Many people saying China market is a bubble. However, nobody know when this bubble will burst out. Got people saying China government won't let the bubble burst before the Olympic2008. All these thing very hard to predict. I think OSKUOB also consider this when they plan to launch the new fund, that's why 30-70% of the fund can be invested in local bond market. If the fund manager invest correctly, sure can get profit from China market during this year, and switch to local bond fund when China market going down.

OSKUOB and Public Mutual both launch new funds that will invest in China, Taiwan and Hong Kong market. As China market is so high now, is still worth for us to invest in it? I think the risk is so high if they invest now.

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...

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.

If impose a capital gains tax, and the rate is high...it's really a bad news to the chinese investors
Hope they won't impose on foreign fund managers, as Msia has 2 funds going to invest there.

China stock market drop 4% this morning...seemed like the stamping fee already affect the public...

Initial investment is 10k minimum...too high for me...

Yes, I think both Public bank and Public Mutual launch 2 new funds every month...

This month has PCSF and PBEPEF.

PCSF is Public China Select Fund.

I thought they won't change their portfolio so often. They're investing but not speculating.

Maybe they need more time to study about foreign companies and market, so the performance currently is still not as good as local funds.

Why many people saying this PCSF is high risk? Not every equity funds has risk as well? Until cannot invest using EPF???

Any official statement for this (can't invest PCSF using EPF)? Or just a rumour?

According to the Prospectus, there is no state about EPF can't be withdrawn to buy PCSF. So weird, why so many people saying can't use EPF to buy PCSF...is it only PCSF or any other funds also EPF won't approve?

Any official announcement for this? (Earlier, Darkmage said can use EPF)

PCSF is not a fund only invest in China stock market, and in fact, I doubt they can invest in ShangHai Stock Exchange. If not mistaken, the ShangHai market is only opened for local chinese investor, but not foreigners.

PCSF will invest in china companies which are listed in HK, Taiwan, USA, Msia , Spore and others. Most of the big companies in China actually listed in HK, like China Mobile and China Oil.

So far, there is only ShangHai Index going up like mad, but not other stock markets. If HK, Taiwan, Spore and USA market collapse, no matter which fund you invest, you will be affected.

Distribution need to be taxed...unless you claim it back when you fill in the BE form.
Distribution and Unit Split is good for the fund, as it attracts more investors to invest by lower down the price.

Since PCSF is so diversified to so many stock markets, it will not depends solely on China stock market. Anyway, it depends on China economy. If China economy is going better and better, then this fund should have an attractive return.

Why? You expect the stock market will collapse soon?

Malaysian can invest there as well???

You're right. When we choose the unit trust, past performance should not be the main reference. We always say, good past performance not indicating anything, as we want good future performance.

In Msia, fund manager has no total right to choose stock to invest. There is committee having meeting and decide. So, who is the fund manager actually not very important.

When you choose the unit trust, must understand the investment strategies of the fund and look at the prospect of the market and sectors. This is more important. Also, you have to understand the risk level that you can bear with.

I know there are some agents like that...but not every UT agents like that.
There are 2 aspects UT agents can help you:

1. They settle all the procedure of buying, selling, switching of funds for you. You no need to go to bank or UT branch during your lunch time.

2. They can give you some advice and explanation on the funds that they are selling. They are trying to help investors to understand about UT better before they invest. Anyway, sometime, people expect company A agents praise about company B fund. This is no way for an agent. However, if based on past performance, agents should present the latest performance table to their clients even others companies fund outperform his/her company fund.

If your agent knows nothing about UT and the market surroundings, you can always change agents. I believe there are still many agents know well about UT and the market situation.

How to get this agent transfer form? If I agree, then I can change my current agent to any other agents, right? Any penalty?

The performance of UT is not depending on the volume. This is the difference between share and UT. When the demand of share is higher than supply, the share price will rise. For UT, the supply is fixed. Once the demand is same as supply limit, the fund will be closed and the price won't be affected by the volume. The only thing that affect the fund price is the portfolio of that fund. If the fund get profit from its investment, then the price will rise. That's why we look at the NAV.

My advice, if your agents can't explain clearly about what you want to know about UT before you invest, change to other agents. I still believe you can get an agent who can explain the thing to you with a right way.