Public Mutual Funds, version 0.0
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 Mar 12 2020, 11:15 PM
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#201
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Senior Member
1,639 posts Joined: Nov 2010 
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QUOTE(labamba @ Mar 12 2020, 09:54 PM) Question.. if i sell my fund today before 2pm and its a global fund, will tonights market drop be included in calculation? Yes. Global funds have Europe and U.S. equities. The price will reflect the closing markets later at night and early morning. Dow index is about -8% tonight, I guess Global fund will drop about 7-8% when the price is updated tomorrow noon. |
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Mar 13 2020, 03:49 PM
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#202
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Senior Member
1,639 posts Joined: Nov 2010
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EPF as part of retirement portfolio.
- Dividend is paid till age 100. - Full withdrawal can be done any time after age 55. - Contributions made after age 55 can be withdrawn at age 60. - No limits on withdrawal in a month/year, on both the amount and frequency - Nomination(s) can be easily and conveniently changed upon your request. - Withdrawal transaction is quick and easy, transferred into your bank account within 3/4 working days. - You can place a standing instruction to withdraw the yearly dividend automatically every year. Above is what I posted and shared in a post on Feb. 26 last year. ========= My journey so far… I started the journey blind with very little knowledge on unit trust funds. In other words, I got suckered into Public Mutual. LOL  Made all the mistakes one could possibly make. At one time, the portfolio was at negative 60%. This woke me up. My main goal was building a portfolio of unit trusts to compliment the retirement fund in EPF. Thus have to persevere and put extra efforts to achieve the goal. So, to turn around the portfolio, I have tried this and that, push it around from one asset class to another, switch here, switch there, sometimes lucky, sometimes not. Over the years, I have rollover (total switching in/out) RM2 million and more! Passed a significant milestone in 2016, lost it in 2018, and regained it last year. Maybe I was becoming wiser over the years, or becoming less greedy for more, the portfolio was slowly switched to nearly 100% bond funds by the end of December, 2019. At the moment, equity is 3% of the portfolio. So, had I foreseen this massive market sell-off happening now? No, lah. The asset allocation was accordingly to my internal financial plan and nothing to do with external market noise. The journey is at the last stage, and the re-balancing was done as planned. Cheers. ========= Rebalancing the asset allocation… this was posted and shared on Oct. 12, 2018, "What is the proper Asset Allocation for a Unit Trust Investor?" » Click to show Spoiler - click again to hide... « |
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Mar 15 2020, 01:08 AM
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#203
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Senior Member
1,639 posts Joined: Nov 2010
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QUOTE(aspartame @ Mar 14 2020, 09:43 PM) For EPF... say one has 100k at age 55 but never withdraw.. then at age 56, put in another 50k... but the next month suddenly wants to withdraw all 150k.. can? You will need to confirm this with EPF but what happens at age 55 is that:- Account 1 and Account 2 will be combined into a new account, Account 55. - Another account will also be created to accept contributions from members who are still working. Withdrawal from this new account is only at age 60. The contributions from both employer and employee has tax implications. Employer's contribution - non taxable income. Employee's contribution - tax relief. There will be a tax loophole if members over age 55 are allowed to immediately withdraw the contributions done after age 55. |
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Mar 15 2020, 02:59 AM
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#204
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Senior Member
1,639 posts Joined: Nov 2010
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QUOTE(hsyong @ Mar 13 2020, 10:41 PM) I recently switched a large portion of my portfolio to a bond fund. Also, I have another big sum that I want to put in. Since I'm retiring in about 5 or 6 years, it's better to put the sum in bonds until I retire? (yes, I'm okay with lower returns, I prefer low risk and volatility). What's your suggestion? Put in one bond fund, or separate into a couple of bond funds? Or mixed with other funds? Thanks. QUOTE(Aurora Boreali @ Mar 14 2020, 06:16 PM) » Click to show Spoiler - click again to hide... « Very insightful. May I know how old you are? I'm in my early 30's and this market really gives me the jitters and I don't like losing money. Even financial samurai doesn't like it either: https://www.financialsamurai.com/risk-toler...ult-to-measure/ The equity/bond ratio shows how much risk you, the investor, should take. So, you don't try to see how you view or classify yourself into which investor category you belongs to... you should try to understand and follow the equity/bond ratio as suggested in your age group. The only different I am saying here is that the money in EPF is also taken into account. Consider the money in EPF as part of your fixed income and bond funds when calculating the equity/bond ratio. How conservative/aggressive you should be is also depended on the amount of money you are having. See the 4-box method in the previous post. There is a threshold minimal amount for 'survival'. The excess amount above this 'survival' level can be risked for higher returns. Combine these 2 factors... your age group and how much you have and earning... you can figure out how much you should have in equity funds. By knowing the appropriate equity/bond ratio that you should have, you are not setting yourself short by not taking enough risk. ======== As for unusual market turbulence, maybe wait for things to settle down before continuing building the portfolio as previously planned. Personally, I tried before to take advantage of market volatility to gain some extra money... sometimes lucky, sometimes not. At the end, all alternate paths lead to the same destination. |
