according to BNM,

3. If a resident individual has more than one (1) housing loan or vehicle loan,
is the resident individual deemed as having domestic ringgit borrowing?
 Yes.

Note:
 Domestic ringgit borrowing refers to any borrowing in ringgit obtained by a resident
from another resident excluding one (1) housing loan and one (1) vehicle loan.

more ....
Frequently Asked Questions (FAQ)
Investment in foreign currency asset by a resident individual
https://www.bnm.gov.my/documents/20124/6036...rency+Asset.pdf

edited: highlighted some metric criteria to let people see clearer and hopefully they can avoid telling others the wrong info

"IF" according to this article by BNM
https://www.bnm.gov.my/documents/20124/6036...rency+Asset.pdf

From FSM FAQs
https://www.fsmone.com.my/support/frequentl...tUniqueKey=2665
https://www.bnm.gov.my/fep

not sure about UT trusts or investments with FSM,...but i think i did read in Stashaway thread,....some investors mentioned that they were given British pound currency a/c instead of the usual US currency a/c.,...when they had "ticked" as having domestic ringgit borrowing

Hi can I tag along? ETF track an index and some index can have up to 100s of stocks so that ETF will buy all? I was thinking more like they buy most but not all? And even if buy most how is the weightage allocated among each stock? And if there are say two ETF that track the same index it is possible the returns are not the same since they do not buy the exact same stock with same weightage am I correct?

I am still trying to understand ETF currently so anyone who has invested in ETF very long time can give some advice?

You need to check the actual weightage of the underlying stock

In terms of dividend I can tell you for sure lower because it is up etf manager to decide on the payout

ETF is not necessary to track an index but it depends on the underlying stocks in order for them to benchmark against and it can outperform any index like arkk etc

If you look at those like SPY, VOO, IVV, HLAL and the likes some can under or outperform SnP500 because of the tracking differences

Yes subject ETF manager as it is basket of companies to decide based on the current NAV in order to give lower or higher dividends especially those on yearly payout

If you’re looking for dividends don’t bother buying ETFs you will be better off buying bonds or stocks which has better and consistent payout 

Look into more REITs and stay away from ETF REITs 

if you buy ALL stocks individually,...will individual buying cost (like for example, stamp duty, broker commission fees, clearing fees, buying fees, etc, etc) if ALL added up will it be more expensive than just buy and ETF?

Never ever buy bond UT as it the worst with the fees which gives you only around 3% return and look for High Yield but beware of the risks so lots of homework to do underlying assets

If you ever wanna buy REITs just buy pure REITs rather than ETFs as it will drag down your returns as too diversified and every year after dividends payout it will readjust to a loss value and then it will start chasing to gain back the loss of value

REITs as in stocks will give you high % as it mandated for them to payout to shareholders otherwise the REITs will get tax highly

Sunway, Axis, IGB, KLCCP are in Bursa

Capitaland, Parkway in SGX

*Just a few example but many to look around 

For me no because I concentrate on buying REITs in SG, AU, NZ and US

But if you dig further Axis by far a lot of long term holders are happy with dividends

The best if you can go to BursaMarketplace and read through the report on which REITs you prefer to trade upon

Not preferable IMO as Malaysia REITS is subjected to 10% WTH tax taxable on retailers.

https://www.thesundaily.my/business/how-are...om%20the%20REIT.

NAV is total asset value while daily interest rate is rate be8ng paidout to cmf2 holders

The bigger NAV for MMF the more leverage they have to the banks in order for getting higher daily interest rate

When you hit a certain amount or period interest will be paid out directly to your account

You need to calculate daily interest and the add up

Iinm the paid out is monthly otherwise you need to check with FSM

i dont see it as well. check my previous statement. none indicate it got any income. even cash account got say "interest"
even the UT also did not indicate got give income distribution historical. so my bet is you sell to lock down the profit as nav price up per day with 1 cent  (roughly)

read the product highlight
DISTRIBUTION MODE - No distribution will be made. All returns achieved by the Fund will be
reflected in the NAV of the units of the Fund.

so i dont think it is good as no payout and compounding interest to current value. Even FD with 1 month got compounding interest (even lower interest but it add up your current value , so u can have more interest in next month)

Does RHB CMF2 got mention they will gives you daily interest rate for your deposits?

Daily interest is based on those 1 day deposits that CMF bought any gain from it will reflect in NAv albeit minor value

You need to check NAV monthly and then difference should be reflected there

As an insider once said, ESG is a joke.











(Sorry, no electronic subscription from my uni, have to resort to photo-taking from a mid-class quality mobile. )

In some ways, yes. But there are many things to consider as well. For one, there is no universal ESG standards. Some emphasizes E more than S and G, and some emphasizes G more than E and S. Emphasizing E would mean you have heavy weights in RE (renewable energy) counters, but on the contrary emphasizing G would probably mean exposure to some blue chip O&G counters.

In the end, if you really want an ESG fund that really focuses on ESG, you should scrutinize the fund's holdings, that's the best way to understand the fund itself. Another thing to note is not all RE counters are profitable, for example, but it is for most blue chip upstream O&G counters (Exxon, Shell, Total, BP etc.). More often than not, you don't just want ESG, but also a decent and respectable financial returns. However, pure ESG funds are rarely seen. For one thing, it's difficult to juggle between both ESG returns and financial returns.

Which is why you can have ESG funds with lots of banks holdings (while banks may still grant loans to say coal plants (most don't these days), LNG and petrochemical plants etc.) or tech stocks (Apple seems to tick all the ESG boxes until you learn that their suppliers like Foxconn and other Chinese/Taiwanese suppliers are embroiled in low-wage scandals, toxic working environment etc.) 

https://www.theverge.com/c/22807871/apple-f...ervice-pandemic (Think twice before you buy an iPhone next time or becoming an AAPL shareholder. )

Lesson is: If pure ESG is hard to come by, pure ESG plus decent financial returns are even harder.

Bank H charges:
SC: 0.88% (promo now, may goes up to 1.5%)
Management fee: 1.8%
Fund from Bank H ....Don't have these data on
Annual expense ratio: % and Trustee fee; %?

Should I switch to bank H instead?
for me, it will depends on some other factors like these
are you buying in large amount?
are you frequently buying into that fund?
do you liked that user interface or customer service between that bank H and FSM?
will you be paying ANOTHER SC to bank H due to the switch...for you had already paid SC to FSM previously?
some funds in FSM has redemption fees....

Bank H charges:
SC: 0.88% (promo now, may goes up to 1.5%)
Management fee: 1.8%
Fund from Bank H ....Don't have these data on
Annual expense ratio: % and Trustee fee; %?

Should I switch to bank H instead?
for me, it will depends on some other factors like these
are you buying in large amount?
are you frequently buying into that fund?
do you liked that user interface or customer service between that bank H and FSM?
will you be paying ANOTHER SC to bank H due to the switch...for you had already paid SC to FSM previously?
some funds in FSM has redemption fees....