That is right. At the moment people are acting more defensively, and move with news.
Since the O&G and plantation sectors are expected to do with better results, people tend to trade selectively.
Coincidently, a few of our heavyweights are in plantation sector, so that made our market rallied, leaving majority of the stocks behind.
So what we're experiencing now is not a rally across the board like previous years, so small traders are at a loss because they have no chance to participate in this rally.

Dali is right at some of his points, but a thorough read on his article, he is stating it very generally across the industry, and at times includes the situation in US. So, his view has its points, but I doubt the accuracy of it. There are still companies that can generate returns that outperform their respective benchmarks repeatedly. So, you decide

If not mistaken, India market is quite similar to China market, they are not totally close nor totally open free market like Singapore, Korea or the rest of the world, there are some restrictions so in this kind of market, US and global equities effect has lesser impact, they tend to move on their own theme, just like China, DJ can plunge 300 points but they can move in opposite direction.

India has its own huge population next to China, so as what Cherroy said, their wealth is great enough to sustain their own market.
If I am not mistaken, their per capita is quite high in Mumbai. With lots of developments now taking place around Mumbai and Dubai, the country is creating more jobs.
So, they still have the capacity to boost the market further when they're fully developed in my opinion.
By the way, which fund did you invest for India's exposure?

if i'm not mistaken,
dubai ->Arab, not india

Ah, sorry for my mistake. It is one of the UAE, and not India.
Thank you for the information

Yes, but not the same, msot of India isn't exposed to US while China is directly affected. There were articles of the debate sometime last year regarding this issue published in SG business news. However, many do agree the different between China and India, the key different is that China has many direct exports to US whereas, India doesn't. Since last year chinese toy export was hit as issue surfaced due to high % of lead and harmful chemical found in toy exported to US, worse was to come when Chinese FOOD esports were equally hit so much so that many items were removed from the shelf including those in SG. A survey from US had it that, US can't live without China due to low cost imports and cheaper pricing as compared to their local production.

Not forgetting, CHINA now has investment in US buying into banks where hardest hit by subprime issue. India is banging on domestic demands just like China, but where is the US effect? So far, I can't say so for chinese equity fund for now as its folllowing the rest of Asia, but not Indian's fund. Yes, market analysts had warned that Indian funds had run up too much and are focusing on China for 2008, but its anybody guess.. Just look back in the past, I still remembered reading in the press about analsysts quoting Thailand funds were bargain compare to the rest and worth buying into (2006-2007). What happen? Due to its political problems, it hardly surfaced as the top pick and true enough, it wasn't even one of the performing funds. Instead, India (60+%), China (50+%), and then the surprise of the pack, Malaysia was among the top index moving with some 30+%

Whether China can move as quick as it used to be is another issue for now, unlike in 2007. Observing the index swing almost everyday, I am not so sure that this year, chinese index will move as fast as it used to be (I am not saying it won't rise). Don't forget, its no longer the beginnning of the bull run.. Its into the 5 or 6th yr of the bull run... can any market sustains long term growth without ever pausing? I doubt. I am learning my lesson from my past investment mistakes and equally learning too... how market sentiment can simply change the entire trend.. Until that day when investors say, enough is enough, and started buying.. you never know when the market will turn up again.. much less recession fear is gripping everyone for now and even FED is considering more agressive interest rate cut for the next meeting.. which means... something not right is happening.. but stop short of saying what... US president is also trying to perk up the market due to coming GE... same thing like in MY now... BUSH is coming out with all sorts of feel good effect to be implemented... something which is well known... whenever GE is near. So market is really what is suppose to be now? I don't know, but I think I will likely pull out for now .. and wait for calm to return.


