Dear Valued Customers,

We continue to serve our valued customers during the Conditional Movement Control Order (CMCO) period.

However, in line with the change of dealing cut-off time by our business partners, throughout the CMCO period, our dealing cut-off time has been rescheduled as follows (Effective from 19/10/2020 – 27/10/2020** ):

**The CMCO period cut-off time shall be continued if the period is further extended by the Government.

Unit Trust Management Companies (UTMCs)	Online	EPF i-Invest
AmFunds Management Berhad	12:00 PM	2:30 PM
PMB Investment Berhad	12:00 PM	2:00 PM

With the exception of the unit trust management companies listed above, the remaining fund houses on our platform would operate on “Business As Usual” schedule, where the cut off time for online cash investments would be 3:00PM and for EPF’s i-Invest transactions at 4:00PM.

We appreciate your continuous support and understanding during this CMCO period.

Stay Safe and Happy Investing!

Best Regards,
eUnittrust.com.my

Link: https://www.eunittrust.com.my/Home/Banner4

Trailer fee.

Let us assume Phillips has RM 1Billion of asset park under their account. The trailer fee is around 0.25% p.a, that will give Phillip RM 1,000,000,000 x 2.5/100 = RM 25M income per annum.

It is a volume game. Hence they don't mind forgoing the one off sales charge in exchange for long term business gain.

Xuzen

For those worried about eUT PMMF liquidity

Redeem RM254k 8.00am,received money in CIMB 4.00pm

Why would the fund has liquidity crunch?
As of September 2020, the fund size is larger than RM 4 bil (RM4,117,082,008.98/ 8,234,164,017.95 units)

https://www.eunittrust.com.my/pdf/Factsheet...00092020_fs.pdf

Even if the fund size is small, money market fund has the highest liquidity as its assets allocation are only in various cash deposits.

what the reason u withdraw

i mean some wanna know how fast if withdraw such amount can get the money.

buy Alliance bank bond get fixed 4.05%pa

guys.. wanna ask, when I click open account for eunittrust.. it got 2 options

Individual
Joint

What does join means? The join account holder can also do all the buying and selling of UT? Also he/she can withdraw the $ from eunittrust to own bank account?

It depends on the instruction you given to them:



https://www.eunittrust.com.my/pdf/eUTOpeningForm.pdf

Thanks...

hmm.. I register online via their website, did not recall having this section in when I register

Shouldn't be.
Please confirm with eUT CS.

I keep a pdf of the print screen on my registration.. ya dont have this OPERATING INSTRUCTION FOR INVESTMENT *(MANDATE) section.

Ok.. will check with their CS.

Thanks!

Why no more UT 0% sales charge promo?

Previous campaign has ended on 30/10/2020

New campaign if any needs to wait till announcement.

won't be long, year end coming soon another cause to 'celebrate'

so far seems like no sale drought also last 1-2 months only

PMMMF return as of October 2020:

i waiting for thier promo
when you posted i thought zero promo is back
but ended up see this
i dont invest in this

PMMMF Return
August 2020: 2.05%
September 2020: 1.9%
October 2020: 1.9 %

Between August till now, OPR did not reduce.

It is weird that PMMMF return reduces by 0.15% , without any changes to OPR.

Such money market fund should have funds in fixed deposit with longer tenure and higher interest (such as 1 year) (interest rate not affected by drop in OPR).

The higher interest helps to cushion the lower interest rate of funds in fixed deposit with shorter tenure (already affected by lower OPR).

Is Philip Mutual keeping more returns in itself for reserve, rather than distributing it to investors?

Yeah, these are just unverified speculation. But, it is saddening to know that PMMMF return is lower than the interest rate of conditional high interest savings accounts.

This post has been edited by kart: Nov 5 2020, 10:42 AM

In July 2020, there was 0.25% cut.
The impact of OPR cut will come later not immediate.

Correct me, if I am wrong.

Following OPR cut by 0.25% in July 2020, PMMMF return for August 2020 was reduced by 0.25% , as compared to PMMMF return on July 2020.

If I am not mistaken, the drop in PMMMF return immediately follows the drop in OPR this year.

Edit: Corrected rate.

This post has been edited by kart: Nov 5 2020, 11:02 AM

Sorry, I can't answer you.
I don't track PMMMF so closely.
And also didn't track correlation between PMMMF monthly ROI against OPR movement.