i see... thanks..
Both new funds (Public Islamic Asia Balanced Fund and PB Islamic Asia Strategic Sector Fund) are moderate funds?

The transparency of mutual funds are somewhere between stocks and ETFs.

There are various reasons why they don't publish everything on a too frequent basis. They actually do submit a daily activity summary report to their trustee before publishing closing prices everyday. The trustee role here is to ensure everything being run fair and at the best interest of investors. All holdings of a fund are actually under name of the fund trustee and not under the mutual fund company. So even if your mutual fund company goes bankcrupt, your money are still there.

And all these trustee services are charged for a 0.07 or 0.08% (subject to a min and max amount) of the fund NAV.

I personally think that PB Islamic Asia Strategic Sector Fund will be an aggressive fund like Public Regional Sector Fund (PRSEC).

This post has been edited by David83: Sep 4 2007, 10:49 AM

hmm... not sure how aggresive it is .... sud just b moderate ...

but if you think market will come down soon, then its best to slowly move ur mutual funds to bond fund ... isn' tit ?

Public Bank To Launch Its First Islamic Regional Sector Fund

Public Bank will launch its first Islamic regional sector fund, PB Islamic Asia Strategic Sector Fund (PBIASSF) on 6 September 2007. This fund will be managed by its wholly-owned subsidiary, Public Mutual.

Public Mutual's Chairman Tan Sri Dato' Sri Dr. Teh Hong Piow said PBIASSF is an Islamic equity fund that seeks long-term capital appreciation by investing in a portfolio of securities, mainly equities, that complies with Shariah requirements from selected market sectors in domestic and regional markets. "A minimum of 50% of the fund's net asset value (NAV) and up to a maximum of 90% of the fund's NAV can be invested in selected regional markets which include Japan, South Korea, China, Taiwan, Hong Kong, India, Philippines, Indonesia, Singapore, Thailand, Australia, New Zealand and other approved markets. The equity exposure of PBIASSF will generally range from 75% to 90% of its NAV," he continued.

According to Tan Sri Teh, the fund will, at any one time invest in 3 to 6 most promising market sectors which include basic materials, communications, consumer (cyclical and non-cyclical), diversified, industrial and technology. The fund manager adopts a fundamental based investment philosophy in analysing the outlook for the various sectors of the regional markets. First of all, a Top Down approach is used to analyse factors such as macro economic outlook, business cycles, income levels and demographic trends of the various regional markets. A Bottom Up Approach is then used to determine which industries and sectors are expected to perform well based on the analysis of the key macro factors. Those sectors which offer good growth prospects and are expected to perform well based on the Top Down and Bottom Up analysis will be selected for investment by the fund. "PBIASSF is suitable for investors with aggressive risk-reward temperament," he added.

The issue price / NAV of PBIASSF is at RM0.2500 per unit during the 21-day initial offer period of 6 September 2007 to 26 September 2007. During the offer period, a promotional service charge of 5.45% of NAV per unit is extended to the purchase of units of PBIASSF by investors. Investors who opt for Direct Debit Instruction with PBIASSF during the offer period will also enjoy the promotional service charge of 5.45% of NAV per unit for as long as the Direct Debit is active. Terms and conditions apply. The minimum initial investment for the fund is RM1,000 and the minimum additional investment is RM100.

Interested investors can visit any Public Bank branch nationwide or call free-phone at 1-800-88-3323 during normal working hours to find out more about PBIASSF.

The manager of the fund, Public Mutual is the largest private unit trust company in Malaysia, and it manages 48 funds for more than 1,200,000 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=6256

Quick question. can i switch RM800 worth of units into money market? I don't have MM account yet. Switching only need to fulfill 1000 units min requirement rite?

You can switch whatever amount of units

Whether or not can switch to money market, I think yes (correct me if i'm wrong cause I've never had money market fund)

You can switch whatever you want into any fund. Doesn't matter if you have the fund account that you wanted to switch.

