Mandate and manager skills dictate unit trust performance

“Two things will affect the distribution of the fund, first is the mandate if it allows the funds to distribute all the realised income or is it subject to the funds performance which means they cannot declare, ” CEO of asset management company Areca Capital Sdn Bhd Danny Wong (pic) told StarBiz.


PETALING JAYA: Some unit trust and asset management firms are paying lower gross distribution or returns to their investors, despite stock markets having largely returned to their pre-Covid-19 levels.

According to the latest information that was made public in the last week, returns for some of the equity funds: the funds that invest in stock markets whether locally or globally had seen distribution returns reduced.

“Two things will affect the distribution of the fund, first is the mandate if it allows the funds to distribute all the realised income or is it subject to the funds performance which means they cannot declare, ” CEO of asset management company Areca Capital Sdn Bhd Danny Wong told StarBiz.


“If a fund still holds performing shares: they cannot distribute because it is not realised. There is a restriction here. But if the profit is in hand after selling all profitable shares then it is subject to managers discretion, ” he added.


https://www.thestar.com.my/business/busines...ust-performance

Well said

Hi All,
Can we interswitch the epf fund we bought via FSM? I am planning to buy PMB Shariah Growth Fund using kwsp but I saw there are no low risk funds ie money market/income fund for the same fund house. Selling the fund (not switching fund) will lock the money for 3 months by kwsp and will render it sitting useless in kwsp. Thanks All.

just wondering,....Isn't it "better" to lock in EPF for 3 months than placing it in money market fund for 3 months?

Hi Ruffell,

Not possible to interswitch the epf fund. The alternative option is to identify the fund house that has quality equity (Eq) and fixed income (FI) fund e.g. Eastspring Investment Dana Ilham (Eq) vs Eastspring Investment Dana Islah (FI), Affin Hwang AIIMAN Asia (Ex Japan) Growth Fund (Eq) vs Affin Hwang AIIMAN Income Plus Fund (FI)

hi guys, was wondering if anyone have insight on the difference between:
i) China A Share Funds (i.e. RHB Shariah China Focus Fund or AmChina A-Shares) vs,
ii) Greater China Funds (i.e. Principal Greater China Fund & Manulife Investment Greater China)

based on the fund factsheet, seems like A-Share Funds invests in companies that serves the Chinese locals, whereas the Greater China Funds focus on more 'international' brands that are based in China like Alibaba & Tencent. Is that it?

and also, what would be a good strategy? pick either one fund or hold about 50/50 between them? i plotted the trend for both funds and they move quite in parallel (both funds go up and down same time but different magnitude). so far A-Shares is 'winning' but just wanna get your opinion.

P/S: I'm currently just holding Principal Greater China. Just thinking if I'm missing out by not adding A-Shares Funds into my China portfolio

They tend to move in parallel to each other. Greater china covers other market like HK n Taiwan. A-Shares focus on domestic China shares.

Finally my Kenanga Growth Opportunities Fund has turned green.....
But for how long leh?

cool. do you reckon those Greater China Funds hold domestic China stocks (A-Shares)? if they do, then best i just invest in Principal Greater China alone. more diversified?

I believe no. They probably hold h-shares.

actually am china shares is best performing among the china funds. Reason being Am China is actually managed by better fund manager Allianz. Local fund managers are not as good when buying overseas shares.

Its investing in A shares. A shares trade at a premium to H shares as they are less liquid. Guess even with that, AM China still doing better. Thanks for the heads up

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This post has been edited by GrumpyNooby: Jan 7 2021, 11:55 AM

US stocks take a nose dive after Trump halts stimulus talks

https://www.thestar.com.my/business/busines...-stimulus-talks

personal opinion and observation

be caution if wanting to invest in china
potus most likely will hit china hard due to

''reported'' losing popularity
deficit in trade widen
china does not trade as much as per last agreed deal

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This post has been edited by GrumpyNooby: Jan 7 2021, 11:55 AM

Good News: None of my funds are in the bottom performing list
Bad News: None of my funds are in the top performing list



congrats to those who tightly held onto their Malaysia-centric funds in Q3!

Both my Malaysian centric fund is in top 10. Yay!

PMB Shariah Growth Fund