(Disclaimer: There is not a recommendation on the examples being discussed in this particular thread(OR mentioned in any posts here) and I am (or anyone is) not responsible if any loss is suffered by any person due to this thread. As we all knew, Investments are with risks.)

-Information displayed might be obsoleted by the time you reading here. Hence, please keep yourself updated from time till time.

-I'm not any Public Mutual funds agent at all. Nor I got any employment relationship to Public Bank(and any banks globally). Some members who reading this thread might got an WRONG impression that I'm promoting Public Mutual funds. As a matter of fact, I'm an investor out of millions in the market. I responsible for what i saying here. Notwithstanding the aforesaid, I'm not guarantee myself to anyone here that, one day I could not be a Public Mutual fund agent in the future. Personally I invested quite a lot of funds. Since Public Mutual fund quite reliable, may be there is why me or anyone keep mentioning that. The fact is simple as that. Believe or not, is up to individuals here.

Guess, I would need to spend much time in this section. I do play some investment. Problem is I doing that by agent. Thus, still many stuffs I'm unaware of. Just listening to the agent/unit trust. Recently I got some $ invested in Public Savings Fund. Was quite a big amount. Therefore,... what is this actually. I'm still quite blur. However yesterday I receive a RM 180 cheque already. Is this fund good?

I was told by the agent. It's 40% for saving. 60% for investment only. I was given two choice that time. One is Public Savings Fund, the other is Public Islamic Dividend Fund. He said that Islamic Dividend Fund is much more safer than Saving. As the value only at 0.2585(buy) 0.2752(sell). While Public Savings Fund is 0.6715(sell) and 0.7151(buy). I invested at about 0.68(if not mistaken)

Anyone got funds investment?! Please share your opinions...
Tomorrow would get back here again. Thanks for viewing.
edited:
Layman's notes:
I like to make my own notes while reading. In this way, it's more efficient than just reading it. Of course, I'm just a beginner.

-The 3.75% charges make me hold the bond as long as possible. Thus, once and before any fund or bond to buy. Think carefully first. Once invest, then must wait for a long time for it to recover.

-Investment is better than fixed term deposits because of the factor of inflation. Nonetheless, as we knew, investments itself got Market risks, Particular Stock Risk, Liquidity Risk, Interest Rate Risk, credit Risk, Manager's risk, Loan financing risk, Risk of non-Compliance, Risk of Non-Compliance with Syariah Requirements, Currency risk and country risk.
Never list down, i also dun know got so many risks...

-Some people who working might need to buy a car, or a house. Everyone needs that. But these stuffs not cheap. That is why Fund and bond exist for people to plan saving in a period of time, say 3 or 5 years with HIGH interest rate yet lower risked. In a way, it indeed much better than the ordinary Fixed term deposit in our bank. Bond, Fund investment method could be 2 types, one can invest in one big amount and wait for 3 or 5 years to get high interest(this normally are just extra money). Another one is by investing monthly, it's actually a type of saving. For us to fulfill our dream.

-For the first time I heard that mutual fund/unit trust is more risk than market shares. If and when anyone listen or read this stuff. Be more careful to those people who said above. Perhaps they never buy any shares and do funding yet.

-Experiences hunt,... please refer to
Post# 65 by vincecyc
Post# 107 by stmu
Most posts by khoong25
Post# 705, 712, 713, 721 by rexis
Post# 962 by low yat 82
Post# 963 by Geminist

-Some words to keep in mind when me playing with fire(shares? Fund? Forex?)
*Risk no more than you can afford to lose, and also risk enough so that a win is meaningful. If there is no such amount, don't play. by Ed Seykota

-Basically, when you investing in Funds or so called Mutual Funds. The first day launching is the best day for hunting. As normally there will be 1% of free bonus units to be offered or some sort of other offers. Thus, please pay attention to the newspaper. or talk to your bank friends closely. It's where and how to put you at a more beneficial stage. Early birds always got something to eat.

-
edifgrto: "I just make phone call to the Fund agent, being told that, as for the charging is only one time for purchasing only. While reinvesting, there is no charges at all. I'm a bit puzzled on this, what to do now is, to wait for the Fund Statement arrived. Currently I do got one fund having this case..."

-Indeed, why me so interested in these Mutual fund also known as Unit Trust(You might ask this?). Because share market is for someone much more clever than me. I made a huge lost that enough to be a lesson for me to stick with what suitable for myself(Simple as that). Just let those soldiers go to the battle field. Me more interested in lower risk, lower profits only... if any...

-Reading people make money from Share market is so easy, but people playing share market seems no one never make any lost before. My first investment made my RM 16,000.00 went down to drain. Nothing gain back,... not even one cent!

-For general information of market, economic of Malaysia
http://www.pwc.com/pdf/my/eng/publications/mamy.pdf
http://siteresources.worldbank.org/INTEAPH...sia-March06.pdf
Post #1175 by whtrader in Investment thread regarding Forex scams

-Some related websites that I might need to dig out information. Indeed, somehow... case like we went KFC for fried Chicken but we seldom(or never) visited KFC website perhaps. Therefore, same case here. Does not mean I always do reading from the sites. Then, I(or anyone) would surely make money. Just for reference, perhaps...(more to be added...) Some mutual agents inside the spoiler. Since it keeps growing. I decided to put them in Spoiler, for better viewing.

-Added some Fund Pricing attachments, collected from bank websites for pricing references. I'm not so sure if this fine?! If it's not permitted, I would take it out. Please let me know if it's not appropriate.

-dreamer101: What people did not tell you is in stock trading, if you do not do margin and stock option, you only lose the money that you invested in. In Forex, because of leverage and you must do levarage to make real money in forex, you can lose up to 20 times the money you put in.
Post# 1227 in Investment thread.

-louislim2: before you invest,make sure you can save your money like coins,that is the hardest part,and the most important part!!do you believe i can buy a motor cycle by cash just only i save my coins??i save until full of a big long bottle.when i count is around 6000.omg...i save for 4years,everyday throw in all my coins that if have.that it,this is the started point.you want to invest,just invest your attitude!!
Post# 1340 in Investment thread.

