My portfolio including PRS funds spikes up to green territory.

Valuation as of yesterday NAV.

This post has been edited by David83: Sep 7 2016, 07:47 PM

good to hear that....
the last I remembered, your RHB China india was still in red - 5%
broke even already...

Someone is on post reporting frenzy, macam nak buat this thread nuked. You know who. Ignore that fella from now on.

Last week I topped up that brings down the average unit price.
This week, the fund is on fuel for surging.
Current ROI is 1.9%

This afternoon I read an article that China H shares are poised for a rebounce till year end due to cheap valuation.
Cross finger on this.

Mine.... tonight thinking of $$

how do you know? admin contacted you ask you to behave?

hey man stop lah. the thread baru started and people already fighting.

Step on somebody's tail from ASX tered??

Let's say I sell off a fund and put the proceeds into the cash management fund, can I just use the cash management fund to buy another fund (i.e. sell off the cash management fund and use that money to purchase another fund in a single transaction) or do I still need to cash it out into a bank account and transfer it over for a new purchase?

most likely and if my suspicion is correct I know this isn't the first time he go on a deporting spree in finance section.

Anyways let us not mind him and not derail the thread. shall we?

This post has been edited by Avangelice: Sep 7 2016, 09:48 PM

Yes u can.. cmf2 right?

yes you can. cash management fund is like a quick account you can buy funds than going through banking transaction

It won't be in a single transaction.

It needs 4 transactions to happen.

Transaction 1: Switch sell of Fund A to CMF
Transaction 2: Buy CMF
Transaction 3: Switch sell of CMF
Transaction 4: Buy Fund B

You need to have "units" in CMF first before you can buy or top up a fund if you choose to pay using CMF.

Also do take note on the "cut off" time of each transaction.

This post has been edited by David83: Sep 7 2016, 09:54 PM

It acts like a trust account in the normal trading platform.

Thank you for putting my crude neanderthal comment so eloquently. seriously I need to learn more

If the intention is going from Fund A to Fund B, there is no need for CMF. You just do a switch.

Fund A to Fund B is inter-fund switch if A and B are from different Fund Houses (fees will be like buying new funds)

Fund A to Fund B is intra-fund switch for same Fund House (switching fees may apply depending on Fund House)

There is no CMF2 involved.

The steps are wrong.

You can go direct from Fund A to Fund B.

Only within the same fund management group, right?

Anyway, thanks everyone for the replies.

No, wrong.

If you are trading, you don't need it. See my previous comments.

It is for "parking" while you are deciding which Fund B to buy.

Within the same fund management group (or Fund House), it is known as "intra".

With different fund management groups (or Fund House), it is known as "inter".

Either way, no CMF2 is required.

PS: The only difference between "inter" and "intra" is the costs (fees and credits) involved. The FSM websites explains this well.

This post has been edited by howszat: Sep 7 2016, 10:14 PM