Lol. I too obvious hor. They also offer free term life for selected funds right. Up to 60 years old I think
A bit weird for asset management company to be useful for insurance product

Please do. I'm a lousy thread starter so I dare not do the honor

I think it's psychological. I keep track of funds using that spreadsheet in post 1, so the sold funds fund price get updated too. Some divested funds r doing better. Some is worse than when I sold.

So glad I sold pheim Islamic asia end of last year. N switched affin select opportunity to ponzi1.0

I started selling amasia pacific income. Now it's on steroid, so I stopped selling pulak

Errr.... his method involves buying 10% into Amprecious metal wor....

I'll stick to my not so exotic method la.... 6.9% IRR is good enough for me At least my lowest point this year is still >3%

But when equity rally, RHB Asian income fund won't run as fast. Any plan to switch to an asia PAC eq fund? My Ponzi 1.0's IRR exceeded Asian income fund jor

Since so many are encouraging you to go higher on equity, I thought I should advocate otherwise. Actually that's what I personally do too... >30% cash; and no, I'm not in my 50s

Instead of just telling you what I think, I'd show you how it looks in the portfolio simulator. Portfolio 2 is what I would go for personally as I do not like global leaders MY fund and I felt that your developed nation exposure is too high. So I've equal weighted the regions equity - Asia 20%; World 20% and Msia 20%; Pure bond funds 15% each and smart balance stay at 10%



note that the portfolio volatility is lower and the 1 year return is higher, of course, 1 could argue that the 3 years returns is higher, but that's the past performance. You should try it out with 100% equity and see how it goes and if you are willing to take the kind of volatility

Wah, a lot of comments in the past few hours. I think it's ok either way. But if I were to start a new portfolio, this is what I would do. Set out the geographical segments/category allocation; choose 1 or max 2 funds in each segment; put in using regular savings plan method over 6-12 months

Not all people would agree with me, but I do have quite a bit of foreign funds. Some argue that Msian asset management companies don't know how to invest overseas so msian funds would do better. The arguments do have some merits, if you see the factsheet most foreign funds underperform benchmark. So this is rather personal. At this point in time Msia equity looks more attractive than developed markets

Use FSM chartcentre to find your fund for each segment



This is 3 years fund return chart. The 3 funds are highly correlated. So maybe the question is, why do you need so many? Coming from someone who regretted having too many funds in the portfolio

Nothing in life is guaranteed, although arguably the chances of you making big losses is low.
https://www.fundsupermart.com.my/main/fundi...orst_Funds.svdo
The 10 year worst performers are mostly positive. But would you be happy if you ended up with one of those funds and it is worse off than FD returns?

Erm, I know about feeder funds, I have quite a few too.... care to point out which feeder funds outperform its benchmark? Most of the time they track the benchmark or underperform; but Msian investors would have gotten a higher returns on foreign funds due to ringgit weakening.

Like I say, I do have quite a bit of foreign funds as I feel the need to diversify; and I'm willing to pay in the form of lower returns compared to say EI small cap fund.
But I'm also saying ETFs are popular overseas for a reason; mutual funds usually don't outperform the index unlike the case in Malaysia

hmm... the spam that everyone got, and I DONT HAVE one?

*Not that I wanted it la*

The announcement is not formally out yet, but I noticed the list of EPF approved funds are already updated on EPF website

http://www.kwsp.gov.my/portal/en/web/kwsp/...vestment-scheme

Surprises?
Ponzi 2.0 is not on the list - http://www.kwsp.gov.my/portal/documents/10...sh_29072016.pdf
My personal fav RHB Asian Income also not on the list while the useless GEYF is on the list - http://www.kwsp.gov.my/portal/documents/10...sh_29072016.pdf
Affin Hwang and Kenanga doesn't have additional funds on the list

U r welcome... I was just curious what funds would make the list as Public Mutual publicize for weeks the funds that made it to the new list. Global Titans haven't done well since beginning of this year.. need some time to look see first before adding on to it

What's considered 'way too heavy'?

U've been too busy on the trading threads la.... EPF now removed the 30% overseas exposure limit and hence a bunch of funds now are EPF approved.

From what I see, Public Mutual is the biggest gainer, a lot of the "better" performing funds are now back to the EPF approved list; nothing really exciting for the other fundhouse

Still holding a big chunk? I actually sold 1/3 and took profit. I prefer RHB Asian Income more than ATR actually; or Affin Hwang Select Bond for the same class. But FSM no longer sells Affin Hwang Select Bond

Quick question - why did you decide to go for cimb small cap? Actually the portfolio is very high on Malaysia small cap and you would probably be better off if you just stuck to EI small cap

But then if you only chose 1, very unlikely to choose CIMB small cap right? Kenanga Growth Fund and EI Small cap 10 year return is so much higher compared to CIMB small cap, in fact, all durations also better than CIMB small cap

No offense, just trying to say sometimes fundhouse diversification may not work... there was a term for it right? to describe over diversification

To be fair, this balanced fund is not bad
So I use portfolio simulator to compare portfolio 1 (50% EI bond & 50% EI small cap) with portfolio 2 (100% Smart balanced); this is the 10 years return


Volatility is higher, behaving more like an equity fund, but the returns is actually higher for 10 year annualised. The more recent returns are not as great, but for those who want to buy and forget about it for the next 10 years, it's really not a bad choice; self rebalanced somemore

Buying from FSM for 50% bond fund you saved say 1% for the portfolio, over 10 years annualised return would be 0.1%? quite immaterial wor

You know I've subscribed to your idea in the past, until quite recently I realise, actually there's a different perspective to this

FSM has the tool to calculate portfolio volatility. Try it
https://www.fundsupermart.com.my/main/portf...tPortfolio.svdo

Morningstar register free account can do funds correlation. But in USD terms. For ringgit terms fund correlation so far we've only seen lukenn do it for the lucky few

I obviously do not read enough financial literature to be able to quote famous people
On your POV/argument, there are some merits, but in the basic economic theory, we learn that we have limited resources and therefore the idea is to deploy it to the area where we would gain the most (was it utility?)

So in this instance, you may get some advantages from having 2 small cap funds that may compliment each other a bit in terms of cushioning the fluctuation, but largely they would move in the same direction because they invest in the same market.

Based on what we've seen; the sharpe ratio is significantly more superior for EI small cap compared to CIMB small cap. So if you invest in these 2 funds equally instead of putting 100% in EI small cap, back test would show that you make a lot less. Of course no one can predict the future, but using historical data as a guide, the possibility of CIMB small cap performing at par or overperforming EI small cap is somewhat remote.

Then the question is, does the cost (lower returns) outweigh the benefit (fund house diversification)?
To me, the answer is no, not when both funds are in the same segment.

Diversification across different segment is a totally different topic though. Because the funds in each segment does not move in the same direction, in fact, some move in opposite direction. Then going back to the same cost benefit analysis, the cost is still lower returns, but the benefit is significantly lower portfolio volatility. The answer to me is, yes, it's worth the potentially lower returns, because the portfolio would be a lot more stable

So many good comments come out of the discussion
TQ sifus

Becos crystal ball say so wor
Anyway I'm keeping mine, just not topping up

Past 6-12 months Aberdeen exceeded GTF, even EI Global Leaders also exceeded GTF... I guess this is the argument on fund house diversification comes in lor