I think the other factor is ....which currency will appreciates? if SGD appreciates then GOOD for SGD class and vice versa.

There's no hedging for the version of fund sold via FSM - MYR class will be converted to base currency (SGD). As you can see both moves almost tick to tick after conversion to MYR:


Based on prospectus, it mentions no hedging too:
Conclusion: If you dead set on buying it - buy MYR if you're earning MYR, buy SGD if you're earning SGD

Sometimes people buy such funds don't want to make it complicated to think about currency effect. So if they put money in MYR and withdraw with MYR, they just stick to MYR base fund. When u put in fund with different currency, there is conversion to think about as well as currency fluctuation aspect. Currency movement can effect u both way. It's not a guarantee the currency movement will benefit u.

But I usually see this effect is most significant on Capital Guaranteed funds. Where client will question why when get back is lesser than expected. It's because of currency conversion.

What I meant was to simply fund it in whichever currency you have access to easily. Since from morningstar you can see both moving concurrently together after currency conversion, it'll be more efficient to let the fund manager handle the currency conversion

The moment you transact (regardless of MYR or SGD), you end up holding the same underlying things - a mixpot of stocks in DBS, UOB, OCBC, Keppel, Venture Corp, Sing Tech, Capitaland, Thai Bev, SingTel, etc.

Stocks are part ownership in company and not hard currency

If you considered to buy MYR class ut fund...and you selected poems sg bcos it has 0% sales charges.......can you pay MYR to poems sg to buy MYR class funds?
If cannot, what is the % of the conversion charges / spread losses?

Been looking at the above inputs with enthusiasm,... good inputs,.. I'll give some opinions here to bro pcf,...

For myself, I came to this cross-road many years ago,... ie which place to invest into, a place with MYR- or a place with SGD- denomination. I studied historical movements of currencies and some other fundamentals.

Back then, the doors were NOT closed yet, it was very easy to open SG bank accts.

Then I realized I will need RM to convert out to the SGD to invest in the SGD-denomination. This was expensive back then, my rate was,... emm,...I think 2.30,.. or something like that,... and when I had to use more and more SGD, it was more painful as I had to convert out more and more of my RM at higher and higher exchange rates.

But, after that I saw returns coming back, and when I 'calculated backwards', I found that after accounting for the spread charged, I am able to get back more RM.

Secondly,... when I invested into one instrument there, somwhow, other interests in other instruments over there will come along.

Such was my experience back then.

Susah dahulu, senang kemudian.

Sure bro,... :thumbsup:

By the way,... the door is not closed yet for opening an SG bank acct... you can still do it via help from Maybank Msia,... and opening an iSavvy Acct in Maybank Sgp.

There's one bro here, Ramjade,... search his postings,... he gave quite some details,..he knows it in and out. I think there is a thread too abt opening SG bank accts.

Well,... in short, let me give you some details,... you need to look fro a Maybank branch that provides this service. Depending on where you are located, go to the nearest branch, fill-in some forms and then need to wait already.

Err,... pls see the thread for more. Sorry, bro, I did not open my iSavvy acct with this route.

Added : Bro,.. I just noticed this input by bro krv : It was really easy to open a CIMB fast saver account though, did it within days via their website. Using it to fund my FSM SG account.

Why don't you try this out ?

I'll give you a Real Life eg : I opened a CIMB fast saver account for the purpose of sending back SGD to MYR, and the process was quite fast.

I used the process from the CIMB SG website, filled in the forms, received the call and asked me to transfer 1k from an SG acct under MY NAME to my incumbent fast saver acct.. I have a few banks accts in SG, hence, this could be done easily. After i transferred the funds, my fast saver became active within two hrs.

I learnt from postings here that applicants with no SG bank acct can also use their CIMB MY acct to 'certify-fund' their incumbent fast saver acct... so you may need a CIMB MY acct too before you apply in the CIMB SG website.

i think only 1 from your listings has long track records of > 3 yrs

2. United Global Technology Fund
3. Principal Global Technology Fund

These two are wholesale fund. Pre-qualification delcaration required and min initial investment is 10k in denominated base currency.