Today only tomorrow drop. See today Klci know ad

i do own this fund
its pretty volatile
the covid dip put it to -ve 8% to NAV 21st +ve7%

you can roughly ''predict'' the NAV movement using SSE and SZSE

whether should buy or not depends on your allocation and your anticipation on how it will perform

The NAV is correctly displayed and it was updated yesterday late evening.
Yesterday NAV on 21/4 will be known by late evening today.
Today's NAV (22/4) will be published on tomorrow's late evening.

For NAV update , better depends on the fund website, for example kenanga usually update NAV on the same day few hours after the market close. I always look here for KGF instead of FSM app or website

It depends on the fund itself.
Most of the Kenanga local funds are updated by night (after 8pm) of the trading day.

Yes, after market close. For global.or foreign fund it is just because of different in time of market close.

SSE: Shanghai Stock Exchange Composite Index
SZSE: Shenzhen Stock Exchange Component Infex

Income Distribution for Principal Asia Pacific Dynamic Income Fund is in so fast this round.

Distribution ex-date: 15/4/2020
Units available in FSM Account: 23/4/2020

I'm sure that you receive an email from FSM titled "Income Distribution Email: Principal Asia Pacific Dynamic Income Fund - MYR".
In the email, it has a secured PDF regarding the income distribution statement/tax voucher.
Alternatively, you can login into your FSM One account and look under Holdings>Historical Transaction>Purchases

1. based on fsm site, its 0% sales charges
2. just look at the fund's expense ratio, it represent the total cost/fee of the fund. so its 0.70%
3. interesting, never encounter b4. initial charge/sale charge are charge when purchasing the fund at the rate stated by the agent/fund house. which fund stated reducing sales charges?

yes. the sales charges % will show on the purchasing page. double confirm before clicking purchase.
im not sure about direct etf sales charges but afaik, most of the time, expense ratio for etf will be cheaper by ALOT comparing to UT
from what i read (not thoroughly), there's min amount of at least 4k euro? and exchange rate fee, and then there's lag day between currency exchange and purchasing order.

none of my fund i bought got step down sales charges.
when i 1st buying thru fsm, for the first few fund, i start with big lump sum, due to most ppl say time in market > timing the market and then straight went into negative.. lol.. due to trade war

starting 2018, subsequent buying new fund, never all in lump sum. will break into weekly/bi weekly/big drop top up and so those fund bought in 2018 are starting to gain profit while those lump sum in 2017 still in negative.

Good eye! So I think best i elaborate on how i selected my funds.

I'm quite clear on the mantra, "past performance is not indicative of future results". however, i selected all my funds based on how they did in the past. just shortlist the group I want (say REITS) then one by one check the historical performance of all the REITS fund and pick the 'best'.

I did go see their "FSM Recommended Funds" but i sked they got some kind of commission for recommending them so I decided to select my own funds. Anyway here they are:

International Fund: The largest portion of my investment would be in here. I am looking for a fund that invests in large cap companies on a global scale. Highly diversified (coz global) and safe-ish (coz large cap). Result: United Global Equity.

China Fund: Want a fund that invests China (including Hong Kong, Taiwan & Macau) since United Global Equity underweights China. I think China still has a bit of wiggle room to grow. Result: Principal Greater China Equity.

Sector-Specific Fund (REITS): I don't intend to invest in real estate property for rental returns but don't want to miss out on any gain in the real estate sector. So I thought REITS would be a good option. I also see the above funds carry very little REITS in their portfolio anyway. Result: Manulife Investment APAC REIT.

Sector-Specific Fund (Tech): Based on my good results in Public Lifestyle & Technology, I thought of continuing my bet in the tech sector. Result: TA Global Tech.

ASEAN Fund: I was actually content with just the 4x funds above but I realised I'd be a horrible patriot if I don't allocate some funds into the Malaysian market. See, I didn't have good experience with Public Strategic Small Cap & Kenanga Growth Fund in the past partly because I invested between 2017 - 2019 which is when the KLCI was badly lagging compared to the international markets. But then, I remember I did quite well with Public Singapore Equity. After thinking through, I decided to pick a fund that had a broader regional coverage than just Malaysia. So an ASEAN fund it is. Result: United ASEAN Discovery.

