read post# 980 page#49
just posted by forumer today

Now is a good time to buy, but not necessary from PM

To give you an idea, compare top 7 MY funds from PM vs top 7 MY funds in Malaysia

There are a lot of ways to look, each column provides different meaning

For example, the 3 year risk return ratio is the 3 year annualized return generated per unit of risk being taken.
Generally, the higher the number, it means that within the same class of fund (equity / fixed income), it generate better return given the risk it took
Lower number generally means the risk you need to bear doesnt worth the return it generated.

the other cumulative performance data with different dates tell you about how each fund perform for different period, whether some funds perform better or worse recent or long term wise, which can generate better or certain returns than others

for more comparison on your research, refer to iportfolio.com.my or fundsupermart.com.my or bloomberg or morningstar, but the main idea is this:

PM is only on of the many fund houses in Malaysia, each fund houses had different strength in certain areas of performance, and as you will see, for each region/sector/class, they topped by different fund houses, therefore, it is important to research and compare before you decide which is better to invest, be open minded in exploring information

IMO is hard to interpret it as a standalone value

For example, money market tend to have high RRR due to low volatility/ nil fluctuation, however that return may not be what you desire

RRR is best to compare with several funds

For example, within malayisa region equity fund, you can compare which fund has higher RRR compare to its peer, it will generally means that given the risk it takes, it can generate better return than its peers

Its best to compare it in conjunction with their return within the same period the RRR were measured

The picture I attached previously were sorted by RRR descending, so the top one usually can be intepreted as the better fund that can generate high return for its volatility

That is the basic way to choose a good fund, if you want to go deeper, you proceed to study each fund's FFS, PHS and annual report to understand what they invest and why such a difference between funds

Personally I choose eastspring small cap for 4 reasons:

1) Sales Charge :

Public Mutual charge SC about 5% to 5.5% per investment, which may not seem much if you invest once, but to me who advocate to DCA every month by income, that will be costly to me

For Eastspring, I can buy from FSM from 0.5% to 2% SC per investment, lower cost to DCA for me

2) Performance :

From the performance data and chart that I posted previously along with the website you can check, EI small cap beat Public small cap by some margin

3) Flexibility :

Staying invested in an isolated fund house platform, I find it hard to switch around and compare between peers if the market doesnt turn well or you want to diversify into something different

In FSM, I can compare and switch between fund houses if I forsee another fund house having a better fund that what I own now, invest EI small cap in FSM allows me to switch to different fund houses in the future within the platform

4) Documents :

PM hardly publish FFS publicly to update their investors about the fund update, whereas other fund house they provide FFS on their website by monthly, easier to study and compare within FSM

That is just my opinion, I haven't have the knowledge to read in depth in the fundamentals of what they invest, what difference do they make and their future potential prospect, so I just provide my basic reasoning

As far as I know, small cap in Malaysia is still an inefficient market, therefore investors or fund manager can try to compete for information, insight and careful selection to outperform the market.

Though it is less risky compare to sector specific like property funds, it is still riskier than large cap funds, so it is advisable not to put what you cant afford to lose into this segment
Unless you are lucky or very rich to have a very good agent or financial planner that will update you promptly and advise you accordingly, chances that you will need to self study and understand your investment to prevent being cheated and misguided by own sentiment and peer influence

I have been through that, and still learning

Just wish to spread this awareness in some self study on your own investment