It sell out bcoz the fund size is pretty small, RM100 million each (PSSF, PISSF). Another reason, its bcoz it is eligible for EPF investment...so usually the amount for EPF is quite big...thats y sold out so fast

The difference with other funds is in the investment strategy & Policy...it is investing according to economy sectors. Between both fund, one is Islamic another is conventional

Personally dun prefer Capital Guaranteed funds...fixed investment period..

I prefer more flexibility in managing my investment

AM Bank???

Maybe you should look at Balanced Fund which is moderate-conservative risk. Income fund (moderate risk) that promise annual dividend will be a good one as well, but it is higher risk. Both funds is suitable for long-term investment and provide good dividend yield.

US subprime mortgage things really affected worldwide market...hence anything to do with market/share investment will be affected.

The currency of USD dropped becoz the US Fed hv been reducing their interest rate which in turn will depreciate their currency. That is oso one of the reason why oil prices shoot up as well. On the other hand, other countries economy hav been doing better and their currencies oso has been strengthening...

Then again...our objective is for long term investment...so we should not be too worry about the temporary market downturn. Instead, it is a good time to buy in, becoz most of the fund prices now are at attractive level.

I'm not too sure whether other Mutual Funds company will offer you good service, bcoz in the end of the day, it is the agent that is going to service you. If the agent is not servicing you well, no matter which company he is from, the service will still be bad.

I recommend you to look into the funds from different companies that may suit your profile instead of trying to look which giv u better service...at the end of the day, ur investment is still your priority. Service not good, can always change agent.

Then PM lor

Those unit trust distributed by banks, u hv to go to the bank itself to c their banker for advise.
Others companies i dun seems to heard a lot bout their agents.

Something to share on how reinvestment of distribution helps on cost of unit (NAV)

PFEDF
BEfore Distribution (30 Nov 07)

Unit Price = 0.3055 sen/unit
Total Capital = RM 1, 500
Total Units = 6,000 units (Bought at offer period, 0.25sen/unit - service charge added)

Average Cost per Unit = 0.2500 sen/unit

After Distribution
Distribtion = 2 sen/unit
Total Distribution in RM = 6000 X 0.02 = RM 120

Unit Price after Distribution = 0.3055 - 0.02 = 0.2855

Unit obtained from reinvestment = RM120/0.2885 = 415.94 units
(no service charge for reinvestment of distribution)

Total Units = 6000 + 415.94 = 6415.94 units
Total Capital = RM 1,500 (same)

Average cost per unit = RM 1,500 / 6415.94 units = RM 0.2338 sen/unit


The calculation i did not take into account of tax of the distribution, just a simple calculation.

This post has been edited by kingkong81: Dec 6 2007, 11:28 AM

I understand. I'm not making the calculation here to tell people that distribution can add to the total value to their fund. In fact, I have agreed wif yours & cherroy points on that previously.

I juz wanted to share on how the calculation of NAV after distribution. Thats all. Coz i do get question on how the reinvestment of distribution did to lower the cost of NAV...

Agree...to me, a 'complete' financial will have to include 'protection' section for myself/family. Just in case (touchwood), anything happened to me, there is still money from insurance to help out the situation and reduce the burden of my family. WOrst if in situation where u cant go to heaven nor hell... ...like critical diseases...then the insurance can help to cover a bit.

So, besides all the savings & investment...we oso should be looking about insurance as a mean of protection as well

__________________________________

Singapore UT industry is very very different in Malaysia. I guess it has develop to such a stage where everyone are well aware of UT and can do their own decision. Kiosk for buy/sell UT are available everywhere in Singapore...agents service are not really needed in this situation, hence the lower service charge...my 2 cents

This post has been edited by kingkong81: Dec 9 2007, 01:21 AM

I think the 7% is from the service charge.

Remember, whenever your fund starts to earn...lets say 1%.... actually the fund have already made 7.5% (6.5% is for service charge).

