Finally I got the answer from experience, and would like to share it here. The process to transfer-out from FSM is completely manual as below

1. Print out the transfer-form, fill up together with IC and send it back to the FSM office. Make sure you use a fast postage like NinjaVan or Poslaju. Eta ~2 work days
2. Once FSM received the form, someone will call for verification based on what you had written in the "reason of transfer out". Make sure you have USD $2 / counter filled in the form in your Cash Account (and not the Sweep Account). Eta ~5 work days
3. Once you noticed USD has been deducted from your Cash Account, that's when the start of the position transfer to the DTC. Be prepared for another ~10 work days.
4. Receiving broker will verify the incoming positions. ETA ~5 work days.

Summing up these ETAs, it's no wonder taking 4-6 weeks as listed in their process. 4-6 weeks indeed quite a long process because we could have not wanting to hold on to the positions or missed out the dividend reinvestments offered by the receiving broker.

On the same day, I had also submitted a transfer-out from another broker, the whole process got completed within 2 weeks.

Hopefully this is insightful for those needed the information.

Since it's such a hassle to transfer, isn't it easier to do an online liquidation? What is the benefit of transfer out to make you prefer to go through the hassle?

While waiting for his response,
My wild guess,
Could it be due to the saving?
Will there be transaction cost incurred to liquidate and buy it again?
Will there be forex exchange related cost when having that currency converted during inbound and outbound again?

While waiting for his response,
My wild guess,
Could it be due to the saving?
Will there be transaction cost incurred to liquidate and buy it again?
Will there be forex exchange related cost when having that currency converted during inbound and outbound again?

You're spot on.
ioncarlsberg
There are charges when liquidating with FSM platform. Not to mention the charges are even higher when I am holding huge positions within FSM. I won't elaborate much on this, please experience the trx on your own.

Not a good idea. I just tested with RM25k for you guys. Once I deposit it convert to USD5202 which is pretty good rate. But the value in RM dropped to around RM24,700. How is this calculated? FSM sell USD back to MYR rate at 4.75. So unless USD increase, I already lost about RM300 on forex alone. That's about 1%. So unless USD rate improve against MYR, I will be making less than putting in Versa.

Thanks for the heads-up bro. It wouldn't have crossed my mind that there are additional charges when liquidating unit trust funds. It's unheard of! The conventional UT's from the banks like CIMB, Public, etc have no hidden charges upon liquidation. I expect nothing worse from FSM.

Thanks for the heads-up bro. It wouldn't have crossed my mind that there are additional charges when liquidating unit trust funds. It's unheard of! The conventional UT's from the banks like CIMB, Public, etc have no hidden charges upon liquidation. I expect nothing worse from FSM.

I'm listening to Bloomberg Business News and heard that Kamala Harris wants t increase the Capital Gain Tax from current 20% to 28%.

Would this affect the US Stocks / ETF that we are buying since ETF dividend has a withholding tax of 30%?

Does it mean that when one sells US Stocks / ETF, there would also be a withholding tax of 30% and capital gain tax?

Hi Sifu,

Now that RM is strengthening against USD. What's your strategy on US ETF and stocks? Are you planning to exit from US market and take profit before exchange rate wipe out the profit for the past years. Re-enter once the RM to USD stabilizes or just continue to DCA?

My portfolio for US market was having 25% earnings but now down to 15% despite the price at ATH. The gain probably may continue to reduce significantly till end of the year since prediction is that RM will continue to strengthen against USD.

My gold portfolio is also taken a small hit due to stronger RM. Despite gold at ATH, the gold price in RM was slightly lower before gold hit ATH.

Hi all Sifus here,
Can some one advise me on this fund ?
"AHAM World Series - Global Disruptive Innovation Fund - MYR Hedged"
I am still holding 15K (rm) and facing " - 55%  " lost in my portfolio. I hold the fund for almost 3 years!
Shall i cut lost now ?  or  wait for better NAV ?  ( wonder this fund can perform or not ?? )

Hi all Sifus here,
Can some one advise me on this fund ?
"AHAM World Series - Global Disruptive Innovation Fund - MYR Hedged"
I am still holding 15K (rm) and facing " - 55%  " lost in my portfolio. I hold the fund for almost 3 years!
Shall i cut lost now ?  or  wait for better NAV ?  ( wonder this fund can perform or not ?? )

How much is this fund (with the current value), now stands in your whole ut portfolio?

I mean this fund is now with the current value is how many % of your portfolio?
Do you hv any more thus type of highly focused fund in your ut portfolio?

..I am having 100k RM on my portfolio now.
Shall I wait for better NAV?

15k initial, now is balance 6750 (after -55% losses).

6750 out of 100k portfolio is abt 6.75%.

If there is no more highly focused sectorial or country specific fund in my portfolio, I will just keep this 6.75% fund in my portfolio as my risk appetite still allows it.