I will start posting screen shot of the Public Mutual's Closing prices here. It will serve as a reference to know what is the pricing on X day.

Feel free to help me update (just in case sometimes I'm not online)

This post has been edited by dzi921: Aug 28 2007, 06:00 PM

Good initiative and hope the mods won't be giving you yellow card.

This post has been edited by David83: Aug 28 2007, 05:58 PM

I always wanted to know how much is the fund on X date, but there isn't a place for me to find

If there is information of such, kindly share

I think you can by getting the latest NAV price and perform some calculation using Fund Performance section (measured using percentage).

Alternatively, you can visit The Star Online under Business section but I'm a little confused with the correlation of NAV price and the date.

Lagi more work

It is but that method is for personal usage, let say that I want to know the NAV price on one particular date and just interested in one or two funds.

You don't need to find the whole range of funds.

Mind to teach me how to count the NAV based on the percentage shown in performance chart?

Take eg. PRSF on 03/01/2007

This post has been edited by dzi921: Aug 28 2007, 06:27 PM

From 03/01/2007 to 27/08/2007, the fund performance is +16.14%.

NAV at 27/08/2007 is 0.6695.

NAV at 03/01/2007 should be 0.6695 * (1 - 0.1614) = 0.5614.

Correct me if I'm wrong ...

From 20/03/2006 to 27/08/2007, the fund perfomance is +43.17%

NAV at 27/08/2007 is 0.6695

NAV at 20/03/2006 should be 0.6695 * (1 - 0.4317) = 0.3804

This is not correct, as from my statement it states 0.5534

I think it is because the fund has distributed, therefor I think the fomula is more complex

I'm not sure about that but even the fund has been distributed, the NAV price will be adjusted accordingly as well.

If Im not mistaken, the return has taken the distribution into consideration, so you can't calculate the NAV based on the performance if there is any distribution during that period.

I think we should suggest PM to provide us the historical price of the funds in its website at least for 1 year...

Anyway, most people looking at the fund's performance, but not looking at the price...maybe cause of the distribution...

The agent system can view the fund historical prices. The price alone is quite meaningless as distribution and unit split aren't reflected in the price alone.... unless you are interested to find out the correlation or for any other statistical use. Adjustment for prices needed to be done manually if that's the case.

[attachmentid=286072]
[attachmentid=286073]

If KLCI can acceralate, PM will follow for the trend.

Dear Unitholder,

We are pleased to attach the market wrap for the week ended 24 August 2007 for your information.

Regards

Customer Service

[attachmentid=286409]

Thanks

But how come you get this email? Is this from your agent or PM Customer Service?

Try this, more info on the last few pages.


Attached File(s)
 Market_Wrap_08_24_2007.pdf ( 238.32k ) Number of downloads: 208

From Customer Service. It has been written there in my post ...

How come got difference? Agent's copy of what?

How you subscribe?

I didn't subscribe for that. It suddenly appears in my inbox for months.

How jealous am I

I don't read them also.

Give me your email address and the next time it reaches my inbox, I'll forward them to you.

Ok, PMed Thanks

Ya, mine is agent copy. Got some additional info.

dzi, I think your submitted particulars do not have the email address (or maybe the data entry people skipped it). Get your agent to submit a changing investor particulars form and fill in that email box, then you will receive your copy every week.

No wonder. Thanks for the info

Dzi, you can get your agent to email you the market wraps..
Anytime my agent gets her market wrap, she'll forward it to me..
So I can look at the fund's performances and their allocations data for that period..

This market wrap for unitholders and agents are different?

Ya they are different, I subscribe to both.

[attachmentid=286685]
[attachmentid=286686]

I still don't know they are different...I still thought they are same...

I just knew today that they're different ...

Balanced Funds: A Safer Approach To Investing In Volatile Markets
http://www.publicmutual.com.my/article.aspx?id=6248

In times of volatile market movements, it is a challenge for some investors to keep their emotions in check. When markets are in a strong rally, our herd instinct compels us to join the crowd and ride with the upside. But when markets correct, we are prone to sell out in panic. Yet, the wisest thing for investors to do at such times may be to remain calm and maintain a focused approach for their investments. Keeping an investment portfolio that is invested across different asset classes is a sound and effective strategy to ride through periods of adverse market movements.

