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Masih ada sinar di balik awan kelabu..masih ada jalan di balik kekusutan..ekonomi yg teruk insyallah akan kembalik rancak

Kerjaya ini masih relevant..sampai bila2
...


Kesan krisis ekonomi tidak seburuk 1997

WALAUPUN Asia diramalkan akan mengalami kelembapan ekonomi lanjutan tahun depan kesan daripada krisis ekonomi global, namun ia tidak seburuk seperti semasa krisis kewangan Asia 1997/98.

Ketua Ahli Ekonomi Daiwa Institute of Research, Singapura, P K Basu, berkata selain permintaan domestik yang kekal kukuh dan memiliki lebihan simpanan, eksport Asia kini kurang bergantung kepada pasaran Amerika Syarikat, sebaliknya ia didorong permintaan tinggi dikalangan negara rantau ini.

Beliau berkata, hanya 11 peratus dikalangan negara Asia mengeksport ke AS, manakala 60.8 peratus dieksport ke Asia, termasuk Jepun, sementara eksport Taiwan, Indonesia dan Singapura ke negara Asia pula sebanyak 70 peratus.

"Kemerosotan permintaan AS akan menyakitkan Asia, tetapi permintaan antara Asia dapat membantu mengisi kekosongan itu .

"Selain itu, dasar konservatif diamalkan sejak sedekad lalu menyaksikan syarikat Asia memilih untuk menstruktur semula hutang dan mengukuhkan urus tadbir korporat berbanding membuat pelaburan, memberikan mereka lebihan simpanan untuk melindungi daripada impak lebih buruk," katanya katanya pada Sidang Kemuncak Pasaran Modal Malaysia Ke-13 di Kuala Lumpur, minggu lalu.

Basu berkata, Asia hari ini adalah pengimport terbesar dunia, sekali gus menafikan mitos mengatakan AS sebagai pengimport terbesar.

Katanya, import AS hari ini hanya mewakili 14.1 peratus import dunia, sementara perkongsian Asia pula meningkat kepada 20.1 peratus tahun lalu berbanding 10.5 peratus pada 1987.

Pertumbuhan import Asia, katanya adalah yang terpantas berbanding ekonomi dunia lain terutama sejak lima tahun kebelakangan, dan dijangka berterusan beberapa tahun lagi.

Pengarah Urusan DBS Bank Ltd di Singapura, David Carbon, berpendapat kemelesetan ekonomi di Asia tahun depan tidak seteruk 2000/2001 susulan krisis kewangan Asia yang lalu.

Asia, katanya baru saja melepasi krisis kewangan lalu yang menyaksikan permintaan domestik hampir 'lumpuh', kini menyaksikan peningkatan permintaan yang berkembang pesat.

"Asia terakhir akan diheret ke dalam kegawatan ekonomi dan yang pertama akan keluar," katanya.

Ekonomi Asia diramalkan lebih perlahan tahun depan dengan pertumbuhan sederhana 3.2 peratus berbanding lima peratus tahun ini.

Ditanya negara Asia manakah paling terdedah, beliau berkata mereka ialah negara kecil dengan permintaan domestik terhad dan tinggi orientasi eksportnya seperti Singapura dan Hong Kong, peminjam yen seperti Korea dan India, dan sekiranya kejutan berlaku menyaksikan ekonomi China bermasalah, akan membabitkan Asia Utara, Korea Taiwan

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One good article i copy and paste dpd Berita Harian Onlie...sebagai panduan berguna kepda UTC dan pelabur yg tak tahu apa itu Bond Fund

Asas pelaburan dalam bon, risiko lazim


MUNGKIN ramai yang pernah membeli bon yang ditawarkan firma pengurusan saham amanah, namun mungkin ramai juga tidak tahu apa sebenarnya bon dan bagaimana ia memberi kesan ke atas portfolio pelaburan anda.

Apa itu bon?

Bon adalah akujanji hutang diterbitkan badan kerajaan atau syarikat. Dengan melabur dalam bon, anda sebenarnya berperanan sebagai pemberi pinjaman manakala badan kerajaan atau syarikat yang menerbitkan bon adalah peminjam.

Sebagai balasan, penerbitnya akan membayar faedah tetap (dikenali sebagai kadar kupon) bagi sepanjang tempoh pinjaman dan memulangkan jumlah pokok yang dipinjam apabila ia matang.

Contoh bon ialah Bon Simpanan Merdeka 2008 diterbitkan Bank Negara Malaysia untuk warga emas.

Di Malaysia, ada dua jenis bon iaitu bon kerajaan dan bon korporat. Bagi bon kerajaan, penerbitnya ialah kerajaan, Bank Negara Malaysia dan institusi separuh kerajaan.

Bon korporat dan sekuriti bersandarkan aset pula diterbitkan Cagamas Bhd, institusi kewangan dan syarikat bukan kewangan.

Pelabur utama bon di Malaysia ialah Kumpulan Wang Simpanan Pekerja (KWSP), dana pencen, syarikat insurans dan institusi kewangan lain.

