What you meant by scrapped the agent switching? No longer possible to do since even after all the stakeholders are agreed on that?

This was what I got from my Senior Branch Manager.
I think you can guess the underlying reason for this decision right?
It is basically done to be fair to all the parties.
I think it hasn't been officially announced though, but now it is stricter if you are switching agent.
Consideration would only be given if the request is totally legitimate.
So the good news is, you might still be able to do it

As far as I'm concerned, there is no news/notification given to UTC at my branch regarding scrapping off the Agent switching things. Which I think they won't as the Unit Holders must have their rights in choosing their agents. Well, will better get some confirmation as well.




If it is becoz the agent is not servicing their clients, the problem is easier to solve.

But there are some problems where one agent (A) trying to "grab/steal" the other agents (B) clients with bad tactics, and this would cost the agent B earnings as well as reputation. So, it is oso to look after the agent benefit as well, besides protecting the unitholders.

Besides, there will be some instances like new agent who haven't manage to get their code yet, but have started to do some sales, they will have to use their upline agent code. Later, when the agent get their own code, the upline will transfer back the account to them.

To me, if my client is happy with me & wish for me to handle his portfolio, I would either suggest him to sell off the fund fr his old agent to join me fully, else, I would encourage him to continue watever old fund he got with the old agent, and any new funds he wanted to invest, can do it under me. The old agent did not lose his client, I'm getting new client, and the best of all, the unit holders does not need to incur losses by selling & buying again...win win win

nice info guys...gives me a very clear idea and now I'm able to decide..

thanks again!

p/s: I have a few more questions but I guess its not nice to hog and not too suitable for this thread..will open another thread..

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.

Yes, the new agent can do that for the new investor.
But the problem is we can't check for updates on the funds if it's under other agent.
This is what I am experiencing now, as my agent needs me to photocopy every statement I receive
That is why if the services of the new agent is good enough, it is worth paying the price for the transfer.

Jordy: just wondering..aren't you a UT consultant by profession?

I'm gonna try to have a little talk with my agent and see what they say..then I'll decide on whether to switch or not...getting a little frustrated though..

Yes, I am a unit trust consultant, but I do have 2 agents myself
As I mentioned long ago, I was an investor prior to joining the agency.
I did really joined because initially I thought of managing my own funds and also wanted to recommend unit trust to my peers because I saw the potential it has for them.
I know that if I become an agent, they will trust it better because they have seen me gain in my investments.

I am assuming that your agent is one of the ones whom does not educate their clients.
I have seen many who don't bother update thier small clients.
So if you are a victim of this, I suggest that you switch if it's not going to affect your investment much

KLIFF Award Celebration Promotion

URL: http://www.publicmutual.com.my/page.aspx?name=kliff_01_index

1. Service is reduced to 5% from 29th January to 29th February 2008.
2. Funds that is entitled for this promotion:

Public Ittikal Fund
Public Asia Ittikal Fund
Public Islamic Equity Fund
Public Islamic Opportunities Fund
Public Islamic Asia Dividend Fund
Public China Ittikal Fund
Public Islamic Asia Balanced Fund
PB Islamic Asia Equity Fund
PB Islamic Asia Strategic Sector Fund

I think this is an opportunity for me to get some deals.
I have most of my money ready now, which I am planning to use half to acquire PIOF, PSEASF or PIX. The other half I will use when necessary.
What about you guys?

Public Mutual declares distributions for 3 funds

Public Bank's wholly-owned subsidiary, Public Mutual declares distributions for three of its funds. The gross distributions declared are for financial year ended 31 January 2008:

Public Index Fund - Gross distribution of 20.00 sen per unit
Public Enhanced Bond Fund - Gross distribution of 7.25 sen per unit
Public Money Market Fund - Gross distribution of 3.00 sen per unit
Public Mutual's Chairman Tan Sri Dato' Sri Dr. Teh Hong Piow said Public Index Fund has generated a one-year return of 38.85% for the period ended 11 January 2008, according to The Edge-Lipper Fund Table dated 21 January 2008. This fund has generally outperformed its benchmark Kuala Lumpur Composite Index (KLCI), which registered a gain of 37.08% for the same period.

As for Public Enhanced Bond Fund, it has generated a one-year return of 10.20% for the period ended 11 January 2008. This fund has outperformed its benchmark 12-Month Fixed Deposits rate of 3.70%.

Public Money Market Fund, on the other hand, has generated a one-year return of 3.14% for the period ended 11 January 2008.

Public Mutual is the largest private unit trust company in Malaysia, manages 57 funds for more than 1,650,000 accountholders. As at 31 December 2007, the total net asset value of the funds managed by the company was RM28.4 billion.

URL: http://www.publicmutual.com.my/article.aspx?id=6488

Incredible, this is definitely a good time to consider putting my money into PIX. With the current price of 1.0115, 20sen distribution translates into 19.8% of realised profit

PIX just declared distribution today. It'll be good if you go in now since NAV will be adjusted greatly since they declared a dividend of 20 cents per unit.

Yes, I have been waiting for this moment since the start of the year
Let us watch the performance of Brother DJ tonight and we'll decide, shall we?

Not really helpful since KLCI closed shop tomorrow.

Very likely that DJIA will close today's trading in RED.

This post has been edited by David83: Jan 31 2008, 10:16 PM

Tonite DJIA will be red all over...currently FTSE already down more than 2%

Tough ride....

---------------

PIX 20cents dividend

one of the highest i seen so far....one way PM to attract investor/new investor to invest more.
But for annual income terms, this is really good liao...if i'm old ady, and the fund still giving me such a good dividend