Money market fund is too conservative, and it is not worth to put any savings into it for the long term. Even for the short term, 5 to 10 years, a bond fund would give better returns.

Money market funds, in my view, is for a very short time, and normally it is used to park the money temporary while deciding which equity or bond fund to have. It is also used when trimming profits from several equity funds, thus consolidating the units into one money market fund temporary before further switching to another equity or bond fund.

And in a matured portfolio of funds (which you don't have since you are just starting), a portion of the money or investment can be put into a money market fund to reduce the risk.

Please note that risk is the chances of losing money; and how much risk you can take means how much you can afford to lose.

On the other hand, since you are in for the long term, the chances of losing money in an equity fund is almost reduced to zero. Which left only one factor to predict: how much is the gains that can be expected to have in the long term.

Though what happened in the past, is already in the past and might not be true in the future, but past records and returns of the fund can give an indication of how it would behave in the future. And in general, the smaller capitalized companies listed in the stock exchange will have higher growth than the larger companies.

So, normally I would checked the 10-20 years track record and returns of the funds; but there are not many funds older than 10 years, and their track record might not be good.

So, here's my recommended list of equity funds - short listed based on my own "personal" preferences.

1. Public South-East Asia Select Fund.
2. Public Asia Ittikal Fund.
3. Public Islamic Asia Leaders Equity Fund.
4. Public Strategic Smallcap Fund, or Public Islamic Treasures Growth Fund. (These are the only 2 small cap funds available in PM. Of the 2, I prefer PSSCF.)

So select one of the above, and regularly invest every month in the next 30 years till retirement.


This post has been edited by j.passing.by: Jun 25 2015, 10:23 PM

The Young, the Old and the Restless

The Old and Retired Investor

This is a continuation of the previous post, dated 6th June, which address the young investor who has time on his side.

Needless to say, the older investor who is at or nearing retirement age does not have this advantage of time on his side. This time disadvantage plus the fact that he is retired or soon to be retired, and without the support of income from his day job, will make the older investor more risk adverse than the younger investor.

Risk adverse is a fancy way of saying that the investor has more fear of losing his money. When the stock market goes down, this fear will more readily surface.

In the time disadvantage: the investor would think he is running of time and will not have the patience to wait for the market to recover and rebounds. In the no income/job disadvantage: the retired investor can’t simply go back to work and earn back the lost.

These 2 factors together might make him pull out with a lost. And worse still, stay away and never to return, thus incurring the lost permanently.

Thus the fear of losing money is understandable to the older investor. And if investing into unit trusts is something new to him, this fear is compounded.

He would probably make the same mistakes as a younger investor would also do, but the younger investor has time is on his side, and could patiently correct the mistakes by adjusting his selection of funds and/or the ratio of the funds in his overall investment.

With these 2 disadvantages in mind, it is not easy to make any suggestion towards a DIY of having unit trusts to fund the retirement. It would not be irresponsible to suggest getting professional help and advice if the older investor can afford it.

(If this direction of seeking a licensed financial advisor or planner is taken, please be aware of all the charges and any hidden motivation behind the recommendations.)

Before we get too far ahead with how to do a DIY investment, we should ask ourselves how much is enough to begin with. This will boils down to how much is needed to fund the retirement. It can be modest or very luxuriant, your call.

So decide first how much you need per month. Then multiply it by 12 to get the annual amount. Then multiply this annual amount by 25, to get the total amount that you will need to support the retirement without the danger of running out of money before you kick the bucket.

Why 25 times? Because by withdrawing a conservative 4% (or 1/25%) annually from the pool of retirement fund that you have, you will have a 99.99% chance of never ever running out of money. And the pool of retirement fund is still there to support your spouse and family when you’re no longer with them.

This 4% withdrawal principle is the basic base and principle to understand and built upon. Once this basic principle is clearly understood, you can have a variety of various alternatives and options to use and to modify to your own preferences and requirements.

One method in determining the retirement fund is dividing a blank piece of paper into 4 boxes; putting the basic and must-have needs in one box, the extra needs and nice-to-haves in the 2nd box.

In the 3rd box, the permanent 100% sure-have retirement income, for example pension, or interest/ dividend from Fixed Deposit or fixed-priced unit trusts. You may also decide to put in rental income and dividend from bond fund into this 3rd box. It is up to your own good judgement.

In the 4th box, the income that is not 100% guaranteed but can be expected.

