Yes

Because it is almost as liquid as saving accounts with almost unconditional FD return

did he ask for switch sell and buy?

erm, when OPR increase to the extend that bond yield falls below FD rate, you will go back to fd

Switch sell is instant the same way as you use CMF to invest in other funds, just also take 4 days to show your holdings

You gotta wait for high official inflation for that to happen, hint hint brazil

this is from FSM FAQ:


Q: HOW LONG WILL THE WHOLE INTRA SWITCH PROCESS TAKE?

A: Cash investments
The switch-sell and switch-buy orders will be transacted on the same business day the order is received before 3pm. Otherwise it will be transacted on the next business day.

However, please note that there are 2 business days lag time should you switch buy into RHB Money Market Fund, RHB Income Fund 2, RHB Institutional Islamic Money Market Fund and 1 business days lag time if you switch buy into CIMB-Principal Equity Growth & Income Fund, CIMB-Principal Greater China Equity Fund, CIMB-Principal Income Plus Balanced Fund, CIMB-Principal Global Titans Fund, CIMB-Principal Australian Equity Fund, CIMB-Principal Strategic Bond Fund, CIMB-Principal Asia Pacific Dynamic Income Fund, AmSchroder European Equity Alpha Fund and Kenanga Asia Pacific Total Return Fund.

From the above, seems like if you do switch sell and switch buy before 3pm, you will sell libra asnita at today price and buy example EI small cap at today price too

do take note some switching will charge switching fee depending on funds

p/s: why so many popular cimb funds have 1 day lag

pps: sorry for yet another irrelevant explanation

This post has been edited by AIYH: Oct 7 2016, 07:43 AM

Oh my I see it wrong again

Thanks for the guidance

Attached is the switch sell lag time for libra asnita

Means that FSM will transact the switch sell and liquidate libra asnita today based on today's price provided before 3pm

However, the fund you switch buy will be transact 2 days later and based on the price on 2 days later

@puchongite really appreciate your correction as I am going to switch sell from libra soon

Otherwise I would be confuse on that

Any missing point please guide us

p/s: maybe I should ask FSM to confirm on this

This post has been edited by AIYH: Oct 7 2016, 08:01 AM


Attached thumbnail(s)

testing tag Avangelice Ramjade puchongite

edit: how to tag people

post edit: testing yeah

This post has been edited by AIYH: Oct 7 2016, 08:39 PM

Avangelice Ramjade puchongite

I asked FSM about the switch sell and siwtch buy time frame

I will take these 2 funds and some variables to illustrate it as well as the attachment for both funds for reference.


a) Switch Sell Fund : Affin Hwang AIIMAN Asia (Ex Japan) Growth Fund - MYR

b) Switch Buy Fund : CIMB-Principal ASEAN Total Return Fund - USD

c) Switch Sell Lag time for Cheque Orders (Business Days) : X (Affin switch sell days)

d) Switch Buy Lag time for Cheque Orders (Business Days) : Y (CIMB switch buy days)


Take this scenario:

I switch sell from Affin fund on T (Monday 10/10 10:10), so it will transact on the day itself and priced on T (MOnday 10/10).

They will receive the sales proceed from Affin on T+X, in this case, X = 5 days, so is T+5 (Monday 17/10).

Then They will switch buy CIMB fund and priced on T+X+Y, in this case, Y = 3 days, so is T+5+3 = T+8 (Thursday 20/10).

Finally, FSM will take 4 more days to show your holdings, so in total you gotta wait T+X+Y+4 = T+12 ( Wednesday 26/10).


***In summary, your switch sell price will be based on T and switch buy price will be based on T+X+Y



Using the concept above, will take Ramjade case for, say switch sell Libra Asnita and switch buy kenanga growth fund.

Switch sell Libra Asnita will priced at T and switch buy KGF will priced at T+2, and holding will be shown on T+6.


Hope this make switch sell and switch buy understandable to those who want to know.


Edit: Avangelice I made some correction to it, ps

This post has been edited by AIYH: Oct 7 2016, 09:14 PM


Attached thumbnail(s)

I think the footnote is illustrating an example similar to my one

If you want parking for money, just directly invest via fpx and wait until few days before you need the money then you sell, that will just be T+4.

After all, it is not for emergency liquidity fund, that belongs to eGIA

On the other hand, if you want park for very short term future potential investment, just sell to CMF or directly to ur banking account and reinvest later through either platform will do

I think the switch system is still ok for normal transfer between funds but not for dynamic "taking advantage of maket fluctuation" type, you will die just for waiting them to show up after each switch

Nope,not to spark any argument on it

But if you have some not so emergency fund and can take a bit risk, libra asnita still provide better returns compare to eGIA and ASNB

Diversify some money to it ma, not a replacement of eGIA also

I used all of them for different purposes

No harm trying it, experience at least once with minimum money, you might have different opinion after trying it

This post has been edited by AIYH: Oct 7 2016, 10:09 PM

Depending on which fixed income fund you put as your ammo, you might need to check the difference between their switch sell lag time (transfer fund to fund) and sell off time (transfer to CMF or bank).

