian are all examples.

Trustee follow "almost" blindly, if don't follow later kena ask to resign LOL. Auditors? Setahun sekali... by the time auditors come in, the fund manager already long gone disappear. Only thing left to do is to calculate how much the Fund lost!

I think EPF approved fund only got 3.

Select income
Select opportunity
Select balanced

EPF funds generally can have no more than 30% invested abroad.

The fund also must be established more than 3 years. So the parameter of investment very limited.

I can recommend agent if your interested.

Holy crap loads of funds.

Time sure have changed. Crappy affin funds also made it to the list. Lolz.

Just clarified with agent..

Aside from those previously managed by affin and aiiman, and those which have been suspended.

The original hwang funds are:
Select bal
Select div
Select opp

Not so sure about aiiman, whether they have adulterated their original funds with affins...

Anyway wouldnt buy islamic coz it limits my investment shpehere.

I confirmed with agent over lunch just now... Lolz..

The re-approve the fund after they regularize their position.

This post has been edited by aurora97: Jan 13 2015, 06:03 PM

One more thing to add, I was told if you buy direct from company sales staff. You will be eligible for life insurance cover offered by axa-affin. This is not extended to funds sold by agent or distributors.

I got my cover already but I didn't know that this arrangement existed lolz...

Mine from affinhwang.

When money involved, eye candies are a distraction bro... eye on the ball!

I just need those agent to remind me when to top-up EPF, almost year end buy PRS, got new fund launch let me know, willing to wait downstairs at lobby for 10 mins like dunggu cause i accidentally forgot to put my phone on ring mode, give me a review of my portfolio and remind me to breath.

I know i pay a slight premium (on sales charge) but at least she provide me with a decent service

Going to meet her today for lunch and her to run through my portfolio

If you think it through, EPF withdraw is only done every quarter. Not everyone is that tech savvy. Besides, she only prompt me four times in a year. Is that excessive?

Perhaps I didn't put it correctly n you misunderstood my intent being more focused on balls and reminders.

Though I check my portfolio every morning and read up on business news, there is always that gap and missed opportunity. An agent is the investors extended hand, otherwise why pay the premium and not just use FSM.

Addition:-

I just checked EPF online... This is what it had to say for dividend for year 2014



ftw?!

This post has been edited by aurora97: Jan 14 2015, 09:18 AM

yup you are right.

I just saw the second pop up when i tried and click on the 2015 statement. It's said the 2015 statement will be made available once the dividend has been declared.

Anyway, you decide whether dividend payouts by EPF are better than unit trust funds.

http://www.kwsp.gov.my/portal/about-epf/in.../dividend-rates

Where got serious lolz... Just clarifying only, response a bit dry probably the coffee has settle in yet.

----

Anyway, very interesting investment strategies and funds I have been seeing. Have to do research di, itching to buy something before mega sale over.

My theory...

I think fsm and iuta don't really push PRS coz the client need to open acc directly with PRS provider. This mean the distributor will lose client to PRS provider.

There is no nominee structure afforded for PRS scheme, unlike unit trust.

Also, the sales charges is very competitive with affin hwang's selling their PRS with 0% sales charge.

SoF, I would blame it on the lack of foreign exposure actually because EPF cap foreign equity exposure at 30%.

I have SoF and SA(ex Jipun) QF, the numbers seem to suggets fund manager is playing some catching up.

SoF- i bought my SoF sometime 6/8/14 (a bit flattish)
RoI
As at month end 2014
31/8 (-2.36%)
30/9 (-0.38%)
31/10 (-0.41%)
30/11 (+0.28%)
31/12 (-2.12)
(as of today @ 15/1= -3%)

SaQF – I bought mine sometime in 2013
RoI
(as of today @ 15/1 = +9%)

That’s probably because you just entered the Fund I guess… Am registering about 10+%.

I saw from a former she mentioned, she invested in CIMB PRS Asia Pac Fund (I don’t know the name) and it performed really well. Going to hunt it down later.

I think the merger has left everything status quo. (unless your affin fund managers of course LOL.)

I don’t think TCW actively manages fund. His ma Chai does that for him. The equity side, there is Gan Eng Peng (FM for SAQF) but overall is with David Ng (CIO).

I think the most obvious reason the funds are performing poorly is that the fund managers made the wrong call.

We are all human after all…

This post has been edited by aurora97: Jan 15 2015, 05:48 PM

Goldman forecasted oil will dip below USD 40.

m.economictimes.com/markets/commodities/crude-oil-extends-decline-after-goldman-sachs-lowers-price-forecast/articleshow/45865556.cms

Maybe overhyped or not...

Nice comparison

Er... you didnt give me your contact no. for me to forward to her. Anyway, I sent her contact though prvt msg to you instead.

I ask for her permission whether she want to take on your case or not and also release of her contact no. she's ok.

good luck in your investment.

In meeting, watapp her oledi.