Ringgit cost averaging is an investment method intended to reduce exposure to risk associated with making a single large purchase. The technique works by investing a FIXED AMOUNT on a particular investment at regular intervals (e.g monthly or quarterly) REGARDLESS OF A UNIT PRICE, whereby more units are purchased when prices are low and fewer units are purchased when prices are high.
Example : You want to save RM12,000 each year for your child's education fund by investing RM1,000 into a unit trust fund each month. In the period of one year there will be price volatility (high and low) but believe it, the power of RINGGIT COST AVERAGING has made your NUMBER OF UNITS PURCHASED normally high enough to cover and increase your investment at the end of the period.
Saturday, February 13, 2010
Tuesday, February 2, 2010
Public Mutual declares distributions for 5 funds
Public Bank’s wholly-owned subsidiary, Public Mutual, declared distributions for five of its funds. The total gross distributions declared for the financial year / period ended 31 January 2010 are as follows:
Fund Gross Distribution / Unit
Public Index Fund 5.00 sen per unit
Public Far-East Property & Resorts Fund 0.50 sen per unit
Public Islamic Optimal Growth Fund 0.50 sen per unit
Public Enhanced Bond Fund 2.00 sen per unit
Public Money Market Fund 2.50 sen per unit
Public Mutual Chief Executive Officer Ms. Yeoh Kim Hong said Public Index Fund and Public Far-East Property & Resorts Fund have generated one-year returns of 45.43% and 92.41% respectively for the period ended 8 January 2010, according to The Edge-Lipper Fund Table dated 18 January 2010. While Public Islamic Optimal Growth Fund, which is a EPF approved fund has generated a one-year return of 35.38% for the same period.
As for Public Enhanced Bond Fund, it has generated a one-year return of 10.99% for the period ended 8 January 2010. Public Money Market Fund, on the other hand, has generated a one-year return of 2.14% for the period ended 8 January 2010.
Public Mutual is Malaysia’s largest private unit trust company with 73 funds under management. It has over 2,000,000 accountholders and as at 31 December 2009, the total net asset value of the funds managed by the company was RM35.6 billion
Fund Gross Distribution / Unit
Public Index Fund 5.00 sen per unit
Public Far-East Property & Resorts Fund 0.50 sen per unit
Public Islamic Optimal Growth Fund 0.50 sen per unit
Public Enhanced Bond Fund 2.00 sen per unit
Public Money Market Fund 2.50 sen per unit
Public Mutual Chief Executive Officer Ms. Yeoh Kim Hong said Public Index Fund and Public Far-East Property & Resorts Fund have generated one-year returns of 45.43% and 92.41% respectively for the period ended 8 January 2010, according to The Edge-Lipper Fund Table dated 18 January 2010. While Public Islamic Optimal Growth Fund, which is a EPF approved fund has generated a one-year return of 35.38% for the same period.
As for Public Enhanced Bond Fund, it has generated a one-year return of 10.99% for the period ended 8 January 2010. Public Money Market Fund, on the other hand, has generated a one-year return of 2.14% for the period ended 8 January 2010.
Public Mutual is Malaysia’s largest private unit trust company with 73 funds under management. It has over 2,000,000 accountholders and as at 31 December 2009, the total net asset value of the funds managed by the company was RM35.6 billion
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