Stock markets are volatile by nature and as illustrated in recent weeks, extended periods of rising share prices can often be interrupted by sudden bouts of consolidation. In such times, investors with moderate risk profiles should consider holding a balanced fund which is invested in both equities and bonds in near equal proportions. Balanced funds aim to provide income and capital growth over the medium to long term period by adopting a balanced asset allocation approach - 40% to 60% of the fund's Net Asset Value (NAV) is invested in equities while the balance is invested in debt securities and liquid assets. In comparison, equity funds generally have asset allocations of 85% or more in equities and the balance in fixed income securities and liquid assets.

The main benefits of investing in balanced funds are:

1. More Stable Returns: The overall portfolio risk of a balanced fund is reduced because the returns of equity and bond investments are generally not positively correlated. The potentially higher but more volatile returns from equity investments are moderated by the fund's investment in bonds. As a result, the returns of a balanced fund should be less volatile than a conventional equity fund.

2. Rebalancing: Another benefit of balanced funds is that in times of rising markets these funds "automatically" rebalance the portfolio by taking profits on equity investments which have appreciated and rebalancing the portfolio to its original equity: bond asset allocation of 60:40. Thanks to this rebalancing process, the unit trust investor need not worry about when to take profits on their investment.

3. Capital growth: A balanced fund will allow the investor to participate in the long term capital growth of equity markets because a sizable portion of up to 60% of the fund is invested in equities.

In conclusion, balanced funds are suitable for medium to long term investors with conservative to moderate risk reward temperament with a preference for receiving income and a respectable measure of capital growth. Investing in a balanced fund helps unit trust investors stay focused on achieving their long term investment goals without requiring them to evaluate the prevailing market cycle. Once they have selected a well-managed balanced fund in line with their risk profiles and investment objectives, they can be assured that the managers of the fund will take the necessary steps to rebalance the fund on a regular basis.

Yes, they're different..
The client version is more of the wrap up of the economy, and the expected outlook..
But the agent copy has an additional information, which is the statistical analysis of the performance for each fund, and the allocations..
I'm lucky that my agent sends me the agent copy, so I can see how my funds are allocated and the gearings for each funds..

can send to me also?

Will send to you.

I'm wondering what're the differences between both copies.

This post has been edited by David83: Sep 1 2007, 07:09 AM

Look at the end of the report..
Your copy doesn't have the allocations breakdown and also the technical analysis of the funds..
Should be around page 3-4..

when send?

What you need?

30/08/2007





KLCI
All Time & Current High: 24/07/2007 1392.18
Correction Low : 17/08/2007 1191.55

This post has been edited by dzi921: Sep 4 2007, 09:26 AM

Public Mutual Declares Distributions for 2 Funds
http://www.publicmutual.com.my/article.aspx?id=6254

Public Bank's wholly-owned subsidiary, Public Mutual declares distributions for two of its funds. The distributions declared are for financial year ended 31 August 2007:

* Public SmallCap Fund - Gross distribution of 9.00 sen per unit
* PB Islamic Equity Fund - Gross distribution of 6.00 sen per unit

Public Mutual's Chairman Tan Sri Dato' Sri Dr. Teh Hong Piow said Public SmallCap Fund, which is a small cap fund, has delivered an impressive one-year return of 47.73% for the period ended 17 August 2007 according to The Edge-Lipper Fund Table dated 27 August 2007. "It outperformed its benchmark Kuala Lumpur Composite Index of 26.48% for the same period," he continued. Launched in June 2000, Public SmallCap Fund is suitable for investors with aggressive risk-reward temperament who can withstand wide fluctuations in unit prices and extended periods of volatility.

