For any general unit trust questions such as the ever popular distribution and cheaper to buy after dividends please read or discuss at the FSM MY thread
https://forum.lowyat.net/topic/3730638

For account opening FAQs - https://secure.fundsupermart.com/main/acl/r...terAccount1.tpl

For Singapore bank account opening - https://forum.lowyat.net/index.php?showtopi...aving+singapore

I'm hoping we can discuss unit trusts available on FSM SG, or other products on FSM such as retail bonds

"Great to hear that, I also received PM as well from forummer asking about FSM SG.
My favorite Asia ex japan fund goes to First State Dividen Advantage which give me quite decent of return IRR @ 13.08% for more than 2 and half years. But still lose abit to my Ponzi 2.0 performance la.. tongue.gif
https://secure.fundsupermart.com/main/fundi...olnumber=FSDVAD

Or you might start a thread focus about FSM SG and do not mix with long go version here, later make ppl lagi pening kepala."

I'm really bad at this... so please forgive me as the lousiest thread starter ever

I started with Dividend Advantage too... since it looked like Ponzi 2.0. But I guess I started at the wrong time, in March when India and China was at its highest... so until now I'm only breaking even...

FSM SG's bond funds are not as predictable as the msia's also, the short term SGD bond funds can lose money

And with the limited funds I have, I didn't construct a proper portfolio seeing how high the mature markets are already... but that also means it's not diversified

So boss.... what is your core portfolio? I tried looking at sui jau's, it makes me more



This post has been edited by dasecret: Oct 28 2015, 10:21 AM

Sure, FSM has no restrictions in foreigners investing other than US citizens due to US laws. So be it SG or MY non-citizens can invest. For Malaysians, just need to post a form and go thru normal phone verification

Bank wise are you referring to opening a SG bank account? That can be a lot more tricky and there's another thread about it. But you do have the option of TT direct to FSM SG instead of maintaining a SG bank account. But I'm not sure what happens when u want to sell from FSM

I remember it has to be posted. But I could be wrong

I have a SG bank account but I'm pretty sure any malaysian bank can TT to Singapore

Absolutely...
Do note that the cash fund return is 0.5% per annum... still a lot more superior than most SGD FDs offered in Msia at 0.2% per annum
And SGD short term bond fund return is 1.7% per annum

The game is very different in FSM SG and I'm still paying my tuition fees

Sifu, how to tag YCK1987? ... told you I'm hopeless
FSM MY thread so hot and no activity here

https://secure.fundsupermart.com/main/home/...strictions.svdo

Buy is TT fees and incurring the msia bank's exchange rate which is not so favorable compared to money changer rate

Sell is again TT fees and they only remit in USD or SGD, so if you don't have a foreign currency account in Malaysia, then you might again lose out due to unfavorable forex rate charged by your msia bank

But realistically, I would not put in FSM SG if I don't intend to keep for 3 years or longer, gotta make the TT and bank forex rate worthwhile

Foreign currency account takes care of the forex losses; TT fees is like our IBG fees, but more because it's sending money to another country. I think for HSBC accounts it's like RM25 per transaction, I could be wrong though

Good thing with foreign currency account is, when you sell in FSM SG and remit the money back to the foreign currency account, you can choose not to change to RM where you may incur another round of forex losses

You should check the bank buy and sell rates, the spread is exorbitant
Even with the favorable forex movement, most of the time you can barely cover the spread
And for SGD to go up from RM2.6 to RM3.0 in less than 3 months is not a normal event, I do not expect that to happen even once a year... so don't bank on SGD sure go up

Will look at the United SGD fund, I was referring to the short term bond as part of the parking facility fund. Some days that short term bond NAV may go lower than the before, but most of the time it's temporary la. Not so use to it because ringgit denominated bond funds usually don't lose money

I have RHB Asian Total return fund, so I didnt get the United asian bond fund

What other funds you DCA monthly?

