By the date mate asking me, between these 2 funds. PB Cash Management Fund(Money market fund) is out of my consideration. As I missed its initial offer period, i.e. 8 January 2007. Now what is left only PB Islamic Asia Equity Fund(Equity fund - Syariah). Personally, I feel real interested in this PB Islamic Asia Equity Fund. Was wondering how close it can be like Public Ittikal Fund.

So far, I dun have any cash in Money Market fund. But about 17% of my total investment is in equity fund, 3% in Capital Guaranteed fund and 9% in Bond Fund. So,... if likely I would try to increase these 3 type of fund allocation first.

What the bad of it is,... I dun have much spare cash. Else, for sure I would hit it hard. Hish Risked fund, I never tried. Never know how good or bad of it...


This PBCMF is low risked, principal risks are interest rate risk, credit risk and liquidity risk. Its main difference as comparing to PBIAEF is its distribution policy is Annual income for PBCMF. As PBIAEF distribution policy is incidental(means: not so concern of). But I do believe that, this PBIAEF can give better return with its high risk profile classified.


Me also quite surprised to know this...


I think for your example is something like this, let say,...

Gross Distribution Rate is RM 0.0560 per unit, same meaning as Dividend at 5.6%.
Supposed that, currently your unit held is y units. Thus, the money value you would get back is,

y x 0.056 RM

Now, with this amount of money. You have 2 options. It's either you choose to reinvest (y x 0.056) RM back to your fund based on the new unit price that has yet to be declared(which you would be informed later by your agent).

Or you take back the money (y x 0.056) RM. Bingo, your got an extra income there.

Normally(actually should be 100%), the newly soon-to-be-declared-unit-price would be lower than your current NAV.


Not really... we take this new PB Islamic Asia Equity Fund for example. It's a high risked type of fund.

Are you referring to this fund? Asian Ittikial Fund?

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

Nope,... i meant Public Ittikal Fund(Moderate risked) that being launched since 10 April 1997.

But this Public Asia Ittikal Fund(High risked) which is launched since 22 August 2006. Seems that, This fund(PAIF) is still too young for us to hope for result or comparison purposes. Although I myself keep encountering uncountable times of people said, "Past performance of the Fund is not an indication of future performance."(it's like already pinned in my mind).

Well, I just see these 2 as Category of Fund: Equity Fund (Syariah). From their category type point of views.



cheers,

This post has been edited by edifgrto: Jan 12 2007, 07:19 PM

What I meant was the "PB Islamic Asia Equity Fund" that you were referring to? Is the same as PAIF or it's another new fund?

Sorry, silly me!

Brother, please refer to this site. As you can see, public mutual funds got 3 main categories. Namely,

• PUBLIC SERIES OF FUNDS
• PUBLIC SERIES OF SYARIAH-BASED FUNDS
• PB SERIES OF FUNDS

They are all different type of funds in different series. By the way, if I remember correctly, switching between these series is not allowed.

edi did you buy the new fund?

Mate can read from this post onwards(NO for both, no $ liao. T.T ). By the way, there is another new funds coming out by Public soon. If me not mistaken, I knew that from this thread. Your post is there too. Our news is faster than the local newspaper!

next week new fund i dunno want go in or not...... hey then you say 17% in equity fund, 3% in Capital Guaranteed fund and 9% in Bond Fund then where is the rest?

sudah makan

Stocks, Foreign currency, FD & under the pillow leh

hehehe, wufei has answered that. Just that, I never touch foreign currency. Still learning it now. Now studying those Forex experts exchanging experiences/opinions in other thread.

got keep under the pillow meh

To me it could be simply means something important, valuable that we can carry. Until we willing to put it under the pillow. Can be some cash in hand for rolling purposes. Nothing wrong lah...

By the way, this Public Asia Ittikal Fund(PAIF) so strong man!!! Sold 82% within its 4 weeks time due launching! Dammit,... it's like some people said, not my money, won't goes into my pocket...

edifgrto, is there any charges if want to do switching in Public Series of Funds or transfer money between 2 funds in there?

ante5k posted earlier:

sold out doesn't mean it will perform le you can always change to it right?

It's performance is quite strong. Since its inception date till now, the return is roughly 9.50% [attachmentid=182573]

I should have buy this fund. It's performing better than PFES.

This post has been edited by David83: Jan 27 2007, 03:55 PM

Anyone care to explain in a layman term.

[/QUOTE]# Price for transactions on 17 January 2007 will be published on 19 January 2007 due to change of price publication policy from FMUTM. From 17 January 2007, the buying and selling price on a Business Day will be published on the 3rd Business Day.

KLSE : 1139.71
EMAS Index : 7512.82
Last Updated : 17 Jan 2007[QUOTE]

http://www.cimb-wealthadvisors.com/

# Price for transactions on 17 January 2007 will be published on 19 January 2007 due to change of price publication policy from FMUTM. From 17 January 2007, the buying and selling price on a Business Day will be published on the 3rd Business Day.

KLSE : 1139.71
EMAS Index : 7512.82
Last Updated : 17 Jan 2007i dunno what fund your talking about but i guess it's a global 1.....since global market close at different time they cannot complete the valuation of the stocks the manager is holding therefore they will be publish at a latter time subject to approval from the SC...... so the newspapers can only publish the price on the day after tomorrow.....something like that.....if there is anything wrong please correct me o cos im noob only

So far I never try switching, but I keep pidah's statement very well for references. Just in case if when I think of a need to give it a try. i.e. "when the Composite Index going higher, the Fund Manager will switch the Equity fund to Bond fund/Money Market Fund (Fixed Deposit) where as here you will gain more RM."

This is something called OFFSHORE FUND. For example, take a look at Prudential page. It got 2 group of funds price. Top dated as at 17th, and the bottom dated as at 16th of the month. This is because some of its funds(that bottom one) are invested in oversea market. Thus, for the transactions done in oversea. They need some time to calculate the gain and lost. Thus, what you seeing in CIMB is dated 16th on 18th January 2007. Meaning that, let say if you want to redeem all your units in one of your funds. The NAV is only based on the third day from the day you decided to redeem.

hmm mm,... example make things clearer...

Suppose you got 10000 units of one fund.

Day 1, NAV is 0.5622
Day 2, NAV is 0.5625
Day 3, NAV is 0.5680

Then in day 1, you wanna redeem all your units. You won't know your actual value you gaining back later. But only till day 3. Thus, the amount would be

10000 x 0.5680 RM

= 5,680 RM



PS: if in Day 3, NAV is 0.5600(means decreased, touch wood!). You would gain back 5,600 RM.


This post has been edited by edifgrto: Jan 18 2007, 02:43 PM

suddenly bumped in this site

first let me correct this
PUBLIC MUTUAL only has Public series of funds and Public Series of Syariah-Based Funds.(PDUT Funds)

PUBLIC BANK has the PB series of funds which is managed by public mutual
(IUTA funds)

No switching or transfer is allowed between both Public Mutual Funds and Public Bank Funds.
Also switching is free for Mutual Gold Customers.. investment of loaded funds 100k and above.. (Mutual Points)

ps just making sure u guys know but i think u all do...cheers
interesting thread.
have u guys checked out the new PRU fund being launched,CIMB and a few more by CITIBAnk in the next few days.