(See this article for more details: http://www.marketwatch.com/story/retiremen...tegy-2012-11-08 )

In short, this 4-box method will help to guide how much we should have, and whether we are ready for retirement. It will also aid in deciding how much risk we can afford to take, as indicated by the 4th box and comparing it to the 2nd box.

In my view, the investments in 4th box should not be too conservative, but at the same time should not be overly aggressive and too risky, the right balance would be a 6% to 10% return, such that by withdrawing only 4%, there is still growth in the investment, and together with compounding effect, the 4% withdrawal rate is self-adjusted for inflation over the years.

And the 4% withdrawal rate is by no means a fixed rate. As mentioned, you can do a variation of it. Maybe withdrawing an extra percent or two when the market is fantastic in that particular year, and put the extra money aside (in cash or FD) for the next year.

Maybe withdrawing at a higher percentage as the years go by and drawing down the reserved pool of funds if the circumstances have changed to have a smaller reserve of money to leave behind.

(Please note that the compounding effect work both ways – when the return is negative, it will compound negatively too!)

Hopefully, when the balance between expenditure and income is even, and the mixture of conservative and aggressive funds is right, there is no necessary and needless adjustment and readjustments in the portfolio of funds. Just sit back and enjoy your retirement!

Cheers.

Next: the Restless Investor.

"Public Mutual is launching a new fund, Public Select Treasures Equity Fund (PSTEF), on 22 July 2015. The Fund is positioned to achieve high capital growth over the medium- to long-term period by investing in a portfolio of investments comprising medium- and small-sized companies in terms of market capitalisation from diversified economic sectors."

http://www.publicmutual.com.my/LinkClick.a...MHQ%3d&tabid=87

Launch period: 22 July - 11 Aug 2015.
Financial year end: 31 August
Distribution Policy: Incidental
Benchmark:
70% FTSE Bursa Malaysia Mid 70 Index;
20% FTSE Bursa Malaysia Small Cap Index; and
10% 3-Month Kuala Lumpur Interbank Offered Rate.

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

In comparison to 4 other funds, of which the 1st two are closed.

1) PUBLIC ISLAMIC OPPORTUNITIES FUND (PIOF) - closed to new investments.
Benchmark: TSE Bursa Malaysia Small Cap Shariah Index
YTD performance (31st July 2015): 9.70%
Benchmark YTD: 8.38%

2) PUBLIC ISLAMIC SELECT TREASURES FUND (PISTF) - closed to new investments.
Benchmark: customised index based on the constituents with market capitalisation below RM6.0 billion within the FTSE Bursa Malaysia EMAS Shariah Index.
YTD performance (31st July 2015): 11.71%
Benchmark YTD: 10.06%

3) PUBLIC STRATEGIC SMALLCAP FUND (PSSCF)
Benchmark: FTSE Bursa Malaysia Small Cap Index
YTD performance (31st July 2015): 6.26%
Benchmark YTD: 6.89%

4) PUBLIC FOCUS SELECT FUND (PFSF)
Benchmark: FTSE Bursa Malaysia Mid 70 Index
YTD performance (31st July 2015): 4.92%
Benchmark YTD: -1.65%

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

Comments:
The new fund, PSTEF, is comparable to PISTF as the target on small- and mid-cap stocks. And maybe to fullfil demand for a small & mid-cap fund as PISTF is closed.

- No, I'm not associated with Public Bank or any other banks.
- See their official website and look under "Our Products" http://www.publicmutual.com.my/
- In any investment, it does not matter what the promises were. The more important point is whether to believe in the promises.

Browse through the 1st 6 pages of this thread, it can give a rough idea what unit trust is about...

The Young, the Old and the Restless

The Restless Investor

This is the 3rd and final instalment on the topic of the beginner, intermediate and fully retired investors and what methods they could used in investing into mutual funds.

A brief recap first: the beginner and young investor could use DCA method; the 4-box method would help the older and nearly or already retired investor in determining how much he should have in equity funds, bond funds, or money-market funds. The DCA method with regular buys in the long term, and a one-time purchase that the older investor could use are both buy-and-hold methods.

The “Restless” investor is in a transition stage from the Young investor to the Older Investor. He is not only in the intermediate stage in terms of age, but also in terms of the amount of money he has.

