HI All PM members, Guru's,

Need some advice. My PM agent met with my dad and myself yesterday and informed that PNREF is closing on 2nd Feb 2016 we were advised to either continue with DDI /RII or switching from other fund - bond to this PNREF fund before it closes. Currently in loses due to the global market condition

As for myself my capitals are low around 20 K so I am considering switching from my other bond fund and will continue DDI on monthly basis. However for my dad he has 200 K plus and the agent was suggesting to DDI btw 1K- 10 K every month or switch 50 K from a bond fund he has to average down and continue monthly DD1 in smaller amount. He is considering switching from the bond fun now.

Is this a good move ? What are the risk involved ? Since this is huge amount of money I'm concerned if we are making the right decision. This was meant to be his retirement funds which I was hoping will help him in later days.

I am seeking some clarity as which could be the safest way of not losing much more and hopefully choose the right action to sustain until it can break even. Is it advisable to average natural resources now by switching from bond or make a standing instruction to make monthly deduction to average it.

Thanks in advance for your thoughts

I know this is not a direct answer to your question; but I'm curious to konw what is the reason for it.

AFAIK, there is no help to an UT investor in knowing the historical prices.

a) UT is unlike gold, where the past prices could form a base whether the curent price is cheap or otherwise. UT prices is readjusted after each income distribution, and this will make any historical comparison difficult over a year or more.

b) A better gauge to use and ask would be how it had performed in the past; and the measurement is its growth. And the chart for the growth performance is easily available - http://www.publicmutual.com.my/application...formancenw.aspx

But take note that either historical prices or performance growth is in the past, while the investor is investing for the future, and can only use past history as a rough guide to try to predict how the fund would perform in future.

Edit: last sentence reworded.


This post has been edited by j.passing.by: Jan 29 2016, 02:47 PM

it's in human nature to still wanna know

I doubt anyone here can give you a reasonable answer as each investor has his own financial objective, and buys the appropriate fund to achieve that objective. And each fund is different from another in terms of risk and volatility, and a foreign fund has an additional risk over a local fund in currency risk.

(Yesterday's and today's strenthening of the ringgit against USD and other currencies have immediate impact on the nav prices. But how it will be in future or near future - who knows for sure... it will take either a brave or a fool to say this or that fund is the right fund that we should hold.)

In general, you will need to review the reason(s) why you had initiated on PNREF over other funds, or maybe it is one of many funds. Review why the investment was that way before, and decide whether to continue on or not by reviewing what circumstances have changed since then.

Personally, as I'm a consevative investor, I stay away from China funds and PNREF, and maybe Indonesia fund too.

The maybe in Indonesia fund was because the Indonesia fund has very high volatility and it is very persuasive to get it & out for some fast gains. Or fast lost if I got it wrong.

This post has been edited by j.passing.by: Jan 29 2016, 02:36 PM

Thank you

Happy Chinese New Year everybody.. May the year of the Monkey brings Prosperity, Wealth and Happiness!

Public Bank's wholly owned subsidiary Public Mutual declared distributions amounting to more than RM104 million for four funds for the financial year ended Jan 31, 2016.

Public Index Fund - 2.25 sen per unit

Public Islamic Optimal Growth Fund - 1.00 sen per unit

Public Enhanced Bond Fund - 4.75 sen per unit

Public Money Market Fund -3.00 sen per unit

I would strongly recommend that you consult your agent. He is a trained agent and the one that is managing both yours and your dad's investment portfolio. Since both of you have invested a substantial amount of money, I believe your agent must be good in what he is doing. Ask him for the rational of his recommendation. It is best to trust and consult your agent. Afterall, he is the one that is holding your money not us.

Just my 2 cents bro

Bear in mind this is Public Mutual; usually the 'agent' or UTC is not a trained financial advisor; the UTC is more or less a sales agent... and he never holds our money. Our money is invested into UT funds and managed by the fund manager(s) who is charged of the UT. From day one, the money via cheque or otherwise was made out to Public Mutual...

Please do not be confused a UTC with a licensed financial advisor, who usually charges a percentage on the asset under management (AUM) annually. While the UTC earns his commission from the service charge on each purchase.

The AUM amount is separate fee from the initial service charge on each purchase of any UT fund, and the annual management and trustee fees incurred in the UT fund.

As often mentioned before, do not expect too much from any UTC by expecting extra services which the investor was reluctant and had never paid.

I wanted to start investing in public mutual

Where do get all info about it other than Google blindly?

this is a good place to start...(alot of info and many linkages)
http://www.publicmutual.com.my/

If I were you I will think twice about Public Mutual.

If I were you, I will not think about Public Mutual...... at all!

Xuzen

I am awared about our state economy performance...

So this is not the right time to go for it?

Twice because I think their Bond/MM funds are still worth the investment. Equities are no-no to me.

It's the funds from this company not performing. High service charges and low performing funds.

Their good bond fund are mostly closed for new capital injection......

Xuzen

holy...I always thought PB has the best bond fund now. Does any bank provide better options?

I shall see how the flow go....

I will do some reading first.

Tq

yup, markets rallying this week and more are getting interested in UT.

The Indonesia fund up 7.18% this month, lossing a mere -1.7% in Jan, while other foreign funds still struggling to recover their double digits losts last month.

No, still not having Indonesia fund in my portfolio... just stating a thought on the futility of chasing funds. Portfolio changed from 60% local equity / 40% MM in early Jan to 40% local equity/30%MM/30%bonds.

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Those sukuks and Infrastructure bonds on both Public and PB series are currently among the better bond funds (within the PM universe)... they are relatively newer funds than those closed funds with longer track records.

Hi,
Noob question here. Just wanna ask how repurchase price is determined. Say at 8 pm February 18, 2016 PDSF price shown at Public Mutual website is RM0.2592 as of 17/2/2016. So if I repurchase at 8 pm February 18, 2016, price is the 17/2/16 price which is RM0.2592?

This post has been edited by starry: Feb 18 2016, 09:30 PM