Hearsay they will re-open PIOF for subscriptions for limited time

The 1-yr performance chart for PIOF is pretty poor; dropped about 10% off its peak & underperformed its benchmark badly (benchmark +11.2%, PIOF +3.9%)

I think many have been selling/switching out of the fund - since those investors in the accumulation stage can't do DCA on it as it was closed; and those in the matured passive-income stage can't rely on it for either growth or income.

(No income distribution was announced on its financial year-end on 31/July.)

Their 5 & 10 years return is very competitive

10-yr total returns annualised to 12.4%, 5-yr 11.74%, and 3-yr 7.29%.

The problem is that the impressive growth is only for those who had started buying it years ago. Those who started buying it 2 years ago see it shoot up 18% last year, dropped off its peak by 10%, and YTD growth of -8.4%.

I have this fund, switched in in 2014 before it closed, IRR peaked at 15%, current IRR less than 4%. Was very tempted to switch some units out to bond funds, but having this dilemma of not able to switch back in after switching out for short term gains.

Oh well, will get more units if it is open...

wonder why re-open PIOF for limited time subscriptions

Public Mutual funds are a no no for me, the high sales charge goes up to 5%.. investors who enter are already at an initial loss

Perhaps u can consider DCA from 1/9 onwards

Their sales charge is 5.5%

+1

why buy PM, when FSM offers lower SC rate

got agents' service ma <tongue firmly in cheek>

This post has been edited by wongmunkeong: Aug 29 2016, 04:47 PM

Time for me to kacau this thread again

Actually, if the funds can outperform its peers in other asset management companies over long term, even if they charge more than 5.5% sales charge it'll be worth while. 5.5% sales charge annualised also less than 1% per year over 5 years

Question is, how does PM funds returns compare to its peers?
According to my trusted morningstar fund selector, Public mutual does not even made the first page of the 5 year annualised returns


Even 10 year annualised return also only 2 PM funds that made the list, small cap and islamic opportunities. For an asset management company that manages more than 50% of the AUM in the unit trust industry in Malaysia.... I'm more than disappointed

Honestly the argument is becoming stale, and PM is becoming irrelevant to the industry if they don't do anything about it. The only thing I can do as a consumer is to put my money elsewhere, and tell everyone I know to do the same

I'm keen to know whether PM will change as the UT landscape is changing rapidly with new players namely Fintech making headlines

So far they seem uninterested to change, at the end of the day, they have a sales force of 30,000. Even if only 1/3 is active, that's 10,000 agent who depend on the job to cari makan... if PM starts to offer lower SC or tier charges on different platform, these agents would probably mogok

That's what I observed that's stopping the life insurance industry to evolve

Still waiting for the robo advisors to come in and give FSM some competition

I presume changes will take place once the #1, Tan Sri Teh is no longer around

when we can expect robo advisors to come in?? any idea

normally how much SC they charge?

Public Mutual declares RM119m distrbutions for 11 funds
http://www.thestar.com.my/business/busines...s-for-11-funds/

The distributions (as usual) are a joke to me. PSMALLCAP is one of the best funds just 5 cents?

Bro, go to FSM thread and read Post #1 for explanation of what distributions mean in the context of mutual funds - it's meaningless.

I understand. It's virtually nothing as it's a distribution, not a dividend. However, looking at the amount declared as 5 cents is a joke. PSMALLCAP distribution used to be like > 5 cents in the past.

but still i keep on hearing from agent, u can make 40% profit easily lar, and blar blar,

dividend is great lar...

and then they point to you the straight line chart, naik naik naik,

and then u can guna epf hentam, no need cash upfront and blar blar...



This post has been edited by LDP: Sep 1 2016, 11:27 AM