Do remember that Unit Trust is long term investment...you are looking at investment period of 3 - 5 years. Though signs of slowing down in 2008 from US is not too encouraging, if you are risk taker and patient enuf, it might be a good time to invest into high/moderate risk fund at a bargain price. Else, bond fund will be a good defensive measure.

Good point...this shows that in Unit Trust investment we need not to be over panic when economy is facing downturn, because we are all looking at long-term investment here.

Another example is Public Ittikal Fund which launched in 1997 when KLCI market crashed from 1000+ to only about 300+. Those who still holds the fund till today, the return now is at 250%+

It has been confirmed that using KWSP/EPF investment, the service charge will only be capped at 3%. Public Mutual oso only charge 3.0% for EPF investment only.


All the new service charge rate will be effective starting 1st Jan 2008


Merry Xmas

This post has been edited by kingkong81: Dec 22 2007, 02:31 PM

Nothing is guaranteed my friend...

Well, I guess sometimes "bargain price" will be interpreted differently by every person. To me, bargain price means that the price has drop substantial enuf that it is now more attractive to purchase it than before.

Take PCSF as example, it went up highest at 0.292, even when it drops till about 0.275 i still dun consider that as too attractive, but when it drops below 0.25 or around 0.25, then it is really bargain price, as it went back almost near the initial offer price, and my cost/unit is lower rather than i buy at 0.275.

Well, everyone have their own target "bargain price" so, it is up to you how you look/define it

_________________________________

same concept, buy low, sell high...

This post has been edited by kingkong81: Dec 27 2007, 11:14 PM

True...though it is long term, does not mean if the fund price is high, the projection of growth is not much with unfavourable market condition...will you still go n buy??

We are trying to buy at a lower cost so that it can maximise the return...

When the fund reached its peak (or your target profit), you can sell it off to lock-in your profit, (sell high)...then when the fund went back down again, u can go in again. Holding it alone for long period of time will also give u substantial return, but u can maximise your return by knowing when to sell & when to buy. And surely, this kind of sellling & buying cannot be done too frequently...if not, you r only going to incur losses through irrational buying & selling.

The difference will be in the stock selection. The income/dividend fund will mainly go into high dividend yielding stocks, blue chips...mostly stocks which r more stable and have good record of giving dividend.


If you have confident in the fund to grow more in the future, might as well keep it.
But EPF really make things a bit complicated by disallowing the old scheme (EP1) fund to switch between them, but instead only allows it to be switch into new scheme (EP2) or the "compliant fund".

You should oso look into the "compliant fund", whether any funds in it will provide you with a better growth potential than the current non-compliant funds you are having?

But if you are thinking to secure your capital & profit, you can consider switching into compliant bond fund.

Public Mutual launches its first consumer themes fund


Public Bank's wholly-owned subsidiary, Public Mutual launches its first Far-East consumer themes fund, Public Far-East Consumer Themes Fund (PFECTF) on 8 January 2008 (Tuesday). PFECTF allows investors to tap into the growth potential of rising consumer spending in the Far-East markets.

Public Mutual's Chairman Tan Sri Dato' Sri Dr. Teh Hong Piow said consumer spending generally accounts for a significant share of Gross Domestic Product (GDP) in most economies. This is no different in Asia where consumer spending accounts for about half of GDP. In the 2001-2006 period, consumer spending in Indonesia and China grew at healthy annual rates of 13.6% and 10.4% respectively on the back of rising income and urbanisation. Meanwhile, South Korea, Malaysia and Thailand's consumer spending growth were also impressive at around 9.0%-9.5% per annum, backed by strong consumer confidence amidst generally buoyant economic activities.

He added that in the Far-East region, consumer spending has been fuelled by robust growth in disposable incomes, the wealth effect from rising equity and property markets, increased urbanisation, healthy tourism activities and attractive lending rates.

Tan Sri Teh said that PFECTF is positioned to benefit from the robust growth of consumer spending in the Far-East region.

PFECTF is an equity fund that seeks to achieve long-term capital appreciation by investing in securities, mainly equities, in the consumer sector in the domestic and foreign markets. The fund may also invest in multinational corporations in the consumer sector which sell their products in Far-East markets or have distribution outlets/establishments in the Far-East region and are listed in United States, Europe and Australian markets.

