Thanks

Thanks

Thanks. 0.5% is good, just wish they extend it beyond end July as right now the good stocks/UTs are expensive

A note of caution on those investing in China.
https://www.bloomberg.com/news/articles/202...nd=premium-asia
China Rally Is Fueled by Funds Short Covering, Nomura Says
Macro hedge funds and quantitative investors are fueling the Chinese stock market rally as they unwind bearish wagers, according to Nomura.

Such investors have been exiting short positions in Chinese equities as market sentiment rises to the highest since March, said Masanari Takada, cross-asset strategist at Nomura, citing positioning data for Asian equities.

“It appears that the market gains have been powered by global macro hedge funds and systematic funds,” he said in a note on Monday. Such investors, which include Commodity Trading Advisors and risk-parity funds, are now “covering short positions in a conspicuous way.”


Wow, really defensive.

Thanks for sharing

Thanks for sharing

Thanks

No idea but you are really smart for selling in on 1st week of Sept. I was actually buying some funds during that period. Sigh! Now only selling part of them seeing that the downtrend is pretty bad and I suspect will get worse for the time being. The balance I will hold on base on the principle of "time in the market is better than timing the market".

Yeah, its a compliment. I don't dare to look at what my selling price is like for my funds that I sold today. Looking at the futures its not going to be pretty.

When you talk about Nasdaq, you are talking about this Nasdaq right? https://finance.yahoo.com/quote/%5EIXIC/
If so, I think it may go even lower to touch 9,800

I tend to look at QQQ instead of Nasdaq (except when its daytime, then no choice look at Nasdaq futures). Yeah, I do believe JP will act if it really drops too much (but we also need to be aware market has risen a lot for years, so if it starts drifting lower over years--well he may not do so much. After all, he will know that market cannot continue to be at such lofty valuations. So as long as not much panic, then......)

I sold some because I think market may go down a fair bit more. Unfortunately,may not be able to look at markets for weeks sometimes, so may not be able to monitor prices that constantly.


Thanks. Am always a bit wary about China because the government can more easily impose any rules they want which can greatly change the landscape of the equities/property etc. However, still good to have some (but not majority) of China related funds


IMHO, don't think its wise to put so much in Principal Greater China unless your funds is just a small portion of your total investment.

This post has been edited by abcn1n: Sep 22 2020, 12:59 AM

Do you expect the market to drop further from today seeing that you sold off your Pincipal Greater China and Principal Global Titan several weeks ago?

Thanks. I sold most of it on Monday and on Tuesday the price rise. Sigh! Wow, you really aiming for that low price. It may never come and if so, your money will be stuck in EPF or will you change your view and buy at higher than the 23 March price?

Yes

This post has been edited by abcn1n: Sep 23 2020, 03:22 PM

Thanks. Yes, agree with DYODD. I also feel market will drop further but my problem is with timing--when will it drop. Don't know where to park funds now that FD is so low. What scares me is if FD will always remain this low or will it ultimately rise again after a year or two. I need at least 4-6% return per year.

Do you mind sharing what funds you currently have beside Am PreciousMetal fund?

Thanks

Franklin US Opp covers some of the best performing stocks. You mentioned covering the wholesale fund--that means you are invested in it or just writing it for the forumer?

Thanks.

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

Thanks for the pf. Which has been the best performing fund for you so far and how long have you been investing in FSM?

This post has been edited by abcn1n: Oct 11 2020, 12:23 AM

Thanks

https://themalaysianreserve.com/2020/10/09/...oubled-in-3q20/

Foreign portfolio inflows almost doubled in 3Q20

MALAYSIA attracted an overall foreign portfolio inflows of RM4.6 billion in the third quarter of the year (3Q20) — almost double the RM2.4 billion recorded in 2Q20, despite moderating foreign flows into the country’s bond market and net selling of equities in September.

United Overseas Bank (M) Bhd senior economist Julia Goh (picture) said the divergence between debt and equity flows is expected to persist in the near term as uncertainties linger amid rising Covid-19 infections globally and in Malaysia, as the firm expects, a volatile period ahead of the US presidential elections, while the US-China tensions remain elevated.

“Expectations of broad dollar weakness, alongside a robust economic recovery in China, should lift Asian foreign exchange (forex), including the ringgit, over the next six to 12 months.

“We expect the US dollar/ringgit to edge down to 4.05 by the first half of next year. Among key to watch are the country’s fiscal stance, deficit and public debt projections for 2021 in its upcoming budget announcement on Nov 6,” she said in a note yesterday.

Goh added that the higher inflow also indicates positive appetite for Malaysian debt securities.

Non-resident investors remained net buyers of Malaysian debt securities albeit at a slower pace for the fifth month.

Bond flows rose RM500 million to RM209.5 billion in September (August: up RM3 billion to RM209 billion).

Foreigners remained the net sellers of RM2 billion worth of Malaysian equities in September (August: -RM1.5 billion). As such, overall foreign portfolio flows fell RM1.4 billion in September (August: RM1.5 billion), she said.

For bonds, Goh said foreigners purchased mainly Malaysian Government Securities (MGS) totalling RM1.4 billion last month (August: RM3.2 billion).

“This was offset by net selling of Government Investment Issues (GII) of RM400 million (August: -RM200 million), Malaysian Treasury Bills RM400 million (August: -RM5 million) and, private debt securities including private sukuk of RM100 million (August: -RM80 million),” she said.

Meanwhile, foreign holdings of Malaysian government bonds (MGS & GII) rose by RM1.1 billion

to RM189.4 billion (August: +RM3.1 billion to RM188.3 billion), which is equivalent to 23.1% of the total outstanding (August: 23.3%).

For MGS alone, foreign holdings increased by RM1.4 billion to RM169.2 billion or 38.8% of total MGS outstanding (August: 39.2%), while GII fell further to RM20.2 billion or 5.6% of total GII outstanding (August: 5.8%).

Goh also noted that Bank Negara Malaysia’s (BNM) foreign reserves increased by US$600 million (RM2.49 billion) month-on-month or US$1.4 billion year-to-date to a 28-month high of US$105 billion as at end-September from US$104.4 billion as at end-August.

This, Goh said, was mainly lifted by a continued debt inflow and foreign direct investment.

“The latest foreign reserves position is sufficient to finance 8.4 months of retained imports and is 1.1 times short-term external debt.

“While BNM has yet to publish September 2020 forex swaps data, the central bank’s net short position in forex swaps narrowed for a fifth month and was lower by US$300 million to US$8.4 billion as at end-August (end-July: down US$1.3 billion to US$8.7 billion), which is equivalent to 8% of total foreign reserves (July: 8.3%),” she said.

The PRS require us to :
1) Do constant topping up each month?
2) What is the minimum initial investment?
3) Any sales charge for investment?



This post has been edited by abcn1n: Oct 12 2020, 11:07 PM

Thanks

If you want solely Vietnam fund, go to FSM Singapore. They have a few such as Lion Global Vietnam. Even have Vietnam ETF