So PIX is a good fund?

Actually, this 20 sen is the highest I've seen for a local UT, way to go
Well, since PM is having such a high confident on this fund, I don't see why I should not
Well, if tomorrow KLSE is closed, I can still buy on Monday (provided KLCI is open then), hehe.
Must get my hands on PIX anyhow.

PIX tracks KLCI very heavily. Any upset to KLCI will greatly impact its NAV. I should classify this fund as an aggressive one. Unless our KLCI is stable and has more upward trend in long term, but judging from current situation, it's like roller coaster ride now. GE is not confirmed too.

Yes, this is high risk fund for aggressive investor. It mainly go into stocks that tracks the KLCI...i.e. those companies that can affect the index.

Looks tempting to me but I got 3 out of 4 funds in my portfolio is in RED.

That is normal, since we are all in sub-crisis mode now.
But since my extra bullets are ready, I can shoot them out when necessary
I do have faith in our KLCI still, since it has proven me right the first time, so I do think I can get it right again the second time

I dont think PIX is high risk funds...the 100 index linked shares are all well known and good share, then bursa only will put the share as KLCI component share. Investing in these share is quite stable and I can say the risk level is only moderate.

Even if it's investing in component stocks, it is still open to market volatility.
High risk means that the volatility/movement is high, does not mean that the risk of losing is high.
We can rephrase it this way, because most high risk funds do invest heavily in component stocks as well.

So Jordy, what's your call? When you're pumping your cash reserve into PIX?

Oh, I just came back. Looks like I missed the time to bank in today
Actually I wanted to buy today, but I was busy Don't worry, as we should have a few chances again.
Actually, anytime you want to pump some money into it is okay, as the hefty payout have reduced the price a lot.

This post has been edited by Jordy: Feb 4 2008, 06:14 PM

Well, if you really went in today, KLCI jumped 20+ points, today NAV will be up a lot even after adjusted (0.8376 -0.1739)

This post has been edited by David83: Feb 4 2008, 07:58 PM

This PIX fund appears to just follow the KLCI in performance, and yet have a full service charge. There are other funds that track the KLCI at a much lower charge, like 2%. So what's the attraction?

Regarding the service charge, it depends on the fund type. If it's an equity or a balanced fund, the service charge is 5.5%. Bond fund and money market fund have lower service charge (<1%).

Which particular fund are you referring to?

I was refering to PIX. Website still says 6.5% service charge, but I assume it's now 5.5%. The performance of PIX follows the KLCI which means the fund managers doesn't have to do much except to buy the components which make up KLCI. That's why other types of funds which do the same thing (track KLCI) have a lower service charge (<2%) than normal (equity/balanced) funds which require more active management from the fund managers involved.

I know what're trying to say. What I'm interested would be those "other type of funds"? Example of fund that is considered of "other type of funds"? Perhaps from other fund managers (not PM)?

OSK-UOB KLCI Tracker Fund

http://www.oskuob.com.my/OSKUOB/page.jsp?n...funddtl_tracker

1% fee on purchase, 1% fee on redemption = 2%

CIMB-Principal KLCI-Linked Fund 2

http://www.investmentgame.com.my/game/fund...-one?fund_id=15

Sales charge: 2%

This post has been edited by howszat: Feb 4 2008, 10:03 PM

Yes, there are many funds that invest in the same category of stocks.
But saying, "That's why other types of funds which do the same thing (track KLCI) have a lower service charge (<2%) than normal (equity/balanced) funds which require more active management from the fund managers involved.", is not that accurate.

I agree if you say there are other funds which charge lower service charge for doing the same thing.
I would not mind if what I am investing in could earn me more than the "extra" 3.5% over the longer term.
It would boil down to experience already, as fund managers are actually not doing anything. They can change the investment strategy according to the market situation.

But I am not saying Public Mutual is the best in managing its funds, but the industry agrees that its management is worth the extra 3.5%

Ok, I take back what I said previously said about PIX.

When I initially looked at the performance graph for the past 1 year, it looked like the performance was similar to KLCI. When I look again at the longer term (3-5 years), it's giving higher returns even though the up-down pattern is the same. So, it's not just passively tracking the KLCI.

Sure, Public has got some good funds. I've got some myself.