Guys, do u know how much is the switching fee in FSM for the following:-

1. Intra switch: A switch to another fund within the same fund manager.

2. Inter switch: A switch from one fund manager to another.

Anybody know the reason why PMB Shariah Premier fund drop by 8% in one day yesterday? 🤯

Thank you!

Not a chaser. I'm existing fund holder

Be mindful of lower-for-longer interest rates environment, says Affin’s Teng

KUALA LUMPUR (Sept 28): The current low interest rate environment induced by the Covid-19 pandemic-driven economic slowdown may continue until 2022. Malaysian investors should therefore be mindful and take steps to mitigate the effects of this situation on their portfolios, according to Affin Hwang Asset Management Bhd managing director Teng Chee Wai at the first instalment of The Edge-Citigold Wealth Webinar Series 2020 held on Saturday.

In his presentation titled “Investing in the New Normal: Market Outlook Post Pandemic”, Teng said that the lower for longer interest rates environment is one of the key risks investors will face this year and in the subsequent years.

“Interest rates will stay low for much longer than what we would have expected. This may not be an issue for investors in Singapore or the US as they have been in prolonged low interest rates environments before. But we have never experienced this in Malaysia. Interest rates [locally] did not go as low as this even during the 1998 Asian Financial Crisis.


“What should Malaysians do with their deposits? We have been very good at saving our money for rainy days. We have set aside a good amount of money for our retirement and a lot of retirees actually depend on income from the interest to cover their monthly expenses. I think this will be a challenge for many Malaysian investors,” said Teng during his presentation.

To find alternative sources of income, Teng suggested that investors reallocate their assets and take risks that they are comfortable with. “There is no one (single) solution — we never know how things will pan out in the next two years. Growth could surprise us on the upside due to fiscal support given by the government and ample liquidity being created. Investors could [then] start chasing this, which is very unhealthy.



Teng (left): “Interest rates will stay low for much longer than what we would have expected. This may not be an issue for investors in Singapore or the US as they have been in prolonged low interest rates environments before. But we have never experienced this in Malaysia. Interest rates [locally] did not go as low as this even during the 1998 Asian Financial Crisis.” (Photos by Sam Fong/The Edge)
Ho (centre): “What will the rest of 2020 hold for investors? Many experts say we should brace for a slow and uneven recovery in the second half of the year. Key factors to watch out for would be the second and possibly a third wave of the coronavirus, the development of a vaccine and the November US presidential election.”
Fan: “During these unprecedented times, we are constantly finding innovative ways to keep our customers abreast of the latest market updates and insights — and with your safety and soundness in mind.”
“Instead, investors may want to have a bit of everything, so that they are prepared for anything. If they are near retirement, about 60% of their portfolios should probably go to more income-driven assets. They can buy some gold as a hedge in case things are not working out, some allocations in fixed income, value stocks as well as structural growth stocks — many of which are in the tech space,” said Teng during the question and answer (Q&A) session moderated by The Edge Media Group publisher and group chief executive officer (CEO) Datuk Ho Kay Tat.

It will take time for global economic growth to return back to its pre-Covid-19 levels. Central banks have indicated their commitment to providing liquidity as needed. This would create an environment that aids recovery, Teng said.

“Central banks are prepared and will continue to be prepared to keep interest rates low, increasing liquidity in the system as and when needed. The anecdotal evidence that we see is that when central banks start to reduce liquidity, the markets tend to pause. At the moment, I think there is commitment from central banks to continue to provide the needed liquidity to support a recovery in the economy,” said Teng.

While there is no doubt that situations are normalising and economic activities are picking up from the low in March, some sectors like travel and hospitality are still suffering, said Teng. As far as the economic cycle is concerned, it will probably take another few quarters before investors can expect a full recovery, he added.

Earlier, in his welcome remarks for the webinar, Ho noted that although 2020 started out with so much promise and hope, it turned out to be crazy, surreal and economically damaging.

“What will the rest of 2020 hold for investors? Many experts say we should brace for a slow and uneven recovery in the second half of the year. Key factors to watch out for would be the second and possibly a third wave of the coronavirus, the development of a vaccine and the November US presidential election,” he added.