As for PB Islamic Equity Fund, it is an Islamic equity fund which has generated a one-year return of 31.69% for the period ended 17 August 2007. This fund has also outperformed its benchmark of 31.20%. It is suitable for investors with aggressive risk-reward temperament who can withstand extended periods of market highs and lows in pursuit of capital growth. PB Islamic Equity Fund is open for EPF Members Investment Scheme.

Public Mutual is the largest private unit trust company in Malaysia, and it manages 48 funds for more than 1,200,000 accountholders. As at 31 July 2007, the total NAV of the funds managed by the company was RM23 billion.

03/09/2007





KLCI
All Time & Current High: 24/07/2007 1392.18
Correction Low : 17/08/2007 1191.55

What is this?? Is this similar to bonus? Bonus to those 2 funds?

This means dividend..
These 2 funds are paying out dividends for their financial ending period..

04/09/2007





KLCI
All Time & Current High: 24/07/2007 1392.18
Correction Low : 17/08/2007 1191.55

05/09/2007





KLCI
All Time & Current High: 24/07/2007 1392.18
Correction Low : 17/08/2007 1191.55

wow all green nice to see that

Green is for yesteday's performance and not today ...

All local funds are GREEN for today with little increase but not sure with offshore funds ... due to DJIA poor performance yesterday night. Have to see tomorrow ...

This post has been edited by David83: Sep 6 2007, 08:20 PM

got new fund - PBISSF. I read the prospectus => high risk wor.

Any advice or .. is it a good buy.

I looking for short term high returns... so considering this as well. Any sifu's here hv experience newly lunch PB fund will shoot up (gradual also can) first b4 coming down?

Darkmage12 has tonnes of experience with PB series fund since he/she (I don't the gender) bought several PB series fund. Perhaps he could share some of the real adventure stories.

I remembered got a forumer created a thread to compared PM funds with PB series funds and he concluded that most of PB series outperform PM funds.

can you switch from a PM fund into a PB fund or vice versa?

Switching could only be done for funds under the same agent code.

So, I guess you can't do so since your PM agent doesn't sell PB series funds.

Though so many people are cautios, PM is recovering quite smoothly

From All Time & Current High: 24/07/2007 1392.18 to Correction Low : 17/08/2007 1191.55



From Correction Low : 17/08/2007 1191.55 to Today 1297.93

dzi921, didn't notice that you have PIOF on your hand.

Ya I bought it last weeks after considering it over oversea fund. I think fund managers know MY market more than abroad. I feel safer also

PIOF is quite similar to PSMALLCAP except PIOF is Islamic

Once I have all my account number, will switch PRSF into all of the other equity funds to balance it up

PIOF invests heavily in local market and therefore, I don't classify it as an offshore fund.

Good luck to you. If market continue in bullish form, PIOF will perform. IF plunge, PIOF going down very fast. But you can use this account to accumulate units when market turn around. Since you are going in for long term, just leave it and average down whenever you think is worth it.

My opinion, dont trade PRSF with other funds. It is a good fund to keep, but you can switch when market goes down.

Yes I know

I know PSMALLCAP and PIOF is aggressive. Go up fast. Go down also fast. I will only put some units in it to boost it up

I will be spreading my portfolio out by this percentage

PRSF 30%
PGF 30%
PSMALLCAP 15%
PIOF 15%
PIEBF 5%
PISBF 5%

Really restless waiting for the account number to come. PIEBF just came and it is exactly a month

Like that I should open a PRSF too ....

Still hesitate to pick a good local equity fund. Waited for PITTIKIAL to reopen for more than a year but still no light on that to come.

This post has been edited by David83: Sep 6 2007, 10:50 PM

Ya ler. PRSF a lot of people recommend

I dont think PITTIKAL will be opened so soon. I think most probably when the market down turn for a while then, people will start to cash out from it. The important questions that we need to figure out is:
1. How strong is the correlation between DJIA and China to our KLSE?
2. How strong is out economy fundamental and outlook?

If both turn out to be positive, I think local PM funds can perform also.

In fact, you can call to PM to ask for your account number instead of waiting them send you statement.