“Restless” because he is not getting any younger and running out of time and patience to slowly accumulate his savings and investments. “Restless” because he has started late in mutual funds and anxious to know how the funds would perform. “Restless” because he has a bigger amount of money to invest in a shorter time period than a younger investor. “Restless” because he wants a fast and quick and sizeable profit before he is fully retired.

And most of all, “Restless” because he is unsure whether he is doing the right thing. Should he follow the crowd when the market is doing exceptionally well? Should he buy or sell? Should he allocate more of his funds to this sector or that region? Should he diversified, and how diversified should the funds be? What ‘asset allocation’ they were talking about in forums, and should he follow or not follow?

In short, what should a middle age investor with a sizeable amount of money do? I don’t think I have any ready answer. All investors are different, with different needs and wants, with different financial objectives, and different risk profiles and different educational backgrounds and understandings on financial matters.

This is the reason why I said the young investor who is earning-saving-investing regularly is having it easy. No worry on having a big sizeable amount of money, and don’t have to figure out how and when to invest the big sum. The importance of DCA is too often over-looked and ignored by new investors to mutual funds.

When the market is doing exceptionally well, every speculator is a hero. One would even ponder whether a one-time purchase will do better than a spread out regular purchases. Yet, when the market is “unwell”; again the same thoughts of whether we should continue the regular purchases or is it the time and opportunity to do a one-time-big-sum purchase?

As it was often said, the market doesn’t care what you do. If it was on a down trend for the past recent days or weeks, should it recognised and acknowledged that you made a new purchase and changed direction the next day or month? But speculators do think they can move the market, or rather the market will follow them like a puppy.

And the problem is that they don’t think they are ‘speculators”. They are financial analysts with methodical financial tools. And they are the experts in their fields... on a subject matter that anyone with an opinion can make an equal claim to be an expert.

So what would this “expert” recommend that the Restless Investor should do? (Bearing in mind that this ‘expert’ is also among the no-so-young and restless.)

1. Try out any options and methods as we see fit. We should have the confidence to venture forward as we are our own experts.

2. Have the patience to wait out the market and be bold in make bigger purchases. Wait for the index to go below the 200-day moving average...

3. See the right and appropriate index that the fund is benchmarked to. If the fund is on the China market via the Hong Kong exchange, don’t look into the wrong index...

4. Always remember that the Restless Investor is in transition to that of the Old Investor. Don't overload the risk in pursuing profits.

If you have any suggestions or thoughts or opinions to the Restless Investor, please write.

Cheers. Keep investing.

1. I see the mutual funds as part of personal money management and as a long term savings that were expected to give better returns than FD. So it depends on how much you are able, and committed, to put aside each month. If you are looking to put aside more, then it is not a bad idea to add in a new fund. I would continue with the SI on PRSF, and begin another new fund - especially when the index is way below its 200-day moving average, and a good timing to begin another fund. Would also suggest Ittikal Sequel Fund.

Take a look at their performance - http://www.publicmutual.com.my/application...formancenw.aspx
Both are performing better than their benchmarks.

2. There is no currency exchange or currency risk in the local funds (if your paycheck is in ringgit). Both the above funds are local funds. With the cheap ringgit, I feel a bit reluctant to purchase any foreign funds at the moment, and the feeling is similar to going to Singapore for the weekends when the Sing dollar is now RM3.

It is a good time to accumulate local funds if you are working abroad...

Sorry, I don't monitor all funds in the market and have them at my fingertips. Maybe you can try a top-down approach in selecting funds by asking yourself a series of questions, why, when, what, how, etc. etc. on each of the following:

1. The investment and its objective.
2. The selected fund company.
3. The selected fund category.
4. The selected fund.

The fund comes last, and it is usually the top and most popular fund offered by that company in that particular category.

oh my goodness! Sukuk and bond funds went down -0.34% to -0.41% today. One of the better bond funds went down, this month, a total of -1.27%.

(Glad to pull all out 2 weeks ago after getting hit several days in a row. )

Equity Funds with 10-yr growth rate beating EPF: All of them.

"Constantly". This is a tough requirement to meet, and in a way misguided. There will be up years and down years... this is the reason to have diversity of funds in a portfolio.

This post has been edited by j.passing.by: Aug 28 2015, 01:05 PM

We were talking about Public Mutual funds...

FYI, EPF rates ranged from 4.50% to 6.75% over the past 10 years; CAGR 5.715%; growth of 74.33%.
All 7 of these funds in PM easily exceed 100%.