Tan Sri Teh added that PFECTF is suitable for aggressive investors who can withstand extended periods of market highs and lows to achieve medium- to long-term capital growth for their investments.

The issue price / net asset value (NAV) of PFECTF is at RM0.2500 per unit during the 21-day initial offer period of 8 January 2008 to 28 January 2008. During the offer period, a special promotional service charge of 5% of NAV per unit is extended to the purchase of units of PFECTF by investors. Investors who opt for Direct Debit Instruction with PFECTF during the offer period will enjoy a special promotional service charge of 5.25% of NAV per unit for as long as the Direct Debit is active. Terms and conditions apply. The minimum initial investment for the fund is RM1,000 and the minimum additional investment is RM100.

PFECTF is distributed by Public Mutual's unit trust consultants. Interested investors can contact any Public Mutual unit trust consultant or call its Customer Service Hotline at 03-6279 5252 for more details of the fund.

Public Mutual is the largest private unit trust company in Malaysia and it currently manages 55 funds for more than 1,350,000 accountholders. As at 30 November 2007, the total net asset value of the funds managed by the company was RM27.4 billion.

source: http://www.publicmutual.com.my/article.aspx?id=6448

This is another High Risk Equity Fund...its investment will be on consumer sector stocks (Food & Beverage, textile, dairy product, fashion, electrical & home appliances, apparels, tobacco etc..). 98% NAV will be invested in foreign market.

I personally think this fund is quite good, good in terms of its investment strategy, which I would say, a bit on the 'defensive' side.

Consumer goods are something that is a necessary, rain or shine, everyone still have to eat, drink, wear clothes, etc, that is why the spending on consumer goods are repetitive. Even market down, people still have to eat & drink.

Besides, with better living lifestyle & quality of life, plus better income & wealth due to economy growth (especially in Asia), people nowadays can spend more, i.e. the spending power has increased.

Population wise, it wont stop growing. More people means more spending. Besides, more young people & ppl fr kampung are coming out to the cities to join the workforce. Tourism will play another role as Asia has become one of the favourite tourist destination...more tourist more spending.

All in all...this funds' prospects is very promising.

But we still have to be aware of the potential risk (market slow down [short term?], currency exchange, etc).

Haha...this one discussed before.

Yes, u can invest in PM funds without a agent, but with/without an agent, u still pay the same service charge.

Without agent...u hv to go bank yourself, go PM yourself, settle problem urself, get news on latest fund info slightly late, no explaination

With agent...they do all the running around for you (save petrol, parking & saman ), help monitor ur portfolio, update u on latest news, provide explaination & advise (this one u hv to evaluate urself whether good/bad)...

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PAGF growth is quite good for this yr...but like u said, the price is quite high...from its past 5 years performance, actually it has not done too well, juz recently 2007 it has shoot up quite fast. It seems a bit saturated n growth potential is less. Mayb u can consider newer high risk fund...PIOF, PAIF, or even can consider the new PFECTF.
If u still like china, PCSF & PCIF

PDSF i personally like this fund...when i tot it has reach it top, it still continue to move. Its performance for past 2yrs is good. Still more room to move up

This post has been edited by kingkong81: Jan 4 2008, 10:40 AM

The Mutual Gold Qualifying Points (MGQP) works like this:

RM1 of investment (i.e. worth of capital) is equivalent to 1 MGQP points.
To be Mutual Gold Member, you have to have 100,000 points, i.e. RM100,000 of capital invested.
The capital gain from your investment will not be consider for MGQP points, eg. U put in RM1000, after 1 year it become RM1,500, your MGQP is still 1000 points.

U can know more about Mutual Gold here:
http://www.publicmutual.com.my/page.aspx?n...vice-mutualgold

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@JohnnyTan88
Please separate your quotation into different post, it will be easier to read instead of flooding the whole thing.

This post has been edited by kingkong81: Jan 7 2008, 11:00 PM