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 Public Mutual Funds, version 0.0

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contestchris
post Dec 31 2016, 03:06 PM

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Guys what are the sales charge fees to enter Public Mutual, and what is the annual MER (Management Expense Ratio) of their funds? Is it in line with other funds from companies like CIMB-Principal, RHB, Eastsprings and TA?

If Public Mutual has higher MER than the other fund companies in Malaysia, that may explain their lower than normal returns.

I think the best way is to educate yourself and buy "open market" funds from the companies I listed above rather than closer market funds like PM.
contestchris
post Jan 9 2017, 01:30 AM

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Guys, how long does it take to cash out a Public Mutual Fund? Say, I put in a request to take out the fund tomorrow morning. But when does it get deposited into my bank account?
contestchris
post Jan 11 2017, 10:05 PM

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QUOTE(e_X @ Jan 10 2017, 10:38 PM)
For PMO i can invest fund like Public SmallCap and for FSM like Kenanga Growth right? Minimum for FSM is 100?
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PM SmallCap is a OK fund, but it has got a much better peer in the same class - the Eastspring Investments Small Cap Fund. Be it over 1, 3, 5 or 10 years, the Eastspring Small Cap Fund outperforms the PM Small Cap fund.

Edit: Of course it goes without saying that Small Cap funds have a high volatility, so it should never be a short term investment (1-2 years). It should ideally be a long term investment for 5+ years. This is because it could swing from +30% to -20% to +10% to -5% to +40% in a five year period for example due to the volatile nature of the small cap market. But once you annualize it over a long term, you get very respectable return rates per year.

This post has been edited by contestchris: Jan 11 2017, 10:15 PM
contestchris
post Jan 11 2017, 10:30 PM

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QUOTE(e_X @ Jan 11 2017, 10:23 PM)
Yeah, I know and ready for the long term investment but I don't want auto deduction from my bank. Can I just manually transfer but using m2u/cimbclick/ etc etc? If auto deduction I cannot stop it when got emergency cases, if manually I can manage to add funds for 6 months straight or hold 6 months for emergency cases.
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I don't know about FSM, but logically you can manually do it. Today put in say RM1,000. Then in 2 months add RM150. Then in 5 months add RM350 etc. Should definitely be possible. Minimum top up amount is usually RM100 for unit trust funds.
contestchris
post Jan 17 2017, 10:13 PM

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Public Mutual agents are very intellectually dishonest. They still con people saying got high dividends when the truth is the fund made negative returns for 2016. Very incompetent fellas, only saved by the incompetence of the general public themselves on matters regarding investment and unit trust.
contestchris
post Jan 18 2017, 10:55 PM

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QUOTE(effectz @ Jan 18 2017, 10:53 PM)
I had done this. don't forget account number and fund name. 1 letter for each old agents. I got two.
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Why need agent? You can't buy/sell yourself online (via Public online or whatever they have)? If so, that's disappointing. I thought PB will allow only self-management.
contestchris
post Feb 10 2017, 08:17 PM

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QUOTE(effectz @ Jan 26 2017, 11:18 PM)
Exactly why I switched to other fund.
Distribution is one indicator for performance
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lol bro that's stupid. Distribution is not AT ALL an indicator of performance. Many of my top funds have zero distribution. Meanwhile PM funds got high distribution but negative yearly performance, what's the use? Distribution is totally irrelevant lah. Unless you are 65 yo, retired, and live off dividend income only.
contestchris
post Mar 11 2023, 11:51 AM

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QUOTE(hong999 @ Mar 11 2023, 11:36 AM)
Past performance does not guarantee future return.
This is reasonable and fund house favorite quote when the fund performs poorly.

Again, using my fund as an example, based on the longest period data that I can obtain:

27/10/2003, Fund price: RM0.47 , Bursa Index: 657

09/03/2023, Fund price: RM0.68 , Bursa Index: 1433

Fund price grew 145% over 20 years, Bursa index grew: 218% 20 years.

Lets the figure speaks.
Only income distribution makes the difference, capital gain is a joke rclxub.gif

When income distribution also turned bad, time to cut lost.

Salesman always use fancy brochure and new fund to lure its victim, beware.

In house fund seldom shares their performance chat in Malaysia unlike oversea fund house, therefore the consumer can only rely on brochure sheet and limited info access to form the investment decision.

I will end my discussion here and Post #2801 of this thread shall be my valuable experience to you all.
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How much income distribution and splits in that period??
contestchris
post Apr 21 2023, 02:38 PM

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QUOTE(xander2k8 @ Mar 15 2023, 06:13 PM)
Instead of buying PB shares you should buy their parent company LPI instead which owns PB
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Completely untrue, LPI Capital owns Lonpac in Malaysia and 45% of a general insurance company in Cambodia. It is is no way the parent company of Public Bank. Market cap RM4.5b vs RM75b
contestchris
post Apr 21 2023, 05:06 PM

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QUOTE(confusedway @ Apr 21 2023, 02:57 PM)
refer to the annual report 2022 (pg254) from LPI website, LPI is technically own by 'Consolidated Teh Holdings Sdn Berhad' (with 42.74%) which shareholder is 'The late Tan Sri Dato’ Sri Dr. Teh Hong Piow'...

https://www.lpicapital.com/downloads/annualreport2022.pdf

and if you refer to Public bank annual report 2022 (pg319) from public bank website, PBB is also own by 'Consolidated Teh Holdings Sdn Berhad' (with 21.64%)...

https://www.publicbankgroup.com/media/nhvfq...-compressed.pdf

Thus both LPI Cap & PBB are separate companies and the only share a common shareholders which is Consolidated Teh Holdings Sdn Berhad...
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Yes at best Public Bank and LPI are sister companies since they share the same major shareholder, the estate of Teh Hong Piow. LPI is in no way the parent company of Public Bank.
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