However, if you want to maintain the account (not losing the average unit cost) for the fund you wanted to switch from, you need to have a balance of 1000 units or RM 1000 NAV (not so sure about the which one is applicable).

I went to PM branch and they said I can switch into a 0 unit fund. Which I tried over telemutual yesterday. It is allowed

Switching has some condition, it must be exactly the same first holder particular and agent. Else the switching will be rejected

Yes, you can switch into a 0 unit fund.

I was referring to maintain the fund account without losing the average unit cost price. If you switch out fully, you'll lose the last average unit cost price which might be much lower than if you buy the same fund again.

AmInvestment launches fund for those averse to risk

KUALA LUMPUR: AmInvestment Bank Group is confident that its latest product, AmDual Opportunities - Capital Protected, will provide 6% to 8% returns annually attributed to the potential upside with the expected volatility in Euro against the US dollar over the next two years.

According to its managing director Kok Tuck Cheong, this fund is unique as it has two-pronged returns.

"The first portion comes from the volatility of the Euro against the US dollar. The payout will be based on the difference between an average of the six best and the average of the six worst monthly movements in the Euro and US dollar. The second payout is an additional payout of 5% arising if the initial payout is above a certain level," he said at the launch of the new fund Wednesday.

According to Kok, this fund would invest primarily (minimum 90%) in two-year zero-coupon negotiable instruments of deposits, which seek to provide capital protection.

"Also it attempts to gain capital growth by investing up to 5% in an option that derives its appreciation from the upward as well as downward movements in the Euro currency against the US dollar," he added.

The Euro, which is the single currency used in 13 countries of the European Union, is expected to be volatile due to factors such as the US subprime lending woes as well as rising oil prices that may lead to higher inflation and increased interest rates.

Kok concluded that the fund was ideal for investors who are risk-averse and want to preserve their capital, and at the same time enjoy yearly returns depending on market performance.

AmDual Opportunities - Capital Protected has a total approved close-ended fund size of 300 million units priced at RM1 per unit during the initial offer period from Sep 3 to Oct 2.

The minimum initial investment is RM5,000 while the minimum additional investment is RM5,000.

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

when will PM come out with a CPF?

Maybe they don't want to go into that direction ...

but i saw a draft by them before

Just to remind folks out there and not to mislead by the above statement totally, the 6-8% is not guaranteed, it depends on the volatility of the currency rate.
I had gone through its prospectus, it clearly still can have zero return rate if the volatililty of the Euro/USD doesn't exceed its hurdle rate and its targer rate.
Basically this fund is unique, the Euro/USD rate up or down is not matter, the fund will make money through volatility by its option, if the volatility is high aka as mentioned 6 average best - 6 average worst (in term of % and on each monthly), while if the time dispersion rate > target rate (around 3.75 max, will only deteremine after the fund bought the option in the market) then it gives extra 5% return rate
So the total return rate of the fund = 5% + time dispersion rate - hurdle rate

if the time dispersion rate below its hurdle rate then you get zero return.

Don't get me wrong here, I am not saying the fund is good or bad, just to share some inside and details of the fund. Just the word of 'will' should be changed to 'may'.

How much is the minimum to buy?

minimum 5k la

It's not a cheap fund to play.

erm, i got a question. I have purchased the PFEPRF fund during the initial offer period. I also made a SI for this fund.

There were these three conditions for the unique DDI offer
1. No Change of DDI amount
2. No Full Redemption
3. No Full Switching
4. No Change of Ownership

#2. states no full redemption. What does this mean? I cant sell off all my units at one go?
#3. states no full switching. How much of my fund can i switch then?

Btw, is there a number of times that you can make do switching?

6-8% expected return is not interesting for capital protected fund anymore. I expect higher. Last year I invested on ING capital protected fund and its return is close to 20% for 1 year. Last month, ING launch another capital protected fund targeting 20% annual return. Closing is next week.