You would think so right? But I don't think PM plan to do anything yet. So it's either PM will go down or the entire unit trust industry will go down because PM is so big in Msia. Robo advisory will come soon enough and the internet savvy folks won't need agents and mediocre returns

Oops, make me feel bad pulak. But as usual, would you consider moving to other distributors to sell funds from other fund houses instead. May be win win for you and your clients

If you have time and interest, I'd suggest you look up on FSM recommended portfolios and basic to investment and lukenn past posts in the forum. He's a UTC who survived our bombarding. Too bad he stopped commenting here . Now, contrast that with what your upline advocates.

TLDR: Most investment literature advocates diversified portfolio across asset class (EQ:FI:property etc), geographical segment and sectors. This is practised in real life as well as demonstrated above.
But what most PM agents advocate is - buy 100% equity funds; only switch to bonds and MMF in crisis. Why? If I have to speculate, it has something to do with their commission lor

I agree that agents exist to serve a market that need their service. But at the same time, I feel that most agents in Msia is below par. Particularly for PM, all they seem to do is to get a list of fund of the month (EQ or balanced funds only) from their upline to promote to their clients. Or when the market is heading south, advise to switch to bond or MMF as temporary measure. What about assessing client's risk appetite, even when market is going up, is 100% EQ funds suitable for most retail investors? What about asset allocation strategy?

Investors with PM are not stupid, a lot of them made good returns in the earlier years. The question is, do they pay attention to the latest developments and choices out there in the market or just trust their agent whole heartedly?

What I attempt to do here is, provide an avenue for people who are clearly not happy with their returns to see for themselves how does public mutual funds fare compared to other competing funds. If they bother to google i supposed

You seemed a really confused soul

People tell you ABC but you keep thinking about XYZ

Ok, regardless of situation 1,2 or 3, your returns come from increase in the value of the underlying assets as compared to the purchase price. The increase in the value of the underlying assets could be in the form of
- share price increase
- dividends paid by the underlying stocks
- foreign currency exchange gains (in the case of foreign assets)

So can you see that the 1,2,3 situations are irrelevant?

I don't have answer to your question But just in case if you didn't read the previous discussion on this thread, see the quoted comment above on how to save SC on FSM if you redeem from Pub Mut to buy funds on FSM

Its FOC if you plan it right

Well, you can change agent, or you can leave Pub Mut and go DIY on cheaper platforms. We have already show you how to transfer for free and all

What are you waiting for?

Err, move units sure no more career benefit lor. I thought she came and make kesian face and plead so you won't transfer out etc

Wah.... sai em sai ar

Anyway, I'm surprised FSM ask you to contact Eastspring directly cos so far I did 2 and they would handle the whole thing themselves. There was even 1 with party they have never handle before.

The relationship manager called to confirm my intention to transfer, but that's about it lor. Ohh... try to sell me another fund pulak, I thought that part was quite hilarious la

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

Plenty.... just not Public Mutual Funds

See popular funds in https://forum.lowyat.net/topic/4193169

I think once you attain certain AUM then got free switches geh. But if switch lai switch ki also cannot make much money, free also no use

Fundsupermart = 1.75% for both cash and EPF investments for funds from various fund houses

Don't buy from public mutual. Have you compared the fund returns across fund house lately? You can use this site

Morningstar

For your easy reference, I've also taken a snapshot of 5 year annualised returns below. To come to the conclusion I previously drawn, yup, public mutual fund returns still sucks, the 2 PM funds within the screen I could capture




Cost is not everything, if I pay 5.5% service charge and get net returns higher than those i pay 1.75% service charge, I still make more money ma. The problem is, this mega fund house charge ppl extra and give sub-par returns, means you lose on both ends

This post has been edited by dasecret: May 16 2017, 10:03 AM

Sell and buy on fundsupermart at 0% sales charge, read few pages back on this thread, there's clear instructions on what to do

Fundsupermart distributes funds from various banks (except for Public mutual and some other agent centric funds like cimb DALI, Hong leong) which gives you the flexibility to invest on the better/best funds in the market without being limited to a particular fund house

Fundsupermart (FSM) also offers managed portfolio which requires less research and homework from the investor as fundsupermart selects a pool of diversified funds based on your risk appetite. The only downside of this service is minimum subscription of RM10k, and 0.5% service charge per annum. But honestly, still much better than sub-par performance from public mutual with upfront 5.5% sales charge

Besides, if you show them proof you liquidate public mutual funds and move to FSM, they would waive the sales charge of the amount you moved over. So you don't lose much from liquidating

Hop over to https://forum.lowyat.net/topic/4193169 for more details

Thanks for trying to give a more balanced view, but I also added above on some of the options he has. And IMHO, using another public mutual consultant is one of the worst choice that he has. The problem is not so much of the UTC really, the PM funds across the board sucks. You just need to read the last 3-5 pages of this thread and contrast that with FSM's. Numbers don't lie

I've been saying that since last year... I wish Securities Commission would do something about it. At least figure out what is the issue in Pub Mut that result in such sub par performance. But I do understand the regulator's challenges. Too much regulation is bad for business, too little regulation and you get cowboys

In order for the asset management industry to grow, they cannot be seen as an inferior product distributed by inferior sales consultant who just want to close sales

Especially with EPF-MIS, if a lot of ppl get <EPF returns, what do you think the investors impression would be. Even I would be screaming unit trust cheat money

p/s: My EPF-MIS is doing well btw

Eastspring as well, about 1.5 years portfolio; 10% annualised (didn't have the balls to go EI SC 100%)

Hmm, not sure what you are trying to imply.

I consider myself a big advocate of FSM, not because I've issue with paying sales charge, I've actually paid sales charge to deserving UTC but it's harder to find a good UTC than to DIY these days. So I do actually share with family and friends on how to go about using platforms like FSM and my personal fund allocation strategy. FOC just like what I share here.

To be honest, since I started about 1 year plus ago, I believe I've created some awareness here on perils of PM if you read up the past posts in this thread. Of course there are more work to be done. Asset management industry is a big one with growth potential. It is very wasted to see it being seen as a cheat money tool by agents and eventually being made redundant

And I think you may not have kept yourself very updated on the fintech developments. These days the online platforms do not just work for DIY users, there are robo advisory platforms or similar ones that provide full service to the investors who didn't want to spend time studying what funds to buy and how to rebalance. With systematic methodology and research to back it up, isn't it much better than the "personalised service" by UTCs who are usually hit and misses

Aiya, ppl made it very clear that cannot say negative things here... even if it's backed by facts

Actually we help new/existing investors here to see how they are in a sinking ship and what are their options to keep afloat or better still, move faster

For EPF MIS you buy normal UTs also, just that the list of funds allowed under EPF MIS is a subset of what you can buy on FSM (other than PM funds) and public mutual using cash.

Fundsupermart charges a maximum of 1.75% sales charge compared to 3% by PM. And it's DIY means you decide what funds to buy. The client investment specialists are available for advice also, you just need to email them to ask.

In terms of fund returns, the best place to check would be log in to your EPF online account and there's a portal for you to see. I screenshot a couple for you to see what it can do. Generally, PM Msia equity funds performed much lower than its peers



You may have better chance with PM foreign funds, but generally you would see a lot of popular funds on FSM to be on the 5 year highest returns chart





This post has been edited by dasecret: Oct 9 2017, 02:17 PM

I thought mutual gold has x times of free switching per year? Are you within the 90 days penalty period when you switch?

EPF MIS investment (from EPF Ac1) maximum sales charge is 3% for any fund house.