For funds, the underlying security of the fund can be anything. Some funds are a basket of stocks so the risk is spread. Some funds, the underlying assets are properties in China, a basket of other funds (Fund of funds), etc

So its better if you read the Product Disclosure Statement to see exactly what the underlying security is.

Btw, if you invest in a fund, any gains in the net asset value will be charged capital gain tax in addition to income tax when you cash in (i.e. redeem), so you get taxed twice. The only exception is if the fund offset net asset value increase by dividends, in this case its just income tax.

There are some funds where the nav is set at $1 per 1 unit and never increase or decrease and has a guaranteed fix distribution of X%, normally lower than what you'd get on a saving or fix term account. But the upside is they will have bonus distributions if the fund performs well, normally amounting to a higher return than a savings or fix term interest rates. So its a small gamble and since its dividends/distributions, its only income taxed.

When you say manage, what are you managing? Your investment in the fund or the underlying security? You can manage your investment, i.e. when to redeem, transfer to other ppl, or reinvest any distributions or any extra cash (this depend on the Fund, stated in the PDS), etc but obviously the underlying security is managed by the investment bank not you. Some people elect advisors (financial advisors) to help them manage the investment for a fee.

This post has been edited by darun: Feb 13 2008, 05:49 AM

Bring your License, no need ic. But you'll need a translation to legally drive and rent car (though some shady rentals might just rent it to you). You can only drive for 3 months with Malaysian license, after which you'll need to take the dkt (undang) and driving test.

Yes there's limit on hand carry, something like 5kg i think (u better check on airline website) and the size must fit in the overhead. Laptop w/ laptop bag is considered free item, so it does not count as using up your hand carry quota.

Actually I still think streamyx sux. So what if there's no cap on download, the speed is so horrible, you might as well cap it. I get a lot more here than I do in bolehland even though mine is capped at 150GB, i hardly reach 100GB per month. I can download a whole 40ep hk series in less 12 hours if the seeds are good, in bolehland i'd take me a few days