It is much better than mine....just go with it for 3 yrs.....it between now and then...if u dun like it...just tweak abit....there is no fix rules....ea persons needs n priority in investing mvay chage overtime.....
there was tis quote...It is not how much 1 can make in a good period but how much the portfolio can stay intack during the bad time that is the key.....
...

Sorry I don't mean to be a smart alec but isn't CIMB AP PRS feeding into CIMB Asia Pacific Dynamic Income Fund? These are mirror funds. If so, you have 2 duplicate funds.

Unless you bought the CIMB AP Islamic PRS.

Words of wisdom here, as it seems recently every fund is a good fund, just about when I feel I want to move out from KGF, it goes up and that makes the RHB Asian Income the least performing fund.

The PRS is mainly to take advantage the tax relief.

And since most PRS performance arent that good, contrast to a few like CIMB AP PRS, why not?

RHB AIF is a balanced fund, it's only normal that when EQ is doing well the one with FI element would not do as well as the pure EQ funds, but it's a great stabiliser when market is volatile

Yes, I am aware. Like someone said, PRS is for tax relief, and majority PRS are local funds with the exception of this and AP outperform Malaysia in the last 2 years. For my own portfolio analysis, I will view it as one fund, one geographical location. I’m sure quite a number here is doing the same. They like CIMB AP, they invest for that in PRS too.

I see. I am also using CIMB AP PRS for tax relief purpose.

But I used a different approach. For Portfolio A, I have CIMB AP. For Portfolio B, I only have CIMB AP PRS. I guess every investor has different approach. As long as we are comfortable with it, why not?

PRS will be a seperate portfolio as we just maximize the tax relief (hence limited budget, investment amount and exposure) and usually only one PRS fund to save annual fee per fund.

Then normal unit trust will be another portfolio were we can diversify with several funds and go all crazy

Anyone here bought East Spring global target income fund?

1) UTF No 1 & 4 are overlap, choose either one. I prefer RHB Asian Income for its low volatility (meaning more stable and less swing in NAV compared to CIMB APDIF). (60%)

*** APDIF & RHB AIF are both going for dividend yielding instruments ***

2) Can keep KGF the perennial FSM favourite UTF. (20%)

3) I would dump the eastspring suxs UTFs.

4) Keep UTF No. 5... mainly to catch the USD / MYR thematic play. (20%)

Total = 100%. If you calculate the historical return the port gave a rtn around 15% p.a.

p/s For me, since I actively manage my port, I will take India in lieu of KGF for sectorial play.

Xuzen

This post has been edited by xuzen: Sep 29 2016, 12:50 PM

How much does CIMB APDIF and RHB AIF overlap or correlate?

APDIF is pure equity while AIF is EQ:FI 7:3

As much overlap as KGF and EISCF?

very nice returns

The table above is 9 months old, but I don't think it would be very different now; should still be in the range of 0.6-0.7

This post has been edited by dasecret: Sep 29 2016, 02:42 PM

2/3 positive correlation

is it a concern if my investment ratio for APDIF to AIF is 2:1 but both of them together is only 20% of my portfolio?

My information is obtained from Morningstar Inc and the Corr-coeff value given is 0.87. This is highly correlated. Bad for your portfolio.

Xuzen

p/s Please let me take an opportunity to elaborate on the correlation coefficient, Corr-coeff. When we talk about diversity, how do we express a value for diversity. Just like when we say some one is tall, but how do actually quantify it? So we use meter and centimeter to measure a person's height. Similarly, when we say diverse, the corr-coeff is the measurement to state how highly or lowly the correlation is. The closer the value is to 1, the more highly correlated it is. If the value is zero, then the two asset class is neutral. If it is minus one, then it is perfectly opposite of each other.

Lets say if RHB AIF and APDIF has a corr-coeff of one. This means in theory, if RHB AIF increase value 10%, it is expected APDIF will increase by also 10%. If the corr-coeff is 0.87, the movement will be 10% x 0.87 = 8.7% in the same direction. So, when you lets say buy both UTF, when Asia-Pac region, value naik, both your UTF will increase in value. You feel elated. If drop, both drop. You feel dejected.

To avoid this up and down, that is why smart rationale / informed / calculative investment person will try to match and pick asset / UTF that have low corr-coeff. So when one naik, the other one neither naik or turun or perhaps naik or turun a little bit. The end result is that your portfolio is stable and naik slow and steady and will not cause heart attack lor!

Understand boh?

If you are those who likes to ride on a coaster roller and wet your own pants type personality, then this method of investment using the modern portfolio theory will be too boring for you.

This post has been edited by xuzen: Sep 30 2016, 10:18 AM

I understood the theory as learnt in university. But when come to real investment, you know theory is ideal and practical is different in the sense that sometimes one must experienced it to understand the impact of those factors plus potential human emotion risk.

When I decide and choose them few months ago I just evaluate them as different due to their asset allocation, didn't realize their correlation is that high.

Guess I will hold for awhile as these are main for long term, see how it goes and change whenever objective change or whatsoever reason

FSM has 4 articles about Correlation.
starting with this one...

https://www.fundsupermart.com.my/main/resea...?articleNo=4919

at the end of this article, there are links to the other 3 more...

Received an SMS from FSM, reminding on the last call of the 0.57% promotion.
Expiring tomorrow 3pm. 　

Good for you Ram, back to normal indeed ...........
that should be the way, much easier for everyone to learn......

your target of 10% IRR ?

got to thank dexk too.

the return is quite good