Harga bon dipengaruhi pelbagai faktor, dan antara yang paling penting ialah kadar faedah, inflasi, tarikh matang dan kualiti kredit.

Kadar Faedah

Bon mudah dipengaruhi turun naik kadar faedah. Jika kadar faedah naik ke paras lebih tinggi berbanding kadar kupon bon, maka harga bon akan turun ke paras lebih rendah berbanding nilai pokoknya.

Inflasi
Dalam keadaan ekonomi berkembang pesat, inflasi lazimnya turut naik. Kenaikan ini lambat laun akan menyebabkan kenaikan kadar faedah dan menyebabkan nilai bon jatuh.

Tempoh Matang

Berikutan bon adalah instrumen yang mudah dipengaruhi turun naik inflasi, bon jangka panjang selalunya berdepan ketidakpastian lebih ketara berbanding bon jangka pendek.

Kualiti Kredit
Sudah menjadi lumrah bahawa hutang perlu dibayar. Justeru kredibiliti dan kualiti kredit penerbit bon adalah penting dalam menentukan harga bon kerana ia dapat membantu pelabur membuat keputusan berkaitan pembelian bon.

Pulangan daripada bon korporat selalunya lebih tinggi berbanding bon kerajaan disebabkan risikonya yang lebih tinggi.

Kenapa labur dalam bon?

Pelaburan bon menawarkan alternatif kepada pelabur dalam mempelbagaikan portfolio pelaburan kerana bon membabitkan risiko rendah berbanding saham.

Berikutan bon menawarkan pulangan dalam bentuk faedah tetap secara berkala dan pembayaran balik jumlah pokok apabila sampai tarikh matangnya, ia adalah instrumen sesuai jika matlamat pelaburan ialah mengekalkan wang pokok dan mendapatkan pulangan konsisten.

Bergantung kepada tempoh masa pelaburan, bon yang boleh dipertimbangkan merangkumi bon jangka pendek, jangka sederhana dan jangka panjang.

Namun, dalam membuat pilihan, anda perlu memahami faktor yang mempengaruhi harga bon yang mahu dibeli. Bagaimanapun pembabitan pelabur runcit dalam bon lazimnya terhad kepada pelaburan dalam dana bon yang ditawarkan melalui unit amanah.

Dana bon adalah kombinasi beberapa jenis bon berbeza, maka risikonya adalah lebih rendah berbanding pelaburan dalam satu bon saja.

Anda juga perlu mendapatkan maklumat secukupnya syarikat pengurusan dana terbabit seperti rekod prestasi dan pengalaman mereka.

Pastikan juga pendekatan pelaburan mereka bersesuaian dengan profil risiko dan matlamat pelaburan anda. Edited by PeR_Waris

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QUOTE(my'z purple @ Dec 16 2008, 09:06 AM) <{POST_SNAPBACK}>
org2 unit trust ni sume2 nye komitmen pd kerja ke?
atau ade 'sesetengah org buat x lyn'?

hm..plg penting jujur..
tp susah nk cari org jujur skang ni.. mad.gif


~sape2 agen mlk..blh pm sy rolleyes.gif ~


Saya dh post form to u...u tak dpt lagi ker blink.gif ph34r.gif sad.gif

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dari artikel kat atas, die cakap ekonomi tahun depan masih tak rancak... ape kesan kepada unit trust?? adakah turut tak rancak??? adakah ASB lebih baik memandangkan ASB return die dijamin???

thanx in advance kepada sesapa yg sudi menghuraikan.. laugh.gif

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QUOTE(Ahmad2007 @ Dec 16 2008, 12:28 PM) <{POST_SNAPBACK}>
dari artikel kat atas, die cakap ekonomi tahun depan masih tak rancak... ape kesan kepada unit trust?? adakah turut tak rancak??? adakah ASB lebih baik memandangkan ASB return die dijamin???

thanx in advance kepada sesapa yg sudi menghuraikan.. laugh.gif


prestasi unit trust funds juga di ramalkan tidak menentu kerana asset allocation dan stock portfolionya yg berlandaskan prestasi prestasi pasaran saham semasa. Cuma kadar berapa ke "tak rancak" kannya varies..based on market movement semasa. Utk pelabur baru, ambil la peluang ini dgn membeli units dalm funds yg ada kerana ke "tak rancak" kan pasaran ketika ini akan membolehkan pelabur menikmati pelaburan permulaan dgn harga yg murah

Ur judgement between ASB and Unit Trust is fundamentally wrong.. ASB is always good investment vehicles kerana ia bersifat low risk, dividendnya di jamin kerajaan. But in this case, u kena make comparison between Apple and apple..not apple orange

Unit Trust should be compare with its respective benchmark such PIEF vs Bursa Malaysia Syariah Emas Index, Pittikal Vs KLCI Index PIDF vs FBM Emas Index while ASB should compare with ASW, EPF etc. etc.

