Did anyone take a look at the latest quarterly fund review? Why da heck pmb publishing something that's so misleading..
Public Mutual Funds, version 0.0
Public Mutual Funds, version 0.0
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May 8 2016, 11:09 PM
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#1
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258 posts Joined: Aug 2008 |
Did anyone take a look at the latest quarterly fund review? Why da heck pmb publishing something that's so misleading..
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May 9 2016, 12:03 AM
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#2
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258 posts Joined: Aug 2008 |
QUOTE(ohcipala @ May 8 2016, 11:32 PM) They show return(%) by using the lowest & highest NAV of the year instead of the distribution(%). The distribution is shown but in cents, unlike previously got % as well.All these while got rules for agents must be honest la, cannot mislead la, bla bla bla... Now they publish something which is almost impossible to achieve. How can someone able to invest precisely at the lowest NAV & sell at the highest NAV? I feel pity for those fell for these in the next few months. |
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May 9 2016, 12:28 PM
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#3
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258 posts Joined: Aug 2008 |
QUOTE(T231H @ May 9 2016, 02:30 AM) yr posting,..."They show return(%) by using the lowest & highest NAV of the year instead of the distribution(%)." I may have missed seeing it...can you pls provide a screen shot of the word or any indications that the "RETURNS %" are by using the lowest & highest NAV of the year...." I got this from PM site... http://www.publicmutual.com.my/LinkClick.a...ug%3d&tabid=248 yr posting...."The distribution is shown but in cents, unlike previously got % as well". they announces distribution in SEN per unit. http://www.publicmutual.com.my/LinkClick.a...jQ8%3d&tabid=87 What if an agent decided to use the Annual Returns column to some older 1st time investors? Dont you think they will be 'wow' by the superhigh returns which is in %? And do you think it's possible to get lowest NAV by prediction? Yes, all these years the distributions are announced in term of cents but the % will be shown QFR in order for the investors to gauge on how much they've earned. Using cents only will need manual calculation to get the % where some older investors might not know how to do so. Lastly, why PMB show returns based on Annual returns which clearly contradict with their previous advise to all their investors, 3-5yrs thingy? |
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May 9 2016, 08:18 PM
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#4
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258 posts Joined: Aug 2008 |
QUOTE(T231H @ May 9 2016, 01:43 PM) 1) UTs investor can gauge how much they earned from the distribution if the distribution is in %?.... 2) you are "regular UTs investor".... 3) FHs cannot use Annual returns to gauge the fund performance over a period of time... I sorry, I cannot answer more of your questions, because 1) I don't gauge how much I will earned from the UTs distribution, be it if the distribution is in % or in SEN...as a matter of facts I don't bother with UTs distribution...b'cos it makes NO different to my investment value. 2) I am not a regular investor......therefore what can I tell you as u are a "regular UTs investor". 3) I NOT only use annual returns to gauge the fund performance over a period of time....but I also use peer to peer annual return and annualized returns comparison of it performance and its RR ratio too.... Since you've a hard time understanding my intention, let me make it simpler: Using the annual returns column, an agent can project investment with FD - 3.x% of interest = 10000 can get rm300+ of return annually. But with the shown fund PXF - 10+% interest on previous year, it's leading the potential buyer, 10000 can get rm1000+ annually. I'm not all agents are using such tactic but there are some agents will use such tactic. |
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May 9 2016, 09:37 PM
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#5
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QUOTE(wongmunkeong @ May 9 2016, 08:43 PM) bro - on the distribution (it's called distribution, NOT dividend, for a reason), it doesn't matter Yes, i've no argument on the distribution calculation part. I'm saying instead of using distribution data, the latest information is making use of the lowest/highest NAV of the year, which is contracting with the so-called DCA.T231H is stating the obvious and this mis-assumption on UT distribution is common - it is literally of no impact other than diluting units. Total total - one will still hold the have value on the VERY INSTANCE before and after eg. 1:00pm NAV $1 / unit before distribution, held 1000 units, value held = $1*1000 units = $1,000 VS 1:01pm $0.10 distribution per unit, thus i get $100 and reinvested at NAV $0.90, that's 111.111111111 (infini) NAV become $0.90, now i'm holding $0.90 *(1000 ori +111.11111infini) = $1,000 value STILL HELD pardon my rounding/infi 1s Of course if U insist that people should invest with the focus on distribution (no, there is no dividends per say given by UTs), then no harm/foul - that's your reality Let me make it clear, I've been saying the information projecting very impressive annual returns which is not, & not arguing on distribution calculation. For me the distribution data is 1 of the ways on checking the fund performance yet why so many are obsessed saying all my arguments are incorrect even tho i never shown any calculation on distribution part. |
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