DCA= dollar cost averaging, means u invest the fix amount every month regularly into mutual fund/ stocks.
Bond Fund is good if u r risk adverse person. Try to search in http://my.morningstar.com under fixed income catagory, there are few bond funds that have > 10% return per annum. But use it as a reference only when u make your decision. But i guess the return of the said bond fund will not fluctuate so much, as these bond fund holding corporate bond with the tenure of 8-10 years in average, so the return will be quite stable, i guess

You can also put some into equity funds to balance up your portfolio. It is depends on how much risk you can take.

what is your risk profile, and also how much u intend to invest?

Bravo Xuzen , i am also a supporter of Fundsupermart. Not their Malaysia operation but their HK operation. It started in HK 1st and now they have 388 funds in their list in HK. Bond fund as low as 0.3% and Equity funds only as low as 1% service charge, not more than 2%. The initial charge has very big impact on how much u make. Assuming u pay 5.5% initial charge and some funds charge 1.5% annual management fee, meaning the cost is already 7%, ur fund need to make at least 7% to break even. Another good point about the low initial charge is asuuming u invest RM10,000 with the initial charge of 1%, meaning only rm100 being deducted, instead of rm550 being deducted for PM, RM9,900 is used to invest in your fund. On the other hand, If u invest in high initial charge fund like PM, u have already lost out RM550 (out of RM10K that u invest) b4 your fund starts to perform. Like chinese saying, 未见官，已被打三十大板。

This has stopped me from investing with PM for the last few years. After i knew that i know more than my UT Consultant, I read >100 articles on economy/finance/investment topic a week. I would say many UTC only knows how to sell, they do not read and only rely on so called the weekly market updates from PM research team report once a week ( and i doubt how many UTC really gone thru the report and use the info/knowlege to advice their customer?) they do not know the market well enough to advice their clients. They are more commission/sales driven rather than a good consulant. What i have said here is the MAJORITY UTC, maybe our dear friends Jordy and David83 are exceptional.

The only funds that i buy from PM now is their bond fund, with the initial charge of 0.25%. PEB and PIBond funds are the cream of the crowds.

I could be wrong, but i did not meet 1 or 2 UTC to conclude, i have been investing in PM > 10 years and i am a Public Mutual Gold member. I have met a dozen of UTC, most of the UTC may inform u on new fund launching, or ask u to sign up the monthly saving investment scheme, but they do not have much knowledge like u do, like i said u r an exceptional, if i ask them why shd i invest in China Titan Stocks compare to China small cap funds? or why and how AUD exchange rate and its interest rate will afffect the Aus Equity performance, or why Emerging market will perform better than US/Europe market in the next 3 years? then they may not able to answer me or giving their views.

In most developed & matured country, only those special trainned personal are qualified to sell investment products to the public, like those with Charted Financial Analyist or Certified Financial Planner qualification. In the case of HK, not all bank staffs can sell unit trust to their customer, only the well trainned CFP can do that.

I may not meet 30,000 UTC to confirm what i say "majority" UTC are not knowledgable, but i guess u did not meet enough 30,000 UTC to confirm that majority are good and qualified to sell right?

i got your point but then it will be difficlut for PM to control which customer need UTC's service which does not. And also they have 30,000 UTC around if PM charge low fees for Online subsription across the board, it will affect the rice bowls of these 30K UTCs.

Agree. Pick only the fund from PM that u think worth to invest. My choice is its Bond fund.

I can smell somthing wrong with the annoucement of the dividen calculation. What u have wrote is the same as the PM website:-

Public select alpha unit price as at 30/11 was RM0.3144. now declared 0.75 sen per unit, meaning 238% return in 6 momths since it only launched April this year?

Public islamic sector select price at 30/11 was RM0.2251, now declared 0.50 sen per unit, meaning 222% return in one year?