Refer these below to understand more.

Switching Fund FAQ

Intra Switch Table

Inter Switch Table

Selling Funds FAQ

Depends on your investment amount and how much you reserve in your liquid assets vs fixed income fund.

If your planned investment amount is < 10k, then i think the method of selling fixed income fund and investing same day via eGIA is a good method

But fixed income fund selling will still need 4 working days (mostly, depend on funds, refer to selling FAQ) to reach CMF/bank, so you might need to ensure your emergency amount will still be sufficient for the following 4 days after you invest with your emergency fund

Sounds workable, but not optimal, the return is about half of what libra asnita can offer, and it can't provide the liquidity eGIA provides

Using cimb bond fund to switch into cimb equity fund will be the very similar to invest directly into cimb equity fund using eGIA/CMF

Plus particularly, intra switch into some popular cimb equity fund, like GTF, APDIF just to name a few has a lag of 1 business day

That would be part of the consideration when constructing portfolio, thank you for the idea

Every method has pros and cons, just need to evaluate and maximize the particular method for different people

Maximizing the fixed income with savings method will also benefit some way for those who rely on it

Chill chill

Slowly accumulating wealth and slowly shift the priority

Give youngsters and beginners who have limited wealth some time to learn and grow ma

This post has been edited by AIYH: Oct 8 2016, 12:20 PM

Give some time ma

Yes, there is investment amount for wealth accumulation

but there are also some money left that are for liquidity and waiting for opportunity aka wealth preservation

We try to find a balance to maximize the return for this standing fund while learning and finding other investment opportunity

Of course when we earn more from income or investment and have enough to dispose them to investment, the petty method will slowly become insignificant and we start to increase risk appetite maximizing the investment portion of the portfolio

Give time to learn ma, sorry sifu

Since last discussion about the high correlation between CIMB APDIF and RHB AIF, would it be good if I keep APDIF and drop AIF?

Trying to have a fund for emerging market but the only better one I see is in fixed income sector, namely RHB Emerging market bond fund, which some very correlated with RHB ATR.

Seeking for advise on the comparison between the 2

p/s: Do I just need to register morningstar free account to analyze the correlation between 2 funds?

Since they are different asset classes, would you recommend that for people like me who RSP every month, to keep CIMB APDIF to take advantage of the larger volatility compared to RHB AIF?

If I am considering to shift from RHB AIF to RHB EMBF instead of RHB ATR, I can't really understand the region break as there is a lot of others region that neither FSM nor morningstar is helpful in breaking down on that

Anyone can kindly enlighten me more on the region breakdown in RHB EMBF (I know is emergin market, but with 67% others, is kinda really hard to understand more )

p/s: noticed that the target fund of RHB EMBF, united emerging market bond fund, the SGD and USD class performance were similarly to a bond fund. While the RHB counterpart performace similar to equity.

Is this due to different currencies' appreciation/depreciation at different time that results in such a different in return and volatility?

This post has been edited by AIYH: Oct 9 2016, 11:28 AM

That is the PPA account opening fee (RM10 + GST) charged by PPA (one time charge)

For future calendar year, you will be charge fund annual fee (RM8 +GST) for each fund that you invest during the calendar year (meaning if you make contribution for fund A and didnt make contribution for fund B in 2017, fund A will be charge annual fee but fund B won't)

For each new PRS fund you invest, their first calendar year will be exempted from annual fee

Quote : "The Private Pension Administrator (PPA) is the central administrator for the Private Retirement Schemes (PRS)."

PPA is like the governing body for all the PRS providers. The PPA account is an account that contains the PRS funds you invest in, kinda like master account that consolidate your PRS funds in one place.

So the PPA account will be opened when you invest on your first PRS fund. Afterwards, you don't need aother PPA opening form moving forward.

However, you do need to submit a new PRS form for each provider you are new to.

Say for first time you submit PPA form and Kenanga PRS form.

Next time say you wanna invest in CIMB PRS, you dont need another PPA form as you had the PPA account, but you need to submit the CIMB PRS form as this your first time invest in CIMB PRS.

I asked about this before to PPA and they say calendar year, which I assumed is 1/1 to 31/12, if is from the time you start invest, that would be anniversary year, not too sure about it, anyone can kindly verify it?

p/s: In case someone bombard me on this, you may ask on the PRS forum here: Private Retirement Fund @ Lowyat Forum

My portfolio currently overweight on greater asian region, so I will go for RHB EMBF to explore into south american and african region's emerging market

Cannot la

RSP date is coming soon, not enough ammo to even meet minimum initial investment

Gotta sell of AIF next week then repump into EMBF via RSP

Rather than wait for the timing, might as well just invest it when decision made with RSP for this month coming soon