Public Bank’s wholly-owned subsidiary, Public Mutual swept 10 out of the 29 awards, including the most prestigious “Best Overall Group” award, at The Edge-Lipper Malaysia Fund Awards 2010 held at the Kuala Lumpur Convention Centre on 23 February 2010. This is the 7th consecutive year Public Mutual has emerged as the biggest winner at the annual awards event.
Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow expressed pride at the outstanding achievement despite a challenging year in 2009. “These awards demonstrate Public Mutual's commitment in continuously delivering top value as well as meeting the diverse needs of our unitholders,” he said.
By winning these awards, Public Mutual has to date received a total of 148 industry awards. Tan Sri Teh dedicated these awards to Public Mutual’s board of directors, management, staff, unit trust consultants and investors for their unwavering support and confidence over the years.
The 10 awards won by Public Mutual are:
No Fund / Company Category
1 Public Mutual Berhad Best Overall Group Award
2 Public Regional Sector Fund Equity Asia Pacific 3 years
3 Public Far-East Dividend Fund Equity Asia Pacific Ex Japan 3 years
4 Public SmallCap Fund Equity Malaysia Small and Mid Caps 3 years
5 Public SmallCap Fund Equity Malaysia Small and Mid Caps 5 years
6 Public Bond Fund Bond Malaysian Ringgit 10 years
7 PB Balanced Fund Mixed Asset MYR Balanced 10 years
8 Public Islamic Bond Fund Bond Malaysian Ringgit - Islamic 3 years
9 Public Islamic Bond Fund Bond Malaysian Ringgit - Islamic 5 years
10 Public Ittikal Fund Equity Malaysia - Islamic 10 years
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.
Wednesday, February 24, 2010
Sunday, February 21, 2010
:: Wanna Be An Unit Trust Consultant? ::
Where to Start?
Are you at least 21 years of age, possess a degree or at least SPM qualification and have strong business contacts?
YES! You are what I'm looking at... :)
To speed up the application, kindly prepare the following documents:
1. 2 copies of your IC.
2. 6 copies of your passport-size colour photo.
3. 1 copy of your relevant certificate of examination e.g. your degree, diploma or SPM.
4. 1 copy of your bank statement or front page of your savings passbook. Buka account RM250 (ni nak masuk commission only Public Bank)
5. Bank-in RM250 at any Public Bank (ATM machine or counter) for Public Mutual account no 3-1466169-06. This is the registration fee which is consider 'refundable' once you achieve certain sales within 6 months and thus it is actually worth it!
6. RM10 for revision class
7. RM4 for Statutory Declaration Form signature.
Also, please take note that the earliest examination date for becoming a consultant normally is 1 month from the date we submit the complete application.
Thus, act now!
Are you at least 21 years of age, possess a degree or at least SPM qualification and have strong business contacts?
YES! You are what I'm looking at... :)
To speed up the application, kindly prepare the following documents:
1. 2 copies of your IC.
2. 6 copies of your passport-size colour photo.
3. 1 copy of your relevant certificate of examination e.g. your degree, diploma or SPM.
4. 1 copy of your bank statement or front page of your savings passbook. Buka account RM250 (ni nak masuk commission only Public Bank)
5. Bank-in RM250 at any Public Bank (ATM machine or counter) for Public Mutual account no 3-1466169-06. This is the registration fee which is consider 'refundable' once you achieve certain sales within 6 months and thus it is actually worth it!
6. RM10 for revision class
7. RM4 for Statutory Declaration Form signature.
Also, please take note that the earliest examination date for becoming a consultant normally is 1 month from the date we submit the complete application.
Thus, act now!
Friday, February 19, 2010
Roadshow in Kota Kinabalu Recently
Event: Sabah Investment Fair 2010
Venue: Kompleks Karamunsing, Kota Kinabalu, Sabah
Date: Jan 2010
UTC: IAR, Hartene, Qayyum dan Ustaz Firdaus
Achievement:
> Recruited 2 new UTCs and potential 3 UTCs on the way... need to do another round of following up! :)
Our Corporate Shirt
Hi team!
Petang tadi saya ke Central Market dengan Hartene. Tak sangka pula banyak perubahan besar yang telah berlaku. YES! Ikut tajuk, I spent few hours looking for opportunity to create our own Corporate Shirt.
I'allah, design da siap. Will upload to yahoogroup once the designer da buat final touch up.
Can't wait for our new identity! :) The cost will be below RM50. So, make sure you dah siap2kan dari awal!
Kaizen!