Unbeliveable it seems. Pls correct me if i am wrong

This post has been edited by cheahcw2003: Dec 1 2009, 11:04 PM

ok ok i got it. thanks brother

Scenerio 1
Assuming one low entry fund (Fund A) charge at 2%, and PM charge at 5.5%, you put rm10K each for Fund A and PM fund for 1 year, after 1 year u sell the fund.
Assuming both funds give u the same gross return of 10%, Fund A will give u 8% net return (10%-2% initial charge), while PM net return only 4.5% (10%-5.5%), so u see the effect between the low initial cost fund and hight initial cost fund? Pls dont tell me PM fund return is the best in the market that is why they charge 5.5%, or u shd pay 3.5% more, low entry cost fund doesnt means low return.

Scenerio 2
Assuming u invest RM10K in Fund A, after deducting the 2% initial charge, ur net invested amount will be RM9800, while the net invested in PM fund will be RM9450, asuming u invest for long term, say 10 years, average return of both funds are constantly at 10% p.a. for easy calculation. On the 11th year, Fund A will give u a total return (with principal) of RM25418, while PM will fund only give you RM24510, u r worst off by RM908 in 10 years time.

Either u invest for short term or long term, low cost fund is still better off.
Note: i dont work for any UT company, just a layman investor.

This post has been edited by cheahcw2003: Dec 23 2009, 09:08 PM

No doubt PM is one of the pioneer in the industry with long history, 10 years ago there were not many Mutual fund companies around, so PM can easily outshine the others if u r talking about 10 years ago with less competition.

However, if u look at http://my.morningstar.com website (an independent website that track unit turst performance in the country), look at the 1 year - 3 years catagory, many funds performance are overtaking Public Mutual funds, including OSK series (with 2% initial charge invest via Fund supermart), and CIMB/RHB/Am Mutual series (if subscribe via CIMB Click, initial charge is 2.5% for equity funds). If Public Mutual do not do anything to reduce the initial cost, it will loosing the market shares, investors are smarter and cost sensitive now.

Note: i am still an existing customers/supporter of PM, with PM Gold Elite Status

This post has been edited by cheahcw2003: Dec 23 2009, 10:41 PM

i will not prove you wrong as i do not want to affect you and many agent's rice bowl. Those who choose to invest in PM may not have information on how and where to invest in lower service charge funds. PM is using the personal touch service/ agent service to approach those who are busy, do not read and research around, and do not have much knowledge on investment, not cost sensitive investors. So it got a niche in the market.

I guess i have provided sufficient info on how low/high cost funds will affect the return of the funds in short/long run. I am not here to debate with u, perhaps Public Mutual will reduce its cost, i have no complain on Public Mutual except for their initial charge.

We just look at different point of views, you look at seller point of view and i look at the investors point of view who forms the majorities. There is nothing right or wrong.

i tot this is an open discussion forum? anyone are free to give their comments?

yes i do invest in Public islamic bond funds. the initial charge is 0.25%, one of the lowest in the market. But i am not sure if the profit sharing is on 15%:85% basis, as most of the islamic funds have this profit sharing based on the fund performance, anyone can clarify this?

i agree, PB Fixed income, and Public Islamic Bond fund performace are quite closed. It is just that one distributed by Public Bank, and another distributed by PM.

Not necessary to invest in syariah compliance funds. Any funds that approved by EPF will do, u can go to EPF official website to find the approved fund list.

you can go for the low cost funds/ low initial cost. u can search my previous post on that or pm me.

PIX is the worst most expensive's index link fund that track the performance of index.

their bond fund are expensive, but their equity fund is doing as good as Public Mutual, the initial charge is 50% cheaper than PM, if u subscribe online thru their CIMB Click website, most of the equity funds only with 2.5% initial charge.

PAEF = i did not invest in this fund but invest in Commodity ETF instead, cheaper cost to invest, 0.25% initial fees. Not available in Malaysia, but in Singapore /Hong Kong Stock exchange
PFEPRF = a good fund, i put 50% of my bet on this fund. This fund invest in Property/construction companies in far east + REITS.

compare orange to orange, from morning star website, PIX's and OSK's KLCI index tracker funds 1 year return is both 47%
KLCI index initial charge is only 1%, compared to PIX's 5.5%, so if u invest 1 year anc cabut,
ur net return for PIX is 47%-5.5% = 41.5% return, wehereas for OSK product ur take home will be 46%