Over 5-yr: All 16 funds beat EPF.
Over 3-yr: 21 out of 22 funds beat EPF. The blacksheep missed it by a fraction: 20.38% vs 20.51%.

(Data as at 31-Dec-2014.)

Edit: Typo corrected in blue.

This post has been edited by j.passing.by: Aug 28 2015, 02:56 PM

You're welcome.

I think there is misplaced high regards to EPF rates, maybe because of short-term memory and comparison to FD rates. Rationally, EPF is a very conservative fund since it has to guarantee 2.5% dividend no matter what the economic situation is; and most EPF-approved equity funds - which are also conservative as bulk of the monies are in local equites - should easily beat it.

That was a 2nd try in catching me giving 'misleading info'...

Standard PM clockwork procedure... declaration on last working day of the month.

PB Asean Dividend & PB Growth. Serious... Asean fund is shortlisted for my Sept purchase.

Give more details, and will try to check why their performance were so bad...

What additional details do I need? Well, further details would clarify why you think they are bad funds, since looking at their performance charts since 2011, shows a different story than you claimed.

Maybe replace PBGF with PB Islamic Equity Fund; or maybe read my previous post on the need to amortise the high service charge; or maybe read the recent post on selection of fund using the top-down approach and review the whole investment again whether the selected company is suitable to your needs.

The PB funds offered by Public Bank is not as wide as those offered by Public Mutual. One can't walk into a Proton showroom and expect the salesman to offer better selection of cars not within the showroom... capish?

This post has been edited by j.passing.by: Aug 29 2015, 02:05 PM

Okay... long weekend... let’s briefly review August, a bad month for all markets.

How bad? Here’s some selected markets and 1-month growth:
NIKKEI 225 - 7.04%
TOPIX INDEX (TOKYO) - 6.61%
SHANGHAI SE COMPOSITE - 11.77%
SHENZHEN SE A SHARE INDX - 12.50%
HANG SENG INDEX - 12.27%
HANG SENG CHINA ENT INDX - 12.41%

KOSPI INDEX - 4.56%
S&P BSE SENSEX INDEX - 6.13%
TAIWAN TAIEX INDEX - 7.46%
S&P/ASX 200 INDEX - 7.64%

FTSE Bursa Malaysia KLCI - 6.41%
FTSE BURSA MALAYSIA EMAS - 7.72%
JAKARTA COMPOSITE INDEX - 7.42%
Straits Times Index STI - 7.70%
THAI SET 50 INDEX - 5.96%
HO CHI MINH STOCK INDEX - 8.08%
PSEi - PHILIPPINE SE IDX - 5.98%

RUSSELL 2000 INDEX - 6.12%
DOW JONES INDUS. AVG - 5.92%
S&P 500 INDEX - 5.46%
NASDAQ COMPOSITE INDEX - 5.85%

BRAZIL IBrX INDEX - 7.22%
S&P/TSX 60 INDEX (Canada) - 4.26%

FTSE 100 INDEX (UK) - 6.70%
SBF250:IND (France) - 7.75%
DAX INDEX (Germany) - 8.94%
FTSE Italia All-Share - 6.42%
SPAIN MA MADRID INDEX - 7.56%
PSI 20 INDEX (Portugal) - 7.51%

SWISS MARKET INDEX - 6.82%
AEX-Index (Neitherlands) - 9.95%
OMX COPENHAGEN INDEX - 5.31%
BIST 100 INDEX (Turkey) - 6.59%
FTSE/ASE Large Cap (Greece) - 22.61%
SASEIDX:IND (S. Arabia) - 16.35%

How will September fair? Who knows... but next week could be interesting.

Shanghai index was boosted after the lunch hour and closed 4.82% up, while HSCEI, which is more assessable to foreign investors, ended -1.14% down. It will be short week for China, as they will be off for holidays on Thurs and Friday, and Hong Kong on Thursday only.

Maybe the big foreign fund houses from US will do some clearing on Friday before they go off for a 3-day weekend, as the following Monday being Labour Day in the States.

============
How’s my portfolio doing? Positive gains this week after KLCI rebounded up from Scary Monday. (Day trader CIS made USD34 million in that 24 hours!) But still steep losses for the month; and quite okay that it was not 4 weeks losses in a row.

YTD still positive as I had cut down the equities to 20% by April... and got back in too early, adding back 30% from June till mid of this month...

