I don't know this has been asked but why fsm malaysia has so little funds options?

Our asset management industry is not exactly doing well due to the bad reputation that people lose money, UTC just keep selling 'high risk high returns' funds

Oh, and my pet peeve - Got ASx funds and Tabung Haji and voluntary contribution to EPF where the capital is 'not at risk of going below cost', retail investors would not be motivated to go into investments that can lose money lor

So now do you see why I have an issue with these 'capital guaranteed' investments? It hinders our development as a nation in so many ways

Yes, buy from FSM to enjoy low sales charge and transfer to a bank such as UOB OCBC or DBS to avoid platform fees.

Bank do not have any platform fees, so is suitable for long term holding core fund.

Most of the banker will tell you cannot be done because it is a troublesome "sai kang" and do not earn them any revenue point, so find the right person is the crucial part.

In bank prospective view, they are more than happy to take in more unit from FSM because it count to their portfolio AUM.

Nice trick,..... I do this too,... but I don't transfer everything out, because need to let my RM in FSM Sgo make some dough too. After all, as an FSM+ investor, need to look after my lady inside.

Edited by adding : hey,.. do they charge you any charges for transferring out ? I know they charge quite a lot for transferring out shares from CDP to any bank.

Yes,.. bought and holding. But if US int rates are expected to rise, HY bond prices may drop,... so wait awhile and observe first,....

Bro,... go open acct with Phillip Capital, not FSM. Phillip Capital has no platform fees,....

U mean i buy fsm bond fund then keep for some time.

When do i need to transfer to bank? How to initiate this ? By selling ?

So the ninja trick is to buy via FSM then transfer to those platform w/o platform fees.

Been with FSM SG for two years only realize how expensive their platform fee is. :swt:

Assuming AUM < $200k.

POEMS sales charge = 0.75%.
DollarDex sales charge = 1.00%.
FSM SG sales charge = 0.35% + perpetual 0.5% p.a platform fee.

From above yes it makes sense to use POEMS as our core platform.
However there's no denying that FSM's interface trumps the other two. 

FSM SG feels like a 2016 site.
Dollar Dex feels like a 2013 site.
POEMS? I feel like I'm looking at at 24-hr built mlm site.   

But who cares.
Use FSM for charting/reading/resource then buy in POEMS. 

Too bad there are no good ETFs for Asia/Pacific region compared to UTs.
Else I would have gone 100% ETF.

If everyone do this later FSM tutup kedai. 

Btw mind sharing your holdings for Asia/AsiaPac region?

For me:
- HGIF Asia Ex-Jap Eq Sm Cos SGD AD
- First State Dividend Advantage
- Schroder Asian Growth Fund

in 5.0 : 2.5 : 2.5 allocation.

Cool.
50:50 Asia/US for me too.

US: MGK, VDC, IHI, IHF + Fidelity Global Technology A EUR <- keeping it as it is outperforming my next-in-list, VGT.
Asia: Rojak funds.

This thread seems really quiet compared to the bolehland version.
Let's keep it alive. 

What is poems ?

Very interesting.. will study this tmrw esp on d etf. Got to see d commission etc. Thanks alot buddy

For bond funds, which one in your mind?

I asked them, they say maybank still cannot

Looks like need to find other banks that can allow to open SG SA without leaving KL

I've not tried it but you should be able to just transfer the amount from your bank account into theirs. Please try and feedback on this thread

https://secure.fundsupermart.com/main/faq/faq.svdo?id=2409
FAQ 15
For Cash investments, you can do wire/Telegraphic Transfer as well. The bank account details for telegraphic transfer can be obtained after you have placed a buy order online.

Philip or FSM accepting maybank?

Submitted my forms for both Philips and DollarDex.

DollarDex seems alot more responsive than Philips.
Honestly I might forgo the extra 0.25% premium and go with DollarDex.

Yeah I even opted for them to send me the forms to sign together with the business envelope.
Very convenient. 

While POEMS it's all the typical print and DIY style.

And I notice that DD does not charge on same-tier or high-to-low fund switching while POEMS charge flat 0.5%.

Yes, buy from FSM to enjoy low sales charge and transfer to a bank such as UOB OCBC or DBS to avoid platform fees.

 

Bro is an expert !

  No need to sell, tell Phillip you need to transfer over from FSM,... Phillip will be very happy to give you forms to fill-up,... then they would do the rest. 

But careful,... some funds can't be transferred over,... need to see the funds too, bro,....