Public Mutual's launch of the China fund seems a good bet for a good investment, but, hasnt it gone up too much already? With talks of China planning to raise interest rates and so on will dampen the equity market hence it will not perform as well as it has over the past 24 months.

Anyway, on the topic of PGSF, for me, its a nice idea that we are in Global Markets hence hedging the risk, but we also run the problem of underperforming the broader market. Moreover, Public Mutual has not the expertise and experience as yet to be a global trust fund player. Their expertise is still pretty much Malaysian equity and if you do pick up a few of their prospectus and annual reports, you an actually see that their spread is almost the same in similar counters across their portfolio.

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.

Yup, quite correct, there are some China company listed in HK and NYSE also. China Shanghai market (A share) is for their local investor, in HK, there are plenty of B shares that can be traded for foreigners so if not mistaken, those fund invested primary into those and not directly into China market.

Correct me if I am wrong, only familar a bit on China market, information there kind of hard to obtained.

Shanghai there is an A market and B market. One is for domestic investors, the other is for Foreign. Same goes to Shenzhen Bourse if I am not mistaken.

i guess it depends how you would see the chinese markets in five to ten years time - if growth continues, it would definitely spillover to the equity markets and you will see handsome return; of course there will be ups and downs along the way but unit trust investments are after all, for the long-term

you bought PGSF? this fund not good le.....even before they launch i know liao

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Added on June 14, 2007, 10:51 pmif not mistaken shenzhen 1 only foreigner and not for local

This post has been edited by Darkmage12: Jun 14 2007, 10:51 PM

My friend bought it and I did help him to monitor the fund performance as at first, I'm kind of interested with it.

Hi all, was real busy recently. I got buy this Public China Select Fund. Got anyone bought that too?!

Hopefully, China would be safely go till 2008 man... *praying*...





edited:

By the way, from here, anyone got any luck there?! Me no luck at all(i got none of them... )

This post has been edited by edifgrto: Jun 14 2007, 11:08 PM

I posted that. I got two funds in that article. Not a good thing to declare distribution. Need to pay tax!

ooo icic

aiks public balanced fund
u bought china select ah? very brave ah

but distribution in long term good for us le haha

Unit split is good. Distribution is not good since taxable. Ha! Ha!

distribution will also result in the increase of units just that it will be taxable lolz

In term of distribution reinvest?

ya la....they always do that right? my always like that i dunno about yours

If you chose that when you first bought the fund.

Distribution - Tax ---> Reinvest ---> New units.

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.

Another point is that using distribution to reinvest is not so wise, my personal opinion. Distribution if taxable then lose some more 5% the entry charge on the reinvest. I always insist my fund distribution being paid as cheque or directly bank into account, never opt to reinvest.
I knew a lot of bankers and unit trust company will auto reinvest your distribution if not specified during buying, with that they earn more from it.

Got 5% entry charge? I'm not aware of this.

But reinvest will buy new units at NAV.

If not mistaken, the reinvest will use the 'seller' price to buy the new unit, not its NAV or buying price so there is a 5%-6% disparity *entry charge between them.

Correct me if I am wrong.

This post has been edited by cherroy: Jun 15 2007, 02:02 PM

reinvestment is always at NAV

switching on the other hand maybe at NAV or selling proce; it varies with funds and UT companies