Public China ITTIKAL Fund.
1)Fund Objective:
To achieve capital growth in mid- to long-term by investing in Shariah-compliant investments in Greater China region, namely China, Hong Kong & Taiwan.

2)Asset Allocation:
75 - 90% of NAV will be invested in equity market
Minimum of 70% will be invested in Greater China region (China, HK, Taiwan) market & China-based company listed in overseas market.

3) Risk Profile: Aggressive-risk
4) Distribution Policy: Incidental
5) Fund Size: 375 million
6)Unit Price: 25sen/unit REDUCED Service Charge : 5.45%!!!

7) SPECIAL DDI CAMPAIGN!! (terms & condition applied)

8) Performance benchmark
45.15% (1-yr) 93.20% (3-yr) 158.84% (5-yr)

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This surely going to be a hit....PM is well known for its ITTIKAL fund. This time it is combined with China some more..

Depending on the type of funds you are investing in, UT generally give an average of 8-10% return p.a.
For my portfolio, most of it earn more than that (excluding the new ones that i juz got, not enuf 1/2 yr oso)


It is gaining popularity now because not only the government are encouraging ppl to invest, it is oso becoz it is definitely a better saving instruments that can give better return than FD, saving accounts or EPF.

I would not agree in term of commerciallize investment vehicle term. It sounds like it is juz a hype or a scam. It is gaining popularity bcoz it really works n ppl are reaping the benefits from it. Besides, the government encourage ppl to invest into UT is oso part of the way to boost our economy as well

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Added on November 10, 2007, 11:29 amme too

This post has been edited by kingkong81: Nov 10 2007, 11:29 AM

It depends on your risk appetite. The same old principle, High Risk High Return. There are Agrressive risk fund like PCSF, PSEASF & PCIF (Pub China Ittikal), there are moderate risk (PIADF, PFEDF), Balanced fund as well as low risk bond fund.

Stocks can give you good return, it can oso wipe out ur earning, like wat u said. There are a lot of ppl out there who dare not play stocks, do not know how, dun hv the expertise & dun hv the time as well, so Unit Trust give them a safer way to do investment.

ASN is oso a type of government-linked UT, mainly for bumiputra. ASN is so popular bcoz it gives attractive dividend, 7 - 9%. But i do not see much capital growth in it. ASN is like super safe UT, since government issue one mar.
But i do see more return in terms of capital growth in non-gov UT, n more availability to purchase it as well (ASN finish even b4 the bank open )

It all depends on your own goal, how comfortable are you in going into this agrressive risk fund. If you are risk taker, maybe it is good for you, if not go for moderate risk income fund. Remember, return always comes with risk. Do not jump into the boat juz bcoz u see everyone is making money there, see whether it suits your profile or not.

One more point is, when you invest in Unit Trust, you are not looking at short term gain. We are at least looking at 1-year and beyond. You have to withstand the market-up & down (especially for aggressive risk funds) in order to get the return.

Set your target, how much return you expect for the fund, once it reach there, then do the switching or repurchase. This might be a better strategy for aggressive risk fund (prevent the sentiment & greediness )

You actually can check the funds past performance in the website. You can click on the "fund performance", from there you can set the interval of performance you wan to see. They give results in percentage though, so u juz need to do some simple calculation to get back the unit price.

This post has been edited by kingkong81: Nov 12 2007, 10:05 PM

It seems like I forgot something important. In between those periods of time, there are unit splits & distribution, which will affect the calculation of the return & price. So, it is getting very complex to calculate. It will work for shorter period of interval (few months) & provided no unit split/distribution in between. I guess using the percentage alone to determine the past performance is ady good enuf

paiseh paiseh

Even my program database did not store the fund price 26 years ago.

P/S: Mayb good assignment to find the formula to calculate this

This post has been edited by kingkong81: Nov 12 2007, 10:56 PM

Haha...sorry, didn't make much help oso over there.