-luqmanz: It depends on how much return you expect to get. If your are hoping to get 25-30% ... that's almost impossible. ...
A good performing mutual fund can give return up to 15-18%.
Post# 1419 in Investment thread.

-pidah: when the Composite Index going higher, the Fund Manager will switch the Equity fund to Bond fund/Money Market Fund (Fixed Deposit) where as here you will gain more RM. But when the KLCI going down, the FM will switch back the fund frm Bond Fund to Equity Fund. (here u gain more units). As i mention before, source of U.Trust - Rise of Unit Price (Capital appreciation).
Post# 1432 in Investment thread.
edifgrto: I think I seriously would have to call my agent to ask about this switching stuff.

-pidah: and also you must remember that there are 3 type of source of return from UT which are:

1. The rise in unit price (We call it capital appreciation)
2. The annual dividend/distribution/bonus declared
3. The unit split declared.
Post# 1423 in Investment thread.

-Post# 1457 by Drian was something about Fund. However, he has not read pidah's post in 1423(which was in his previous page). Hence, his calculation becoming not accurate. To thoroughly get the calculation... you just need to throw RM 1000(probably) since the first year. Then, you would know how much income generated over the period. Drian did his work without invested real money in. And the most important thing is, not all funds are good. As luqmanz stated, not all funds are bad either. Else, there is no risk. Money would just fall from the sky. And, I won't create this thread here.

-To check the latest fund prices. It's to go to the each fund manager website to check. Alternatively, we can use The Star or OSK188. Which they allowing the public to check freely. Though me got the account with OSK188. But it's quite convenient for me to know the price without logging in. The advantages of OSK188, perhaps it allowing me to put all my invested funds in my favorite. Please note the price dated.

-For whom might interested in funding, getting high profit yield like 25% per month is impossible. However, by picking the right ones, the ranges for return on investment(ROI) for 4 weeks(1 month) are,

For selected best equity funds, higher risk
ROI, 1.13% to 3.29%

For selected best Mixed Asset funds, moderated risk
ROI, 0.55% to 3.88%

For selected best bond funds, lower risk
ROI, 1.31% to 3.50%

-Thanks to Oriental Daily News that giving me this set of information of Capital Guaranteed Funds performance as at year 2006. I have attached it for members that might interested in full capital protection fund type. Please pay attention to their average yield in 1 year. At least 6.27% annually is higher than our saving in banks.

-27th Feb 2007 is an interesting day. As when the CI dropped over 50pts what gonna happen to the funds I invested?! I better note this down for my reference here.
-to be continued later,...

Source: Note ideas from prospectus, and also some of my own opinions.

Some off-topic stuff in the SPOILER



v1 link - http://forum.lowyat.net/topic/367939

This post has been edited by David83: May 7 2008, 04:08 PM

Thanks David83, nice job.

Here are some of the top performing funds over the 3 months to end of Apr-08.


%___ NAME_________________________________
13.5 Hwangdbs Global Commodity Fund
11.0 Pruglobal Basics Fund
10.0 Amglobal Agribusiness
09.5 Hlg Global Resources Income Fund
09.5 Ing China Access
07.7 Amglobal Climate Change
07.6 Hwang-Dbs Environmental Opportunities
06.9 Hlg Asia-Pacific Dividend Fund
06.4 Prucommodity Plus Structured Fund
06.1 Pruasia Pacific Shariah Equity Fund
05.7 Hwangdbs Global Emerging Markets Fund
05.6 Cimb-P Climate Change Equity2
05.5 Maakl Asia-Pacific Reit Fund
05.5 Osk-Uob Big Cap China Enterprise Fund
05.3 Cimb-P Greater China Equity Fund
05.1 Cms Asia Pacific Oriental Fund
04.6 Ta Asia Pacific Islamic Balanced Fund
04.6 Alliance Global Equities Fand
04.5 Amschroder European Equity Alpha
04.5 Pruasia Pacific Equity Fund


Accuracy is not guaranteed. Not meant as a recommendation on anything.

Now it's Maybank turn to over gold savings account:

http://www.maybank2u.com.my/maybank_group/...oldsaving.shtml

Previously was from Public Bank:

http://ww2.publicbank.com.my/cnt_press257.html

What you guys think of this kind of investment?

v2.... great thanks david83!

i think the maybank gold passbook is like kijang emas offered by them...

I believe it will be separate - Gold Passbook Account & Kijang Emas Account

Are you investing in either of this?

Where u got the info?
care to share

I'm still in learning phase of unit trust investment

You can get the information for rankings in The Edge or Personal Money.
BizWeek has it too, but the table they're using is different.

I get my numbers from http://biz.thestar.com.my/business/unit_trust.asp which I load into a database, and from which I can then compare different funds across different periods. I have a little program that does this automatically because I'm too lazy to do it manually.

There is another website http://www.invest.com.my/personal/funds/price which does some of it for you, but you can only compare 3 funds at a time, for pre-selected periods.

Other sources like Personal Money make comparisons for 1-year or longer periods.

yea.. just start my first Gold and Unit Trust investment - public Bank Gold Acc., PBIEF and PCIF

I normally refer to The Edge (which is weekly) or Personal Money (which is monthly) for Unit Trusts Performance. Personal Money has a page on Stock market indicators, FD rates and Unit Trust Performances.

Also, you may need to know the year end of the Unit Trust you are purchasing. It will be cheaper after the dividend payout. So if you are going near that date you may want to consider waiting a bit longer.

For the Gold Investment, the prices are different if you purchase Gold Savers Passbook or Kijang Emas, or other forms of Gold. Two banks offering the Gold Passbook are Maybank and Public Bank. I'd prefer Public's rates, but I will let you all decide. You can do the research online.

Used to like Personal Money, lately can't help but noticing the drop in quality of publication... rampant advertisement flooding.

Terminated my subscription.

AmInvestment income distribution

KUALA LUMPUR: AmInvestment Bank Group has declared a final income distribution of four sen per unit for the AmGlobal Enhanced Equity Yield fund for the financial year ending May 2008.

