Thanks

Thanks

Thanks for the above.

Thanks

This post has been edited by abcn1n: Apr 4 2020, 01:05 AM

I'm curious. Some of you are buying funds in FSM Malaysia and the charges are not cheap. Eg: annual management fee 1.5-1.8%. Some of these funds are likely to be feeder funds, thus wouldn't it make more sense to buy the 'original fund' instead of these feeder funds (assuming $ is not a constrain as original fund minimum initial investment is higher and assuming that the fund is available for us to invest in).

I'll give an example.

TA Global Technology Fund
--A minimum of 95% is invested in Janus Henderson Horizon Global Technology.
--Annual expense ratio of 1.87%

Janus Henderson Horizon Global Technology (can be invested in FSM Singapore).
--Annual expense ratio of 1.88%


If we were to invest in TA Global Technology Fund, wouldn't it be we are paying for both TA Global Fund's management fee + Janus Henderson Horizon Global Technology's management fund? Thus, it would be harder to make $ if invest in TA fund vs if invest in Janus Henderson's fund.

Are you very sure? Anyone can confirm? Because these are 2 very different management companies--TA Global Technology Fund is under TA Investment Management and not under Janus Henderson Investors. If both funds under Janus Henderson Investors, I can understand.

Of course I prefer you to be right as minimum initial investment for TA Global Fund is lower.

Thanks. Can't really understand everything on page 59, but suffice to say no double charging, so its good. . Now, can invest in feeder funds.

If net inflow in the last 3 months till 31/3/2020, why then is the STI ETF dropping?

Its tracking the stock's performance. I guess for STI ETF, if the component stocks going down, STI price will still drop even though there's net inflow for the STI itself, huh.


Anyway, more importantly--how safe is FSM (Malaysia and Singapore)? I was reading about Stashaway and the risk if Stashaway close down (read that Smartly SG investors were forced to sell their investments --thus, if portfolio was red at that time, they would make losses).

Have a fair bit of $ in FSM Singapore and some in FSM Malaysia. Can't afford to have to force sell my stocks (if they are in the red) if FSM were to close down.

Thanks. Forgot about POEMS (next door competitor).


Thanks. Hopefully FSM will last a long time and give good service.

Bought today a bit of TA Global Technology Fund and Principal Asia Pacific Dynamic Income Fund. Should have bought TA Global Tech Fund much earlier. Sigh

Thanks. That article is good. I like the below especially.

"Investors investing in a fund with its base currency different from their own local currency are subject to the risk of currency fluctuations between their local currency and the fund's base currency. Without currency hedging, European investors e.g. would record a profit or loss due to the fluctuating EUR-USD exchange rate. If the fund generates a positive performance in its base currency, the currency translation into the local currency of the investor may nevertheless lead to a negative result, if the base currency has lost against the local currency during the investment period."


WHAT IS NAV SHARE CLASS HEDGING?
The intention is to reduce the impact of movements in the exchange rate between the currency used by an investor to buy shares in a fund and the base currency of that fund.
It is an attempt to make the NAV performance consistent for shareholders of two different currency classes e.g. to provide a EUR investor with approximately the same returns as a USD investor.
Note: The returns will not be the same due to the cost of the hedge (primarily interest rate differential) and short term over and under hedging due to subscriptions and redemptions activity.


AUD don't do well whenever China's economy's not well

If one expects MYR to weaken, go for MYR unhedged.

Base currency for Affin Hwang global healthscience is USD. Thus, if MYR weakened and we do not hedge, each USD will get more MYR.

See the below. You can see, MYR hedged performed much worse than USD portfolio when MYR weakened

https://my.morningstar.com/ap/fundselect/results.aspx

https://my.morningstar.com/ap/quicktake/ove...ceId=0P0001H2NC

https://my.morningstar.com/ap/quicktake/ove...ceId=0P0001H2NE

This post has been edited by abcn1n: Apr 10 2020, 04:03 AM

Welcome

Welcome.

What's the low sales charge like and is it forever or up till when?

Thanks. Never used EPF to invest before. Guess have to do some reading up

Thanks

Thanks. Good info. on the below

A bit OT but need help.

If I were to sell my stocks in FSM Singapore, when will the $ come into my cash account in FSM Singapore. It has been a few days already and still have not seen any $ coming in

I already emailed them but no reply yet. Sometimes they take several days before they reply. For live chat, they won't answer and asked you to email them.

tadashi987 Sold on 14 April Tuesday

This post has been edited by abcn1n: Apr 17 2020, 12:58 PM

Thanks. I only saw the 14th April sales (but not later sales) under cash solution-- earmark/processing withdrawal column. Hopefully the $ will come in tomorrow.

I need to withdraw $ from asnb. (Hope that branches are opened now). Else, I can hardly buy anything

I don't think there is either. Or else, I would have been in.

This post has been edited by abcn1n: Apr 17 2020, 10:48 PM