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 FundSuperMart v18 (FSM) MY : Online UT Platform, UT DIY : Babystep to Investing :D

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frankzane
post Aug 31 2021, 01:39 AM

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QUOTE(MUM @ Aug 24 2021, 10:04 PM)
maybe due to this?
https://www.principal.com.my/en/principal-d...ebranding-asean

Principal increased its ownership in the partnership to 60 percent, with CIMB retaining 40 percent.
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THanks!
frankzane
post Oct 12 2021, 03:11 PM

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Hi,
Just want to ask are majority here using the Cash Account function in your account for transaction and parking your cash? Is it convenient and beneficial?

Also, any hassle to withdraw the monies?

Thanks.
frankzane
post Oct 21 2021, 01:42 PM

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Hi Sifus,

Need advice on how to maximize profit with bond fund with quarterly platform fee chipping in.

I have a bond fund that I have no intention to sell (still green), but I feel the quarterly platform fee is starting to incur some cost to it.
frankzane
post Oct 22 2021, 01:44 PM

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QUOTE(MUM @ Oct 21 2021, 01:45 PM)
transfer to Eunittrust.com??
https://www.eunittrust.com.my/
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QUOTE(xander83 @ Oct 21 2021, 04:15 PM)
Buying bonds are supposed to give you income without incurring any charges to it

If you want to platforms fees and still have income you will be better buying mixed assets or dividend/income fund instead for better growth rather sticking to bonds because the platform fees will bite you long term
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Thanks for both advices.
frankzane
post Dec 2 2021, 10:30 AM

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Hi all,

Newbie to ETF investment. I had searched Google for info but still not confident. Hence would like to seek some advice.

Any recommendations for dividend paying ESG-related ETFs? Any regions and sectors are fine. Thanks.
frankzane
post Dec 2 2021, 02:02 PM

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QUOTE(MUM @ Dec 2 2021, 12:28 PM)
i tried in FSM MY SITE,...
if you limit to just ESG-related ETF = No Data
if you did not limit it to ESG ETF = got data
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Oh thanks. still struggling with the Fund Selector function..too many options. blush.gif
frankzane
post Dec 6 2021, 02:05 PM

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QUOTE(MUM @ Dec 2 2021, 12:28 PM)
i tried in FSM MY SITE,...
if you limit to just ESG-related ETF = No Data
if you did not limit it to ESG ETF = got data
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Actually I dont quite understand.

If I click on the ETF Focus List, then there is no data.

If I don't click on the ETF Focus List, then there are data. But the listed stock are also ETF, eg American Century Sustainable Equity ETF.

So what is the function of "ETF Focus List"?

Thanks again.
frankzane
post Dec 7 2021, 01:35 PM

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QUOTE(MUM @ Dec 6 2021, 02:19 PM)
I am not 100% sure...
Most probably they erred in doing the search program?
Try check with fsm for a right reason?
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Yes, thanks. Will do.
frankzane
post Dec 7 2021, 01:45 PM

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QUOTE(sgh @ Dec 6 2021, 11:45 AM)
I think I share about this before overlapping of the top 5/10 holdings among different funds. In this case obviously you don't need to buy 2 just 1 is enough. Then which one correct? I share my thoughts.

1. This fund X is say fund house Y. Does Y also offer other funds that look promising? If yes fund X ok as I can do intra-switch easily to other funds in same fund house in case fund X drop too badly

2. This fund X min initial and subsequent invest amt. First time buy we tend to be cautious and don't want put too much in. As in we want to test water. FSM Spore latest promotion give us this chance.

3. Historical performance. For new funds there are no past record to refer to so it is more of a higher risk but it can also mean this newbie is promising also.

4. Some newbie fund are just feeder fund to mother fund which has a long history so this newbie is riding on that mother fund. Not exactly a newbie. Look at their expense ratio for feeder fund it should not be too much since their job is easier just put monies and let mother fund do the hard work of picking stocks.