It said in a statement the distribution represented a yield of 4% investment return based on the net asset value per unit of RM1, offered from June 21 to July 11, 2007. – Bernama

URL: http://biz.thestar.com.my/news/story.asp?f...66&sec=business

hi guys. I would like to ask,

are there any chances that there is a method to calculate return of investment for mutual fund investments?

The calculation is simple...

Total Return = [(Current Value of Units - Total Capital)/Total Capital] X 100%

Current Value of Units = Total Units X Current NAV (i.e. unit price)

Total Capital = Total amount of $$ invested in the fund

alright, thanks for the fast reply

PNB Structured Investment Fund

The PNB Structured Investment Fund is a close-ended fund with a five (5)-year finite life. The Fund seeks to provide investment opportunities that generate reasonable returns and growth over the tenure of the Fund while endeavoring to provide capital protection to Unit Holders.

Prospectus: http://www.maybank2u.com.my/consumer/inves...pnb/index.shtml

More info: http://www.maybank2u.com.my/consumer/inves...ment_fund.shtml

CIMB Islamic Commodities Structured Fund 1

This fund is suitable if you:
1. Want a Shariah-compliant investment
2. Want access to structured products;
3. Seek potentially higher profit than the 1-year GIA; and/or
4. Want a medium-term investment

More info: http://www.cimbbank.com.my/index.php?ch=ba...4&tpt=cimb_bank

This post has been edited by David83: May 12 2008, 12:36 PM

CIMB Islamic Commodities Structured Fund 2

This fund is suitable if you:
1. Want a Shariah-compliant investment that aims to pay regular income
2. Want access to structured products;
3. Seek potentially higher profit than the 1-year GIA; and/or
4. Want a medium-term investment

More info: http://www.cimbbank.com.my/index.php?ch=ba...5&tpt=cimb_bank

This post has been edited by David83: May 12 2008, 12:35 PM

Buying of selected oil and plantation stocks amidst the rise in oil prices to a record high of US$125.9/brl helped the KLCI to register a gain of 1.1% to 1,285.2 points for the week.
Most regional markets retraced on concerns over rising inflationary pressures after oil prices hit a record high of US$125.9/brl on Friday.
The local market is expected to continue to take its cue from regional markets as investors monitor the outlook for economic growth and interest rates in the U.S.

Oversubscription for Maybank Structured Deposit

Launched on April 15 2008, Maybank Alpha Centurion Structured Deposit (MAC) closed a week early on 7 May. The total deposit size has exceeded RM480 million, 60% more than the initial size of RM300 million.

Maybank Head of Wealth Management, Teh Cheah May said the response to MAC was quite overwhelming particularly in the present challenging market conditions. The attraction of MAC is the flexibility of investing in a 2 and 3 year tenure and the compelling strategy of generating potential returns in excess of the term deposits rates and is independent of any market conditions, be it bull or bear.

An all weather opportunities structured deposit, MAC offers 100% capital protection to investors when held to maturity and it takes the emotion out of investing during uncertain market conditions. It is an ideal product to complement existing investment portfolio of long positions.

URL: http://www.maybank2u.com.my/corporate/pres...08/080508.shtml

In conjunction with Permodalan Nasional Berhad's 30th Anniversary and Minggu Saham Amanah Malaysia 2008, Amanah Saham Nasional Berhad is having a nationwide promotion on its existing funds:

Amanah Saham Nasional 3 Imbang (ASN 3)
Amanah Saham Gemilang (3 funds: ASG Pendidikan, ASG Kesihatan & ASG Persaraan)

Maybank is one of the ASNB agents participating in this campaign and all new Investments and top-ups can be done at all Maybank branches.

During the promotion period from 20TH APRIL - 20TH MAY 2008, investors will receive 2 FREE UNITS ON EVERY 100 UNITS INVESTED. The free units will be credited to your account on 21st May 2008.

Whatever your financial objectives — for yourself, your children’s education, medical expenses
or retirement — ASNB, the largest investment management corporation in Malaysia with more than 29 years of experience, will assist you to achieve them.

URL: http://www.maybank2u.com.my/promotions/inv...asnb/index.html

Just a friendly notification on Public Mutual's Unit Trust Fund with financial year ending coming this 31st May 2008:

Funds with financial year-ending in 31st May 08:
1) Public Balanced Fund (PBF)
2) Public Ittikal Fund (PITTIKAL)
3) Public Islamic Equity Fund (PIEF)
4) Public Dividend Select Fund (PDSF)
5) Public Far-East Select Fund (PFES)
6) Public Select Bond Fund (PSBF)
7) Public Regional Sector Fund (PRSEC)
8) Public Global Select Fund (PGSF)

Anybody hears or invests in AmAsia Star fund?

This post has been edited by David83: May 26 2008, 06:40 PM

DO post more on these...

I believe there is nothing much to post about. He is just stating the funds that could be paying distributions on 31st May

Sure...will try to post any updates on unit trust funds, especially on Public Mutual here.

Yes, that's information sharing well, as do not have as much information as the agents.

thanks

PUBLIC MUTUAL DISTRIBUTION DECLARATION FOR FUNDS
FINANCIAL YEAR-ENDING 31st MAY 2008

Public Mutual has declared Distribution for funds with financial year-ending on 31st May 2008 as following

1) Public Balanced Fund (PBF) --> 5.00 sen
2) Public Ittikal Fund (PITTIKAL) --> 5.00 sen
3) Public Islamic Equity Fund (PIEF) --> 1.50 sen
4) Public Dividend Select Fund (PDSF) --> 1.50 sen
5) Public Far-East Select Fund (PFES) --> 1.50 sen
6) Public Select Bond Fund (PSBF) --> 4.00 sen
7) Public Regional Sector Fund (PRSEC) --> 1.50


Please kindly take note that interim distribution has been declared for above mentioned funds in 30 November 2007.