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Mar 15 2020, 04:25 PM
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#205
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Senior Member
1,639 posts Joined: Nov 2010
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QUOTE(Aurora Boreali @ Mar 15 2020, 10:20 AM) Would you suggest cashing out while it's still not so much in the red to stem further losses? Or switch here, switch there like you said and sometimes lucky, sometimes not? Or just ignore it for now? Cos I really don't want for it go to -60% like you once did. I doubt you can make more mistakes than I did. I was in a rush to build up the portfolio to the desired amount, was issuing cheques in multiples of 10k, then switched out after tired of waiting for it to rebound and breakeven as the fund was down for years and years.What I should have done was not to rush in building up the portfolio, and spread the purchases over years and years. Thus I would be purchasing funds throughout the down years. So, review your financial objective of investing into unit trust funds. Was the objective short term or long term? If short term, like planning for a wedding or down-payment for a house in next several years, were you expecting too much from the investment? (Equity funds are more appropriate for long term investments. For short term objectives, it could be tough to achieve the objective in time and it could take much longer to reach the objective as planned, as there could be mini downturns in the markets causing delays while waiting for it to rebound. It would be better to lower the expected returns and invest into bond funds.) If long term, like building up a retirement fund to complement and add onto the money in EPF, are you feeling you are running out of time and in a hurry to have a sizeable portfolio? (For the long term, It would be better to spread out the investment and make purchases throughout the long investment period. Invest as you work, earn and save. This is easier than building up your savings while waiting for the right time to invest a big sum of money. Since it is a long term of many years, you could be repeating the latter method of timing the market many times, sometimes lucky, sometimes not. At the end, both methods may give similar returns. ) Then make adjustments as you deem fit and appropriate to your financial objective. Hope your own review of your situation and investment objective will give answer to your question of whether to cut lost or not. |
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Mar 18 2020, 02:01 PM
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#206
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Senior Member
1,639 posts Joined: Nov 2010
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QUOTE(Pizza Hut @ Mar 18 2020, 09:28 AM) small cap dropped a lot and i am lossing money. il should i withdraw all money out or just leave it there till covid19 issue over? Someonecpls advise me. You will have to review your own portfolio as giving general comments can be too general.Read the recent posts... they were on matching your age to the appropriate equity/bond ratio. The equity/bond ratio shows how much risk to take, ie. how much you should have in equities. It tells you whether you have over invested or whether you have taken enough risk accordingly to your age. After reviewing the equity/bond ratio, you can take the appropriate measure, whether to reduce equity and adjust the ratio by switching some units from equities to bond/fixed income/money-market funds. If you were having the right equity/bond ratio, the recent market sell-off would have distorted the ratio, you should adjust and rebalance the ratio by switching some units from bond/fixed income to equity. All the above adjusting and rebalancing the equity/bond ratio is of course following your investment objective. So, what was your investment objective in putting money/savings into unit trust funds? Is the investment objective short term or long term, and the funds you have bought and/or still buying match the objective? Read the recent posts, and review your portfolio. If the portfolio was appropriately set-up to your investment objective, you should NOT be too concern with market sell-off and negative ROI… because we knew equity funds can be volatile at times and do not have continuous growth every day. Don’t look too much into the current ROI, you should look forward instead to the final ROI that you expected to have when you set-up the investment. If you have a portfolio that mismatches the investment objective, like too much higher risk equity fund to a short term objective of a few years, as the market trend can revert back to its past level 2/3 years ago in a market sell-off, then maybe you will need to revamp the portfolio and take up or write off the loss. Or you can hold a bit longer and hope that the fund can regain its position before revamping the portfolio. This post has been edited by j.passing.by: Mar 18 2020, 02:04 PM |
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Mar 18 2020, 02:54 PM
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#207
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Senior Member
1,639 posts Joined: Nov 2010
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General market comments... by an uninformed UT investor.