Hope u understand
blush.gif

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It seems that fear and votality appear has peak. KLCI Index now strongly built base in the current level at 850 points. Although the incoming year 2009 has been predicted that economy shall be slower down, i look that it is a recovery period instead before we shall see a next bull market from June 2009 onwards.

I take this article from fundsupermart.com..there are 5 reasons, but i just take 3 becoz the other 2 i tak faham blush.gif

Utk sesapa yg berminat nak jadi consultant atau melabur, now is the best time to start...



No.1 Almost all bad news has out.

In an endless state of nausea, the bear has been regurgitating bad news for months on end. We have seen the bursting of the subprime bubble, the failure of Bear Stearns, high inflation, the failure of Lehman Brothers, the near collapse of AIG, the collapsing of commodity prices and now, slowing economic data from all around the world.

Instead of wallowing in misery in the wake of all these events, a more optimistic implication has arisen: The shocking nature of the events in 2008 has left the market jaded, and further bad news is unlikely to rival the severity of the historic events we have seen so far. With unprecedented levels of government intervention, the credit crisis is now playing out in the form of a global slowdown. Poor economic data will be reported in subsequent months to come, but knowledge of a slowdown is old news, and should have been discounted by the equity market already

No.2 Current decline in equity market has far away surpassed the historical falls.

This 52.7% decline is historically the worst decline since 1942, even surpassing the 48.2% fall during the oil crisis of 1973 and the 49.1% decline after the technology-led stock market bubble finally burst in 2000 (See Table 1). If history is anything to go by, we are surely near a market bottom given the extent of decline seen so far.


No 3 Huge amount of money at the side lines.

Many investors are peculiar in the sense that they have most of their money in equities when markets are near tops but have little exposure when markets are at their lows. With the S&P 500 having declined substantially in 2008, there is currently a huge amount of money waiting on the sidelines. US Money Market Funds assets recently increased to US$3.7 trillion (as at 26 November 2008), which is 35% of the total US market capitalisation.


Investors have been fleeing to safer assets in 2008. The near-zero yields on 3-month US Treasuries serve as further evidence for a flight-to-safety and heightened risk-aversion. The fact that short-term money market instruments make up 35% of the total US equity capitalisation clearly indicates that there is sufficient fuel for the next asset bubble. A shift into equities is a likely possibility, which may result in a substantial rally in stocks going forward.
Cash on the sidelines is always hungry for better returns, and it will only be a matter of time before it shifts into traditional higher-risk instruments like corporate bonds and equity. Edited by PeR_Waris

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QUOTE(class_sick @ Dec 17 2008, 08:21 PM) <{POST_SNAPBACK}>
trust unit nie apa?
sama mcm asb ker?
masuk duit awal thn,awal thn depan dpt dividen.
mcm tu ker?

minta maaf la.
ku kurang arif psl bab2 ekonomi nie happy.gif


Lebih kurang cam ASB but ada perbezaan dr segi risiko, asset allocation (kat mana dia melabur), harga unit dan jaminan pulangan

ASB
Low risk.
invest kat government, corporate bond and money market instrument, jaminan pulangan guaranteed. Harga unit fixed on RM 1

Unit Trust
Ranging from High - moderate risk.
invest kat diversified portfolios iaitu dr spt ASB di atas hingga la ke stock market yg listed di stock index, jaminan pulangan tak guaranteed.
harga unit berubah2 mengikut pasaran semasa.

Baru2 nie, ASB declare 8.75% dividend (distribution + bonus). Tue ajer sumber keuntungannya.

Unit Trust pula, sumber keuntungannya based on formula berikut:-
Return di Unit Trust = Capital Gain (harga unit naik) + Distribution Income

Kalau u nak try invest, very good u start now sbb harga unit murah. Call/sms saya kalau u wish to listen more. maybe bole make appointment
.

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CAMPAIGN 2009 FOR UNIT TRUST CONSULTANT PUBLIC MUTUAL

Special Incentive trip yang telah dipilih for successfull Unit trust Consultant in year 2009...

1. Bali , Indonesia ;accumulated sales rm900k to rm1.49m

2. Korea ; accumulated sales rm1.5m to rm2.87m

3. Dubai ; accumlated sales rm2.87 n above..


Utk achieve accumulated sales,it is not difficult provided u all workhard, consistent in buat sales, put value added in financial services dan berdoa selalu


Lets joint me..next year shall be very exciting becoz although economic is slow, it is heading to recovery..Unit trust funds akan slowly meningkat naik semula as therefore, chances investor to secure cheap price is open, this is the best time to start... cool.gif


p/s: myz'purple...my invitation to you is still open... blush.gif
Edited by PeR_Waris

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Kepada mereka yg berminat nak jadi UNit Trust Consultant tp masih ragu2 ttg prospect success anda..Tahun 2009 shall be a very interesting year becoz people shall look forward the rock bottom before they invest..There are great oppurtinities to earn extra income next year. rolleyes.gif

KUALA LUMPUR 23 Dis. - Para pengurus dana global berkeyakinan pasaran ekuiti masih berpotensi untuk mencatat peningkatan dalam suku keempat 2008, demikian menurut tinjauan HSBC Bank.