1) Public Balanced Fund (PBF) --> 10.00 sen
2) Public Ittikal Fund (PITTIKAL) --> 10.00 sen
3) Public Islamic Equity Fund (PIEF) --> 5.00 sen
4) Public Dividend Select Fund (PDSF) --> 3.75 sen
5) Public Far-East Select Fund (PFES) --> 4.00 sen
6) Public Select Bond Fund (PSBF) --> NIL
7) Public Regional Sector Fund (PRSEC) --> 3.50

---

Added on May 31, 2008, 3:23 pmSaturday May 31, 2008
Public Bank launching new investment product

KUALA LUMPUR: Public Bank is launching PB Asian ACES Structured Investment, an offering to investors to take advantage of both bull and bear markets.

The three-year investment via floating rate negotiable instrument of deposit was 100% capital protected if held to maturity, Public Bank said in a statement.

It was suitable for investors seeking potentially higher returns compared with current fixed deposit rates without taking any risks on their capital invested, it said.

“With the 2% instant rebate, this investment allows investors to cash out part of their returns first and let the strategy work for them during the next three years,” said managing director Datuk Seri Tay Ah Lek.

PB Asian ACES will capitalise on extreme price movements from a dynamic universe of 100 largest Asian stocks – actively buying the worst (buy low) and selling the best (sell high) stocks based on a set of well-researched quantitative rules, Public Bank said.

This long-short market neutral strategy was rebalanced weekly and aimed to extract high upside potential without reliance on market direction or timing, it said.

PB Asian ACES has an initial issue size of RM100mil and is available from June 3-20 with a minimum investment of RM100,000 and multiples of RM50,000 thereafter. – Bernama


http://biz.thestar.com.my/news/story.asp?f...00&sec=business

This post has been edited by kingkong81: May 31 2008, 09:54 PM

>> 00% capital protected if held to maturity

Zero percent?

This post has been edited by howszat: May 31 2008, 08:19 PM

i think it is suppose to be 100% capital protected...even original article is wrong..haha...rectify ady

These funds are targetting big fishes.

PNB expects good response to new fund

KUALA LUMPUR: Permodalan Nasional Bhd (PNB) expects good take-up rate for its RM3bil Structured Investment Fund (SIF), which was launched on May 12.

President and group chief executive Tan Sri Hamad Kama Piah Che Othman said he expected a good participation rate for the fund that would close on June 25.

“Half the fund would be subscribed by our unit trust. We are hopeful it would be fully taken up (by the end of its initial offer period),� he told reporters prior to the PNB International Lectures 2008 yesterday.

The SIF is a closed-end structured fund with a maturity period of five years. It would be transacted at a net asset value of RM1 each during the initial offer period.

The fund invests mainly in PNB's real estate investment trusts, structured products and cash instruments.

On PNB's strategy due to rising cost of products and services, Hamad Kama Piah said: “We are reviewing our strategies everyday. We always want to ensure that we create value for our investments.�

Asked about a report that PNB was looking to take over HeiTech Padu Bhd, he declined to comment.

HeiTech Padu had replied to Bursa Malaysia on Monday that the company was “in the know of the active acquisition of the company's shares by PNB since March 2008.�

However, there had been no formal indication or proposals on potential takeover by PNB, the company said.

Meanwhile, the lecture yesterday, the second in the series, featured BT Financial Group Australia chief executive officer Rob Coombe.

In his presentation The Importance of Strategy Execution, Coombe said a successful company was one that executed its strategy effectively.

“Whilst having a clear and carefully articulated strategy is important, it counts for nothing unless you can deliver on its promise to your shareholders, customers and employees,� he said.

He said “superior� execution could be achieved by focusing on five main points: culture, leadership, organisational structure, process and systems and customer focus.

On the importance of leadership, Coombe said: “If you have great leaders working for you, your ability to retain talent will be much better than the competition.�

He also said customers were the best barometer on how efficient a company was at executing its strategy.

URL: http://biz.thestar.com.my/news/story.asp?f...82&sec=business

Hi all, want to ask how many types of investment schemes out there that allows top up of any amount we want on monthly basis? So far I only know we able to do this with UT. But would like to know more on other choices.

Thanks.

I think some investment-linked products allow you to do that, but I am not sure though.
Even in stock market, you can do that, but will have to be by the lot.
Gold accounts, I believe you can go by the grams.
Other than that, I don't think there are others that allow you to do that.

Usually investment-linked products require you to fork out a fixed amount of cash montly; i.e. investment-linked insurance policy.

Usually they are like that, but I think I heard before my family insurance agent told me before that there's a scheme that allows you to pay whatever amount you want monthly. I am not sure though, because that scheme was a few years ago

But do you need to pay for an amount? How about it don't want to pay for one particular month?

I believe it won't be the case. For insurance, you have the flexibility to pay in monthly or annually basis.

It allows you to pay any amount you want (more than the minimum), but you have to pay every month.

Hi David/Jordy,

If we skip investment linked insurance, seems like the choice only left Gold Account, Unit Trust and stocks right? And among these 3, UT belongs so lowest risk while stocks belongs to high risk investment, am I correct?

Thanks.

---

Added on June 14, 2008, 11:49 pmAdd on, what I mean above are those investment that do not require monthly commitment and can we pay any amount we want anytime?

This post has been edited by Shinichi: Jun 14 2008, 11:49 PM

A new investment link policy comes with an auto debit feature whereby if you do not pay your montly payment, the insurance premium is automatically deducted from your cash value ( savings/investments , units built up from previous payments ) so your policy is still in force. Provided you keep sufficient money/cash value in the accounts.

There is no interest charged ( traditiional policy does ).

It could be an added advantage. You can top up more to buy units ( investments ) so future premiums could be debited. It is flexible.

Of course, there are pros and cons too.

This post has been edited by SKY 1809: Jun 15 2008, 09:46 AM

You are partly correct, but even with stocks, you can actually reduce the risk if you hold fundamentally strong stocks for longer periods.
Stocks with great business growth will ride through in times of volatility.
Commodities, such as gold, used to be safe haven, but now with hedge funds speculating on commodities index, we can hardly say that gold is safer as compared to stocks. Unit trust is considered safe because of the portfolio diversification, which reduces the risk, and you have experienced managers behind each of the funds.

