Market update – BURSA downgraded by Goldman Sachs Wednesday, Jun 4 2008 

June 4 2008 – The Star reported that BURSA, the Malaysian stock exchange suffered a downgrade from Goldman Sachs & Co, which named Malaysian stocks least favoured in South-East Asia on concerns over political volatility. GS was quoted as saying “the premium market valuation that Malaysia enjoyed relative to most of its Asean peers had political stability as one of its pillars – this is now in question”.

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Welcome to Bangsar South Saturday, May 24 2008 

From Malaysia Property Online: “UOA sets to Remake Kampung Kerinchi”

UOA Holdings Sdn Bhd hopes to turn the old Kampung Kerinchi area into one of the Klang Valley’s most sought after addresses with its latest integrated-city development, Bangsar South. The property developer is a subsidiary of Australia Stock Exchange-listed UOA Ltd, which is also the controlling shareholder of UOA Real Estate Investment Trust (UOA REIT).

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Best Performing Funds as of 29 February 2008 – Equities 2/2 Friday, May 2 2008 

This is 2nd part of the post Best Performing Funds as of 29 February 2008 – Equities. Click here to read part 1, which gives an overview of the topic and also my general observations about equity fund investments.

I know why it took me so long to post thie best performing fund review since my last one in 2006 (more…)

Best Performing Funds as of 29 February 2008 – Equities 1/2 Monday, Apr 28 2008 

Introduction

It has been a while since I’ve posted something about the top performing funds available in the Malaysian market. So I took a quick peek at the latest issue of Personal Money and found my way to the Lipper Tables which list the funds with the best results as of 29 February 2008. Since there are hundreds of funds in Malaysia, I’ve decided to just pick out the Top 12% (arbitrary % decided by me ) ) of funds in their asset class as follows:

  1. Bonds
  2. Equities
  3. Mixed Assets
  4. Guaranteed Returns
  5. Investment-linked Insurance

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Best Performing Funds as of 29 February 2008 – Bonds Wednesday, Apr 23 2008 

Introduction

It has been a while since I’ve posted something about the top performing funds available in the Malaysian market. So I took a quick peek at the latest issue of Personal Money and found my way to the Lipper Tables which list the funds with the best results as of 29 February 2008. Since there are hundreds of funds in Malaysia, I’ve decided to just pick out the Top 12% (arbitrary % decided by me 🙂 ) of funds in their asset class as follows:

 

  1. Bonds
  2. Equities
  3. Mixed Assets
  4. Guaranteed Returns
  5. Investment-linked Insurance

It’s important to note that this list is for your information only, and of course does not represent a recommendation to purchase. Note also that the usual caveats apply, for perfomance tables i.e. that past performance is no indicator of future performance. Some of the top funds of 6 months ago are languishing close to the bottom of their asset class….so beware when picking funds just based on their past returns. In your fund-selection decision, you should consider not just returns but also other performance indicators, such as:

  • consistency of the fund’s returns
  • the rate of risk or volatility (i.e. some top performing funds have a high volatility rate, which means when you could just as easily fluctuate to a loss position)
  • the risk-adjusted rate of return, in essence a combination of the two preceding items
  • capital preservation ratio – a measurement of the fund’s historical loss avoidance relative to other funds
  • track record of the fund manager
  • sales charges and annual management fees

Mutual funds are a mid to long-term investment vehicle so be prepared to hold your investment for at least 3-5 years before selling out or switching to other funds. Sales charges typically range from 5%-6% for equity funds and 1-2% for bond funds. You will usually also incur admin charges for switching between funds (around RM25). Because of these charges, I’m generally not an advocate of buying mutual funds for the short-term, or for investors to pursue a trading strategy for mutual funds i.e. buy and sell with the aim of making quick gains.

The funds range from conservative to medium to aggressive or high risk so understanding the nature of the funds that you are buying into goes a long way towards helping you in your decisions to buy, hold or sell during uncertain times.

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Sales charge on mutual fund investments using EPF capped at 3% Sunday, Mar 2 2008 

Lit Angels at Coleman BKK 

What can I say……what a goooood moooove by the EPF! This means that we investors who decide to withdraw from Account 1 of our EPF to invest in mutual funds now pay only a sales charge of 3% compared to the previous rate of approx. 6%. This takes effect on 1 Jan 2008.

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PSYCHO-logy of investing – whatever!! Sunday, Oct 21 2007 

KLCI 2007 

If like me, you have been a little bewildered and perplexed by the helluva ride that the KLCI has taken us over the past year, then maybe it helps to try to review the year in passing to try to come up with some strategies for investing in these highly uncertain times.

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Latest unit trust funds launched Sunday, Oct 21 2007 

Funds Launch Date Type of Funds Approved Fund Size (million units)
Alliance Global Diversified Property 09 Aug 2007 Equity Sect Real Est. Global-Non-Islamic 300
Funds Launch Date Type of Funds Approved Fund Size (million units)
AmDual Opportunities – Capital rotected 03 Sep 2007 Protected-Non-Islamic 300

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Why you shouldn’t listen to your Ma or Pa when investing…(part 2) Saturday, Aug 11 2007 

It has not been a good couple of weeks…the work stress has definitely eaten up 90% of my brain cells. I found myself schlepping around the KLCC carpark at least twice in as many weeks looking for my “lost” elantra. Two days ago my dopod crashed with all my important info in it…(not such a bad thing actually…I now have an excuse not to be constantly contactable J ). They told me it would take two weeks to fix! Two weeks! A business phone! (Do not buy a dopod!!) Today I found myself at a Shell station wondering what my pin was for my Shell card…6562? 6752? 6578? I gave up after numerous permutations starting with 6! Thankfully the car got me home in one piece…but will have to figure out how to get the card working tomorrow…or fork out the dosh. And you thought you had it bad didn’t you??!!

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Why you shouldn’t listen to your Ma or Pa when investing… Wednesday, Jun 13 2007 

The following are typical life lessons that we are often taught by our parents while growing up.  (List paraphrased from the Bogleheads’ Guide to Investing):

1. Don’t settle for average. Strive to be the best

2. Listen to your gut. What you feel in your gut is usually right

3. If you don’t know how to do something, ask. Talk to an expert or hire one. Saves time and frustration

4. You get what you pay for. Good help isn’t cheap and cheap help isn’t good.

5. If there’s a crisis, take action! Do something to fix it.

6. History repeats itself. The best predictor of future performance is past performance.

But guess what, they really DO NOT work for investing! Quite the opposite really. More in my next post. Ta da.

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