Pengurus Besar Perkhidmatan Kakitangan dan Kewangan HSBC Bank Malaysia Bhd. (HSBC), Lim Eng Seong berkata, kebanyakan pengurus dana berpendapat pembangunan keseluruhan pasaran meningkat walaupun terdapat kebimbangan terhadap kemelesetan ekonomi dunia.

''Pendapat ini adalah konsisten dengan pandangan kebanyakan penyedia dana tempatan.

''Meskipun berhati-hati dalam pasaran tetapi mereka masih positif tentang ekuiti AS dan juga secara berpilih-pilih dalam negara-negara baru muncul serta Asia Pasifik (tidak termasuk Jepun),'' tambahnya.

Kaji selidik suku tahun HSBC, menganalisis 13 agensi pengurusan dana utama dunia, dana di bawah pengurusan (FUM), pandangan peruntukan aset dan aliran wang global mereka.

Pada akhir suku ketiga, syarikat-syarikat dana dalam tinjauan itu melaporkan agregat FUM berjumlah AS$3.84 trilion (RM13.05 trilion) mewakili kira-kira 17.45 peratus daripada jumlah FUM sejagat.

Tinjauan itu menunjukkan pada suku ketiga tahun ini, jumlah bersih dana keluar mencecah AS$462 bilion (RM1.57 trilion), jatuh sebanyak 10.74 peratus daripada FUM berbanding suku kedua.

Aliran keluar itu disokong oleh pengeluaran bersih sebanyak AS$302 bilion (RM1.02 trilion) daripada dana ekuiti.

Eng Seong berkata, kebimbangan kelembapan ekonomi global mengurangkan prestasi bagi pasaran ekuiti dan bon.

Bagi ekuiti di pasaran baru muncul khususnya, para pelabur bimbang kemelesetan global di pasaran membangun akan mengundang risiko kepada parasan baru muncul. Edited by PeR_Waris

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Model prospect income dan career advancement kalau Any UTC work hard dlm biz nie..insyallah kalau work hard, don't give up dan KONSISTENT...mampu reach financial freedom within 5 years ajer

check it out...sesapa yg beminat nak join me in Public Mutual..call me yeah


1/3..Unit Trust Consultant to Mutual Fund Agency Supervisor



Please exclude Bonus!!

2/3 ...Mutual Fund Agency Supervisor to Mutual Fund Agency Manager .



Please exclude Bonus!!

3/3..Mutual Fund Agency Manager..Career path and prospect income towards MUtual Fund Group Agency Manager (MFGAM)



This is prospect income yg bakal di nikmati oleh bakal2 UTC sekiranya mereka work hard, don't give up dan CONSISTENT

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Aku copy paste dpd Berita Harian Online..



Kedudukan KLCI this morning



Prospek 2009: Ekonomi Malaysia berdaya tahan hadapi cabaran 2009



Langkah dilaksana kerajaan mampu bawa negara susuri kemelesetan

MALAYSIA mempunyai asas kukuh yang boleh menjadikan ekonominya berdaya tahan untuk meredah 2009, tahun yang akan mencerminkan kesan sebenar ledakan krisis kewangan global.

Penganalisis berkata, langkah ekonomi yang sedang dilaksanakan kerajaan dijangka mampu membawa negara ini menyusuri kemelesetan ekonomi dunia yang bermula di Amerika Syarikat (AS) akibat kegagalan pengurusan kewangannya.

Malah sebelum krisis itu lagi, negara melalui tahun sukar setelah kerajaan perlu berdepan dengan isu harga minyak mentah yang melonjak sehingga mencecah AS$147 setong pada Julai.

Tidak cukup dengan isu berkenaan, krisis kewangan subprima AS pula mula menunjukkan kesan selepas pembentangan Bajet 2009 pada 29 Ogos, setelah kesan buruknya merebak di seluruh dunia.

Sebagai reaksi dasar kepada krisis kewangan dunia itu, kerajaan mengumumkan pakej rangsangan RM7 bilion bagi memastikan ekonomi negara terus mencatatkan pertumbuhan.

Dasar, kawal selia serta langkah berhemat yang diamalkan oleh Bank Negara Malaysia serta agensi yang berkaitan seperti Suruhanjaya Sekuriti juga telah menjadikan sistem kewangan negara stabil.

Tidak seperti krisis kewangan Asia 1997/98 dulu, pasaran kewangan dan hartanah Malaysia tidak dibelenggu petanda 'gelembung spekulatif' atau situasi yang mana perkembangannya terlalu pantas sebelum sampai ke satu tahap ia kembali merudum.

Selain itu, Malaysia tidak terdedah kepada penularan produk kewangan inovatif yang kompleks dan tidak dikawal, yang menjadi antara punca utama krisis subprima dan kewangan di peringkat antarabangsa.