If you want to look for investments that you can top up without commitment, then I'd say unit trust is the best choice.
Stocks comes second, but the time required for monitoring is tremendously long.
So, all in all, we want something that will compound our savings while we just leave it there without worry.

In time of uncertainties, investors usually looking for some certainty.

Capital Guarantee Investments perhaps work better with today investment climates. , the uncertainty and slower economy.

A good asset class when comes to asset/risk allocations. A good wealth protection tool.

It is my personal opinion that Capital Guarantee has a better capital protection than REITS , though not actually comparing apple with apple. The returns could be equally attractive as REITs on papers, actual performances may vary from one fund manager to another. Withholding tax on reits are quite high.

But for a period of 2 to 3 years is rather short for Capital Guarantee investment standard, especially for Maybank where the track records are lacking ( they sound too bullish )

This post has been edited by SKY 1809: Jun 15 2008, 10:33 AM

hi,

have you been in the retail managed fund industry before? do you know who exactly is your fund manager? do you know of their credentials?
do you know how they're being hired into the company?

find the answers and you'd only know what your own assumption about being "safe" is properly aligned to reality... or not.

hi,

don't ever take the word for it.. do you really understand this product?
do you know how this product derives it's underlying guarantee?
do you know all the variables that can influence/impact such guarantee status?
do you know what sort of efficiency/inefficiency in terms of cost to place such an guarantee for the issuer?

if you have no idea what i'm talking about.. you're merely buying shampoo at hypermarts.

If you think you know a lot of things about them.

It is time for you to share some things, good or bad of them. This is what this forum for.

We can debate here.

Honestly no one product is perfect to all, may be to some only. But in time to come, this product can be perfected. The bottom line is whether the banker could produce the desired returns as advertised. It could and might not, or doing better than expected.

If they do able to produce desired returns covering all the expensive costs, then it is fine.



And if you want to know the A to Z, then it is your duty to call up Maybank. It is not my job to do the A to Z and report back to you.

If an investor has 500k in FD, and wants to earn slightly better than FD without taking much risk. Supposing bank can only guarantee 65K of 500k if the bank is facing a problem.

What is your investment advice to be given to him or her, if he insists he wants 500k to be guaranteed and other than FDs ?

If you are given a job to perform as CEO of the company, basically your job is to solve the problems. You are not paid only to bring out the problems of the company,without offering any solutions.


I did mention some things about Guarantee product in other threads, and it is boring to repeat the same things again and again. I am sure no one is interested in it.

And till today, i have not heard that investors are getting less than Capital Guarantee. If you do, let us know.

Anyway, I am not the sales person for Maybank.

This post has been edited by SKY 1809: Jun 15 2008, 04:38 PM

Are you implying that you are more experienced than the managers, who have been with the company for years?
If not, it is time you trust someone who is BETTER than you. Criticising someone's credentials is nothing more than criticising your own wits.

there isn't a need to debate here.. from your generalization, it tells me that you're too amateurish to provide comprehensive knowledge about a structured product.

i just find it annoyingly cautious when you keep on harping on the word guarantee.. when the fact is, there is an underlying clause to safeguard the bank for such guarantee.

thus i advocate an awareness to the consumer rather than believing colorful brochures or worst still, believing hearsay from people like you.

i'm just stressing on the guarantee clause here.. read carefully!!

can't discern the difference between questioning and criticism is it?

do you even know the names of the fund manager(s) who manages your fund? assumed you have one to boot..

i'm questioning those blind stupidity at complying at every hearsay and endorsing them without knowledge of what goes into the decision process..

in essence, are you merely a "pak turut"?

Which fund manager's name do you need? I can name all the fund managers in Public Mutual if you want to
I might know the names, but I will not know what they're doing with the money.
Who cares how they manage the funds, as long as they manage it better than any layman would, right?
That is what unit trust is about, we just leave it to the fund managers, because that IS their job.
I assume you have invested in unit trust too, correct me if I am wrong. If I am right, so why DID you invest, when you do not know what the fund managers are doing? First of all, what QUALIFICATIONS that you have to even questioning the decisions of fund managers?
I hope I do not have to take this further, because I feel it is plain useless to even continue this "conversation"

i know my fund manager and their capability.. enough?
i managed a syndicated hedge funds before.. enough?

you only know their names.. what tok you?

This post has been edited by lwb: Jun 16 2008, 07:25 PM

What is the big deal if you managed funds before.

There are many US hedge funds went bust too. There were far too many fund managers failed badly.

Even a football team that had won a match 10 years back, it does not mean they are good forever.

You talk as if the whole world would collapse if without you.

Frankly speaking, the rich and the super rich do not have to go around , and telling people they are rich. Only those not so rich do that.

This post has been edited by SKY 1809: Jun 16 2008, 08:22 PM

so, everybody.. this is what i'm trying to illustrate..
for those who trust their fund managers blindly are as dumdig as yourself..
fund managers know what they're doing.. konon!

This post has been edited by lwb: Jun 16 2008, 08:22 PM

A professional Fund Manager by professional standard would not condemn other fund managers, and without doing any analysis.

Only the unprofessional ones do, and with lots of bad feeling at heart.

This post has been edited by SKY 1809: Jun 16 2008, 08:31 PM

Which fund you think has good fundamentals with the support of a good fund manager than lwb? Would be good if you could share with us and do tell us why. Maybe you can help me place my investment in better hands

I know nothing bout fund managers (except their names from the prospectus) I only look at the risk as well as the type of investment that the said fund would be investing it. Other than those I leave it mostly on reliability and credibility of the company.

i advocate "caveat emptor" but you still got it out of context again..
do you seriously have comprehension issue here ah?

becareful.. don't trust blindly.. get it?!?

lwb, thank you for your kind sharing with us. I really appreciate what you are trying to do
So, since you said that, we all SHOULD interview each and every fund managers that we come across to assess their credibility.
To all investors and prospective investors, heed lwb's advice and get to know your fund managers.

A very good suggestion indeed.

Shall we start to interview those ( fund managers and ex fund managers ) who are actively in the forums ?