Massive market sell-off in recent days is due to covid-19 pandemic around the globe. The drastic drop in oil prices to below $30 has an impact as well, especially to the local market. The leading company in the nation, Petronas would be hit hard. Ringgit is above 4.3 to the dollar. What is worrying is that the pandemic is at different stages around the world. China has only one new case yesterday, while elsewhere, new cases are expected to increase exponentially. The silver thread in the current market sell-off is that it is not an economic or financial crisis. Once it is over, the market will rebound and maybe rally back to its former level just as quick, forming a V-shape trend. There are also opinions that the trend will not be a V-shape, and take a longer time to recover back to its previous level, which is also its peak level of all times. (This is referring to the U.S. market – the Dow Jones, S&P500, Nasdaq and Russell 2000.) Maybe up to 5 years, because the market increase in the past 1-2 years were distorted and over-bought and do not reflect the true value of the listed corporations. Covid-19 and the $30 oil price hasten the inevitable market correction. Whether to have local equity funds or foreign equity funds in the portfolio? Foreign funds of course. Because my portfolio consists of EPF too; and it is a much major portion of the portfolio as well. EPF is classified as both bond/fixed income and local equity in my port. It can be viewed as a balanced fund. Thus the equity portion would be in foreign equities. This is to diversify from EPF and taking the risk to have better returns than EPF. For the Asia region, the fund I selected is Public Islamic Asia Leaders Equity fund. For U.S. market, it would be Public Islamic U.S. Equity fund and PB Global Technology & Healthcare fund. I would suggest to make the purchases accordingly to your original strategy in building up the long term portfolio. If you abandon the original strategy, there is no strategy to speak of. This post has been edited by j.passing.by: Mar 19 2020, 11:39 PM |
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Mar 20 2020, 12:02 AM
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#208
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Senior Member
1,639 posts Joined: Nov 2010
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QUOTE(Pizza Hut @ Mar 19 2020, 09:00 PM) Conclusion, i need to hold during this uncertain turbulence? If you are still holding it this week, you should be able to hold it for another week. If you are still holding it next week, you should hold it longer.At the end of the day, you didn't sell because you don't feel any pressure and panic to sell. I think you should diversify the portfolio by having large cap funds too. Check the portfolio next week, calculate how much the smallcap fund has lost from its peak, then spend this amount into Public Islamic Asia Leaders Equity fund. When the market situation is relatively more stable in 2-3 months or earlier, switch the smallcap fund to PIALEF or Public Islamic U.S. Equity fund. |
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Mar 20 2020, 06:24 PM
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#209
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Senior Member
1,639 posts Joined: Nov 2010
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QUOTE(W_Lenovo @ Mar 20 2020, 12:22 PM) Dear all, may I know can we switch our pm series fund to pb series fund? No, Public series is under Public Mutual, PB series is under Public Bank.QUOTE(Pizza Hut @ Mar 20 2020, 01:11 PM) Any charges incurred if we switching to other funds? There is a switching fee of RM25.Also switching penalty of 0.75% for equity fund, if switch out within 90 days after buying or switching into the fund. For 'gold' members, unlimited free switching if they do it online, but the 90-days penalty rule still applys. |
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Mar 23 2020, 01:47 PM
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#210
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Senior Member
1,639 posts Joined: Nov 2010
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QUOTE(j.passing.by @ Mar 18 2020, 02:54 PM) General market comments... in reply to a private query...For the Asia region, the fund I selected is Public Islamic Asia Leaders Equity fund. For U.S. market, it would be Public Islamic U.S. Equity fund and PB Global Technology & Healthcare fund. The equivalent funds in PB series would be: PB ASIA PACIFIC ENTERPRISES FUND PB GLOBAL EQUITY FUND |
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Mar 28 2020, 08:30 PM
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#211
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Senior Member