I went to PM branch to check. They said not yet. They said the system will usually show faster by 3 days before the mail reaches the user

06/09/2007





KLCI
All Time & Current High: 24/07/2007 1392.18
Correction Low : 17/08/2007 1191.

Hmm, so nice to see my funds are all gaining steadily..
Never regret having them in my portfolio..

Tomoro market might turn red...hopefully not so so red lor

US market is still very volatile. When people tot that situation there calm down a bit, they give u another suprise with -200+ points on Friday

Missed out 07/09/2007

10/09/2007





KLCI
All Time & Current High: 24/07/2007 1392.18
Correction Low : 17/08/2007 1191.

11/09/2007





KLCI
All Time & Current High: 24/07/2007 1392.18
Correction Low : 17/08/2007 1191.55

12/09/2007





KLCI
All Time & Current High: 24/07/2007 1392.18
Correction Low : 17/08/2007 1191.55

13/09/2007





KLCI
All Time & Current High: 24/07/2007 1392.18
Correction Low : 17/08/2007 1191.55

Regional funds have been getting stronger with PCSF in the lead in terms of percentage. Not to mention that MYR is getting weaker overall. Cancels out the bearish KLSE effect.

14/09/2007





KLCI
All Time & Current High: 24/07/2007 1392.18
Correction Low : 17/08/2007 1191.55

Haha, how not to get money with UT right..?
Easy money lol..

It's safer compared to buying direct stock but with the cost of 6.5% la

---

Added on September 17, 2007, 12:41 pmCan't wait for this Wed result...

This post has been edited by dzi921: Sep 17 2007, 12:41 PM

i've been having this theory for sometime.. perhaps you guys can help me out.

what are the reason(s) for a fund company to keep on introducing new funds?
i know, there're the obvious reasons.. how about the less obvious ones?

have you guys ever thought about a fund company doing intra-trade, intra-transfer amongst their funds?

i got gut feeling that something of that sort is happening.. it's a huge scheme and it somehow relates to why new funds are required..

thus far, it's a theory..

New funds are introduced to keep investors interested..
With the ever growing opportunities, fund managers have to get in the new funds to suit for the situation..
It's also a way to keep the funds recycled, while keeping costs low for new prospective investors..

i find this is quite the standard reply/response you get anywhere..
however, am not sure what exactly you meant by:
1. recycling of funds
2. keeping the cost low

..have in relation to launching of new funds altogether? care to elaborate?

As prices of old funds are already trading at premium, they can keep the cost of investment low to new investors by launching new funds..
Normally the IPO price would be low, thus getting renewed interest by investors..
While new funds are released, the charges are discounted during the IPO period..
When the fund managers see that their existing funds are doing great, they'll launch a fund that mimics it..
So they need the new funds to stock up on more counters..
You don't see many people buying the old funds, because most of the cake has already been eaten..

17/09/2007





KLCI
All Time & Current High: 24/07/2007 1392.18
Correction Low : 17/08/2007 1191.55

Not exactly right, old fund doesn't mean it won't go up, performance wise all depend on their protfolio aka stocks they are holding. New fund and old fund doesn't make any difference, the different in performance come from their protfolio.

Different funds have different strategies and investment are done based on the prospectus set and under trustee supervision. They can't go beyond their scope under the trustee agreement and prospectus set. Just like if the prospectus of the bonds fund is aiming at invest in bond, they can't go to stock market to buy equities.

The primary reason of new funds keep on coming out is because investment bank or UT company can make more money through it (comission/front end load/management fee), also there are plenty demand out there after several years of equities bull run that people look at their past few years (UT) performance which is way beyond their conservative FD deposits. I don't say future will be the same nor UT is good nor bad to invest currently, don't get me wrong here.

The more new fund with new strategies will keep some interest investors out there. Just like people saw oil price keep on shooting up then they want some sort of fund that invest in oil or oil company (resources) etc. so it is a demand and UT company meet the demand by launching resources fund etc.