This post has been edited by SKY 1809: Jun 17 2008, 08:24 AM

I believe we should, and not many can be found in this forum
Who should we start with then?

just to clarify, the withholding tax for REIT at fixed at 15%. the word 'HIGH' would depends on how high you are tax(your tax bracket).

This post has been edited by ante5k: Jun 17 2008, 12:46 PM

I apologise for using the word " high " because i think there were many investors who were pensioners or retirees ( zero tax group ).

I also want to clarify that I am a just salesperson not qualified at all to share the knowledge of Capital Guarantee ( the details of it ). And if you have doubt whether the product is indeed guaranteed , please approach Maybank. It is your money counts.

I saw many people asking about this product again and again, but only 1 person ( the moderator ) shared something on it. I talk in term of A to Z as this forum suggested and debatable. I have no idea who is fund manger in charge ( deemed to be important by others ). Fund management is totally out of my scope.

I just think this could be an alternate product to FD, since any FD amount exceeding 65K is not guaranteed by bank. Correct me if I am wrong.

There are some qualified fund managers in our forum, but mainly keeping sllence.

And sometimes, they prefer to act like the policemen than to share.

This post has been edited by SKY 1809: Jun 17 2008, 02:45 PM

Well, do not get disappointed. As long as you were willing to share, you will learn in the process as well.
Life is all about sharing, and if you keep it all, you are NOTHING more than selfish.
So, keep on sharing and do not stop even if people are against your opinion.
Accept it and move on

By the way, banks only insure up to RM60k if I remember correctly.

Capital guaranteed fund is good in terms of capital guaranteed. There is no way you can lose your capital. However, there is tradeoff for this. Capital guaranteed funds normally invest 90% of it's money into money market (something like FD, short term loan), and only 10% is invested in share market. The 90% investment in money market will guarantee the investor to get back the capital at least. How much the investor can actually earn depends on how much the 10% money earn in share market.

Another disadvantage is, there is maturity date for capital guaranteed funds. For a 3-year fund, if the share market goes major correction at the period of maturity, then investors will lose the chance to earn money. For normal funds, if market goes correction, we still can hold it and wait for the market recover then only we sell or switch the funds.

Actually the company I tied to ( in Malaysia ) has launched many of this type of fund since Year 2001. Not a single investor complained that they got back than below the guaranteed amount, though a fund manager here mentioned of a non guarantee clause.

About the returns, i am not sure whether investors are happy or not. But recent sales of the product are good.

What you say on the 10% limited investment is quite true.


Short term of 3 years might be good if the share market turns good, then the money you get back can put into equity 100% ( depending on your risk profile ), if you use your money for safe parking at the present moment.

I am talking in turn of Malaysia, not not applicable to US or other parts of the world.

This post has been edited by SKY 1809: Jun 17 2008, 08:59 PM

Actually a lot of people being lure to captial guaranteed fund because of the word 'capital guaranteed'. For those who afraid to lose money in investment, it is a perfect choice or 'bait' for them. I use the word of 'bait' because some of investors of the fund don't actually know how capital guaranteed work, they just know it is guaranteed not losing money. Often, we heard from agents, hey this product is good, it won't let you to lose money one, while potentially to earn more than FD return, then normally without much thinking deeper, mostly will interested one, right?

In Malaysia, there are a lot of people still not that investment savy, so headline can make a lot of difference like the word capital guaranteed. No offence, please don't get me wrong here. It is also one type of different risk investment product out there which might suit to a particular individual risk preference. Just nothing to shout about the word of capital guaranteed.

As I mentioned long time ago, as leekk8 posted. Actually around 10% of the fund being put into work only.

Mostly they work in this way, initial fund being split to 10% : 90%.

So those 90% will invest in money market or bonds which is highly secured with triple A rating etc, even one keep in FD (3.7%), after three year it becomes 100.36% already. Then capital guaranteed purpose is achieved! How simple is that (capital guaranteed), still give a guaranteed return of 0.36% after 3 years.

Then the other 10% money use to buy those high risk stuff to maximise the return like options, futures etc, (equities or stocks might be out of question or scope because it can't generate as much as compared to options if the bet is right or favorauble as according to market condition)

If those 10% money win big then it generate good return to investors. But even 10% money gain 100% in this 3 years time, for overall fund, it only generate 10% return of the total fund only. So final 3 years return is 0.36% + 10% = 10.36%.
So those 10% money has its limitation, that's why most go for options market which is the place its can maximise its return (1 buck can gain 2-3 buck in option market, just like CW stuff we are familar with, you buy 1 cents CW, then next few month, being pushed up to 3 cents, you gain 200% already!) but if market condition not favourable, then lose all togethet but still total fund money will stay at 100.36% at least or higher than that if put into gov bonds, money market etc lah, just illustration only.

Normally after 3 years, mostly people when received the 10.36% return (as above eg.) (for the last few year, it is almost impossibe to make negative return if invest time horizon is from 2004-2007 as worldwide equities is on bull run) then mostly will say, ok, still gain some money (10.++)% for me. But he/she might forget, if put in FD 3 years, one also get 11.1%. <--- this is where most people forget about the opportunity loss. It is considered 'loss' in investment scope or standard of comparison already.

Actually a lot of us are working on capital guaranteed structure on ourself, just without notice. A person has 50K of FD, he/she takes out 5-10K to invest in stock market or whatever, while 40K being put in 3.7% FD, then after 5 years, his/her capital guaranteed target is achieved as after 5 years, as he/she surely got at least 50K even when the shares go burst.

Don't get me wrong, I don't say capital guaranteed fund is not good. It might good or suit to someone risk appetide. Just try to see the capital guaranteed issue from different perspective, then one will know capital guaranteed is not something rocket science nor because of fund managers superiority which can make the fund become capital guaranteed. Again no offence and get me wrong on this, I fully respect fund managers proffesion.

Cheers.