I hope others share their thoughts too.
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Hi sgh, I have another technical question. Based on your wide experience in UT, do you think:

Fund House X has:
Fund A - invest in general equity
Fund B - invest in semiconductor sector

Let's say Fund House X has a portion of the UT in Company ABC (a semiconductor company) via Fund A, will/can Fund House X also invest via Fund B under the specific sector (semiconductor) of the same Company ABC?

Thanks.
frankzane
post Dec 8 2021, 01:48 PM

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QUOTE(sgh @ Dec 7 2021, 02:53 PM)
I think this is entirely possible especially for different funds under the same fund house X. I came across an e.g which I call it overlapping/duplication in my previous post.

Fund House X has:
Fund A - China
Fund B - Greater China

Factsheet of A and B top 5,10 top holdings indicate a very heavy overlap/duplication of the same stocks. The only difference is the percentage weightage allocated since A can only be purely China. And for these A and B factsheet put the same fund manager names!

In fact even across different fund houses, you can also see such overlapping/duplication which is why in one of my earlier post, is it wise for us to buy so many overlapping/duplication of stocks in multiple funds? The percentage weightage are different of cuz but it is same stocks.

Personally for me if the overlapping/duplication is too much (say 70% same), I would just pick one fund instead of multiple funds. I suspect reason why there are heavy overlap/duplicate could be the fund managers are buying the stocks that comprises of the index they are benchmarking with and the remaining 30% stocks outside the index in an attempt to beat the benchmark?

In theory if a fund manger stock pick skills is good he should not take it easy by just buying so many stocks that comprises of the index, because if that is the case a ETF is better (lower expense ratio) and he/she is just taking easy monies from investor by doing minimal work. My personal opinion of cuz.
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Thanks. In that case how can we check on these? As far as I'm concern, the Factsheet only tells very little without companies name. We can only access the full report after we have invested in the fund? Pls correct if I'm wrong.

if your final opinion is correct, than i think it would be a disaster for us the investors.
frankzane
post Dec 10 2021, 01:35 PM

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QUOTE(sgh @ Dec 8 2021, 03:59 PM)
? You know a lot of non-FSM customer uses FSM free features to screen funds? I think the fund factsheet is accessible (you no need to login FSM as customer to get this) and there is usually a section called Top 5 or Top 10 holdings showing the stock names and the percentage allocated. It will usually also show charts or numbers of the fund performance against the benchmark they are performing against. And many many good features.

Below pls read if you got the time as it is not related to your question but give you some "history" lessons haha.

This lead to ppl like Ramjade in FSM Spore using the FSM features to screen fund and then to escape the quarterly platform fees invest in poems becuz poems,dollarDex fund research material are really limited. Ramjade such investors are not the first nor the last to use such strategy. Back in year 2000 ppl already use the same tactics. Use FSM features screen fund and then invest in dollarDex.

Why then does FSM still give out free info you may ask correct? I can think of two reasons. One is not all about monies it is about the founders behind FSM really passionate about fund investment and willing to share the knowledge to ppl even if those ppl are not FSM customer. They understand there will be ppl like Ramjade tactics but they still proceed. Second I can think of is after sometime serious fund investors know the hard work FSM is doing in fund investing arena that they are willing to fork some fees. Think of it as a way of giving back to some entities that help them make monies. Now FSM has grown beyond just fund into ETF, stocks that is a sign of the company growing up and even IPO in Spore SGX. It now exist in Msia and HK and more countries in future perhaps.

During 2000 FSM and dollarDex are fighting on fund market share in Spore and FSM does impose a sales charge and dollarDex fight on this by making it cheaper. And after 20 years what we see? FSM is listed in SGX and expanding. I think dollarDex aka Navigator Investment Services Ltd is later bought up by Aviva?  It shows dollarDex has lost the "war" to FSM essentially but with Aviva backing still around I guess.

Conclusion: Commission,platform,annual etc fees are what a lot of investors want to avoid to reap maximum returns, sometimes we need to ask if the fees are not a lot and it has helped you to make monies it doesn't harm to pay some as after all the platform has a company behind need to maintain infra, employ workers etc.
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Thanks for the insight and some histories.