Cheers. Keep investing.

I don't have to look into the links - as I know they are wrong.
These type of sites simply achived the NAV prices; and never adjust the prices after each income distributions.

See the performance chart from the official PM site: http://www.publicmutual.com.my/application...formancenw.aspx

Signed for the online service and checked the current value of your purchases...

Cheers.

Calm down...

Are you referring to the correct data? I don't recalled any funds with 300% growth in 4 years...

Look, we still don't know what's your problem and what you expect from your investment.

You first come here looking for better funds after claiming the funds you have are 'really bad'. This is like saying a new car just bought is a lemon and giving a bumpy ride. So you ask opinions for cars with more comfort. No matter which car you going to test drive will not resolve the bumpy ride, when it is actually the roads that are uneven and full of potholes that is giving the bumpy ride.

1. Do you know what is the current value of your funds, apart from the account statement, which I think was not really up-to-date.

2. Do you know how many units you currently have? You can do a quick calculation:
Number of Units x NAV price = Current Value.

3. Do you know where to look up the price list? Here is the link: http://www.publicmutual.com.my/application.../fundprice.aspx

This post has been edited by j.passing.by: Aug 29 2015, 05:40 PM

The DIY Investor

First, selamat hari merdeka!

After reading recent posts in this forum, I somehow got a general feeling that some folks who were purchasing unit trusts does not really know what they were up to - just like me last time!

Buy some funds, and becomes an instant investor. The fund manager will take care of everything. The UTC or fund agent will give advice from time to time. Everything will be fine and perfect. Can relax and wait for the money to roll in. Right?

Well, not quite. What they failed to understand is that they have become DIY investors. DIY is Do-It-Yourself. As in any DIY projects, it is hands on.

The fund manager is not managing your money. You have only bought into a scheme that pools money together to buy a range of stocks. And you are just one of the many customers of the unit trust.

The CEOs of the underlying stocks are running the operation of the companies. And likewise, the fund manager is running the daily operation of the unit trust.

The UTC is not giving you any advice on how to manage your money. Their job is to market the unit trusts, introduce what UT is available in the market or in the fund company they represent, and help you to select the appropriate UT.

So who is monitoring the progress of the UT purchased? Not the fund manager and not the UTC.

So the ‘investor’ can relax and be hands-off? When the progress of his investment was not up to his expectations, nobody can be blamed apart from himself.

Another common misunderstanding is that UTCs are often mistaken to be financial advisers/planners. Financial advisers/planners in the unit trust industry are certified and licensed professional, like those people who called themselves accountants or lawyers.

No doubt UTCs are also certified (by FIMM) and licensed (by the fund company to sale the company’s UTs), they are not same as a CFP (registered with FPAM). (To know more about FPAM: http://fpam.org.my/fpam/ )

If you think you are not up to the challenge of being a DIY investor, 2 things you can do:
a) Quit, and withdraw from investing into UT.
b) Meet a CFP and have your money managed by him/her.

(Sorry, can’t write much about CFP, as I don’t have any personal hands-on experience with them. But AFAIK, there are also packaged portfolios that are actively managed offered by some fund companies – see this link for more info: https://www.kenangainvestors.com.my/KIB/KIB...IsAMPPlus2.aspx )

Or you can plod on and learn along the way, by trial and error, sometimes getting it right, and sometimes getting wrong – just like moi!

Cheers. Keep plodding on!

Thanks for the clarification and contibution on this matter. I somehow knew you will chip in when I wrote that three letters!

Should have insert the 3 letters in the earlier post on retired investor and doing it DIY.

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

BTW if we walked into Kenanga or any other fund houses that have wrapped accounts, the personnel we would meet would be wealth advisors with or without CFP (and certaintly not a LFP). Or only CFP be allowed to attend to customers?

Am a bit puzzled by the above remarks. Why should we care what others think? If they think agents are cheats and liers, so be it. They are entitled to their opinions.

Similarly, if we choose to think that UT is a good investment vehicle, it is up to others to decide for themselves whether they agree or not. We are not here to convince anyone to our opinions - that our opinions are right.

And I definitely don't bother to convince anyone whether or not UT is good or not. It's their money, their own business... This is also partly one of the reasons that I don't reply to some of the posts, when I felt that the intention was just for the sake to 'score points'.

Their money... any benefits they gain from my posts, they don't share it with me. Any lost they made, I don't share the pain either! So, my friend, c'est la vie!