Tambahan pula, penganalisis itu berkata kurang lima peratus daripada aset Malaysia terdedah kepada ekonomi AS.

Malaysia juga tidak terdedah kepada produk kewangan inovatif yang 'kompleks dan tidak boleh dikawal' yang akhirnya menjadi penyebab utama krisis subprima AS.

Sementara itu, sebahagian aset pasaran modal di Malaysia adalah berteraskan prinsip syariah yang mengamalkan tahap hutang dan pengurusan kewangan yang berhemat.

Jumlah tabungan negara juga berada pada paras yang tinggi iaitu sebanyak 37 peratus daripada Keluaran Dalam Negara Kasar (KDNK), mencerminkan negara mempunyai lebihan mudah tunai yang boleh digunakan untuk menjana aktiviti ekonomi.

Sektor perbankan kekal kukuh dengan paras pinjaman tidak berbayar (NPL) yang rendah pada 2.5 peratus dan nisbah modal wajaran risiko (RWCR) pada 13.2 peratus, yang adalah lebih daripada paras lapan peratus daripada keperluan antarabangsa.

Bagaimanapun, Malaysia tidak terkecuali daripada berdepan tempoh mencabar sekarang ini yang mana Bajet 2009 telah menyatakan bahawa pertumbuhan yang perlahan bagi 2009.

Berikutan itu, seperti banyak negara termasuk di Asia, kerajaan mengkaji semula unjuran KDNK pada 2009 kepada 3.5 peratus, satu tahap yang dikatakan memuaskan, dengan kerajaan yakin mencapai lima peratus tahun ini.

Dalam situasi penurunan harga kebanyakan komoditi pada pertengahan 2008 berikutan kekurangan permintaan global, kerajaan menyedari bahawa potensi pendapatan Persekutuan akan berkurangan manakala pada masa yang sama perlu terus berbelanja untuk pembangunan negara.

Defisit fiskal untuk tahun depan diunjurkan pada 4.8 peratus, paras yang sama tahun ini.

Pada peringkat ini, kerajaan akan mengamalkan dasar pengembangan, seperti mana juga yang diamalkan negara lain pada masa kini.

Dalam Bajet 2009 yang telah dibentangkan, kerajaan mempunyai fleksibiliti untuk melaksanakan projek tambahan berimpak tinggi berikutan penjimatan subsidi minyak.

Bagaimanapun tiada perubahan dalam jumlah yang dibelanjakan dalam Bajet 2009.

Kerajaan memperuntukkan RM207.9 bilion untuk Bajet 2009, yang mana RM154.2 bilion adalah untuk perbelanjaan mengurus dan RM53.7 bilion bagi perbelanjaan pembangunan.

Dengan langkah fiskal berhemat, kerajaan akan menyemak semula projek dengan tujuan untuk memberi keutamaan kepada projek yang boleh dilaksanakan segera serta mempunyai kesan pengganda yang tinggi dan kandungan import yang rendah.

Penjimatan RM7 bilion ringgit daripada subsidi minyak akan disalurkan dan akan memberikan kesan positif antara lain dalam sektor pembinaan, perumahan, pengangkutan, pelaburan, latihan dan teknologi maklumat.

Bagi inflasi, kerajaan mengunjurkan parasnya akan berada pada jajaran antara tiga hingga empat peratus untuk tahun depan, tertakluk kepada aliran menurun berterusan dalam harga minyak mentah dunia.

Dalam usaha menangani kenaikan inflasi, Bank Negara Malaysia menurunkan Kadar Dasar Semalaman (OPR) 0.25 peratus kepada 3.25 peratus pada November.

Bagi harga minyak sawit mentah (MSM) pula, kerajaan bekerjasama dengan Indonesia bagi menstabilkan harga pada paras RM2,000 hingga RM2,600 setan.

Antara langkah lain ialah mengurangkan bekalan melalui program penanaman semula manakala usaha menggalakkan penggunaan biodiesel daripada minyak sawit bagi meningkatkan permintaan.

Harga MSM turun hampir 60 peratus daripada paras tertinggi RM4,486 setan pada Mac selepas krisis ekonomi global menjejaskan pasaran komoditi.

Sementara itu, bagi merangsang aktiviti pasaran modal, kerajaan pada 20 Oktober, mengumumkan penambahan dana Valuecap sebanyak RM5 bilion untuk pembelian ekuiti syarikat yang mempunyai asas yang kukuh tetapi nilai pasaran mereka kini terjejas berikutan kesan pergolakan pasaran ekuiti global.

Portfolio Valuecap berkembang daripada RM5 bilion kepada RM8 bilion sekarang ini.

Dalam usaha menarik Pelaburan Langsung Asing (FDI), kerajaan pada 14 November mengumumkan langkah persediaan dalam menghadapi kemungkinan kesan kelembapan ekonomi global terhadap sektor perdagangan dan perindustrian negara termasuk lesen pengilangan akan dikeluarkan secara automatik berkuat kuasa 1 Disember.