This post has been edited by cherroy: Jun 17 2008, 09:39 PM

year 2001 is right after the dotcom bust.. alot of stuff were sold down and hence evaluation were more realistic and reasonable..

and ever since then (2001 - 2007) it was quite a boom time for properties/equity/commodities.. fixed income.. you name it.

so, it's incomprehensive to claim that the so-called capital guaranteed funds have never lost it's principle value simply because it has never been through a down cycle yet..

folks who have never seen fixed income assets being sold down are just naive as the bulk of these product(structured product) are backed by it.

Thanks a lot cherroy.

I learnt something new today

the underlying bond issuers can also be publicly listed companies. some bond issuers also take insurance to further backed their bonds by referring to re-insurer.. a good example is mnrb.

along this chain.. if either one of them goes shaky, the bond holder can issue a call on the bonds or asked for a cash margin to be increased.. and the vicious cycle can actually bring down the publicly listed companies/re-insurer.

then the worth of the bond will be in question.. (for anyone who thinks this scenario won't happen.. think again, and read more widely please.)

Yes, it is true, bonds can be default as well one, even gov bonds.

now you see why i said what've said when certain forumer here claimed that the guarantee is always 100%
that was when i realized a financially immature guy is talking.


This post has been edited by lwb: Jun 17 2008, 10:36 PM

Hmm...I knew about this but didn't think so far down the chain. Anyway, I am not a fan of capital guaranteed funds. The fact that it invests so little in equities does not suit my risk appetite

The Capital Guarantee Fund is only RM 100 million per launch. The bond is guaranteed by an International Insurance Co.

If you think a foreign international insurance cannot afford to pay out RM 100 million on bond guarantee, that is .

This company paid out about US $ 5 billion claims after Sept 11.

No further argument.

Thanks for pointing out the risks involved.

This post has been edited by SKY 1809: Jun 17 2008, 11:15 PM

you seems to be trying so hard to act smart.. for something that you knew so little. stop trying kiddo.
i don't have to "think".. it's already happening and happened. this is "after the fact" so to speak. how about this for your thoughts? not just public listed companies can go bust.. but even legit and sovereign government can go bust.. one just happened, a local municipal government.

i feel pity for your lack of reading.. if you rise above your own tempurung, you wouldn't say what you've said below.. well known and reputable insurance companies and re-insurance companies both have trouble and near insolvency because of margin calls.

---

Added on June 18, 2008, 12:08 ami respect your risk appetite.. what you choose is ultimately of your own accountability.. i just advocate awareness and education on how learning/paying a bit attention on how your sweat-money is actually working for you.

an "unguarded employee" is as good as no employee.. if you know what this simile/saying means. after all, i always treat my money as employee.. and it's my fiduciary duty to know/manage them.

This post has been edited by lwb: Jun 18 2008, 12:29 AM

It is all about the theory of how to fail. And I have read the book more than 10 years ago. Do not need to read another.

No point to discuss further.

This post has been edited by SKY 1809: Jun 18 2008, 07:13 PM

Yep, thanks for bringing the possible risk to my attention

Important is, investors must be well informed about how capital guaranteed funds work before they invest in it.

Everyone has own choice, and no single investment tool can suit everyone in the world.

In a kind of way, I was thinking that a well-informed investor would not have a preference for capital-guaranteed products.

As cherroy mentioned, typically about 10% is invested in high-risk, high-gain products so that the potential overall gains could be better than just FD. What makes it worse is that the high-risk products could be at the lowest point in the cycle at the maturity date where you have to cash-up, whereas waiting a little longer to sell may have yielded significantly different (hopefully higher) results.

So why not just put 90% in FD, and 10% (or whatever combination you choose) in an aggressive UT where you have the flexibility to change as required and not be tied to a fixed maturity date?

Then again, these products typically have high minimum-amount requirements, so the customers they are trying to attract cannot possibly be classified as not well-informed.

Just putting out another viewpoint. No offence.

No harm done, we are here only to explore ways or merely discussing , and not the promoters of the scheme.

Agreed with you, the buyers ( majority ) are of the middle class and above, and the more informed group. The take up period is shorter than many other products ( like unit trusts ).

OT. For those ( If you are ) into financial services/selling, do respect investors' decisions. It is their decision, not ours. Do not criticise your clients on products that they purchased, especially from others than you. It is rather unprofessional. If the investors ask for you a second opinion, then do accordingly.

Just my 2sen.

This post has been edited by SKY 1809: Jun 19 2008, 10:48 AM

Yes you are perfectly right, that's why I said, anyone can make 'capital guaranteed fund' themselves as pointed out my earlier post, if they are knowing what they are doing or more investment savy.

Set aside you own portion of fund (that you wish to invest a capital guaranteed fund), then keep 90% in FD then the rest is investing in high risk stuff to maximise the return then you are actually investing yoourself in your own tailored made capital guaranteed fund already.

Having said that, those capital guaranteed funds out there are cater for different type of investors out there. As individual might have no access or not enough knowledge to venture into high risk stuff, so need the service of fund manager to tailor made for them. There is not right or wrong in investment world.

Global Equities Market Fund

A new investment linked product from Maybank.

http://www.maybank2u.com.my/consumer/onlin...gem/index.shtml

Just to share about the historical performance of all the equity funds in Msia.

1 year return ranking:
1. OSK-UOB Resources – 28.10%
2. OSK-UOB Emerg Oppty – 26.30%
3. Public SmallCap – 25.32%
4. Public Far-East Select – 22.58%
5. CIMB Islamic SmallCap – 21.28%
6. PB ASEAN Dividend – 20.22%
7. HLG Industrial and Tech Sector – 19.57%
8. PB Growth – 18.33%
9. PRUglobal basics – 17.93%
10. HwangDBS Glo Emerging Markets – 17.84%
11. AmGlobal Agribusiness – 17.84%
12. Public Regional Sector – 16.84%
13. CIMB Principal Small Cap – 16.60%
14. AMB Value Trust – 16.46%
15. OSK-UOB Smart Treasure – 16.16%
16. CIMB Islamic Equity – 16.11%
17. CIMB Principal Equity Growth & Income – 16.10%
18. Public Islamic Opportunities – 15.94%
19. PB Asia Equity – 15.25%
20. CIMB Islamic DALI Equity – 15.23%