P/S: I made my picks in Jan-20 and for the next 3 months, it was quite cool to see that Principal Greater China (Feb-20), Manulife APAC REIT (Mar-20), TA Global Tech (Apr-20) got selected as "FSMONE Fund Choice of the Month", haha.
good question. i actually already have my emergency allocated in the RHB Cash Management Fund (also in FSM). Didn't bother to report it because it's as boring as reporting on Fixed Deposit. i guess you could say my emergency fund is the Fixed Income portion of my investments.

everything else, i dump into equity.

Good sharing, been awhile! I like the idea of keeping our portfolio small with a max of 4-5 funds. Currently holding:

1) Ta Tech - Bullish on tech and basically cover for US region
2) Principal Greater China - Bullish on China due to first-in-first-out during pandemic and also their increasing domestic consumption. This fund also has good track record over long periods
3) Kenanga Growth Opportunites - Small cap in Malaysia

Thinking of adding Reits fund to my portfolio but currently unsure of how the new normal will affect shopping malls and whatnot. Manulife Reits biggest holding is still LINK reit which holds many malls in their portfolio. No fixed income funds as I currently already have ASNB  FP funds.

yea to each their own and i do agree with @brokenbomb about not bothering adding REITS in your portfolio. it shouldn't add much value. there is a reason why most highly diversified funds have only ~1% allocation into real estate. in the end, property (REITS) is just the 'house' for the businesses and is highly dependent on the overall market movement. if the businesses (tech, healthcare, consumer goods, industrial, etc) don't do well, branches will close down and that will rattle the REITS (and vice versa).

the only reason I invest in REITS is to scratch my itch for property investing though it's more focused on commercial, industrial and industrial properties. a bit of FOMO.
If it helps, I chose United Global Quality Equity Fund - MYR Hedged. i did a research on this and it makes no difference whether you hedge USD or MYR. sometimes you win, sometimes you lose. that's hedging for you.

As for the funds invested by Kenanga Growth Opportunities, download their annual report here and go to page 41 to 43. all the stock holdings listed there. It's a bit outdated (Aug-19) but i guess need to wait till Aug-20 for next report, unless they come up with an interim report.

For me, if I wanna find all the stocks invested by a fund in FSM just:
- Go to FSM
- Search for the Fund
- Click on "Documents"
- Click "Semi-Annual / Annual Report"

I am answering a private message but instead of answering it privately, I have decided to answer it for public sharing.

At 70% fixed income in my port, yes it is considered darn conservative but I took this position since Q4Y2019 when I see the parameters ( vol up, sharp down & ROI also down ) of the various UTs in the FSM universe goes south and south and south. After consulting my good friend Algozen™ ver four; she advised me to take this position. I concurred.

Even though with this my position; when Covid19 hit in early 2020 the US and China centric UTFs were almost wipe out. Imagine what will happen if I did not take the 70% FI position. Even with Reits which are theoretically suppose to be safe asset, also got hit hard. This Covid19 is a true Black Swan Event.

Right now, I am slowly increasing my China exposure; there is no hurry as I slowly add into China. As for US, I remain neutral for the time being. As for Reits, I am reducing slowly in favour of Bonds. For those who don't know my play style, I don't move all at once usually, I will move it in tranche.

Happy to share, may all benefit and make money.

Xuzen

p/s legend: China = CIMB Greater China, US = RHB GS US Equity, Reits = Manureits & FI = CIMB Bond Amanahraya Shariah Trust

No, I no longer play individual stocks. I stop playing individual stocks a long time ago. Some people may like it, but I find the few years that I was involved in; I got too engrossed reading analysis after analysis. It became a chore after a while for me. For UTF, I am like riding a helicopter with a top down view of the macro environment. I let the micro-analysis be done by the fund manager / chartered analyst. For that I am willing to pay them a 1.5% management fee in exchange for better quality of life.

Xuzen

Situation in China n HK is increasingly looking bleaker with fresh new protest in HK n a resumption of hostility between China n US. Last time this happened, all ran to US stocks safety.

That time my war chest, personally I felt it's quite big but
I was torn to either all in ta global or United quality
In the end, 60-40 respectively
While others, normal peanut DCA amount.
So for the TA global, highest was 8% in green, United quality 3%
But of cos, as of now, thanks to potus, it's keep on dropping..
Gonna dump on monthly DCA for June but it's just peanut amount.

