Emm don't relly like Korean Bonds... OPR is already low at 3.25%, can't go much lower and also the debt is already rate AAA, so no more upside.

Was at the Fundsupermart Fair last weekend and both the Greater China Funds recommended (Prudinasti and Manulife China Value Fund) gave double digit loss since 2010. But they did show that P/E is ten year low currently.

Emmm Malaysian Fund Managers so far can't perform for China Investment.. you need local fund managers to navigate the China investments as there are many 'hanky panky' around.

Quote of the day

So China market is actually a crocodile pond, so how do you invest in China Funds if not thru Mlaysian Fund Managers?

I am invested via First State Regional China Fund and DWS China Equity.. google it. I invest via Singapore.

This post has been edited by gark: Jan 16 2012, 03:08 PM

gark, mind sharing how u invested in indonesian bond?

Returns not so good unless invested in 2008. You bought thru dollardex or fundsupermart or Direct?

I realised that short/medium/long term few funds can match the performance of ASB. The Bumi are so damn lucky.

This post has been edited by MGM: Jan 16 2012, 04:18 PM

I believe the same applies to Malaysian equities, I doubt if foreign fund managers with no local presence can do well with a Malaysian equities fund.

Yep.. local fund manager can get good info.. hence better performance. There are foreign fund managers which is doing quite well.. and they have office in Malaysia. Check out Aberdeen Asset Management, and they are managing EPF fund as well. . Other than that fund with no presence/office in Malaysian are doing quite badly as well...

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Added on January 16, 2012, 5:24 pmYep, but they beat the benchmark for almost every year. The china funds managed by Malaysian fund managers all performing below benchmark one.

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Added on January 16, 2012, 5:29 pmThere are few local fund on Indonesian Equity/ Balanced fund but no fund on Indonesian Bonds. If one to invest in a pure Indonesian Bond fund, you must buy through Singapore or Indonesia... I have First State Indonesian Bond Fund...

This post has been edited by gark: Jan 16 2012, 05:31 PM

if i'm not mistaken, the published performance data is already net of annual management fees + trustee fees, but excluding the sales charge and any exit charge.

- AmDynamic Bond got no sales charge
- Exit charge is 1%

Yes, oredy net of fund expenses i.e. management fees and trustee fees

Is there any fund can beat ASB return consistently since 2000?

Would these do?
Only have PM's data - from PBond upwards, CAGR is about 8%pa+
My personal holding in Prudential SmallCap averages 8%pa+ to 9%pa+ now. Was 25%pa+ CAGR in 2006-2007

Please note that ASB Vs others arent really apple vs apple comparison yar. Fixed price mutual funds are magical creatures, thus, reality doesn't apply to them.
I'm just sharing the long term average CAGR as per your Q, since year 2000.

Additional note: IMHO, viewing the results for just 1 ending period (ie. 2012) may not show a proper view. Should see also ending period Dec 2008 (bad ending?) and ending period Dec 2010 (good ending?) .





This post has been edited by wongmunkeong: Jan 18 2012, 07:13 PM

seems that malaysian equity funds beat global equity funds or even asia ex-japan equity funds hands down...is this just an abnormal deviation (cos malaysian market = defensive, recent years global equities are quite bearish), or our local fund managers really dunno invest overseas?

cos everyone wrote that diversification is healthy, but overseas exposure are dragging down our portfolio performance...

This post has been edited by Pink Spider: Jan 18 2012, 07:23 PM

Diversification is one thing. OVER die-worse-ify is bad hehe - average of average.
And as U mentioned, certain countries or continents need insider / local knowledge to invest better.

Just a thought

last time my portfolio got quite significant exposure to global equities (1 fund in emerging markets, 1 fund in asia ex-japan, 1 fund in global equities). all of them in the red between 5-15% when I sold them. Checked back recently on these funds, IF I HAD held on to them til now also wouldn't do me much good.

now just for the sake of diversification, only 1/4 of my portfolio is invested in global equities, with a bias toward developed markets equities (US, Japan, Europe). The bulk of my portfolio now consist of bond and balanced funds with heavy Malaysian exposure. Just wondering should I increase my global equity exposure

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Added on January 18, 2012, 9:21 pmguys, just saw from my online banking page...my unit trust summary...it's DOUBLE of my actual holdings...

do u think if I go the bank and print a report from there, if it REALLY doubled due to their system error or whatever, I can really withdraw it?

This post has been edited by Pink Spider: Jan 18 2012, 09:21 PM

Read this article and its comments:
http://www.themalaysianinsider.com/busines...olls-says-bofa/

What is the best course of action to take if there is a change of govt.?
Sell all KLSE stocks and local funds and keep cash before GE13?
After GE observe and slowly accumulate non-BN bluechip stocks?

Heheh - analyst predictions.. right...

BTW, last election fiasco - index dropped 10% and KLSE circuit breaker kicked-in.
For the "rest of the fall" in 2008, not due to election IMHO but due to the credit crisis thanks to US (BofA analyst from yr link, hm...).
Thus, 10% drop no biggie if only 30%+ of my assets in KLSE equities, assuming my counters held actually fell 10%. In fact, it's a nice to to buy good businesses at discounted prices if one has ammunition held for such opportunity targets.

Anyways, until crystal balls are invented & analysts' predictions are on the money AND on time, i'll continue on with Asset Allocation executed via 50% Value Averaging+DCA & 50% Opportunity/Lelong purchases

Just a thought

Wongmunkeong, always like to read your views.

But in GE12 BN won but with reduced majority, scenario could be diff if Pakatan wins. This round I think whoever wins ( it will be very close) the market will still lose, at least initially.
My strategy is:
Before GE, keep all my fixed-price ASNB funds, sell off all my KLSE stocks and keep cash.
After GE, buy non-BN bluechips with the cash-in-hand and slowly switch from ASNB funds to non-BN bluechips.