3 year return ranking: (Annualized Return)
1. OSK-UOB Smart Treasure – 38.62%
2. CMS Islamic – 34.98%
3. HLG Industrial and Tech Sector – 34.88%
4. OSK-UOB Emerg Oppty – 33.09%
5. PB Growth – 32.65%
6. AMB Value Trust – 32.16%
7. Public Aggressive Growth – 32.07%
8. Public SmallCap – 31.13%
9. Manulife Equity – 30.96%
10. AMB Ethical Trust – 30.46%
11. MAAKL Progress – 30.14%
12. CIMB Islamic DALI Equity – 29.78%
13. CIMB Principal Equity – 29.60%
14. Uni Aggressive 29.34%
15. CIMB Principal Equity Growth & Income – 28.62%
16. CIMB Principal Equity Aggressive 1 – 28.48%
17. MAAKL Value – 28.15%
18. CIMB Islamic Equity – 28.06%
19. OSK-UOB Small Cap Opportunity – 27.88%
20. CIMB Principal Equity Aggressive 2 – 27.78%


Sources: http://www.lipperweb.com

This post has been edited by leekk8: Jun 18 2008, 05:44 PM

HwangDBS Investment declares income distribution

KUALA LUMPUR: HwangDBS Investment Management Bhd (HwangDBS IM) declared an interim gross income distribution of 0.5 sen for the HwangDBS Select Income Fund (SIF) for the financial period ended June 30.

SIF had registered a total growth of 27.31% on its net asset value per unit (NAV/unit). All SIF unit holders registered as at June 24 this year were eligible to receive the income allotment.

HwangDBS IM said Tuesday the 0.5 sen gross income distribution for SIF’s was the sixth distribution since its launch on Jan 6, 2005.

It also declared a final gross income distribution of 0.75 sen for the HwangDBS Select Bond Fund (SBF) also for the financial year ended June 30.

It added all unit holders registered as at June 24, were eligible to receive the income allotment. SBF registered a total growth of 25.75% on the net asset value per unit (NAV/Unit) since its launch in July 2003.

HwangDBS IM chief executive officer and executive director Teng Chee Wai said despite challenging market conditions, it was able to declare income distributions on the two funds and meet with the expectations of those who had invested over the mid to long term.

He said as with most investments, the challenge was to manage performance volatility, consistency and meeting with the fund’s investment objective.

Teng said that SIF has consistently on the uptrend since inception and offer stable returns with minimal downside even when markets were extremely volatile.

As for SBF, he said it was well-positioned to take advantage of potential rally, currently an all-corporate bond portfolio.

URL: http://biz.thestar.com.my/news/story.asp?f...53&sec=business

AmIslamic to distribute RM40m worth of certs

KUALA LUMPUR: AmIslamic Bank Bhd aims to distribute up to 11,000 subscription certificates worth more than RM40mil for its newly launched scheme, AmHigh Takaful Investment-Linked Plan, in a year in the Klang Valley, said chief executive officer Ahmad Zaini Othman.

The plan would be distributed via AmBank and AmIslamic Bank's 183 branches in three phases, with the first six months in the Klang Valley.

The tripartite arrangement between AmIslamic, Takaful Ikhlas Sdn Bhd and FWU Group is suitable for people who wish to invest for their future financial needs such as for retirement, education and for generating wealth.

Ahmad Zaini said AmIslamic would act as distribution agent, Takaful Ikhlas the takaful underwriter and FWU Group as system and shared services provider

"As part of global reach and a means of global diversification and risks mitigation, we also invest up to 50% of the net asset value in international unit trust funds,� AmBank group chairman Tan Sri Azman Hashim said at the launch of the plan.

He said this investment would allow AmIslamic not only to offer innovative investment strategies with the potential for attractive returns but also take into account the need to manage investment risks.

“The product is offered through FILOS, a front office application system developed by our partners, FWU and this online application process is the first of its kind in the Asia-Pacific region,� he said.

He said the participants could opt for lump sum contribution or regular contribution plan in AmHigh Takaful Investment-Linked Plan.

“For lump sum contribution, the tenure is between one and 52 years while for regular contributions, the tenure is between 10 and 52 years.

“The minimum lump sum contribution is RM5,000 while regular contributions are as low as RM200 a month,� he said.

Azman said the plan also offered participants the option to choose suitable investment allocations between AmHigh Islamic Cash Strategy and AmHigh Islamic Equity Strategies.

“The power in investing in unit trust funds is that it leverages on the multi-manager advantages,� he added. – Bernama

URL: http://biz.thestar.com.my/news/story.asp?f...87&sec=business

CIMB-Principal confident new fund will do well

KUALA LUMPUR: CIMB-Principal Asset Management Bhd is confident that its latest product, the syariah-compliant CIMB Islamic Global Emerging Market Equity Fund, will provide respectable annual returns from investments in regions such as Eastern Europe, Africa, the Far East and Latin America.

Chief executive Datuk Noripah Kamso said the fund would invest in companies from those regions that have businesses in sectors such as infrastructure, commodities and technology.

“Strong global demand for petrol has benefited oil-producing economies such as Brazil, Russia and Mexico. With the slowdown in the US and European economies, emerging markets are set to rank among the world’s largest economies in the coming decades,� she told reporters at the launch yesterday.

“To mitigate the current market volatility, investing in this fund will provide investors an enhanced global diversification across the multiple emerging markets.

“The emerging markets cater to a wide range of currencies which may serve as a hedge against the current concern of investors – domestic inflation.� she added.

Principal Global Investors (PGI) will sub-manage the CIMB Islamic Global Emerging Market Equity Fund.

Noripah said emerging markets had outperformed global equities for the past five years due to strong earnings growth.

“Despite global economic uncertainties, the emerging market economies are still in a better position, showing stronger GDP growth,� she said in a statement.

The fund has a total approved size of 300 million units of 50 sen each.

The minimum investment required for any investor is RM1,000.

URL: http://biz.thestar.com.my/news/story.asp?f...59&sec=business