*I'd seen Ramjade here before. tongue.gif
frankzane
post Dec 15 2021, 01:45 PM

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QUOTE(yklooi @ Dec 14 2021, 06:26 PM)
so i guess the current only plus point on FSMone is only the $100 initial investment features
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Does FSM Malaysia has $100 initial investment fund? hmm.gif
frankzane
post Dec 15 2021, 01:52 PM

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QUOTE(yklooi @ Dec 15 2021, 01:48 PM)
Oh thanks. Didn't know that! notworthy.gif
frankzane
post Dec 17 2021, 02:20 PM

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Hi, I believed these had been discussed before but couldn't find the thread:

1. Are dividend we received from ETFs (foreign or local) taxable?
2. How can we tell a fund is a feeder fund?
3. What is the advantage of MYR-hedged fund compared to non-hedged if Malaysian currency is always weaker than US currency?

Thanks.
frankzane
post Dec 20 2021, 01:36 PM

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QUOTE(MUM @ Dec 17 2021, 04:18 PM)
googled and found these,...hope they can provides you with some info while you wait for responses.

1: Do my dividends of US-listed securities get taxed?
https://www.stashaway.my/faq/115010107948-d...ends-get-taxed/

2: should be stated in the factsheet or product highlight sheet or prospectus

3: Currency Risk – Take It Or Hedge It?
https://secure.fundsupermart.com/fsm/articl...ge-it-22-apr-16
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Thanks!

For No. 1, my concern is actually being tax by LHDN. hmm.gif Or does it works like mutual fund where all dividends are already being tax?
frankzane
post Dec 21 2021, 09:37 AM

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Hi Sifus,

Is it true that funds derived from 'true' investment company like eg Kenanga, Aberdeen are more profitable compared to funds from banks, eg. Maybank, Public Bank.

Please correct if I'm wrong.
frankzane
post Dec 21 2021, 01:24 PM

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QUOTE(yklooi @ Dec 21 2021, 09:46 AM)
More profitable mean more ROI for investors?
Where do you get the data/info from?
Or why do you think they are so?
Mind sharing?
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Yes, in terms of ROI.

No listed data, just my observation when comparing in general my investment in different fund houses.
frankzane
post Dec 30 2021, 06:39 PM

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QUOTE(xander83 @ Dec 28 2021, 10:43 PM)
Not exactly because it depends on the fund itself as some are with investment bank who is the unit trust manager

FSM are only distributor or reseller of the funds which you buying into

I can answer you on that the part where is in UT is in RM will not be taxed while any UT hedged with FX denominated currencies like USD, AUD, JPY and RMB will be taxed at the source which will reflected in their annual reports

So anything distribution or capital gain will be taxed already at the source by the fund manager unless govt decide to change again because it will cause a lot confusion to the fund managers  doh.gif
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So, we dont actually need to declare to our local taxing agency? Is that what you meant?
frankzane
post Dec 30 2021, 06:40 PM

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QUOTE(tadashi987 @ Dec 28 2021, 07:10 PM)
FYI FSM unit trust fund's income distribution/dividend (which is a form of income) could be categorized as foreign source income, if your unit trust fund's underlying holdings is a foreign investment.

While FSM's common practice is they do not distribute monie but unit, so whether this unit income distribution is taxable or not, I don't think anyone could answer you here, because I doubt even FSM can answer you.

Reason?
Because this foreign source income policy has passed Finance Bill 2021, without any clarity on how's the implementation will be and what's the impact to different sectors be it retails or corporate.

Please find ur readings:
https://www.theedgemarkets.com/article/fore...fsie-withdrawal
https://forum.lowyat.net/index.php?showtopi...ost&p=103163397
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Yes, you are right. Even FSM couldnt answer this.....
frankzane
post Dec 31 2021, 02:03 PM

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QUOTE(tadashi987 @ Dec 30 2021, 06:47 PM)
you asked FSM?
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Yes, answer given was to seek our tax adviser for any tax-related queries.

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