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Brainstorming
13 June 2011
"The positive thinker
sees the invisible,
feels the intangible,
and achieves the impossible."
~Author Unknown~
PMB Updates
https://www.publicmutualutcconnect.com.my/
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
end
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
branches.
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
aminvestment
cimb group
aminvestment
hwang-dbs
44.85%
public mutual
cimb group
osk-uob
hwang-dbs
hong leong asset mgmt
osk-uob
others
13.81%
13.66%
4.98%
4.60%
pacific mutual
prudential fund mgmt
maakl mutual
rhb investment
others
7.32%
Upcoming seminar – if interested to
attend at cheras. Pls rsvp seat and make
payment.
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
China
- 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
rise)
- 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)
Promotions
!
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)
Yakin
Jemputan from Rusiah – anak’s
wedding