eUT's marketing has a time lag because the promo commenced on 19 June, but the announcement only appeared on their website this morning (21 June). I emailed them about this time lag, but haven't heard from them.

Thanks to Ramjade who originally suggested eUnittrust, I've been able to apply for an account there. Since I'm new to this, I wanted to run this by you readers to ensure that I'm not paying any fees:

I've decided to purchase the following to take advantage of the Raya promotion:
Affin Hwang Select Opportunity Fund (RM10000)

Can I turn around immediately and switch RM5000 of the fund into Affin Hwang Select Asia (Ex Japan) Quantum Fund without incurring any fees?

I think Quantum fund is soft-closed so you can't buy it for now.

You can switch into something else only after it appears in your book. Not immediately after your purchase.

The only problem with that is the lag time, from intraswitch to bond fund then sell the bond fund and then buy on eUT, probably would take 2 weeks. If the price goes down you make some, if price goes up you'd lose some. Unless you have cash buffer to buy on eUT as soon as you intraswitch in FSM, then there would be no impact in pricing

Yes use a buffer money and execute the transaction simultaneously.

Then the credit earned can be used to purchase funds on FSM which are not on eUT promo.

Their speakers.



Seem pretty phillip dominated ? More speakers not mentioned ?

Another promotion by eUT, this promotion is back to back to the previous promotion


https://www.eunittrust.com.my/fundInfo/promotions.asp

17th July to 18 Aug

Wow..just wow..anyways all good! Lol

Seems like less funds on promo? No Libra this time

This post has been edited by drew86: Jul 18 2017, 08:57 PM

The cimb asia pacific dynamic income is not in the list. I don't know how do they come to decision which fund to put in for promo.

eUT site only compatible with IE ? i keep getting 500 error with chrome

No. This is due to your session has timeout and you have been log out by the system. But for some reason, you used the 'back' button, then you are stuck in this 500 error unable to get out.

The way to get out of this, one of the way is to click 'holding/estatement' (on the top left side) then the system will display you have been log out, then you can relogin again.

EUT/phillip mutual hired trainee programmers and none of staff are IT literate enough to provide proper feedback for this to be resolved. My guess.

This post has been edited by puchongite: Jul 26 2017, 06:42 PM

Money Market Fund also takes 2 working day to process?

From my exp, PMMMF buy order completes on T date, and is reflected as ur holding on the next working day.

Since the profit is paid by monthly basis. When we withdraw, next month only receive interest ? The interest is directly deposit to our bank?

Call them at the customer care and let us know ? Never invested in their MMF.

For PMMMF, the profit is credited on the 1st day of month (include non working day/ public holiday) in distribution form.

If you redeemed ALL in the previous month (lets say April), the prorated distribution will be added to PMMMF holding on 1st May.
Then, you withdrew all distribution in May, the prorated distribution for the distribution of May will be added to PMMMF holding on 1st June and so on.

Thus, there is always some leftover in PMMMF unless u redeem ALL amount on the 1st of each month, provided it is a working day.

I personally treat it as combined saving account with 3.5% p.a. , for fund transfer between Bank, no IBG fee

Is it risky to invest into this platform? Is the shares park under nominee account with Philip Mutual or individual account?

Nominee. Same like FSM. You don't want, you pay full service charge of 5%+

But at least FSM charges a minimum fee unlike eUT give 0% charges. I wonder how they make money out of it, sometimes feel too good to be true hehe

This post has been edited by echoesian: Aug 1 2017, 12:45 PM

I got a feeling that eUT is not something they want to promote, ie given a choice, they want to keep the customers within their other focus businesses. But if the customers are going to run away, then they can be kept in eUT.

What I say that ? In the recent Phillip Investment conference, they managed to pull together a huge crowd, but there is zero mention of eUT platform. They talked about Phillip managed Mutual Funds, Phillip Future, and other agent based businesses. But zero mention of eUT.

This post has been edited by puchongite: Aug 1 2017, 12:56 PM