Back to Basics.

Keeping track.

The easiest way to keep track of your invested funds is by having Public Mutual Online (PMO). It is an online service where one can switch, buy and re-purchase funds (and also PRS funds) directly online.

Within it, there is also an account page showing the current values of your funds.

The account page shows the following:
Acct. No.
Fund
Joint Holder Name
Total Balance Units
NAV Per Unit (RM)
NAV Date
Total Balance NAV(RM)
Total MGQP
Scheme

("Scheme” is either cash investment or under the EPF-withdrawal.)

One shortcoming of this account page is that it lumps up all the purchases of the same fund into one line. So, to have more details and records of each and every purchase/switch I made, I kept track of them using Excel.

The Excel page has a similar look to the above account page in PMO, except that there are added fields, such as “Date of Purchase/Switch”, “No. of Days (holding the purchase)”, “Initial Value (RM)”, “ROI (RM)”, “ROI (%), and “Annualised Returns (%)”.

If you know a bit of Excel, you can also start with a similar page with the necessary fields as above; before adding on whistles and bells (colours, conditional formatting, etc.) to enhance the look.

The formula in “Annualised Returns (%)” (copied directly from my excel page) is:
=(POWER(K7/H7,1/(F7/365))-1)*100

Column K is current value.
Column H is initial value.
Column F is no. of days holding the purchase, which is the difference between the date of purchase and the current date.

Updating the NAV price.
After having the above columns and fields with the appropriate formulas in some of them, the current values can be updated by updating only the NAV date and NAV price per unit.

In the initial stage of developing this excel page, I manually updated the NAV price of each fund. Now, since it was enhanced by importing the NAV prices, it is much easier and the prices are updated almost every day and often, several times a day!

Tip: Import the full page of all the fund prices into a different tab. Import only the values, so that the format of the tab remains. The fund prices can be found here: http://www.publicmutual.com.my/application.../fundprice.aspx

Tip: In the main account page/tab, all the relevant info of the fund is shown again on the right side and off-screen. By scrolling to the right, the fund details and updated prices can be checked that it is correctly linked to the correct fund; since there could be new funds by Public Mutual and it could messed up the links.

Switching out.
As the funds grew and fresh investments added over time, there was a need to do some adjustments and make changes to the portfolio. To keep records of those funds that I switched out, I moved them to another tab.

2 extra info are also added: “Date of Re-Purchased/Switched”, and “Fund switched to”.

Cheers... have fun creating Excel page to keep track of your funds and their growth.

Back to Basics

EPF Investment Scheme into Unit Trusts
EPF members have an option to withdraw from their Account 1 and invest into unit trusts. For more info see this EPF webpage: http://www.kwsp.gov.my/portal/en/web/kwsp/...wal-eligibility

In summary, the amount that can be withdrawn is according to the Basic Saving Table, which shows the minimal amount based on the member’s age, and it is only up to 20% of the excess amount. And members can only withdraw once every 3 months.

To do this, one need to get hold of a UTC or go to a Public Mutual branch; since there is paperwork involved which needed your thumbprints. You can also go to a Public Bank and select to invest into a PB fund; but please note that EPF-approved funds in PB is very limited compared to the Public series. It has only 2 or 3 equity funds approved, while Public has more than 15.

But don’t be too concern about the limited choice since the approved funds are all similar with the bulk of their monies invested in the local equity market.

One important point to take note of is that when the fund is re-purchased (meaning sold), the money will goes back to EPF; unless you are 55 and above. When you are 55, the fund will be released by EPF and it will be under your sole control.

EPF vs. UT returns.
Below are the EPF dividends in the past 10 years:
1. 2005 5.00%
2. 2006 5.15%
3. 2007 5.80%
4. 2008 4.50%
5. 2009 5.65%
6. 2010 5.80%
7. 2011 6.00%
8. 2012 6.15%
9. 2013 6.35%
10. 2014 6.75%

A total growth of 74.30%, and annualised to 5.71% p.a.

Below are the EPF-approved equity funds with 10-years records, and their total growth:
(Performance as at 31 December 2014.)
Public Industry 130.60%
Public Index 144.37%
Public Regular Savings 185.04%
Public Islamic Equity 144.81%
Public Ittikal 144.47%
Public Focus Select 179.35%
PB Growth 180.33%

Please note that the service charge under EPF scheme is at 3%.

Cheers.