I dare to emptied my war chest that time because I believe it's the lowest it will go, based on as of then available information.
Some still believe the worst ain't over. So if this is true, don't miss the chance.

If so, you're looking at the wrong region/market for either bond or equity funds. When bond funds not giving the desired returns, switch to equity... don't wait and do nothing.

Local sukuk funds... annualised 7%+ since late 2018.

i sold 2 most underperforming fund in my portfolio and put in quite an amount in TA global this year. it was during its all time high 
i guess im lucky cos did not all in during its all time high
couple with my war chest, able to bring my average price down significantly 

when you bought TA global?

hey guys, need your two cents here so i'm not blindly running into the woods.

i think i found a way to get a live update of the rough performance of our mutual funds via our investing apps (i'm using investing.com). i just add the corresponding indices into my watchlist and i get to view the price change live, almost like looking at a share price.

my indices as below:

- Manulife Investment Asia-Pacific REIT: FTSE EPRA/NAREIT Developed Asia Index
- Principal Greater China Equity Fund: FTSE Greater China Index
- TA Global Technology: Dow Jones Global Technology Index
- United ASEAN Discovery: FTSE ASEAN All Share
- United Global Quality Equity: FTSE World

Morningstar did provide the exact index which they use to compare each of the funds to. However, some of them will either update only once a day or update very late (coz they follow LSE or NYSE). These ones i find update during our timezone. i find that FTSE seems to be the better index.

Am i approaching this correctly?

I do understand that the index is not 100% representative of our mutual fund performance, i.e. index could go up 1% but our mutual fund only goes up 0.8% but at least i know whether it's "up a lot" or "up a bit". and it's live 

you can get the latest NAV of your UT fund instead of just getting the rough performance of our mutual funds from those indices....
check post by forummer honsiong , post 3309
https://forum.lowyat.net/topic/2064127/+3300#entry91840595
import those data into your excel file, and you can see how those funds performed....
but periodically you need to amend to cater for the distributions

hope you liked it better...

so if you have 10 funds,...you will need to google search 10 times to see and transfer the NAVs to excel?

Last year was a good year for bond funds... the funds I holding are in Public Mutual, which are not selling in FSM.

2019 returns:
Public Sukuk 7.55%
PB Sukuk 7.59%
PB Aiman Sukuk 9.00%

The bond funds dipped in March - lost about 3%+, and had recovered in April and May. Dipping again this week... with negative daily increments. If holding since late 2018 or early 2019, the annualised returns is still above 7%, regardless of the dips.

They can be monitored by looking at the daily increments... about 0.02% to 0.03%. which will be about 6% to 9% in a year.

Money market funds, daily increments 0% to 0.01%... less than 3.6% a year.

======

Regarding timing the market, one have to stay ahead of the market. For example, if pull out the entire portfolio of bond funds in March, would escape the lost 3%+, and then jump into equities in Mid March to early April to gain the fast recovery.

Then the portfolio would have gained 25%+ in 2 months. Take profit next week and put the port into bond funds for the rest of the year. Chill and relax... 30% gains in the pocket this year.

It sounds so easy in hindsight!

2019 was a good year for bond/sukuk

bonds fund on FSM, like Amanah Syariah Trust/ Amdynamic Bond/ Nomura I-Income even got 10+% return rate in 2019

latest gem is Amanah Syariah Trust 

YTD 5.24% (outbeating others higher risk sukuk/bond funds, e.g. Nomura, AmDynamic )

low 3-Yr Annualised Volatility (%)
High Sharpe Ratio

I switched my KGF to Kenanga Bond Fund and my TA Global Technology Fund to TA Income Fund a few days ago. Then switched some again to Affin Hwang Select Bond Fund and the RHB cash management fund.

But I still maintained the DCA for KGF and TA Global.

Locked in profit of RM20K plus. Part of my asset allocation rebalancing which I have not done for a long time.

Preparing to weather the oncoming financial storm.

in April, Eastspring Investments mentioned this.....
Weathering through the storm with Asian high yield bonds
https://www.fundsupermart.com.my/fsmone/art...ld-Bonds-2-Apr-