1,639 posts Joined: Nov 2010
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QUOTE(bananajoe @ Mar 27 2020, 05:10 PM) Hi, need a bit of an advise. My current EPF is parked under Public Ittikal Fund. Seeing negative returns and lost about 3K. Should i still wait or swtich to another fund ? if yes, which one is prefered. My approach in making any decision is based on using a combination of common sense, personal money management and objective of the portfolio.looking for medium risk and for long run. The UT fund to have is to diversify this portion of the portfolio away from EPF. (My portfolio includes EPF.) This portion of the portfolio would be in foreign fund, not local fund. The foreign funds I would choose are: PUBLIC ISLAMIC ASIA LEADERS EQUITY FUND PUBLIC ISLAMIC GLOBAL EQUITY FUND Whether to wait for the market to improve and the fund to regain back some of the lost or not, it does not really makes much difference… as it is a global market, all markets tend to act in tandem to each other. But I would choose to switch and diversify the portfolio as soon as possible. If you think the selected fund(s) are too aggressive for your liking, then reduce its amount and percentage of it within the portfolio. QUOTE(Jack Bauer 525 @ Mar 28 2020, 03:46 PM) for redemption purposes .. can it be done via public mutual online (PMO) ? the "invalid" sign always appear .. appreciate sifu(s) advice ? tq in advance ! There shouldn't be any problem. AFAIK, PMO has 2 different level you can registered into, either with full service where all types of transaction can be done or with partial service for checking the accounts only.Sometimes, I need to request and get another TAC when I took too long to complete the transaction. Also, after making 2 transactions, and want to make another one, I need to change and get another TAC. |
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Apr 3 2020, 06:00 AM
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#212
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Senior Member
1,639 posts Joined: Nov 2010
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QUOTE(Pizza Hut @ Mar 31 2020, 05:28 PM) Can switch now or need to wait for some time? If don't know what to foresee and expect what will happen in the near future, don't try to time the market and do lump sum purchase. Stick to previous plan of making regular purchases every month.As for switching from one fund to another... make a plan and decide how long it should be, for example make small switches from now till June, start from May till Sept, start from June till Dec, etc. etc. I think it will be best to start from now, and make weekly switches. End date depends on the amount you have in the fund. How long? Depending on the amount of the fund. If you break the amount into equal amounts each week... 2% = 50 weeks (1 year, from now till March 2021) 5% = 20 weeks (about 5 months, from now till Sept.) 10% = 10 weeks (about 2.5 months, from now till June) (Note: Each switch must be at least 1000 units. No switching fee if the fund is held more than 90 days. See other terms & conditions relating to switching...) Which day? Just pick any day of the week, and stick to it every week. (Sunday to Thursday) What time? Do it at night when the market/bursa is closed, ie. after the cut-off time. Don't look and see whether the benchmark index is going up or down and try to time and take advantage of a possible 1-2% gains. It is just daily fluctuation, it does not matter anyway since you are buying for the future, the next 5 years or more, so it has no bearing whether the nav value will increase or decrease tomorrow, or next week, since you will be making another purchase next week. This post has been edited by j.passing.by: Apr 3 2020, 06:16 AM |
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Apr 16 2020, 03:54 PM
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#213
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Senior Member
1,639 posts Joined: Nov 2010
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QUOTE(ameli7a @ Apr 15 2020, 08:25 PM) Hello. I need some advice about this unit trust. I have invested in equity fund 3 years ago. However, the fund’s performance is just average. I have a few questions: 1. Switching charge is the fee paid in switching from one fund to another.1.What are the difference between these two charges Switching Charge and Transfer Charge? 2. I wish to open a new fund. At the same time, can I transfer just certain units from the old fund to this new fund? If yes, what are the charges and the total charges? Thank you Transfer charge, if not mistaken, is when you transfer the fund to another person, say your spouse when you truly wants to retire and allow another person to take over the portfoilo. 