It depends on how "greedy" you're. You can sell them off now or you can keep it till it gained more.

The starting NAV for new funds is usually at 0.2500 but one has to remember that it hasn't include the upfront service charge. That means that you're buying at 0.2636 (5.45% of service charge during initial period).

It'll be considered low if and only the fund performs and move upward. You'll be break even if the NAV reaches 0.2636 and any price beyond this will be considered as your capital gain.

If the new fund didn't perform and move downward like recently hit some new funds like PCSF, the initial NAV will not be the lowest.

If you're going to park your money for a very short duration, money market fund will be better since no fee incurred.

No need to have account also can perform a switch.

When you switch to another fund, your transaction is based on NAV. No 6.5% service charged incurred. Just RM 25 switching fee if applicable.

No charge because you're switching your loaded units to an equity fund. Correctly me if I'm wrong.

Loaded units mean units that has been charged for 6.5% service charge.

You may not able to switch in the exact amount since the price are different. You may left some loaded units in your bond fund. Let say, 5 or 10 units depending on the NAV.

Sorry for confusion ... let's forget about the number of units.

Just tell your agent to perform a switch of units worth RM 5k of NAV. They will do all the appropriate calculation for equivalent number of units.

In conjunction with the introduction of new SEA fund from PM. PM has prepared a nice article on SEA potential growth.

Riding on ASEAN's Growth Potential

It's a two-page article and available at http://www.publicmutual.com.my/article.aspx?id=6306

Happy reading.

Official release on PM PSEASF:

http://www.publicmutual.com.my/page.aspx?name=pseasf

My agent is keep saying that my switching from PSBF to PFEPRF will impose RM 25 fee.

I'm a little confused now.

MMF stands for money market fund or also known as cash fund.

It depends on how big is apetite. One investment style might not suit another. dzi921 is more to short term profit reaper.

May I know what is meant by a term called "averaging down" and "averaging up"?

Let say if top-up every month and the fund is growing in the upward trend, the average unit cost price is climbing higher and higher but in terms of 0.000x ... does this mean averaging up or what?

It's PM series fund. You need an agent first.

You need to take a qualifying exam for that. The exam isn't cheap too.

No extra service or what. It also depends on how "available" your agent will be. Bear in mind that your PB agent is also a PB staff that needs to perform his or her jobs at the PB branch apart from selling the PB series fund.

I don't understand this statement. What you meant by FREE 2 times switching? Switching from one equity fund to another equity fund does not have charge.

Yes. Any local funds like PRSF or funds that have high exposure to KLCI. Otherwise, offshore funds with greater exposure to Asian, China or Far East market won't be affected that much if these markets are doing well.

I couldn't get you with the term cash investment. What're referring to?

This post has been edited by David83: Oct 7 2007, 01:05 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.

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