If agent don't tell you this, they either don't know, which may be new or don't really care type (if he willing to learn, then still got hope )

Or those who purposely con customer for self interest (this one no hope, boycott )

This post has been edited by AIYH: Jan 26 2017, 10:35 PM

Exactly why I switched to other fund.

Distribution is one indicator for performance

It's a blessing in disguise that the fund did not make a distribution - one less agent to mislead prospects

I have to disagree, distribution is a terrible indicator for performance

Example

Public Ittikal fund

Distribution 3.5 sen per unit on 31/5/16

If one would bother to read its financial report
http://www.publicmutual.com.my/LinkClick.a...qA%3d&tabid=260

The actual return of the fund is -2.63%

It's really not difficult to check fund performance
http://www.publicmutual.com.my/application...formancenw.aspx

I will have an allergic reaction the next time someone mention how a fund is good/bad based on its distribution

Anyway, infographic time
How is it possible for a fund with negative returns declare distribution you may ask

simple, from it's reserves built up from previous year


If the fund doesn't buck up soon, they will run out of reserves to distribute

Market have drop tremendously since end of 2014. Not just PISSF, many funds does not perform as good as before. Many of my client, I do advice them to put their money elsewhere. But if they still want to wait (5 -10 years), it is up to them. You can check yourself the performance of PISSF in Bloomberg.



PIDF and PITSEQ still OK, but many opt for Asia fund. I just don't want the same case as Ittikal China happened again, until now, many people haven't recovered their capital since first invest. But whoever did re invest during down time, surely make some money.

PISGIF still not making money since first inception.

Look, I am not saying that Unit Trust is bad per se. But if possible I want to gain the customer's trust, and it is not my money, it's theirs. I can't be playing around when the economy is bad and then I go and say, this is the best time to invest.

Yes the price is damn cheap, but when do you think they will make money? 5-10 years? I mean that is waaayy to long. I may not have the talent to twist my word to say bad thing as good thing.

There will be at some point that you will meet a client who is well verse in the market than the agent. That's when you learn a lot. You can try to check Public Mutual performance in Morning Star, Public Mutual fund is hardly on top 10.

Marketing and Facts is different.

I am not saying that UT is a bad product, dont worry

Just the fact that other than public mutual, there are other fund houses which have better performing fund for certain categories

For instance, PISSF

and Eastspring Investments Dana Al-Ilham

(both islamic malaysia general equity)

There are other funds which public mutual excel, like public islamic opportunities (islamic malaysia small cap)

Just that if you want customer to have the best, pick them the fund that public mutual do best

1. Public Ittikal is a growth fund, its distribution policy is 'incidental'.
2. 2015: creation of units = 462,333 (x1000). 2016:creation of units = 680,889 (x1000)
3. That's over 462 million, and 680 million respectively of fresh purchases/investments.
4. Total size of the fund: over 4 billion.

The question should be: why distribution in 2016 when the growth (in performance) is negative?

Possible answer: Investors and agents see distributions as returns. No distributions = no good = failure = dump fund.



=========

"If the fund doesn't buck up soon..."
Fund Manager: "walao eh... my fund is hitting nearly 5 billion... these guys talk shop or talk kok?"

=========

Just kidding above. I would remained humble and would say that those investors injecting over 680 millions into the fund last year are smart money, continuing with regular purchases when the market is down.

Smart money from smart investors who do know what is distribution and how is its effect on the NAV price and the total value of their holdings.

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

Be careful a bit when mentioning specific funds. Most of the good funds are oversubscribed and are closed to new investments. It could be a wild goose chase and a waste of time if the fund is shortlisted for consideration.

Some agents like to do this - showing the past performance of closed funds. A 'bait-and-switch' sales tactic.

PIOF is closed on Sept 2014. Am holding some units, not able to top up since then. Public Ittikal is also a closed fund (still open to EPF-UT scheme withdrawals.)

Cheers. Stay Invested. Once again: Gong Xi Fa Cai.

The mutual fund agent promote his fund again ... any hope for a good return for any Public Mutual funds ?

Sampah funds. Was told their Public Mutual Smallcap was the best and cannot invest for now. When i compared to Eastspring Smallcap, damn so far difference.

Ok noted

Hi guys , how can we find out the transaction history for a particular fund we invested? I see in PMO only can go back 24 months.
I am trying to check from 2013.

here you go

http://www.publicmutual.com.my/application...formancenw.aspx

I was referring to the history of my own transaction not the fund performance.