Turut disenaraikan dalam langkah yang dinanti-nanti bagi merangsang dan memudahkan pelaburan ketika wujudnya kebimbangan terhadap ketidaktentuan ekonomi dunia ialah pengecualian sepenuhnya duti import terhadap bahan mentah dan barangan perantara yang digunakan untuk kegiatan pengilangan domestik.

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Advantage to holding syariah vs conventional equity funds, or vice versa


In today's current market volatility , an investor will potentially reap better returns by investing in a syariah portfolio.

Syariah compliant investing has several advantages over conventional investing. A syariah portfolio is generally more defensive and in a good position to potentially outperform conventional portfolios.

Syariah Portfolios do not invest in troubled banking and financial sectors, and investors will gain from exposure to halal sectors such as energy, resources, consumer services, telecommunications and technology.

Furthermore, syariah compliant investing has low leverage and is more resilent by virtue of the fact that syaiah stocks are further screened by three financial ratios; namely;-

1. Debt is not more than 30% of market capitalisation

2. Accounts receivable are not more than 45% of total assets

3. The ratio of cash and interest bearing securities to market capitalisation is not more than 30%


This methodology, which is practised by the Dow Jones Islamic Index, does not exist in a conventional portfolio

Syariah Compliant Equities Are Better than Conventional...Even non muslim more preferred on the islamic funds. smile.gif

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Dear guest of my thread and UTC's friends

Based on previous history, the percentage drop at 46.7% has overpassed the recent drop of 45.4% dropped in 2000.

But, if the current market crash is quite similar to 1998 crash (79.4% dropped, KLCI lowest 262 points), then we may have to wait until KLCI touches about the 300 point level before we can see any real recoery.

Hence, we may have to wait until another nine months or until September 2009 (assuming the same duration of 18 months)

I do not think this 2008 crash is similar as our current economic situation like central bank reserves, the health of the banking sector as well as economic fundamentals are much better compared to 1998. Our market will try to absorb all the negative news and the government will cushion the impact and work towards soft landing.

There are a lot of quality funds in Public Mutual which now are sell at attractive NAV price. Any additional buying will benefit as it will average down the cost of breakeven. This is a great oppurtinity for anybody who want to start invest in Unit Trust now.

Until then, All UTC please advise all your fundholder be patient and remain target of seeing return from medium to long term.

Thanks
Edited by PeR_Waris

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Nie, saya copy & paste dpd post edypublicmutual of univestgroup, forum cari.com utk readers di putera.com nie...

Ini juga akan menjadi panduan yg berguna utk unit trust consultants..conclusion in general is:-
(1) Investing in local market fund is better than overseas fund
(2) Lossess in Unit Trust funds were occured everywhere in the world, not becoz it is not is not good but
becoz of the external factor (global economic uncertainties)
(3) rebalancing is important..depend on the market condition

Setiap kali di bincangkan dlm sok khabar...pasti same basic concept di stressed kan iaitu invest from medium to long term..sayang ramai pelabur yg tak faham...stupid.

Those yg invest during KLCi 800 points, please remind UT agents anda to watchout when KLCI reach 1000 points
..


05-01-2009: Unit trust still a good bet for the long term

KUALA LUMPUR: The past 12 months has seen the erosion of wealth in virtually every type of non-fixed income investment, and unit trust funds have not been spared. Despite offering a modicum of security compared to traditional equities owing to its large pool of investors and its diverse portfolio of investments, trust funds have nonetheless declined alongside market indices, albeit at a slower rate.

According to data from the Securities Commission, the total net asset value (NAV) in Malaysia dropped by more than 20% to RM135.87 billion in November from RM170.1 billion in January. There is, however, an anomaly within the figure, namely the decline in the NAV of Islamic-based funds. Unlike conventional funds¡¯ NAV, which plunged 22% to RM119.77 billion in November from RM153.7 billion in January, Islamic funds declined only 2% to RM16.11 billion from RM16.4 billion. A fund manager noted that this could be due to the fact that Islamic funds were not traded intensively and tended to lag behind the movement of conventional funds.



Case in point is the fact that the total NAV of Islamic funds only peaked in June with an NAV of RM17.98 billion, up 10% from January before starting its downwards slide. By that time, conventional funds¡¯ NAV had already started to shed value since its peak in January.

On the whole, September figure also marked the first time that the total NAV failed to show positive year-on-year growth in at least four years. Subsequently, total NAV for September shrank 4% compared to the same month in 2007.



According to Eric Wong, Hong Kong head of research for global fund analyst Thomson Reuters Lipper, the last 12 months has seen unprecedented movements in the fund industry for both Malaysia and the region.

The year-to-date (January to November) average loss of all funds registered for sale in Malaysia is the largest (-23.10%) since its average loss for the entire year in 1997(-43.30%), Wong said in an email reply to The Edge Financial Daily. He added that a similar trend had been occurring in other major regional markets such as Thailand, Hong Kong, Taiwan, Singapore and China.

