check it out here


check it out here
13 June 2011
"The positive thinker
sees the invisible,
feels the intangible,
and achieves the impossible."
~Author Unknown~
PMB Updates
Additional info :
1. SAMPro training – highly recommended for recruitment activities.
2. UTC recruitment form – the Statutory Declaration has additional
form to fill up (for commissioner oath)
3. UTC registered in year 2010 – required to resubmit SD by month
Funds closed so far…
Funds dah lama closed :
• Public Capital protected
• Public Islamic Opportunities
• Public Islamic Bond
• Public Islamic Select Sector
• Public Bond
• Public Equity
• Public Small Cap
New Funds launched (non-syariah)
To order by 22 june 2011 – fill up form
and payment instruction.
2nd Reminder of new Switching ruling
wef 1 July 2011.
Do also note that wef 1 July new
repurchase and new switching forms are
to be used. Forms available at all PMB
Awards to date
• Total 176 major industry awards including 51 in Islamic UT
fund sector (most awarded UT Fund Manager in Malaysia)
@ 6th Amanie-Failaka Symposium (Abu Dhabi 17 April
2011) – Failaka Islamic Fund Awards PMB won :
4 awards in
Best msian equity 1yr PISSF
Best msian equity 10yrs PITTIKAL
Best Msian Sukuk 1 yr PB Islamic Bond Fund
Best Msian Sukuk 5 years Public Islamic Bond Fund
Market Share
• Total 44.8% as at 31 March 2011
• Source Lipper Fund Table, The Edge, April 18, 2011
public mutual
cimb group
public mutual
cimb group
hong leong asset mgmt
pacific mutual
prudential fund mgmt
maakl mutual
rhb investment
Upcoming seminar – if interested to
attend at cheras. Pls rsvp seat and make
Investment Talk - summary
Summary from Investment Talk by PMB Fund Managers :
Last 6 months : Developed market outperformed emerging aconomies.
Next 6 months, expect the opposite
Economic Outlook Malaysia
- +ve (high savings, sound fiscal policy, high disposable income) ...-ve due to debt ratio
52.3% (high vs other SEA economies)
- in a rising interest rate scenario - FD bank 3.15% but matches by inflation of 3.5% --->
negative real return of -0.35%
-good to move to stocks - div yield 3.8% + capital appreciation (stocks good hegde
against inflation)
Economic Outlook US, Japan, Europe
- generally more -ve due to high debt levels 94% US, Europe 70%
- Europe debt crisis still unresolved, bond holders refuse accept cuts in repayment.
- risk is that US and Europe borrow from outside, Japan although high budget deficit
borrow from its public sector
- possibly end of QE2 in USA may result in stable US Dollars (from more weakening)
and lower commodity prices and lower inflation globally.
- federal reserve (US central bank) still in easing mode @ 0.25% fed funds rate
- outlook economy seems stabilising after a period of tightening monetary policy, maybe
another 100 basis points rise to 7%.
- year 2010 underperform due to tightening policy (curb credit growth & property prices
- many Public mutual China funds underperformed @ 2010 also due to funds buying
China stocks listed on Hang Seng (HK) which are denominated in HK Dollars and
pegged to US Dollars. SO when translate to Ringgit --> exchange loss (paper loss)
- outlook 4 to 5 years : China have 12 yrs plan; last plan focus on private consumption.
Near term stocks expect to range trade until property and inflation normalise and Interest
rates allowed to stabilise.
(Inflation = excess fat/lemak so kena makan interest rates (pill kurus))
- expect next year, when Europe and maybe US start naik interest rates, money will flow
back to asia (and china)
Interest rate picture
- asia economies (incl China) have moved up interest rates since past 2 years
- Europe expected to start soon
-US when ?
Outlook Stocka Malaysia
- strong Ringgit
- Stabilisation of global financial crisis
- high div yield 3.8% vs FD 3.15% (12 months)
June 2011
Congratulations !
Our new Agency Supervisors – Habibah & Roszaimi
Sharing “is Caring ”
1. Farah – HALFest @ October 2011 so far 20 UTC has confirmed and
paid. Opening 5 seats to associated groups.
2. Jas – “my plan” pelan malaysia ke-10 like a house
bumbung – “rakyat didahulukan, pencapaian diutamakan”
dinding – govt’s ETP and GTP programs (transformation plans)
lantai – “myplan” for better kualiti hidup
tangga – dasar keadilan sosial & budaya cemerlang
3. Jas – remind to submit tax forms (business income) deadline 30
June 2011
4. Tips mudah berbisnes and murah rezeki by Cikgu Huzairi –
amalkan Seribu Dinar 7 x paagi & petang, Sembahyang Doha
Sembahyang Hajat (minta dipermudahkan, dilembutkan hati)
Jemputan from Rusiah – anak’s