This post has been edited by cherroy: Sep 18 2007, 03:16 PM

I prefer old funds which has track record or those which has won award for consistent performance. Got track record better than no track record (this cannot be said for PCSF, turbo so much within a month 20%+)

To me New funds or Old funds are the same. New funds NAV is lower is a gimmick

This is quite true and people persume it is 'cheap' but actually it is the same. Either they launched IPO price at Rm1.00, Rm0.50 or Rm0.25 makes no different. But a lot of folks out there see the Rm0.25 is 'cheap'. I came across an aunties say want to choose the RM0.25 one but don't want the Rm1.00 by saying the RM1.00 is more expensive but don't know the different between the two funds nor knowing what are the fund investing.

This is the advantage of having old fund, no doubt. Meanwhile, there are plenty of new funds that come with different sectors play. Both have pros and cons.

Yeah, true..
From my perspective, I look at new funds because most of the new funds are investing in the most recent hot portfolio..
Old funds can't really change their scope anymore as cherroy said, so new funds is the only way to go..
Get into what's hot for some quick cash..

great sharing there..

1. fund portfolios aren't static.. (there're mandates and investment criterias)
2. cost of entry is cited as important towards new fund purchase.

how about..
3. new funds are also required during downtime?
(take note of upcoming new fund launches.. despite subdued market conditions)

Personally think the currently, you can't classify current market condition as down nor bear. Look at bigger picture and long term chart, still most worldwide stock markets are not far from its historical high.
Take a look on 5 years chart, still market is at high side.

But condition can change in the future which no one can predict correctly how it will be.

Instead new fund should be launched during bear market as time and time again, it proves that bear market (especially when recession near to end) is the time to pick up some good stock that price is under distressed despite company fundamental still intact. But launching new fund during bear market, I think fund house will have difficulty to sell it, that's why nobody want to launch new fund at that time instead launching during a bull run will receive overhelming response and fully subscribe.

Yes, fund portfolios are not static throughout, but not as frequent as some retailers, buy and sell in just few days. They will review their portfolio from time to time which depends on market movement, company fundamental etc. if nothing changes much, then they generally hold for long term, only trade small portion of their fund.

Yes, if fund house launch new funds during bear market, it's really difficult to sell the funds, although that's the best time to invest. Most people will only invest when bull market and stop invest during bear market. Anyway, only people invest in other way round can be rich...

Slightly OFF topic.

I have invested in 4 (relatively new funds) PIADF,PCSF,PFEPRF & PIABF. I'm looking to invest in the older funds, any recommendations? I'm aggressive, so only equities please.

Have you consulted your agent..?
Your agent should be able to recommend you some..

But here's my take, sorted in descending order:

PCSF
PIADF
PBADF
PFEPRF

I have other funds as well, but they're not performing well..
So going to switch them to these funds..
You can load more into PCSF, since the typhoon is over now..
I believe PCSF is just in its infancy, a higher jump should come closer to the Olympics..
What's better is that PCSF might be able to pay a high dividend at the end of the FY before Olympics..

PIADF is stable income+growth fund, you could consider topping up more..
I'm estimating a dividend of not less than 3 sen, with growth potentially to 0.28 at its FY end..

For older funds, you could try PFEDF..
It has quite a track record, and the dividend was almost 4 sen if I'm not mistaken..
I can check my records for you, or you could ask your agent..

18/09/2007





KLCI
All Time & Current High: 24/07/2007 1392.18
Correction Low : 17/08/2007 1191.55

If you want aggressive, PAGF is an aggressive fund and it has been launched for more than 10 years.
Anyway, a local fund PRSF is a good choice, mostly invest in bluechips.

19/09/2007





KLCI
All Time & Current High: 24/07/2007 1392.18
Correction Low : 17/08/2007 1191.55

PRSF already 13 years, so it has almost peaked..
Our local market is not moving very fast now..
The best is to choose regional markets..
Better leverage opportunities..
PCSF is the best performing regional fund at the moment, and more upside as Olympics is closing in..

EDIT: If you look at percentage wise, PCSF made a little over 2% since yesterday, but PAGF only managed a little less than 1.7%, while PRSF, not much to say..

This post has been edited by Jordy: Sep 20 2007, 01:50 PM