in one year, investor are entitled to 2 FREE switching (equity to equity or equity to bond/MMF cos when u invest in equity u already paid 6.5% sales charge)

so in one year, after the FREE 2 times switching.. the 3rd time onwards will be charged switching fee of RM25.

If the first time u invest in bond, then u wanna switch to equity, then will kena 4.5% sales charge.

Always check with the comp or ur agent about these charges.. cos these are borne by investors.

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Added on October 7, 2007, 1:10 amyes. if u invest in overseas fund, even if KLCI crash, the fund not so badly affected. Unless the regional got correciton lor.

Cash investment can invest in overseas funds, and can do switching between local funds and overseas funds. New ruling is that EPF cannot invest in overseas funds nor perform switching from local funds to overseas funds. So there are a little difference between EPF and cash investment

This post has been edited by nissin: Oct 7 2007, 01:10 AM

Every year got 2 FREE switching? This is something new to me. Where you get this info from?

But no matter how, switching from equity to equity or equity to MMF is still free no matter what (no RM 25 charged).

I'm wondering if your 2 FREE switching is applicable to switching loaded units from bond back to equity.

Thank you.

hi david83!

yes. this applies for all UT companies. EVery year investors get FREE 2 switching. per fund per year. This is stated clearly in every fund prospectus.

u are rite about bond have to bear 4.5% if switch to equity. This only happens if in the first place u invested in bond cos u only pay 2%.

whereas, if u invest in equity in the first place, and wanna switch to another equity fund, there is no sales charge involved. And this is first FREE switching in the year alone. RM25 is charged as switching fee, not part of sales charge involved in switching between funds.

Switching fee is different from sales charge.

Depends on each UT company..
But they usually sends your statement at most quarterly..
I request my agent to review my funds with me on a weekly basis..
You could try negotiate with your agent to do a review with you..

I can't find this in Public Mutual prospectus...as I know, Public Mutual doesn't give 2 free switching per year...and the switching from equity fund to equity fund has RM25 charge. Only switching to money market fund is free of switching fee.

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Added on October 8, 2007, 10:48 amIf Im not mistaken, only the income of the fund which come from dividend will be taxed...if capital gain, then no tax.

This post has been edited by leekk8: Oct 8 2007, 10:48 AM

CIMB upbeat on trust fund

KUALA LUMPUR: CIMB-Principal Asset Management Bhd expects unit trust fund size to grow to some RM8.5bil by year-end from RM7bil presently, said chief executive Noripah Kamso.

Besides the CIMB-Principal Steady Returns Bond Fund 3 that was launched Monday, the asset management company is expected to launch another four funds, two in Malaysia and two in Indonesia.

The four new funds were "highly likely" going to be offshore equity-based, Noripah said during the press conference after the launch.

The CIMB-Principal Steady Returns Bond Fund 3 is a closed-end fund with fund size of RM150mil.

Noripah said the newly launched fund, which would invest in both local and foreign sovereign bonds, was likely to generate a return of between 5% to 6% per annum.

Executive vice president and head of fixed income Nor Hanifah Hashim said the asset allocation could either take on a defensive (60:40 ratio), or base (50:50), or aggressive (40:60) approach, she said.

The selection criteria included minimum yield of 4% and minimum A rating by RAM or MARC for local bonds, and at least 5.5% yield and BB1- rating by foreign rating agency for foreign bonds, she added.

Nor Hanifah said the foreign bonds might include Australia, New Zealand, Vietnam, Hong Kong, Indonesia, the Philippines, Singapore, Thailand, South Korea, Taiwan and India.

Noripah said aside of the Asian exposure, the newly launched fund also provided lower risks and regular income bi-annually over the fund period, which were ideal for investors who were planning for children's tertiary education, holiday or retirement.

Furthermore, given that they were foreign sovereign bonds issued by the respective government, they were unlikely to be affected by sub-prime issue or credit crunch concern, she added.

The application fee is 1% of net asset value but a fee of up to 1.5% may be levied on any withdrawal made before the fund matures. The fund is open for investment until Nov 21.

URL: http://biz.thestar.com.my/news/story.asp?f...56&sec=business

what are ur returns like in this funds ? do u get around 12% ?

There's no guaranteed return..
It depends on equity and the investments of the funds..
Some funds gain way more than 12%, some funds gain less, and some even lost..
Still back to the "higher risk, higher potential return" basics..

Any malaysia fund paying dividen approximate 20% per years?

if u found one, do let me know

lekk8,

Thankyou for the answer.

i remember early before have forumer here suggest gathering.i myself also supported it.better still is if the gathering can have long duration like 2 day,then we can broke the gathering into small session like UT,stock<insurance,financial management...

however,a lot forumer here have enter parent stage,some are also executive,it may not be easy...

How we wish If really got and is a guarantee type hor...

Yalor...if really got...i seriously sell off all my funds and SHOW HAND on this...come on!!!!

who knows maybe next year ASN comes out with 1 lol

foreign funds got offered 19% dividend.

Any example of such foreign funds? It's beter to have the name too.

Supporting details..?
Don't just say it, show it..
Is it guaranteed..?
Any terms and conditions..?
Which company is offering that..?

I think you should be aware that there were times when Swisscash claimed they offer 300% return over 18 months..
Do you think this will not be the same..?
Have you done your research on this..?

perhaps.. we have to get a little more transparent about this thingy called 'dividend' here..

my guess is, it's not in reference directly to a stock dividend.. a unit trust dividend / distribution works differently than an individual stock would.

that so-called 19-20% dividend is seldom seen in stock (malaysia, with its dividend yield of over 5% is already considered attractive in global standard)

and how the ex-dividend pricing affect both stock and managed funds are different too.. do you all notice this?

Securities Comission has approved for increase in Fund Size for PUBLIC CHINA SELECT FUND

From 6.5 billion units --> 8 billion units

Hot hot fund

i would like to invest in any UT. if u have agent...who is full time doing UT,very experience and good service...do inform me...contact me through private msg....thank you~