PSBF is Public Select Bond Fund? What's the difference between PSBF and PEBF?

PEBF has a higher risk and higher management expense ratio.

This post has been edited by David83: Mar 7 2007, 09:24 PM

Just some add-on from David83's post,

PEBF is Public enhanced Bond Fund, as at 29th Dec 2006.
Money Market Instruments & Others 22.79%
Equities & Derivatives 18.42%
Fixed Income Securities 58.79%

Total assets by country as at 29 Dec 2006.
China 0.01%
Philippines 0.09%
Singapore 2.58%
Malaysia 97.32%

Top 5 Holdings as at 29 Dec 2006,
Valid Ventures Berhad 8.44%
Public Bank Berhad 5.70%
Malakoff Berhad 4.80%
Special Power Vehicle Berhad 4.41%
Puncak Niaga Holdings Berhad 3.83%

Total return for
6 months is 9.26%
1 year is 10.49%

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PSBF is Public Select Bond Fund, as at 29th Dec 2006.
Money Market Instruments & Others 37.50%
Fixed Income Securities 62.50%

Top 5 Holdings as at 29 Dec 2006,
Diversified Venue Sendirian Berhad 7.22%
Lembaga Kemajuan Perusahaan Pertanian Negeri pahang 7.21%
Special Power Vehicle Berhad 6.79%
Malakoff Berhad 4.07%
RHB Capital Berhad 3.98%

Total return for
6 months is 3.99%
1 year is 5.32%



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See anything good from above?!
Data collected from Public Mutual Funds Quarterly Fund Review. Quarter 4, 2006.

Thanks, edifgrto for your information.

Seemed like PEBF is not bad, as it invest a small portion in asia market...
The 10% annual return looks so attrative

Most important is, both of the funds charge 0.25% service charge.

In my humble opinion, I think it's really because of how they invested. As you can see how the 10% return correspondence to equities investment made. It does not meant higher return always the better. PSBF is more safe(or conservative) as comparing to PEBF. Both also good by all means!

For example, if I want to find one that no equity elements incorporated(to avoid it somehow). I would go for PSBF.

Since PEBF involves in equity market, that explains why it's called "Enhanced Bond Fund".

Thank you, edifgrto for quick and straight to the point explaination.

I'm always wondering, for this kind of funds such as PEBF, the fund manager have to be very sensitive to the equity market, so that he/she can change the investment strategies from equity to fixed income securities. How fast is their reaction on this?

Normally fund managers would only aiming those companies that big enough for them to invest. Once they invested in any particular company. They never pay attention to them in thinking of selling in short term period. Mostly, the share would stay there for 5 or 6 years(depends on condition of market). Of course, before they invest... homework done is a must.

For lesser potential companies(noted: I do not specify which company), they won't mind at all.

hmm mm, to some funds that classified as extremely high risked ones. Actually if you pay attention to some shares from time to time. You would know suddenly got 3k, 5k, 10k lots trade done. So, who are they?! I'm actually try to catch these 3k, 5k shares...

How I know this?! I just playing the guessing game...

there is a regulation from SC that for Equity and Balance Fund that they can only invest up to 20% of the NAV of the funds into a particular group of company.

and to know how long the fund manager hold their shares, there is a analytical tool called "PORTFOLIO TURNOVER RATIO".

For instance, the Public Small Cap fund has a PTR of 0.45 (2006), which means 100% of its portfolio has been turned over or "sold" within 2.2 years.

An agresive fund will turnover its portfolio frequently, which translate into a high PTR. Vice versa.

FYI, public mutual will provide additional 1% free unit for any purchase made before 21/3/2007 on all its Equity and Balance fund

Do pm me if any of you interested in any public mutual's fund.

Edif, any good fund to recommend?

deleted.....ignore this

This post has been edited by PowerDunk: Mar 13 2007, 06:54 PM

First of all, it's really depend on mate risk profile...

A bit late already, before the market up again. It's really good timing to enter... Not so sure which one is good? Might consider the moderate/low risked ones. Personally, I still prefer Capital Guaranteed type. Like last few days, the share market crashed until we no eye see, eh? However, one of my capital protected funds NEVER being affected at all(price no changing one, ).

Why capital guaranteed fund?! Because we could do our daily works with no worry.

I agree, but capital gurantee fund usually have to start with RM5000 initial investment. How many RM5000 do i have then,

Need that much. RM5k is a huge amount.

What is the typical return rate for capital guarantee fund?

This post has been edited by stargate: Mar 14 2007, 10:52 AM

Regarding capital guarantee fund, I think there is some mis-conception among the public. They just think it is capital guarantee then no need to worry, only half correct.

How they achieve capital guarantee fund? Normally, they will invest 85% in gov bond or something like that let say MGS or (gov bond that yield 3% currently) so after 5 years, it will achieve the capital protected objective then the other portion 15% will be invested equity so even the 15% loss totally (unlikely) still you will get back the initial capital through the bond (85%). If the 15% equity portion doing very well then you will get more return rate (that's the part that the fund will earn)

This post has been edited by cherroy: Mar 14 2007, 11:15 AM

Hi mate, I attached a document related to most capital guaranteed funds in the first post in this thread. Perhaps you can check that out?!

PSBF Green Green, others All red....

sorry guys, 1 question here regarding fund's equities exposure, can a fund's equity exposure is of >100% ? and its money markets exposure is <0%? I mean can this happen? is the fund manager leveraging?

Normal mutual fund cannot use leverage to invest more than 100% its got but hedge fund can that's why hedge fund can move the market quite quickly since one dollar can equivalent to the 2 dollar or up to 10 dollar of force through leverage and futures market.

Mutual fund must put a certain % (0.5-5%) in cash so that whenever the unit trust holder making redemption, they need not to sell their portfolio to raise cash to pay back to the unit trust holders.
Mutual fund can't have too much cash in their hand, they need to invest according the trustee agreement, no matter the market is sky high, they need to invest also, just may be a lower percentage of their portfolio.