Basically Unit Split does not give much benefits to unit holders. Unit split (eg. 10 to 1, for every 10 units you will get 1 bonus unit) basically is announce to lower down the unit price, in order to make it more attractive to investors, especially new investors. So more money will b pump into the fund for the fund manager to expand/invest in the market.

Though the unit price is lower, the total value of your NAV is still the same. The price is simply lower, because there are more units in it. Eg. Your total NAV value is RM10000 with 10,000 units (RM1/unit), unit split 10 to 1, the total units you have now is 11,000 units, but your total NAV is still remains at RM10000 but price is now at RM0.909/unit.

But in long run, one thing you actually benefited is when distribution is announce, you will get more simply because you hold more units.

P/S: Since can't calculate for u, explain a bit on unit split as return

This post has been edited by kingkong81: Nov 12 2007, 11:40 PM

The FP Advisor might have it, since it does all the calculations on the returns.

Currently still did not manage to get my FPA, the course is always full one. Have to attend the course then only can get the CD though it come together with CAMS.

Unit trust fluctuation can be consider less than stocks market. The fund manager have a large fund at his disposal to invest in the market. With this large amount of money, the fund manager can afford to diversify their investment portfolio in order to reduce the risk of the investment. Therefore, Unit Trust fluctuation is less & as well it is less risky than direct stock investment.

(Imagine, the FM invest in 20 stocks, 12 of the stocks went down, the other go up, so, in average, the loss is less. Compared if u only can buy 5 stocks, 3 of it go down, ur loss is more)


I guess all the others hav made good explanation to the NAV prices

Now the price of PCSF oso not stable...remember, PCSF is an aggressive fund, therefore the fluctuation is higher than other funds. So does the coming PCIF

Wat ppl are predicting is the economy of China will slow down a bit after Olympic...but all this is still predictions. No hard facts or indication that it will happened.

The risk is there...

Like taking a Roller Coaster ride....up down very fast...very dangerous, but very exciting & 'chikik'! Try once, always wan more

Not for faint-hearted investor

FYI...actually both PCIF & PCSF is categorised as HIGH RISK in their risk profile.

The investor profile is for those ppl with AGGRESSIVE RISK temperament....

Basically, both are the same in risk category...it should be, since both oso have same investment market & strategy, does not make sense if PCSF is in lower risk category

Sometimes I oso get confused by it

Balanced fund is consider as income fund (though they did not promise annual return) and in Moderate-conservative category. Bcoz 40% is in fixed income securities investment

Moderate risk equity fund like PIADF & PDSF, is oso consider income fund, but in moderate risk.

there is no fixed income funds. Income funds r those that can give annual income, like moderate risk one & balanced

The risk profiling basically depends on the investment policy & objective.
Hence, in Equity category, we have high risk like PCSF & PCIF, we oso have moderate risk like PIADF, but both are mainly investing in equity, juz with different objective & strategy. High risk majorly going for capital growth, while moderate risk income fund go for annual income & respectable capital growth

PB Fixed Income Funds is the name...does not mean the fund will provide you with a fixed income yearly. It is giving annual income but not fixed. In any case it is a Bond fund...not fixed income fund.

lekk88 u r right, it will b easier to say that fund that give annual distribution is consider income fund in a more general term. Like u say, diff UT company diff way of categorization...

No free lunch my friend

Only china is up...major Asia market all drop today...bad news from US affected all the market. Besides, I suppose everyone is waiting for Fed Meeting on 11 Dec, looking ahead towards the interest rate cuts. If the meeting result not favourable...things might not look too good...

Hmm...mayb d fund manager know there will b a big drop before hand? Since it closed on 10th Dec, start trading at 11th Dec which coincide with Fed meeting. If it is really like that, our fund manager for sure will b grabbing some bargain stocks out there...well this is juz assumption, but if it is real, then hopefully PCIF will fly like PCSF as well.

Tonite DJI poised to open in green , after a big drop yesterday.
(DJI future +78 at current)
Like this, 2mr we might see a recovery.