Themed “Thriving Amid Volatility”, the session is the first of four webinar series to be held in the coming months, said Citi Malaysia consumer business manager Elaine Fan during her opening speech. This was the first time that the annual flagship event, referred to as The Edge-Citigold Wealth Forum, was being held virtually.

“During these unprecedented times, we are constantly finding innovative ways to keep our customers abreast of the latest market updates and insights — and with your safety and soundness in mind.

“I hope this series will provide deep insights into your investment journey during these uncertain times and how we, as investors, can better position our portfolios and thrive amid volatility,” said Fan.

https://www.theedgemarkets.com/article/be-m...ays-affins-teng

Thank you. Sticked with Eastspring Investment Dinasti Ekuiti for now.

That is true brother

Stock Market Crash: The End Game Approaches

https://www.forbes.com/sites/investor/2020/...s/#5b75e5a73425

Well said

Hi Ruffell,

Not possible to interswitch the epf fund. The alternative option is to identify the fund house that has quality equity (Eq) and fixed income (FI) fund e.g. Eastspring Investment Dana Ilham (Eq) vs Eastspring Investment Dana Islah (FI), Affin Hwang AIIMAN Asia (Ex Japan) Growth Fund (Eq) vs Affin Hwang AIIMAN Income Plus Fund (FI)

PMB Shariah Growth Fund

Eastspring Investment Dana Al-Islah YTD return is higher than ASB

Just invested in stocks - technology company - via FSMOne. Already recorded 6.3% ROI in two days. Grateful

A steep learning curve - still need to understand stocks fundamental as compared to UT. Happy to know that FSM supplemented articles under "Stocks & ETFs Ideas' on their website / app

Roger that hehe 🤲

Rakuten Trade to introduce share trading in US stocks this year, say sources

ONLINE retail brokerage Rakuten Trade Sdn Bhd, a 50:50 joint venture between Japan’s Rakuten Securities Inc and Kenanga Investment Bank Bhd, is expected to allow its Malaysian customers to trade US stocks at local commission rates on its online trading platform this year, according to people familiar with the matter.

The online platform currently allows customers to invest in Malaysia stocks only. However, there is a growing appetite among local investors for shares traded elsewhere other than Bursa Malaysia.

It is understood that Rakuten Trade plans to ride on US-based trading platforms such as Interactive Brokers to provide access to US stocks. Rakuten Trade CEO Kazumasa Mise declined to comment on the matter when contacted by The Edge.

Some of the popular US trading platforms are Interactive Brokers, Schwab-TD Ameritrade, eToro and Robinhood, which offer zero commission on equity trading. Other fees may apply, however, such as foreign exchange fees on non-US dollar deposits and withdrawals.

“Currently, the high brokerage fees are the biggest hurdle for Malaysian investors who want to diversify into foreign stocks. But Rakuten Trade is looking to offer the same commission rate as that for trading Malaysian stocks when customers trade US stocks on its platform,” a source close to the matter tells The Edge. Rakuten Trade currently offers the lowest brokerage fees in the country, from as low as RM7 for trades of up to RM100,000 to a maximum of RM100 for trades above RM100,000.

In March, news portal Fintech News quoted Kenanga group managing director Datuk Chay Wai Leong as saying Rakuten Trade would enable its users to trade foreign shares in 2021 as part of a strategy to appeal to a wider audience in the retail market, but did not elaborate. The proposed move would also be in line with Kenanga’s digital journey.

“This [direct access to the US market] will be a game changer for the stockbroking industry in Malaysia,” says another source.

A quick check by The Edge shows that, to invest in US stocks from Malaysia, the trading fee or commission of several local investment banks starts from 0.3% to 0.6% for offline trades and from 0.25% to 0.35% for online trades. Brokers also charge a minimum fee of US$25 (RM104). On top of this, there are also transaction costs — comprising a sales securities fee of 0.00207% of the shares traded — levied by a foreign broker to execute the transactions.

Some Malaysians open bank accounts in Singapore to invest in foreign stocks through brokers there. For some, this could be a time-consuming and tedious process and may require travelling to the city state.

Already, Rakuten Trade has disrupted the local stockbroking industry by allowing investors to trade online at the lowest brokerage rate and it invests a lot in technology to save costs. And it will not stop here. Mise told The Edge in a Nov 9, 2020 interview that the company wanted to emulate Rakuten Securities by providing a wide range of products on its trading platform.