This post has been edited by bbmars: Jan 13 2008, 11:12 PM

As a reminder, during the subprime crisis, China also was somewhat decoupled from the problems in US, as what India is experiencing now.
A lot of people jumped into China's bandwagon during that time, because they have the same opinion as you have now.
So, will history repeat itself on India is still a question
Just a friendly advice that you have made your thorough analysis on this. We ought to learn from mistakes done by others, as well as our own mistake

Regards

To me, whether India will be another China. is not important. What is important is do you have the guards to dare or dare not invest believing in what you think should be. Do you believe the story of India or china? I know, I had people telling me all sorts of things. If you believe, invest in them. Else, don't. I am am not so sure for now... So I am holding back all my UT investment except thosed already committed and pending further action as I am wondering what's up with the market as new reporting season is about to begin, but I am not so optimistic about it.. I had already sold out all my stock position at the end of last year as I was anticipating something, but not sure what it was... I would rather clear my position because I doubted. However, I won't dare say anything for now but I am watching not just the Indian market, but any UT that can shine even during rescession like what I did in 2001, where all else were sinking and bleeding, but the Korean market was rising like hell fuel by local demands. So there might be some gems to pick up too.. Besides, bonds could be another alternative which I had made some during the recession...

This post has been edited by bbmars: Jan 15 2008, 12:50 PM

sorry, i've a question here to the agents out there -> My question is, I've submitted DDI previously on Fund A that deducts every 8th of the month, now I'm thinking to submit another DDI that deducts on 18th, on the same Fund A as well (same acc), is that possible ? Thanks.

I don't think it is possible to have 2 DDI for one account.
You can check with your servicing agent though, just a phone call will do
They are getting commision from your investment, so don't make their life so easy

I think you can increase the DDI amount.

thanks guys~ yep, will ask n see how

let say I wan to invest RM1000
so which price shld i get?yest?

Today's price, determined tomorrow.

MAAKL Mutual launches new fund
KUALA LUMPUR: MAAKL Mutual Bhd has launched a regional fund called MAAKL Shariah Asia-Pacific Fund.

MAAKL said in a statement the new fund would focus on markets such as China, Hong Kong, Indonesia, South Korea, Malaysia, the Philippines, Taiwan, Thailand and Australia.

Chief executive officer and executive director Wong Boon Choy said the new fund was designed to invest up to a maximum of 98% of its net asset value in Asia-Pacific syariah-compliant equities and equity-related securities.

"Additionally, the fund will invest in a diversified portfolio of syariah-compliant equities and equity-related instruments, as well in Islamic money market instrument with emphasis on high growth potential and/or undervalued stocks relative to the assessed true value," he said in the statement.

The fund is suitable for investors seeking to invest in a diversified portfolio of stocks listed in the Asia-Pacific region that conform with syariah principles, those seeking a medium- to long-term investment horizon between three and five years, and investors willing to accept a moderate to high level of risk.

The fund aims to provide long-term capital appreciation. Fund manager Meridian Asset Management Sdn Bhd will continuously adopt an active strategy in meeting the investment objectives.

The approved fund size is 600 million units, which will be priced at 25 sen each during the initial offer period from Jan 16 to Feb 5. The minimum initial investment is RM1,000, while the minimum additional investment is RM100.

URL: http://biz.thestar.com.my/news/story.asp?f...55&sec=business

which unit trust / fund investment offer the highest return rates annually?
And how many percentage annually?

This question might be too subjective or vague.

Every UT has different portfolio, strategy, different sector play/ theme in nature.
One can be magnificient in one year, also can be the worst in another year compared to others if market condition is not favourable.

Even I tell you xxx fund is a top performer last year with zz% return rate, it can be making a loss this year also.

This post has been edited by cherroy: Jan 17 2008, 03:16 PM

That is true of what cherroy said. We may compare companies through their track record of consistency, but not funds. The performance of funds are affected by its underlying performance which would change rapidly from time to time. So we cannot just take past performance as the only measure of profitablilty.

so on rough scale, how much % return anually can we expect from a high perfroming companies?

This post has been edited by woopypooky: Jan 17 2008, 04:42 PM

In this case, the range of return annually that could expect would be from -30% to 70%.
As stated before, when market is good, UT can be good as well as vice versa.
Hope that it answers your question