Agent with CAMS2 software can view that

So are funds in PM really that bad?

What is the strategy behind of distributing dividend for a under-performed fund?

I think not all PM funds is bad performing, far east alpha-30, tactical allocation fund, etc is doing quite ok comparable to other fund managers' performance

Any great PM funds do you guys recommend currently, glad someone can share?

lol bro that's stupid. Distribution is not AT ALL an indicator of performance. Many of my top funds have zero distribution. Meanwhile PM funds got high distribution but negative yearly performance, what's the use? Distribution is totally irrelevant lah. Unless you are 65 yo, retired, and live off dividend income only.

An Investor's Opinion.

Lump sum investment vs. DCA investment.


Okay, this is not another round of debate on which strategy is better or more superior. It is a misleading title to gather your attention.

This is a straight forward reminder to newbies who got lost in their interpretation of things, especially those who did not think through what they read in forums. Those who thought they can hit the ground running as they thought they had the basics correct.
More often than not, when they read about lump sum investment, they thought of its merits and whether it will give better returns than a DCA investment.

And inevitably the discussions, as they often do when a half-blind is leading a blind person, will go astray into scenarios where lump sum is better, and scenarios where DCA will beat lump sum in returns.

This comes about because they thought of lump sum investment as a large sum of money to invest – and it leads directly to deciding whether to invest the large sum of money at once, or split it into several months or longer.

What they had failed to realise is that the one important characteristic that defines the investment as a lump sum investment is this – it is a one sum of money available. It is ONE amount of money available, and no more.

A most likely scenario of lump sum investment to happen is when you are at retirement age, and thinking of what to do with the large amount of money available to be withdrawn from EPF.

Another likely scenario would be someone in his mid-forties or so with a sum of money to invest, and who had clearly decided in advance that it is the only amount money he will use and there will be no further money to pour into the investment to achieve his objective – which is usually a short term objective.

For any youngster who was just joining the rat race, it will be a ridiculous talk kok session for them to begin a discussion on lump sum investment into any UT fund. Whatever sum of money they have in hand, it is insignificant to their future earnings.

For them, IMHO, it would be more constructive to discuss UT investments as part of money management. How much to invest out of their monthly savings. How much to have in an emergency fund, in cases of being retrenched or getting the sack.

And more importantly, whether the emergency fund should includes any money to continue on with the regular monthly investments.

Cheers.

Hi,

You were replying to a 2 weeks-old post, and which have been addressed by others.

Please try not bump up this thread if there is nothing of substance or constructive to add into the discussion.

Thanks.

=========

PS. BTW, the post had offended someone sensitive to the tone of your writing, and had been reported. As I started this thread, I can see which post is highlighted as being 'reported'.

I don't have the previlege to edit or delete your post, which I will let it stays as it is even if I have the previlege...

Please, just read and ignore... as this post needs no further reply.

Move on to another discussion, if there is any other things, of substance, to share or just to present your viewpoint on UT investments.

Hi sifus.. its a very noob question.. Is it a good choice if i invest in PM using my EPF. I am 32 yrs old and have excess of 80k (from EPF basic acc1 limit). My monthly EPF contribution is about 3k (me+employer). Is it a good choice if i start with 10k and DCA 5k (every 3months) for 10yrs period? As a starter. I dont want to risk losing my already accumulated EPF and my risk tolerance is also very low.

My main idea is to explore the Mutual Fund, and I think to invest using cash that I put aside. But when i met PM agent, she told me that it is better to invest using EPF and in long run with constant DCA, sure will not losing money and will give better return. That is why I am in dilemma wthether to
1) Use EPF or cash as start
2) Is the agent telling me the right things?
3) Is my plan is OK - (if use cash, I have 20k (and my plan is 2k initial, monthly DCA 300 for 5yrs) which I am OK to lose and at the same I will learn about mutual fund.
4) I have also offered by my friend who is an agent of Philips Mutual. Therefore, Where is the best place to start (PubMut, or PhilMut).

I already have ASB1 and ASB2 account with total saving 400k (from some ASB loan & cash). I have made a plan years back to maximize my ASB then only try Mutual Fund, in search of slighty higher risk and return.

Thank you so much for your kind reply. May god repay ur kindness with great success..