2. You can either open a new fund by purchasing or switching. Meaning you can do either first, wait 2 working days for the fund to appear in the system, then add more units (by purchasing or switching). The switching charge you have copied and pasted were from investments done via I-Invest? The switching charges of 0.5% and 0.75% is very low. The usual sales charges for cash purchases is 5.5% for equity funds and 1.0% for bond funds. Bond fund is known as partial loaded, and when a bond fund is switched to an equity fund, the difference between 5.5% and 1.0% will be charged. Below is the latest advice on the screen when you do switcing online. Sales/Switching Charge (As a guide) i. Switching of zero-load/low-load/1%-load units into equity/mixed asset/balanced funds will be subject to sales charge of up to 5.50% whilst switching of zero-load/low-load units into bond funds will be subject to sales charge of up to 1.00%. ii. Switching of partial-load units (including E2 accounts opened through i-Invest) will be subject to a sales/switching charge of up to 0.50% or minimum RM50. iii. For switching made within 90 days from date of purchase, switching of units from equity/mixed asset/balanced funds will be subject to switching charge of up to 0.75% or minimum RM50, whilst switching of units from bond funds (apart from that covered in item (i) and (ii) above) will be subject to switching charge of up to 0.25% or minimum RM50. iv. For all other switching, you will be subject to switching charge of up to RM50. Do you wish to proceed? Please take note of (ii). I-Invest is from EPF I-Invest. It seems that if switching is done on funds bought via I-Invest, it will incur a switching fee of 0.5%. The sales charge in I-Invest is also 0.5%. If the units is worth RM3000, then the switching fee is 3000 x 0.5% = RM15. The minimal fee of RM50 will be charged. |
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Apr 16 2020, 04:17 PM
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#214
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Senior Member
1,639 posts Joined: Nov 2010
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Just realise that the switching fee has changed from RM25 to RM50???
This is more reason not to do any switching if possible when you are building up a portfolio by regular puchases over many years. The switching charges will slowly add up in the long run. Make a plan on what sectors/regions you want in the portfolio when it is completed, then purchase the funds systematically to the alloted percentages in the portfolio. Only rebalance the portfolio by switching from one fund to another WHEN the portfolio has reached the targeted size or amount of money. If the targeted amount is more than enough to earn you gold member status, then you will have unlimited free switches as a gold member.(As long as the fund is held more than 90 days. Otherwise, the switching charges as stated in above post still apply.) |
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May 4 2020, 04:54 PM
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#215
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Senior Member
1,639 posts Joined: Nov 2010
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QUOTE(Adam77 @ May 4 2020, 03:34 PM) 4. Assuming if we invested one-off amount (lump sum) in 2008, by right until 2019 the amount would already double in value ie. with 100% total return if we remained the same invested amount in EPF (calculation: 1.045 x 1.0565 X 1.058 X 1.06 X 1.0615 X 1.0635 X 1.0675 X 1.064 X 1.057 X 1.069 X 1.0615 X 1.0545 = 2.00 = 100% return). 5. Is there any fund under Public Mutual or any other UT companies can top that without making any switching every now and then??? - Frustrated Investor in PM Unit Trust - 2. Go to the Morningstar Malaysia website, select all funds, click on the longer term 10-year annualised, and rank it downwards. There would be about 30 funds beating the above figure. 3. The 10-year annualised EPF percentage from 2010 to 2019 is 6.16%. Even with a very bad year-to-date returns this year, there are not less than 30 funds having 10-year annualised returns higher than 6.16%. 4. Public Mutual has high service charge on its equity funds. This is one of the reasons that investors buying Public Mutual equity funds will encountered more difficulties in getting better returns for their invested money. |
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May 4 2020, 05:10 PM
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#216
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Senior Member
1,639 posts Joined: Nov 2010
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BNM maybe cutting the OPR rates again.
