Is this the general view of the porperties fund globally? Was thinking since equities is getting high already, wanted to switch from equities fund to properties or other types of fund.

If equities melt down, property stock and reit also can't spare from it. If really want defensive strategy then better look for bonds. But currently bonds are in bearish trend due to increase in interest rate.

In equities defensive approach, consumer and healthcare stock is much safer than properties stock. Consumer and heathcare stock will also hit if equities market plunge but with less degree.

nice site for fund review huh

This post has been edited by huakenny: Jun 9 2007, 07:10 PM

have you ever hear about Oriental Pacific Futures

I think it is a good timing to buy as global properties securities are undergoing market correction. This type of fund generally pays dividend in the range of 6% per year even during bear market. Recommended holding period is 3-5 years.

New funds from Public Mutual:

Public China Select Fund (PCSF) and Public Islamic Money Market Fund (PIMMF)

http://www.publicmutual.com.my/article.aspx?id=6081

china fund wah market seems to be a bit high to launch a fund now, the stocks they invest in would be relatively expensive, unless there is a correction in the near future

nowadays so many funds, especially equity funds - so difficult to choose

I also think that Public Mutual action is a little late.

I think it is a bad timing for PM to launch China equity fund now as it is overheating over there.

unless the markets go up and up and up and up...

It is like people there already making tons tons of money, then the fund goes there to pick up the left over on the floor. If timing not right then the roof collapse then take years to heal then.
Don't get me wrong here, it doesn't mean it won't make money but just to warn off the high risk of the fund.

Stupid PM marketer said because of Beijing olympic, it will rise.
After I heard that i almost fall off the chair. And I ask you know about SSEX bubble? She says know. Then I just shut up and (make sure she) get the hell out of here.

Public Mutual Declares Distributions and Unit Split for Its Funds

Public Bank's wholly-owned subsidiary, Public Mutual declares gross distributions and unit split for seven of its funds. The gross distributions and unit split declared are for financial year / period ended 31 May 2007:

Public Far-East Select Fund
- Gross distribution of 4.00 sen per unit
Public Regional Sector Fund
- Gross distribution of 2.50 sen per unit
Public Ittikal Fund
- Gross distribution of 9.00 sen per unit
Public Islamic Equity Fund
- Gross distribution of 4.25 sen per unit
Public Dividend Select Fund
- Gross distribution of 2.50 sen per unit
Public Balanced Fund
- Gross distribution of 9.00 sen per unit
Public Select Bond Fund
- Gross distribution of 4.50 sen per unit and unit split of 1:25 (1 unit for every 25 units held)

Public Mutual's Chairman Tan Sri Dato' Sri Dr. Teh Hong Piow said both Public Far-East Select Fund and Public Regional Sector Fund aim to achieve long-term capital appreciation by investing in domestic and regional markets. "According to The Edge-Lipper Fund Table dated 21 May 2007, Public Far-East Select Fund and Public Regional Sector Fund have generated a one-year return of 27.86% and 23.97% respectively for the period ended 11 May 2007. Both funds have significantly outperformed their respective benchmarks," he continued.

Meanwhile, Public Ittikal Fund, Public Islamic Equity Fund, Public Dividend Select Fund and Public Balanced Fund have delivered an impressive one-year return of 37.45%, 36.08%, 34.90% and 34.53% respectively for the period ended 11 May 2007 on the back of the strong performance of the local market over the same period. These funds have the mandate to invest up to 30% of the funds' net asset value in overseas markets.

As for Public Select Bond Fund, it has generated a one-year return of 6.86% for the one-year period ended 11 May 2007. The fund has outperformed its benchmark of 3.80% for the same period.

Public Mutual is the largest private unit trust company in Malaysia and it currently manages 42 funds for more than 1,000,000 accountholders. As at 21 May 2007, the total net asset value of the funds managed by the company was RM20.4 billion.

URL: http://www.publicmutual.com.my/article.aspx?id=6082

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Those bolded are the funds I have.

Agree...PCSF is a high risk fund, as China market now is at so high level. Most of the share there are expensive. Anyway, Public Mutual having so many years of experience in this industry, it won't launch a new fund if it feel that they can't earn profit.

These few days, China government starts to correct the market. ShangHai Index drops 6.5% yesterday. If the government manages to make the market stable, then China market is still potential to go up until Olympic 2008.

Another thing is, PCSF may invest in China companies listed in other foreign markets or companies which have earned 30% of its profit from China.

In fact, this is a high risk fund...High risk, high return...

It's roughly one year from now to Olympic 2008. Perhaps can invest in this fund till Olympic 2008 ends.

ya, even my agent said this china UT fund is super high risk fund...

means can earn a lot, also can lose a lot ...

Olympics game is a lame excuse, then after 2008, no olympic how? China economy and stock collapse since no more Olympics? If said China got tremendous growth prospect then still make sense, just because Olympics?


Also unit trust agent always tell people to invest 2-3 years before can see the fruit, (mainly because of high entry fee 5% and management fee 1.5%, there go's already 6.5% before you start)
But Olympic game is a year ahead, sounds contradiction, isn't it. Then how to 'cabut', no 'fruit' yet.

Olympic game or whatever, just an excuse, no doubt, it boost the economic activities, but in the end of the day, it is the economy and company earning that's matter, if company earning can't match the patch of stock price icnrement then surely it wil correct back soon or later.

This post has been edited by cherroy: Jun 1 2007, 08:54 AM

Just hope China government can do something to pull down the bubble. As the market is too hot, once there is any bad rumuor, all the people will sell share like crazy, then the market sure collapses.

Here's an article on US fund management fees. Similar to local fees.
http://finance.yahoo.com/expert/article/moneyhappy/34115

rumour has it if the latest effort fails, then they might really impose a capital gains tax!