PM Fund NAV prices for 7th August:

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The local share market could see somoe bullish trend till GE. It's up to you to make the finest decision.

Switching will be at NAV price. Therefore, no service charge imposed.

You need to pay RM 25 switching fee.

HLG Unit Trust says latest fund is timely

KUALA LUMPUR: HLG Unit Trust Bhd is confident its latest fund - HLG Asia-Pacific Property Income Plus Fund - will perform well given the rapidly growing demand in the for Asia-Pacific property sector.

"The timing is excellent and this fund has been structured to capitalise on the thriving property sector in this region," HLG Asset Management Sdn Bhd executive director and chief executive officer Richard Lin told reporters at the launch of the new fund in Wisma Hong Leong on Wednesday.

Lin said that this fund would primarily invest into fixed income securities to seek regular income and stability of capital.

"Also it attempts to gain long-term capital growth by investing into derivatives or options that offers exposure to Real Estate Investment Trusts and property related equity securities from the region.

"The stock market has good prospects for the next twelve months due to the strong underlying economy and the current volatility is due to external disturbances," said Lin.

He added that rising rental incomes and lack of supply in countries like Singapore and Hong Kong would contribute to the overall performance of the fund.

Lin said that the recently launched HLG Asia-Pacific Infrastructure Fund was a tremendous success. Its initial fund size of 400 million units was fully subscribed within six working days.

"HLG subsequently increased its fund size thrice to a total of 1.1 billion units.

"HLG's has a total fund fund size of RM2.31bil as at Jul 31," he said.

HLG Asia-Pacific Property Income Plus Fund has a total approved fund size of 600 million units priced at 50 sen per unit during the initial offer period from Aug 8 to Aug 28.

Minimum initial investment is RM1000 while minimum additional investment is RM100.

This fund is distributed through HLG's Unit Trust Bhd's agency force, Hong Leong Bank Bhd, Standard Charterd Bank Malaysia Bhd and ABN Amro Bank Bhd.

URL: http://biz.thestar.com.my/news/story.asp?f...07&sec=business

You should expect that it'll be GREEN since KLCI shot up 17.04 points today.

Anybody performed any topup or AI today?

I also wanted to topup my PFEPRF but I chose to do it on PFES. Last I did once to PFES and PAIF.

I'm lacking of cash to do topup. Perhaps now is the good time to topup as you could acquire more units.

If you top up after 4pm on Thursday, it'll be considered as next day transaction and therefore, the unit price will be as if you're topping up on Friday.

I topped up using PBebank (Internet banking). Therefore no statement from the bank but it should be reflected in the PB account statement if you update your passbook. I'm referring if you're maintaining an account with PB and you topup from your PB account. Not using the 3rd party payee form.

But still, you're receive a letter from PM regarding this topup or AI. On top of that, you'll also receive interim statement every half; dating on how many AIs you have done.

In order to know your fund details such SRR and average unit price, this statement you need to get it from your servicing agent. Demand for a monthly statement or update from him/her.

This post has been edited by David83: Aug 10 2007, 10:37 PM

It's not that convenient to go to PM branch. For instance in Penang Island, the branch is at Pulau Tikus in town which 20+ km away from Bayan Lepas.

The Agent Office is a big suck!

You always go to the PM branch to print your funds' statement?

Your agent didn't send the statements to you via email?

Your agent is a total suck, man! You better give him a warning that if you don't serve you in a reasonable manner, you will withdraw all the UT under his agent code.

My agent also didn't call me when there's new fund is released. Usually, I'm the one who give him a call to ask if the new fund is good to invest.

Wondering why there's no 50th Merdeka promotion from PM on their funds?

What sales? I'm referring to special Merdeka promotion.

Public Mutual Sold More Than RM2.5 Billion for 3 New Funds

KUALA LUMPUR 13 August 2007 - Public Bank's wholly-owned subsidiary, Public Mutual announced that to date, more than RM2.5 billion worth of units of its Public China Select Fund (PCSF), Public Far-East Property & Resorts Fund (PFEPRF) and Public Islamic Asia Dividend Fund (PIADF) were sold.

Chief Executive Officer Yeoh Kim Hong said the demand for PCSF has been tremendous with more than RM1 billion (or more than 4 billion units) worth of units of its PCSF sold since it was launched in June 2007. The Company has recently increased the fund size of PCSF to 6.5 billion units to cater to the high demand of this fund. She explained that PCSF is an equity fund that seeks to achieve capital growth over the medium- to long-term period by investing in a portfolio of investments in the greater China region namely in Hong Kong, China and Taiwan markets and including China based companies listed on overseas markets. The fund is suitable for investors with aggressive risk-reward temperament.

At the same time, Public Mutual's recently launched property and resorts fund, Public Far-East Property & Resorts Fund (PFEPRF) also received good response from the investors. To date, more than RM500 million (or more than 2 billion units) worth of units were sold. Launched on 10 July 2007, PFEPRF is an equity fund that seeks to achieve capital growth over the medium- to long-term period by investing in companies that are principally engaged in property investment and development, hotel and resorts development and investment, and real estate investment trusts (REITs) in domestic and regional markets. This fund is suitable for investors with moderate risk-reward temperament.

The Company also announced that it has increased the fund size of its Public Islamic Asia Dividend Fund (PIADF), launched in April 2007, from the existing 5 billion units to 6.5 billion units. "The demand for this Shariah-based dividend fund is overwhelming. To date, more than RM1.12 billion (or more than 4.5 billion units) worth of PIADF units were sold," Yeoh said. PIADF is a moderate-risk Islamic equity income fund that seeks to provide income by investing in a portfolio of stocks in domestic and regional markets that complies with Shariah requirements and which offer or have the potential to offer attractive dividend yields. The fund is suitable for investors with moderate risk-reward temperament who prefer to receive income while capital growth is secondary.

All these three funds are distributed by Public Mutual's 20,000-strong unit trust consultants.

Public Mutual is the largest private unit trust company in Malaysia, and it manages 47 funds for more than 1,000,000 accountholders. As at 31 July 2007, the total NAV of the funds managed by the company was RM23 billion.

URL: http://www.publicmutual.com.my/article.aspx?id=6225

I wanted to take more shots but too bad that I don't have much cash in my wallet.

Switching funds require to pay RM25 for each successful transaction. I think I want to hold my equity funds for a while. Somemore, no forms for me to do so.

I used to have extra original copies but they were expired when PM updated the forms.

Not aware that photocopy is accepted.

I have asked my agent to send me the Telemutual application form. Not sure if the form has arrived.

This post has been edited by David83: Aug 15 2007, 11:14 AM

Switch to Bond funds if you want to lock your profit. PSBF or PISBF would be a good choice.

OMG ... you're not aware that Bond funds are for temporary parking during bear period like this.

Well, for the mean time, we have several options and they're:

1. Acquire more units with lower unit price.
2. Switch out to bond fund to lock whatever profit you earned so far and switch in back later when then market is in a more optimistic shape. You'll lose your average unit price if you don't maintain minimum units in the fund that you wished to switch out from.
3. Hold on with whatever you have and hope the bear won't last long.
4. Withdraw the funds and enter later. With this you'll lose your average unit price.