Hi all, at someone's requested I've decided to add a few more stock exchanges support (SGX, LSE, NASDAQ) and also a generic "Others" for all other world stock exchanges - as long as it's listed on Yahoo Finance, it will work. For those whom are interested - you can either re-download the template (same link in previous post quoted above) or follow manual DIY steps below (very simple actually)
Manual DIY steps (v3.1 or above):


You are done!

aaaww, i was wishfully hoping they also upgraded existing Silver members to Gold, hehe.

P/S: they didn't

every year got one.

they sent to your registered address. what address did u register with FSM?

Hi sifus!

I am exploring going into FSM Managed Portfolio for the first time.

I already checked the FAQ on the FSM website but can't find the answer I'm looking for: https://www.fsmone.com.my/support/frequently-asked-questions

Since FSM already charges subscription fee and managed portfolio fee of 0.5% per quarter, can I ask whether there is still a sales charge when they buy into the selected funds for our portfolio?

0.5% should be the annual management fee correct? Quarterly, the charge would be 0.125%. At least that's what stated in my managed portfolio statement. It deducts from the best fund in the portfolio.

Yeah no extra fee deducted apart from the portfolio fees. However I do wonder why the fund houses are not taking any fee from FSM portfolio? Not that I complain though, just wonder..

Banking & Finance
PERSONAL FINANCE: BOND INVESTING; Bond funds as safe haven for 4% return? Morningstar study flags hidden risks
Vivien Shiao
12 July 2021
Business Times Singapore
© 2021 Singapore Press Holdings Limited

Singapore

A LARGE number of income funds - which typically hold bonds - sold in Singapore, Hong Kong, and Taiwan tend to pay much higher yields to their clients than some others available in the market.

But in this lower-for-longer rate environment, how are these funds hitting projected annual returns of at least 4 per cent that investors have come to expect from them?

A recent Morningstar report flagged that such returns are difficult to make sustainably, which suggests that portfolio managers may be taking more risk than it appears, in order to make these promised returns.

One red flag that investors need to watch out for is funds that make particularly high payouts at high frequencies. This is due to the underlying securities that may not be able to consistently generate natural income to match the fund's high-payout yield, said the study.

Managers are likely to use capital to cover this shortfall in natural income to maintain the fund's high payouts - a move that hurts investors as net asset value (NAV) shrinks over time, leading to reduced distribution levels each year.

There are 172 income funds sold in Singapore with a minimum size of US$100 million, as at end-April 2021. The majority of them are fixed income funds. The numbers are similar in Hong Kong and Taiwan, at 185 and 156, respectively.

Funds with monthly distributing share classes made the highest payout yields, recording above 4.5 per cent per year for funds available for sale in Singapore, 4.2 per cent in Hong Kong and 4.4 per cent in Taiwan.

But Morningstar's research found that managers of funds that distributed over 4 per cent of yield per year on average utilised some of their capital to make these payouts, leaving their NAV below par value at the end of the five-year study.

A potential effect of high payouts is lower capital gains due to cash drag as the portfolio manager must keep cash at hand to deliver the regular payouts to investors. Conversely, non-income managers can keep assets invested in the market.

In fixed income, lower distribution funds registered lower total return on average compared with the highest-yielding group. Higher-payout funds tend to venture into riskier securities for higher yields, and this benefited them in the strong market environment.

Still, the resulting higher risk profile could hurt in the long term, depending on market conditions, said Morningstar.

All in all, the buoyant market during 2016-2021 raised the total returns of funds across the board, but this could change and drift lower in a less upbeat market environment, the research found.

Inflationary pressures are another potential area that income funds investors need to watch out for.

Matias Möttölä, Morningstar's associate director, multi-asset and alter-natives, said that there could be higher inflation ahead, which should lead to rising long interest rates.

"In the period when the rates are rising, it can be painful for some income funds as they typically have some duration, such as long bond maturity risk," he warned.

Singapore Press Holdings Limited

that article mentioned that

"Managers are likely to use capital to cover this shortfall in natural income to maintain the fund's high payouts - a move that hurts investors as net asset value (NAV) shrinks over time, leading to reduced distribution levels each year."

i was wondering,...if Malaysia SC has this guidelines (as per image)
sourced from
GUIDELINES ON UNIT TRUST FUNDS
https://www.sc.com.my/api/documentms/downlo...37-42e51912d771

Singapore don't have some similar like that? 

Hi Sifus,

Noob question here: Although FSM is regulated by SC, how safe is our investment? Can FSM 'disappear' overnight?

woah i didnt know that ifast is in singapore market until now, and the price almost x4 compared to pre-covid.
you must be a very happy ifast shareholder now   

Thanks for the FAQs. Just that I don't recall the same was stated in the contract when we buy a fund.

On transferring to another IUTA, I guess it will be a major hassle with all different policies and rules, charges, fees, etc...   
Oh, because our fund is actually parked at the specific Fund House, and not FSMOne right?
Glad to hear from the shareholder himself. And thanks for sharing the financial details.
How to become a FSMOne shareholder?

Wonder when will FSM MY launch ETF RSP list like in FSM SG? This will make ETF investment on FSN platform cheaper

Ya, I top up using RM, then convert RM into USD under FSMone app. The convert is instant.

Anyone buying US ETF using FSMone? Why seem like no one discussing it? Is it because slightly expensive charges?

Cool, thanks for verify 
Being finding platform that provide such convenience for sometimes

1. if compare to local bank trading account, you save on the commission & dividend (no handling fees).
2. if compare to oversea account, the benefits is when something happen to you, your family member can easily retrieve the fund from fsmone/local bank, compare to oversea account. get someone as your backup when you do it on oversea account. 

Platform like FSM offer loan service? That's new for me  lol 
By far only trading local share and unit trust through bank

Is it? Mind to show how?
It will be very useful if can set advance buy for US stock.