This should be temporarily some of the funds were invested,outside the country like PCIF you buy now for 21 cents it could be in few months gaining more than this you should take this opportunity to buy now. Trust me it will increase soon. We're not investing in stock market which effected very high unit trust is a long term investment. So it is a good time to buy

This post has been edited by MX510: Mar 10 2008, 07:16 PM

What are you talking about?
Equities type unit trust surely invest in equities, but you said "not investing in stock market"

The election result affects most on the companies which has projects in Penang, Perak, Kedah and Selangor. However, this should be temporary. As the state government changes, investors worry that the projects have changes, so they choose to be cautious.

Uncertainties not only come from fear of projects might be reviewed also from the how the new state government will manage their states. A lot of hope now being put for the new state gov form by opposition. They hv to live up to the expectation n fulfill their promises...else...more uncertainties

all this translates to fear...and sell down...
Yesterday sell down seems to be more of panic selling by domestic investor.

On another note....democracy seems to b back in the country...many thinks that in long run it will benefits the country & economy as it will brings more transparency & better management.

GLC though will suffer...no more favouritism

HI Fellow members,

I am new and have some question regard PM fund:

1) I heard ppl say that dun buy a fund that don't finished selling after lauched certain period of time. Example: Fund size is 1.5 billion, after 1 yr of lauching only managed to sell 0.5 billion. They believe the fund may not be as good/attractive as other fast selling funds. So not encourage to buy. Is this true?

2) If I issue a cheque to buy the fund, will I get my fund purchased immediately on the day when I submitted my purchase (with related that day's price) OR they only buy for me when my cheque is cleared after 3 days (with after 3 days' price)?

1) It really depends....mostly all the funds in PM oso haven't finished selling but still have high demands. You have to look at the fundamental & prospect of the funds to decide. How hot is the funds selling sometimes might not reflect the true value/prospect of the funds. So, have to evaluate the funds 1st

2) Your purchased is determined on the day it was submitted n not the time the cheque clears. However, if your agent submitted your purchase after 4pm, it will b consider the next day price

Thanks for your reply Kingkong!

In fact, I want to do some investment and finding a suitale fund to invest. My fren recommend me to buy new fund from PM (called Pulic Islamic Treasurer). But looking at volatility that our share market performed yesterday (10-Mar), it don't hv confidence in our domestic market.

When I tried to looked the the list of price of the funds posted online by PM, all the fund showing red (drop in price). I don't wish to see my $ got shrink in the bank but yet I am a bit hestiate to invest. Can you advise me?

Thanks!

Go for long term investment (3-5 years) if you are with PM. However, a good time to invest is when the indicator is red...

This post has been edited by guanteik: Mar 11 2008, 06:13 PM

i also over heard about cimb wealth advisors that is also run unit trust..is there any different with PM?

Generally if you ask me when is the time to buy...I would tell you it is when the market is down, coz that is the time i get some good bargain. When market is up, it is time to sell.

So, generally, you should not only look at current situation only...the funds you are looking at are for long-term growth. Hence, you should evaluate the fund prospect instead before looking at the price.
To me, currently Asia, as well as ASEAN region are having a better prospect in growth in the future, so it might worth to look into funds that invest in this region.

On local front, our country now is under a lot of political uncertainties which has affected foreign & local investors confidence...as of this few weeks, it will be volatile until a more stabile & steady government was form in all states & federal level. If everything goes well with a better governance fr opposition...in long-term future Malaysia will have a good growth prospect.
---my 2 cents, make your own judgement as well--

So, Unit Trust fund is investing in future, hence it is long-term...if u only look at short-term period, unit trust will not give wat u wan.

Today i manage to get 30k cash investment :-) so happy hehehe hope this weeks rocks

There are a lot of companies selling unit trust fund. CIMB is one of them.
The funds that they offer might be different or same in terms of investment strategies.

CIMB or not doing very well many of my investor already with CIMB move to PM, and their consultant also moving from CIMB to PM :-) my brother who invested with CIMB showing me the statement there's no profit in it. So you can decide which one to choose .

hi
wanna clarify with u guys

is it true, if a fund register growth of 15% per year, but when management fee (usually 1-1.5% per year) and service charge (usually 6% for PM) is taken into account, net growth is lesser
ie
15% - 1.5% - 6% = 7.5% only

is my thinking is true?
or is it not?
becoz in lipper and even morningstar fund, there's a note saying that the growth calculated is not taking into account other fees.

Normally the fund performance you see didnt calculate the service charge, but management fee is included. As the fund NAV published everyday is already deducted for the management fee and trustee fee, so we only need to deduct the service charge, and this service charge is just charged once until you sell your fund.

Yup, management fee is deducted from the fund NAV daily.
So if a fund performance based on NAV stated 15%, then the 15% is already taking accont of management fee.
So net profit for investors = 15% - service charge(5-6.5%)

for those new to investment and reading above post,

do note only saving are guarantee gain,investment can gain or lost.

if you can not afford to lost,you may buy bond fund and money market fund,the return may be not that great compare to equity fund howewer.

The NAV price are increasing after the elections :-) those who invested last week untung a bit already

This post has been edited by MX510: Mar 14 2008, 06:36 AM

For domestic, KLCI drop 9.5% on Monday and until now still not even recover half of the loss that day, how you can say now untung if invest last week? Only untung if you invest on Monday.

For asia, most of the countries index drop quite a lot yesterday, still cannot see untung.

As an agent, please be alert to the market situation and don't say that unit trust investment sure gain return. Any investment might earn or lose.