The silver lining for Malaysian investors, however, is that the Malaysian fund industry has incurred significantly smaller losses then that of most other Asian countries. This finding is not surprising as the Kuala Lumpur Stock Exchange has outperformed other countries in the region. Wong believed there were other considerations as well.

This may probably be attributed to the capital control imposed by the Malaysian government, rendering foreign investors less interested to invest in Malaysian equities and bonds,¡± Wong said.

Their relative low participation reduces the volatility of Malaysian equities and bonds. This, coupled with the majority of funds that are registered for sale in Malaysia, are invested in Malaysian equities and bonds, limits the average loss of Malaysian funds in comparison to those in other Asian countries.Responding to reports that a majority of equity funds in Malaysia had increased their portfolio allocation to cash or other liquid securities in Malaysia as a precaution against a continued slump in the market, Wong said some funds made the switch to cash in the third quarter. However, there was no evidence that a majority of equity funds were doing so, he added.

Time to buy and what to buy?

With equities trading at historic lows, common wisdom suggests that now would be a good time to cherry pick for good stocks at cheap prices. By extension, this would mean that equity funds also would trade cheaply.

Nonetheless, Wong believed it was premature to conclude that equities were undervalued, saying it was likely that equities would continue their slide in 2009.

The values of equities are basically determined by two components: interest rate and earnings growth. Low interest rates and expectation that central banks around the globe will continue to lower interest rates will continue to support equities, he said. However, with reports showing the global economic environment is projected to deteriorate further in 2009, the downwards trend of corporate earnings growth is less likely to reverse in the coming quarters.

Such a scenario means equities will still face significant downside risk on their valuation in 2009 and, hence, investors should not at this stage park their capital in equity funds..Wong added that the same was likely true for commodity funds, which were traditionally even more volatile than equity funds. For investors who are concerned about preserving the value of their investments,

Wong advised continued investment in bond-linked and money market funds, although yields had fallen to very low levels recently. Should investors stay away from unit trusts? No, said Robert Foo, financial planner and managing director of MyFP Services Sdn Bhd.

So long as investing for the long-term is concerned, investors shouldn¡¯t concern themselves too much with the current state of the market, as markets will grow in the long term.

Unit trust funds, he added, were not opportunistic investments that would yield massive returns in the short-term. As a managed basket of investments, funds offer the benefit of professional management in exchange for more normalised returns on investments.

¡°When we talk to clients, we tell them that they have to look at it from a period of time of five years and above,¡± Foo said. ¡°

Our objective is to help our clients achieve their investment targets and this means rebalancing their portfolios depending on the condition of the market.¡± Meanwhile, markets will rise and fall in the long-term, he said. What investors have to do is to rebalance their portfolios during both the peaks and the troughs.


__________________

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Pengumuman nie adalah utk mereka yg berminat nak jadi unit trust consultant, fyi..public mutual akan launch Public Mutual Online (e-commerce website-www.publicmutualonline.com)pada 12 January ni
Service nie hanya utk fundholder ajer
..


Fundholder bole buat additional investment online
initial investment to new fund by existing fundholder
Enquiry of account balance
Downloading and viewing of e-reports a.k.a e-statements
profile maintenance (nak tukar alamat etc.)

fundholder bole minta form dpd mana2 utc yg service depa.Makin lama makin mudah kerja UTC nie..org2 yg baru join very lucky.

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Soalan-Soalan yg commonly asked by investor to Unit Trust Consultants...espescially from investors yg panic dan cuak tgk NAV mereka decreasing...

" With this financial world financial crisis, what would u advise me to do"..

My general answer would be...


Stick to your long-term investment plan..

Didn't we wish that we had put more money into equity market when KLCI was about 300 points during the Asian Financial Crisis?

In the long term, all markets go up, but we are now seeing another short term fluctuation. Expect more volatiliy as markets will be closely linked due to globalisation, but stick to your long term plan.


Don't put all your eggs into one basket

Diversify!Place sufficient money in other markets, consider alternative asset classes that are not closely correlated with the usual equity/fixed income fund. ASB is still the best one so put some into it and some into trust funds.

Do not be too affected by sensational news

There is hardly any positive news from the forum internet, CNBC, CNN...Are u sure they helped u a lot in determining the correct situation.

All those stupid news is about what has been happening in the last few days, few weeks or even just few seconds..they become history already and then speculate about the future.just a matter or prediction and assumption

So do not react to short term information and fluctuation Edited by PeR_Waris

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Friends, bakal pelabur dan bakal unit trust consultant..

This is indeed one very good article from S&P. In general, ekuity markets including unit trust funds target to set recovery starting 2nd Quarter 2009 (Bulan June) but before that, further consolidated after CNY

Market has reached bottom....now in neutral position, not underweight..

wallahhualam


Article : Markets set to rebound in the 2nd half.

