Public Mutual launches healthcare global equity fund

KUALA LUMPUR: Public Bank’s unit, Public Mutual, launched the Public Healthcare-Global Equity Fund (PHGEF) on Tuesday.

It said the global equity fund will invest primarily in the healthcare sector as well as other sectors with long-term growth prospects in the global markets.

PHGEF aims to invest 75% to 98% in equities, with up to 98% in foreign assets.

Public Mutual’s CEO Yeoh Kim Hong said investors seeking to tap into global healthcare trends as well as the long-term potential of the global markets may consider investing in PHGEF.

“PHGEF will invest at least 30% of its net asset value in healthcare-related stocks and collective investment schemes, with the balance in other sectors with resilient growth and long-term structural trends, ” she said.

https://www.thestar.com.my/business/busines...bal-equity-fund

Will park here for 2 years. It better be good

Same thought... put for at least 2~3 years then see how since FD really sucks nowadays

if just for beating FD and just for a duration of 2 yrs, why select this and need to pay 4.5% sales charge instead of other almost similar fund that charges less?

Pls recommend the other funds similar to this one on healthcare (mask, gloves, sanitisers, vaccine)

Try these two not from PM:

Put more fund today to pgsf via epf i-invest.

Public Mutual declares RM301m in distributions for 10 funds



https://www.thestar.com.my/business/busines...ns-for-10-funds

Good gain from PGSF after just one week coming back in. Majority investment in US and sizeable allocatiom in S&P 500 based etf and Nasdaq, QQQ

yes, good ride since last few days.....
but to some, it had been one trill of a ride for the last 3 months


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Fantastic week... for Asian funds too.

Made 2 switches last Friday... then another one on Monday.

Then another one on Tuesday, PB Global Tech & Health... was still not too late... still managed to gain 6.08% in 2 days.

The equity section in my port at record high, all switched in from April onwards... highest at 24%.

Good news all around... Biden leading... but I am still very cautious, maybe hold on the equties till early Feb (before CNY) before trimming them.

(The worst switch was PSEASF in June... the only one in the negative... all the other funds are in Asia Pacific and Greater China. SEA region most likely not doing as well as far-east region... economy growth and recovery strongly link to how well the countries handled the covid-19 pandemic.)

This post has been edited by j.passing.by: Nov 6 2020, 08:29 PM

5.5% sales charge and 1.8% annual fee

If put 3 years would be 5.5+1.8+1.8+1.8 = 10.9% fee

on this annual fees charges ...
try to check and read the prospectus of that said fund to determine if similar info as per highlighted in the "green" box (of the attached image), is available or not.

from there, maybe you will need to amend the way your math computation as above should be



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which means it is more than 1.8% annual fee due to compounding effect on daily basis

if refer to RM amount it maybe lesser too...as it depended on the NAV of that day
but if according to % then it is the same...just 1.8%

This post has been edited by MUM: Nov 28 2020, 08:38 PM

Are you sure you are asking what you want to know?

Maybe I'm reading it wrong, but anyway, below is copy and paste from previous posts...


"As for the annual management fee and trustee fee, I don’t really pay much attention to them.. What we should understand is that the reported return on any funds is the net return..."

"As mentioned in an earlier post, a variable priced mutual fund is re-priced at the end of every business day; and its NAV/unit price is then made known latter at night or the following working day. NAV means NET Asset Value; meaning the value is a net figure and already taken into account its management & trustee fee..."

Lastly, we don't pay any annual fee in Public Mutual funds. We only pay the one time sales charge, which is a sales commission.

Some online investment platform or online fund agents may have annual fee for using them to purchase funds indirectly from the fund companies, but their sales charge or commission is very much lower... as low as 1.5% or lower.

EPF i-invest has 0% service charge (effective from 1.05.2020 to 30.04.2021)... and no annual platform fee.

(But if you are referring to and interested in the above stated fund, it is sold only by PM and its agents... cannot buy it elsewhere. Open your wallet, and pay the commission.)

milking u dry
they think healh care can make money
i am not very sure

Net return minus off sales charge to be exact.

Annual fee is already factored inside. means it has annual fee. statement is there. no matter how someone twist it, one still cannot deny the fact that the management fee is 1.8% per annum.

to make it more clearly, if annual management fee is 1.8%, it also means that they charge their customer 0.00493% daily

say, if you have invested RM10k (take off sales charge of 5.5% will leave you RM9.45K. everyday they will minus off 46 sen (assuming the NAV stays constant).

so if the UT consultant say, our fund can perform an average of 8% per annum. you will have to expect the investment return is 10% in order to offset the management cost to give you 8% return per annum

Public Mutual declares RM263m in distributions for 11 funds

KUALA LUMPUR: Public Mutual Bhd declared distributions amounting to more than RM263mil for 11 funds on Monday.

It said in a statement, the distributions were declared for the financial year ended Nov 30.

Public Mutual, a unit of Public Bank, is Malaysia’s largest private unit trust company with more than 160 funds under its management.

As at end-October, the fund size managed by the company was RM94.8bil.



https://www.thestar.com.my/business/busines...ns-for-11-funds

my two fund oso listed