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 

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

Some guides frm FSM Msia V12

Put it simply, dividend is just "left hand go right hand"; there is ZERO IMPACT to the investor's value of holdings.

- Fund XYZ has 100,000 units issued, initially issued at RM1.00
- Current NAV price is RM1.02
- XYZ declares a "10% dividend" of 10 sen a unit
- After the dividend, the NAV will go down to RM0.92

For sake of illustration, we assume that dividends are paid out in cash (not reinvested), and no tax on the distribution.

Ali says: "Eh XYZ very good, gave me 10% returns..."
Answer:
WRONG! The 10% is expressed by reference to the Initial Offer Price of RM1.00 (RM1.00 x 10% = 10 sen). It does not mean that the fund made a profit of 10% for investors. In this scenario, the fund actually only made a return of 2% (RM1.00 + 2% = RM1.02) during the period.

Simply said, just imagine you pass me RM100 to invest in a trolley cart. 1 year later the trolley cart become worth RM92, and I collected rental income of RM10 on your behalf. The value of your investment is now RM102. I then decide to return 10% i.e. RM10 to you. So now u have a RM92 trolley cart and RM10 in cash on hand. The "dividend" that I decided to give you has ZERO IMPACT on the net worth of your investment, which remain at RM102.

Here's another variation to the scenario above; your RM100 investment could actually have incurred a loss, and I could still decide to "reward" you with a 10% "dividend". Let's say a wheel on your trolley was damaged, now your trolley is only worth RM60. The value of your investment is now RM60 + RM10 (rental income received in cash) = RM70. But I could still proudly say that I'm declaring a 10% "dividend" to reward you brows.gif

Key Lesson Point
A unit trust fund can declare dividend even when it has actually made its investors@unitholders poorer. By regulation, a unti trust fund can only declare dividend out of its REALISED INCOMES (interest income, dividend income, net proceed from sale of investments, rental income etc). Gains from market price fluctuations are not realised, i.e. they're "paper gain/(loss)". So, you could be having
(a) Fund A got realised incomes from which to declare dividends, even though during the same period it has huge paper losses.
(b) Fund B made lots of paper gains from market price movements, but it cannot/decided not to declare dividend to unitholders because of insufficient realised incomes. Bear in mind, some funds actually have a "no dividend" policy, and they are great performers. wink.gif

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

I have been with FSM for quite some years, just simply because of it low sales charge, 0.5% for lump sum and 0% for RSP unlike most of the sg local bank like UOB offer me 2.5% for the sales charge.

I still doing a RSP every month to bought into below 5 funds, the amount will be auto GIRO from my SG account. 0% sales charge why not right ?

1. Allianz Europe equity growth
2. Allianz income and grow
3. BlackRock multi asset income fund A6 sgd hedged
4. First state dividend advantage SGD
5. United greater China fund

Basically buy in every month is to do a dollar averaging.
This act as my satellite portfolio as you can see only BlackRock GMAI is a core fund, others 4 are tactical.

Hi Hansel, thanks for your reminder
I always transfer out my unit to UOB every 6 months to avoid this so called "platform fees"

Boss Pinky

I learnt frm you. Tks for useful posting in FSM Msia thread. But i m still picking up. Keep up the efforts.

I would like to know too... Just topped up Fidelity America

Which global equity funds do you guys like? The recommended threadneedle doesn't look so attractive; the aberdeen global opportunities that the CIS recommended is even worse

United Healthcare Fund lost about 14% YTD  .... good time to top up?

Too bad or luckily....? 

So what's your investment strategy amidst of the global rout?

After factoring-in the exchange rate (converting into the SGD) and offsetting with the dividends collected all these years, my portfolio is still slightly green as of now.

If only talking about the nav alone, and after factoring-in the exchange rate by converting into the SGD, my portfolio is 20% down.

Can top up First State Dividend Advantage and United Global Healthcare ?

Why FSM MY dont have 0%sc?!

I just buy United Sgd fund CI Acc besides First State Dividend and United Healthcare.

Hello

Any new funds you bought or topup lately?

Me topping up United SGD Fund only.

I made little loss of First State Dividend Adv despite of dividend received. Should I keep this ? do you still dca on this fund?

Would u consider HY bond funds like Allianz Income and growth etc. And HY bond funds you are holding at present?