Or you can change with your friend who's a malaysian and work in Singapore. They need spending money when they go back hometown right? Save even the spread on money changer

why ar? Takut u makan their money? Change at mid rate means they dont need to lose money to money changer also ma

Thanks! The fund looks really good

[quote=Hansel,Nov 3 2015, 05:03 PM]
['QUOTE(prince_mk @ Nov 3 2015, 10:52 AM)
I put in United Asian HY Bond Dist SGD. My favourite fund. '
quote=dasecret,Nov 3 2015, 04:04 PM]
Thanks! The fund looks really good

[/quote]

Hi prince and dasecret, this fund got me interested and I looked up in it. Based on the fund properties, looks like the fund was launched way back in May 13, 2013, and it only started paying monthly dividend on April 29. 2014.

https://secure.fundsupermart.com/main/fundi...olnumber=UOB046

Any idea why did it not start to pay dividend upon launching ?

Analysing the dividend payout each month from April 2015 till October 2015, the lowest payout was in July 14, amounting to SGD 0.00662159 per unit.

SGD 0.00662159 x 12 = SGD 0.079458, and SGD 0.079458 / SGD 1.175 (price for Oct 30, 2015) gives a yield of 6.76%, which is a fair yield,... yes !

The dividend does not seem to be consistent every month, unlike the Allianz HY USD Funds which give out quite a consistent dividend. What are the other factors that you guys look at which qualify this fund as being good ?

[/quote]

I look at fund returns in the form of IRR, and ROI to a lesser extent. Dividend yield is not a consideration for me since I prefer to reinvest and grow my investment

And which Allianz HY are you referring to?
If it is this
https://secure.fundsupermart.com/main/fundi...olnumber=ALZ198

Then the IRR does not look good at all, it's negative for 1 year and 2 year annualised

This post has been edited by dasecret: Nov 3 2015, 05:22 PM

[quote=Hansel,Nov 3 2015, 05:22 PM]
I look at fund returns in the form of IRR, and ROI to a lesser extent. Dividend yield is not a consideration for me since I prefer to reinvest and grow my investment

[/quote]

Thank you, dasecret,... if you're of that view, then wouldn't a fund that does not pay out dividends at all, not to mention monthly dividends some more, provide you better IRR (hence, leading to ROI too) than this fund ? A fund that keeps all its earnings for would be able to increase its NAV better and faster, right ?

Do you look at its holdings, and the safety of the fund's holdings, since we are dealing with High Yield bonds being the holdings of the funds here ?

[/quote]

Sorry.... I'm quite lost here

Have you been following the distribution discussion on FSM MY thread? Basically in the case of reinvested distribution, the dividends have no bearings in your IRR.

I always look at BID TO BID RETURNS
"The performance figures in the table above are calculated using bid-to-bid prices, with any income or dividends reinvested. Performance figures of over 1 year are annualised.(Eg. A 33.1% gain in 3 years works out to a 10% gain per year when annualised.)"

You could be paid monthly dividends, but if it is out of your capital, what is the point? The total return is at a loss actually

Offer to bid is after deducting standard sales charge; which is higher than FSM's
Bid to bid is without deducting sales charge; that's the number I look at

Same thing, focus on bid-to-bid returns. But hor, past returns are not indicative of future performance
Shortlist funds that you are happy with; then within those funds, if you prefer those that payout dividends for cash flow purposes, choose those lor. Just bear in mind if you don't reinvest the dividends, your capital would not really grow, or might shrink if the dividend payout is greater than IRR

Or, if you like a fund that does not do distribution, you can DIY dividends by selling some units on a periodic basis to simulate the dividend payout

I wanted to ask you this question but you beat me to it

I also have First State Asian Growth fund, but both funds are from the same sector, so up and down together one
The US and europe funds all sky high dy so I don't dare to masuk la...limited bullets

Oops, wrong term... I mean already at very high valuations... anyway... no bullets how to buy?! I transferred some long term money to Singapore for capital protection from the declining forex, so looking for not so high risk funds. So likely I wont go into HY funds, but the Amundi fund sounds good. Thanks for the recommendations!

Btw, for a 28 year old chap you are doing very well in terms of investing
I still blur blur at that age

TQ boss to help explain

Wont consider putting some money into Singapore? SG REITs I was told is not bad too...

How does this work? Buy from FSM SG and transfer to a bank for longer term holding? Banks have no platform fee I presume?

I like the services from FSM including switching etc though