This article is from The Star Online (http://thestar.com.my)
URL: http://biz.thestar.com.my/news/story...1&sec=business

PETALING JAYA: Asian markets, including Malaysia, should post healthier gains on anticipated economic recovery in the second half of this year, Standard & Poor’s (S&P) vice-president (equity research, Asia) Lorraine Tan said. But she expects markets to consolidate and range-trade perhaps after the Chinese New Year. “On the whole, we expect about 43% upside for Asian equities by end-2009,” she told StarBiz.

Tan said unfortunately the worst was not over and that risks might come from a poor forthcoming results season that might dent company expectations. “The slowest growth for Asia is expected to occur in the first quarter, which could lead to further pressure on companies’ balance sheets and cash flows,” she said.

She said S&P economists anticipated the US economy to start recovering in the second half, although full-year 2009 would still show a contraction.“Our US strategy team expects the S&P 500 to close 2009 at the 1,025 level, representing a 20% upside from the 2008 close. We believe Asian markets will see a sharper rebound,” she said.

Tan attributed the rebound mainly due to the severity of the market fall in Asia, despite having strong fundamentals, and expected the Asian financial system to remain intact.

She said while the US economy remained fragile, it should start to recover in the second half. as the subprime crisis bottomed out (which should remove the 1% drag on US growth). This will be aided by the over US$1 trillion stimulus packages combined with falling energy prices, which should benefit US consumers by over US$200mil. She said the rebound was under the assumption that the November market low was indeed the bottom for the US market.

In the near term, Tan said default rates might rise in Asia, possibly a result of cyclical downturn as opposed to the US and parts of Europe where default rates were a direct result of the credit crisis. She believed Asian banks and corporations needed limited restructuring, which should hasten the economic recovery process.

On the recent market rally, she said: “We believe the recent rally in the equity markets was warranted with many issues having fallen below reasonable fundamental levels due largely to deleveraging and redemptions by global investors.

“At current price levels, we believe values are more reflective of the economic climate and, given continued earnings uncertainty for some companies, we feel the downside risk for some may have risen.”

Overall, Tan expected a better year with equity markets generally ahead six months in advance of an actual economic recovery.

But Schroders (Malaysia) head of retail distribution Josephine Lip has a more conservative outlook on the recovery of the equity markets.

“We expect a modest recovery in 2010 despite the world’s governments and central banks’ efforts to breathe life into the ailing global economies,” she said.

So far, she said, actions taken by the monetary authorities, including significant interest rate cuts and huge injections of capital, had little material effect.

“But the efforts will pay dividends in time and, with inflation under control, and lower commodity prices, real incomes should receive a boost,” Lip said, adding that tax cuts could also provide additional income for households.

Lip said Schroders remained cautious given that monetary policy was still struggling for traction, thus limiting earnings visibility, presenting a hurdle for recovery in equities and risk assets in general.

“However, there is undoubtedly significant values to be found in equity markets, so we have moved to a ‘neutral’ position (from ‘underweight’), in the belief policy action should support markets in the months ahead,” she said.

Against this backdrop, Lip said Schroders was “positive” on bonds (against “neutral” for equities and cash), with a preference for investment grade, high yield and inflation-linked over conventional government bonds.

“Investment grade and high-yield valuations are looking attractive given that spreads are at historically wide levels and given reasons for thinking credit may lead in the current cycle with a recovery in credit markets a pre-requisite for a recovery in equities,” Lip noted.

She said although there was the risk of spreads widening further, Schroders believed the market had discounted most of the bad news.

Lip also said president-elect Barack Obama’s fiscal package, combined with ongoing efforts of central banks to boost growth, should provide scope for positive surprises.“This is especially so given investors’ sentiment was already at extremely depressed levels, with the US market discounting a fall in earnings of 25% to 30% based on our estimates,” she said.

On Asian markets, Lip said the region did not face the same financial risks as the West as it had undergone its own deleveraging process after the Asian financial crisis. “When risk appetites return, Asia should recover more quickly than the West due to its well-capitalised banking system and limited leverage problems,” she said.

Schroders recognised there was significant value to be unlocked in equities and that sentiment and economic outlook was currently very poor, she said, adding that it believed the unprecedented policy response from central banks and governments should eventually take effect and support markets in the months ahead.

“We are cognisant that any improvement in the performance of risk assets could turn out to be a bear market rally, so we remain vigilant should sentiment take a renewed turn for the worse.”
__________________

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Propose Asset Allocation..

Attention to bakal pelabur.. Diversified..Diversified..Common wisdom which represent safe approach to generate return of investment..espescially during financial turmoil today

Attention to bakal UTC juga...this is a better strategy to generate consistent dan preserve return of investment
.


Time Horizon 3-5 Years

Conservative
Money Market 50%
Bond 30%
Equit 20%
Rate of Return: 5.6%

Moderate
Money Market 30%
Bond 30%
Equit 40%
Rate of Return: 6.6%

Agressive
Money Market 20%
Bond 20%
Equit 60%
Rate of Return: 7.4%

Assuming annualized return of MM = 4%, Bond = 6% & Equity = 9%

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