Just my own thinking...

Aggressive funds earn more during bull market and loss more during bear market compared to moderate funds. So, in long run where few times bull and bear markets happened, the return of both aggressive funds and moderate funds are almost same.

Amount for invest:
1000/1.065=RM938.97
Unit:
938.97/0.5877=1597.70 unit

I think you get a wrong idea on this. There is no such compounded interest in this distribution situation. If the money is not given back to investors via distribution, fund manager still have these money to gain more money. There is no benefit to investors in terms of value of the portfolio.

Example:
Fund NAV RM1.10
Distribution RM0.10 per unit
If you have 1000 unit (value is RM1100), you will get RM100 for distribution. After distribution, the fund NAV will be RM1.00 ( I think you know the fund NAV will be adjusted accordingly after the distribution). After reinvest, your unit will be less than 1100 unit (because of a small portion of distribution will be taxed). The value you have after distribution still RM1100 or less than that.

What's the benefit of getting distribution, and some more we will be taxed on the distribution?

I don't think we need to consider much about this distribution. This distribution is only useful for fund manager and some investors who need some cash every year. If you're not thinking want to get the payout of distribution, don't choose fund by looking at the distribution. Unit Split is much better than distribution for investors' benefit.

I understand Unit Split has totally no meaning to investors. For me, I don't need cash income every year from distribution. And distribution will be taxed. So, for me, I prefer fund manager to do unit split compared to distribution. This is in my case only.

Unit Split and distribution is used to lower the fund price to make the fund price looked like more attractive. This is the marketing strategies by fund managers.

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Added on December 5, 2007, 11:43 amI don't think PDSF gross distribution is 5.5%. We can see the adjustment is around 3.5% only including the increase of fund price that day, as most of the funds increase that day.

From the memo that I receive, the gross distribution of PDSF is 3.75% only. This is different from the Public Mutual website announcement...

This post has been edited by leekk8: Dec 5 2007, 11:43 AM

I cant see any point that shows China economy is not good...PCSF is still the best choice for high risk fund.

The region markets are not doing very well, except for KLSE...will this be the bull before the election? If this is the case, then it's doubt for the KLSE continue grow after the election.

What you all think about this?

I think the service charge for promotion funds is 5%...pls confirm.

How you all can get the PE of KLCI? You ownself calculate it or get the data from elsewhere?

Since many PM funds investing in oversea now, should we monitor the PE of whole world market?

If you're not statisfied with your current agent, it's still not advisable to sell the funds and buy again under another agent. You will lose the service charge.

If you don't want to be troublesome, you can buy funds under the new agent, and get the new agent to monitor your current fund for you. I think the agent should be willing to help you monitor your whole portfolio.

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.

Election already boost the KLCI to 1513 last 2 months...when the date of election is announced, the effect of election to share market disappear...this is normal...

For Public Mutual, you buy at the price of the day you submit, but not the day the cheque is cleared.

Both ASEAN and China has their own advantage and disadvantage.

ASEAN, no doubt, political issue is the main issue and this will affect the economy and share market. In this region, only Spore is stable in politics. Anyway, Vietnam, Philippines, and Thailand are growing rapidly and these countries definitely will continue to grow. In the progress of growing, government policies play an important role. As, unemployment rate, inflation rate must be controlled well.

For China region, there should be no political issue unless for Taiwan. China has a serious problem now, which is inflation. Luckily, China government aware about this problem and trying to cool down the market and reduce the inflation rate. China has huge population, although it has grown for 10 years, it is still potential to grow further, as still many places in China are not developed yet. And don't neglect Hong Kong. Hong Kong is one of the strongest economies in Asia. With Hong Kong's lead and China huge population, the economy should be able to grow further.

So, justify yourself which region you prefer and invest in long term.

As PFEDF has 50% in Msia market and other invested in regional countries, its well diversified. I don't think this is too diversified, as regional markets may perform better than Msia in near future.

Some more, I invest in local share market...so, unit trust is the way for me to diversify my investment into regional markets.

Distribution is really pointless to investors, moreover the distribution is taxed for a small portion of it.

Anyway, distribution/unit split is meaningful to unit trust companies, where with lower price of unit and good distribution history, it in fact attracts more investors into it. Most of the investors have a wrong perception that distribution is good to them. In fact, unit trust distribution is different from stocks dividend.

Warren Buffet wants to make sure all the attendees to his AGM is multimillionaire.

The link of Public Mutual funds NAV is, http://www.publicmutual.com.my/application/fund/detail.aspx

According to the latest fund review report (30 April 2008) announced by Public Mutual, PITTIKAL only invest 80.65% in Msia. PITTIKAL is not a pure local fund. There are oversea investment.
Korea - 0.01%
Singapore - 2.64%
China - 9.42%
Japan - 2.17%
Indonesia - 2.44%
Hong Kong - 0.27%
Taiwan - 1.26%
Australia - 1.14%

Please always refer to the report announced by Public Mutual before post any info here.

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Added on June 12, 2008, 10:53 amPIOGF in fact is a quite good fund, which I can say is a combination of PITTIKAL and PIDF, 50% invest in growth stocks, and 50% invest in high dividend yield stocks. The only drawback of this fund is, it purely invests in Msia.


This post has been edited by leekk8: Jun 12 2008, 10:53 AM

The most important point is, the investment strategies of the fund you invest actually suits you.

I start this topic just to to share every information of Public Mutual Funds.

If you have anything not clear about Public Mutual funds, can ask here and we discuss together.

To be easy for searching, I just compile a list of content here.


1. Public Mutual Funds Top 5 Holdings (30 April 2008)
http://forum.lowyat.net/index.php?showtopi...post&p=18029356





P/S: Moderator, if you feel that this post should be merged with other topic, please go ahead. I open this new thread just because it will be more neat.



This post has been edited by leekk8: Jun 17 2008, 05:31 PM