Kenanga’s Chay was also reported as saying that, next year, Rakuten Trade would be looking to introduce cryptocurrency trading on its platform as well. Kenanga had in February acquired a 19% equity interest in Tokenize Technology (M) Sdn Bhd, one of the three Digital Asset Exchanges licensed by the Securities Commission Malaysia (SC). Investors can currently trade cryptocurrencies such as Bitcoin and Ether on online exchange Tokenize Xchange. The market capitalisation of the global crypto market stood at US$1.007 trillion as at February 2021, according to coinmarketcap.com.

Rakuten Trade also recently set up a new division — equity sales — to exclusively generate thematic stock ideas and independent insights as a means to provide expert information that can cater for diverse retail investors, particularly the millennials. Vincent Lau was appointed to the newly created role of head of equity sales effective from January.

Last September, The Edge, citing people familiar with the matter, reported that Rakuten Trade also planned to launch an initial public offering.

Kenanga’s Chay said, when releasing Kenanga’s results for the full year ended Dec 31, 2020 on Feb 25, that Rakuten Trade posted record-high account opening and trades last year, with 166,000 trading accounts at end-December 2020. “Moving forward, we will sustain this growth momentum by rolling out exciting products and new features on the platform to further enhance client experience.”

Mise tells The Edge it aims to grow the number of trading accounts to more than 200,000 by May.

Rakuten Trade closes 2020 with a profit
Mise says the online equity broker closed the financial year ended Dec 31, 2020 (FY2020) on a profitable note — the first time since its inception in 2017. This was achieved on the back of a recent resurgence in retail participation, which fuelled record-high trading activities in the equities market.

Companies Commission of Malaysia (SSM) data shows that Rakuten Trade narrowed its net loss by 11.4% to RM16.26 million in FY2019 from RM18.36 million in the previous year, while revenue grew 65.8% to RM9.61 million from RM5.8 million in FY2018. The company’s net book value stood at RM31.82 million as at Dec 31, 2019.

“We have maintained this [profitability] every month since making our maiden profit in April last year,” Mise adds.

The SC Annual Report 2020 showed that the participation rate for retail investors took an upward turn in 2020, rising to an average of 32.4% in terms of value traded of RM3.4 trillion. It was significantly higher than the previous year’s 20.8%, and the five-year average of 21.4%. This values the Malaysian retail market at RM1.1 trillion.

According to a sampling of 19,329 most active CDS accounts in August 2020, the SC says more than 90% of trades by retail investors aged 39 and below are placed electronically.

“Retail participation and trading during the second Movement Control Order remained steady on the Rakuten Trade platform. We did see, however, a 40% increase in accounts being activated month on month in February,” says Mise.

Since May 2017, the brokerage has contributed to more than RM60 billion in total trading value on Bursa Malaysia. It has a retail market share of 6.5%, while its overall market share was more than 2% as at Feb 28, 2021.

Source: https://www.theedgemarkets.com/article/raku...ear-say-sources

[FSMOne Notification] Precious Metals Securities – Redemption fee update effective 30 April 2021

Dear Valued Customers,

We have been informed by AmFunds Management Berhad (“AmFunds”) that there will be a redemption fee of 1% of the NAV per unit if redeemed within 90 days of purchase.

For example: -

There is no redemption fee for those invested prior to 29 Jan 2021, and redeem after 30 Apr 2021 as it has exceeded 90 days of investment period from the date of purchase.
However, if have invested on 10 Feb 2021, and redeem on 4 May 2021, there will be a 1% redemption fee imposed as the investment period is only 83 days.
Similarly, if you have invested on 22 Feb 2021 and redeem on 22 May 2021, a total of 90 days of investment period, there will be a 1% redemption fee imposed.
You may refer enclosed document for details. If you need further clarification, please do not hesitate to contact us at 03-2149 0567 or email us at clienthelp.my@fundsupermart.com.

Thank you.

Yours sincerely,
FSMOne Client Services

Thank you for sharing. What a performer, BIMB i Growth

This is FSM bro?

Eastspring Investment Dana Al-Islah for me. A solid fixed income in terms of sharp ratio and preservation.

Great information.