In the past week, I have make several switches from money-market funds back to bond funds. Paying the switching fee, RM25 each time. If the amount swtiched is high enough, it is worth paying the fee. |
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May 4 2020, 06:47 PM
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#217
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Senior Member
1,639 posts Joined: Nov 2010
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QUOTE(Adam77 @ May 4 2020, 05:50 PM) Then might as well as you become a fund manager if you needed to constantly monitor the market and make switching every now and then. Besides, how can we make comparable analysis on our portfolios return if we switched from one fund to the other, what I mean we cannot single out all funds that have higher annualized return then compare with EPF annualized return. Comparable analysis is by calculating our portfolios annualized return versus EPF annualized return. Noted you are a first time poster in this thread. FYI, the above 2 postings are unrelated. If you care to read back the past pages in this thread, I have also posted several comments on the type of funds that can beat the returns in EPF.This thread is for self help in monitoring our portfolios as well as sharing other relevant information and opinions. What's your point of slurring me that I am monitoring my porfolio constantly? In your first post, you asked whether there are funds, with returns that are bought lump sum and without any switches, that can better EPF returns, and I shown you where to look. Now you want to discuss regarding comparable analysis of our portfolios' returns. After slurring me of becoming a fund manager when I make switches in my portfolio? My, my... |
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Jul 2 2020, 04:40 PM
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#218
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Senior Member
1,639 posts Joined: Nov 2010
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QUOTE(T231H @ Jul 2 2020, 04:05 PM) at times, for some PM funds, it can be higher than that in a year.... Thanks for referring to my posts which were posted in February.just look at some compilations as in page 93, post 1842 and 1843 https://forum.lowyat.net/topic/3580942/+1840 While last year was indeed a good year for equity funds... with annual returns up to 32%, try not to miss the following remark: "Though last year was a good year for equities funds, the returns were recovering from their negative returns in 2018..." In the long term, things may even out and the expected returns could be around 8%. Or maybe less. More likely less, if the sales charge is as high as 5% on each purchase. In the short term, it is all due to market timing and luck. "Long term" in all the investment articles and advices should be read as regular purchases over the long term. This is much difference from making a one time purchase (or split the amount to several purchases) and hold the investment for many years. The expected returns in the latter method is still dependent on market timing and luck. Lastly, if the money is from EPF's account 1, EPF also sells funds from its online portal, I-Invest. It is linked directly to EPF's Account 1. So, no paper work necessary. It sells funds from all the fund companies, and it charges much much lower service or sales charge at about 0.5%. |
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Jul 9 2020, 03:19 AM
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#219
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Senior Member
1,639 posts Joined: Nov 2010
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Actually, we can pick up the information from Public Mutual website, especially from these 2 webpages:
https://www.publicmutual.com.my/Our-Products/UT-Fund-Prices https://www.publicmutual.com.my/ In the fund price page, the funds can be filtered by their 4 categories: 1) Equity 2) Balanced / Mixed Asset 3) Bond / Fixed Income 4) Money-market At the bottom of the Home page, there is the Fund Distribution section. (The "dividends" in unit trusts are called income distributions.) The distributions are in 4 different modes or 'features': 1) Annually 2) Semi-annually 3) Monthly 4) Incidental Incidental means that the distribution is not fixed and at the discretion of the fund manager, and it depends on the performance of the fund. In the Fund Distribution section, click one of the buttons in the "Distribution Feature", and then click the "SELECT"... the funds will be filtered accordingly for selection. Not an elegant way to find which funds are having distributions that are annually, incidental and so forth... but it gets the job done and filtered the funds down to the desired category. For example, in funds with semi-annual distributions, there are only 3 funds: Public Dividend Select Fund Public Islamic Dividend Fund Public Islamic Savings Fund And from the Fund Price page, we can see that all the above 3 funds are Equity Funds. In summary: 1. Equity funds' and Balanced/Mixed Asset Funds' distributions can be either Incidental, Annually or Semi-Annually. 2. Bond / Fixed Income funds' distributions are mostly Annually. Never Incidental. 3. Money-market funds' distributions can be either Annually or Monthly. In Public Mutual, Fixed Income Funds are the same as Bond Funds. The funds that are having similar risk to FD are money-market funds. This post has been edited by j.passing.by: Jul 9 2020, 03:20 AM |
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Jul 9 2020, 02:12 PM
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#220
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Senior Member
1,639 posts Joined: Nov 2010
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The daily increment today, or more accurately, yesterday's daily increment was among the best daily increment this year. All are positives, except for the 2 properties fund... far-east property and pb asia real estate... and the Australian funds.
Bond funds were making comparatively big leaps... due to market demand resulting from the OPR rate cut by 25 basis points. The daily increment of Public Islamic Infrastructure Bond Fund: 01/07 0.05% 02/07 0.15% 03/07 0.04% 06/07 0.03% 07/07 0.29% 08/07 0.52% So, if you have recently switched out of money market funds into bond funds, give yourself a pat on the back! Give yourself an extra pat if you have ditched the property funds. I think they will be in doldrums for some time and might get even worse. They won't bounce back as fast as other equity funds. |
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