Mar 11 2008, 01:41 PM
QUOTE(wtt @ Mar 11 2008, 01:07 PM)
HI Fellow members,
I am new and have some question regard PM fund:
1) I heard ppl say that dun buy a fund that don't finished selling after lauched certain period of time. Example: Fund size is 1.5 billion, after 1 yr of lauching only managed to sell 0.5 billion. They believe the fund may not be as good/attractive as other fast selling funds. So not encourage to buy. Is this true?
2) If I issue a cheque to buy the fund, will I get my fund purchased immediately on the day when I submitted my purchase (with related that day's price) OR they only buy for me when my cheque is cleared after 3 days (with after 3 days' price)?
Thanks!
1) Funds that are attractive will be completely sold in just few weeks ( eg3 weeks. Most likely to happen for Public Mutual fund.). However, it is not guaranteed that this fund will give better returns than the other funds, as the returns on the pools of funds depends on the performance of Net Asset Value of the fund to which it has been channelled. Note also that each funds performance will depends on types of the funds (stocks,index,balance,money market,bonds,etc) and has different exposure to the risk and hence the return. Therefore,selecting funds to invest based on this idea is totally wrong. I am new and have some question regard PM fund:
1) I heard ppl say that dun buy a fund that don't finished selling after lauched certain period of time. Example: Fund size is 1.5 billion, after 1 yr of lauching only managed to sell 0.5 billion. They believe the fund may not be as good/attractive as other fast selling funds. So not encourage to buy. Is this true?
2) If I issue a cheque to buy the fund, will I get my fund purchased immediately on the day when I submitted my purchase (with related that day's price) OR they only buy for me when my cheque is cleared after 3 days (with after 3 days' price)?
Thanks!
2) The price of the funds that you buy would depend on the day the money cleared to buy the fund. IF let say you pay today by cheque and cleared in 3 days, you will buy the fund at the price on the 3rd day.
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Cheers!!
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