Hello all sifu,

after some read and consideration, i've bought the following funds.

RHB-CMF 50%
CIMB-Principal Asia Pacific Dynamic Income Fund - MYR 27%
Manulife India Equity Fund 23%

Would like to top up one more fund, for local exposure. Currently looking at Affin Hwang Bond and RHB Bond. Will this be a good time to get Malaysia exposure afterall? I'm thinking of waiting till the election is over.

Why keep so much in CMF? Better move it to affin hwang select bond. CMF is for parking place

You can't go wrong with Kenanga Growth Fund.

inflation of the month of May is 4.4%

projected return of CMF 3.33

dude don't keep your money sitting there

Your sifu xuzen also keeps the bulk of his money there.

In preparation to buy into any weakness if I recall back

Are you also going to do it soon ? Looks like Asian market does not drop that much compared to US.

I always have a tidy sum of monies sitting in my CMF to buy in boss. already switched from us to India and top up ta global tech. now waiting Asia to down a little

This post has been edited by Avangelice: May 18 2017, 10:51 AM

I sold it off back then, the shares never recovered anyway

The only reason for that is because i'm waiting for a drop in Malaysia market (since most of bond fund is exposed to Malaysia). The optimum allocation for CMF in my view is about 10-15%. So with the India and Asia exposure, the only exposure left should either be China and Malaysia (or just Malaysia).

Anyway, hows your POV on the outlook of funds in China? Or even Indonesia.

quick action!

waiting for a drop in M'sia market......
just wondering how much % of NAV drops in BOND funds (Affin Hwang Bond and RHB Bond) before you want to enter?

(in post# 4654, you mentioned that you are looking for timing to enter these 2 funds)

as highlighted by others about the inflation rate....just beware of the cost of procrastination....

This post has been edited by T231H: May 18 2017, 12:02 PM

heads up bro malaysia won't be going down and will improve with MOU signing with China and also election year is this year. your belief needs to change on that scale.

just continue DCA on your port

by drop I would means the uncertainty. But you guys have a point. Procrastination do have the cost.

On the side note, do platform fees considered when they calculate NAV & annualized return shown in the website?

No....

You sure or not? The current bullish mode is because of election. It's always like that. Malaysian market eill be inflated before the election to give a feel good factor.

If you look at the returns graph of AH select bond, you will notice that the volatility is extremely low. Even during the great 2008 crisis, the fund price only took a marginal dip. I doubt you will find it dipping meaningfully to buy it at a deep discount.

Just a few more thoughts as I continued my reading. We are almost at the 10 year cyclical recession cycle, but yet there are no signs of the economy hitting a brick wall. In fact, brexit, trump and the not too long ago euro crisis didn't trigger a massive sell down and economic depression.

I came across this article that states the world indexes have relatively flatlined over the last few years, and an author commented that this is actually the "cyclical recession", instead of your usual crash.

Coming into 2016-2017, AP and emerging markets appears to have resumed their bullish gains. Europe has continued their QE strategy, and we hear news like Apple is sitting on a ungodly cash pile waiting to invest. These all makes you think are we in for a massive bull run for the next year or two. Obviously this will highly depend on the rise of the USD and oil prices, but the general sentiment is the market is being very cautious. It is as if they're waiting for the signal "Go!", then they'll sprint for a bit, but pull their brakes when jitters are felt from North Korea, French Election, Trump etc.

It is also encouraging to note that after looking at the various funds, a good number of them are sitting on a ~15-20% cash pile ready to pounce.

This is reminiscent to the local property market, whereby everyone was expecting the bubble to pop due to possible buyer's default, but lo and behold, this problem have been greatly exaggerated and there are now talks of "market recovering" etc etc.

That said, PE for developed markets are sky high and as a result i will limit my exposure to them until their earnings can improve accordingly.

Man, all this information makes me wish I paid more attention during finance subjects in uni, so I can interpret charts better. There are so much more to know and reading more just makes you realise how much I don't know.

I wonder why so many of us here bought/suggested Affin Hwang Select Bond when it is not a recommended fund by FSM?

Sifus perhaps you all can shed some lights?

I don't think there would be significant dip for msian bonds. When there were huge outflows of money from MGS last year, not much effect on msia bonds. I hold RHB Islamic Bond since early 2016. The gain is slow, but steady. There were ups and downs but nothing so impactful. The sail has been good. Unless US Fed raise their interest so significantly, then we should be worry of further and bigger outflows, of which i think would trigger BNM to do something to contain it nevertheless.

1) returns is consistent in the 6-7%. No fluctuation.
2) volatility is low.

If it's not good, money wouldn't flow in once FSM MY reopen it for sale. Fund size swell drastically once it was reopen for sale by FSM.

If you compare with Malaysian funds, malaysian bonds sucks. See the results from Trump tantrum.



See the pic above.

That was when the huge outflows started. But i would take it as a once off. Were there any such big depreciation afterwards? Nope. I'm in for a long haul. One two nyamuk bite, give and take lah. three? Four? Suddenly everyday lengan got bintik2? Go buy ridsect lah. In this case, time to re evaluate and get out.