Loves & Thanks,
IAR
Petang tadi saya ke Central Market dengan Hartene. Tak sangka pula banyak perubahan besar yang telah berlaku. YES! Ikut tajuk, I spent few hours looking for opportunity to create our own Corporate Shirt.
I'allah, design da siap. Will upload to yahoogroup once the designer da buat final touch up.
Can't wait for our new identity! :) The cost will be below RM50. So, make sure you dah siap2kan dari awal!
Kaizen!
Loves & Thanks,
IAR
Thursday, February 18, 2010
:: Yes, WHY? ::
Why I will be a successful UTC?
1. It’s the number 1 UT Company in the industry with attractive and proven track record.
2. I have the right mental attitude, confidence and determination to succeed.
3. I have the right leader to groom me into a self-starter, motivator and a decision maker
4. I believe, I have the capability to develop, enhance and master my skills to serve better
5. I believe, I belong to the right industry at the right time to enable me to produce very high income
6. I feel highly motivated and believe this financial product can help individuals to enhance their financial standing.
7. I believe our financial products are the best in the market and it offers better savings and investment opportunities to others.
8. I am committed, focused and I know my priorities.
9. I am open to changes, willing to learn, committed to trainings/meetings, loyal to company and my agency leader.
10. I know this is not a coincidence. The biz, the company and the agency leader. I believe my prayers have been answered!
1. It’s the number 1 UT Company in the industry with attractive and proven track record.
2. I have the right mental attitude, confidence and determination to succeed.
3. I have the right leader to groom me into a self-starter, motivator and a decision maker
4. I believe, I have the capability to develop, enhance and master my skills to serve better
5. I believe, I belong to the right industry at the right time to enable me to produce very high income
6. I feel highly motivated and believe this financial product can help individuals to enhance their financial standing.
7. I believe our financial products are the best in the market and it offers better savings and investment opportunities to others.
8. I am committed, focused and I know my priorities.
9. I am open to changes, willing to learn, committed to trainings/meetings, loyal to company and my agency leader.
10. I know this is not a coincidence. The biz, the company and the agency leader. I believe my prayers have been answered!
Saturday, February 13, 2010
Gong Xi Fatt Caii
I would like to wish all my investors, consultants and friends a very Happy Chinese New Year!
May the year of TIGER brings you happiness, luck and prosperity!
Loves & Thanks,
Ida Azerin Razali
Public Mutual Berhad
Sunday, February 7, 2010
Clarification on Individuals Undertaking the Activities of Distributing and Marketing of Unit Trust
Introduction
This FAQ provides clarification and guidance to Question 8 of the current FAQ on the Single Licensing Regime (In Reference to the Licensing Handbook). The Question prescribes that a registered person dealing in unit trust and attached to a UTMC cannot be attached to another principal.
Following the FAQ with regard to the position of unit trust consultants, the SC has received several enquiries requesting for further clarification on the implementation of Question 8 and other issues with regard to individuals licensed for financial planning and interns attached to licensed financial planning firms.
1. Can a Unit Trust Consultant who is attached to a UTMC, CUTA or IUTA, be allowed to distribute unit trust products of other UTMCs, CUTAs or IUTAs?
No. A Unit Trust Consultant (UTC) is not permitted to market and distribute unit trust products other than the products of his principal, to which he is attached to.
A UTC is only allowed to market and distribute the products of its Principal, which may be a UTMC, CUTA or a IUTA. He cannot distribute products of another UTMC at the same time.
This is to ensure that the UTC provides dedicated advice to the investor with respect to his principal's products.
2. Can a Unit Trust Consultant be attached to more than one UTMC?
No. As mentioned above, a UTC can only be attached to one UTMC and cannot distribute unit trust products directly or indirectly of other UTMCs. He should also not have other arrangements to distribute products of other UTMCs.
3. Are employees of the IUTA, who are registered as UTCs with FIMM allowed to distribute unit trust funds independent of their employers?
No. The employees of a IUTA who are UTCs by virtue of their responsibilities in the IUTA, cannot become a UTC and attach themselves independently with any UTMC, CUTA or IUTA.
4. Can an individual who holds a financial planning license and is a unit trust consultant, attach himself to more than one UTMC?
No. A UTC can only be attached to one UTMC, as its Principal. The individual, who holds a financial planning license, should distribute the unit trust products of his Principal and pursuant to a financial plan. This is consistent with the approach as described in Question 1 and 2 above.
5. Can an individual who holds a financial planning license, who intends to become a CUTA continue to be attached to a UTMC?
No. The Financial Planning license holder must detach himself or herself from the UTMC prior to the CUTA seeking registration with FIMM. The CUTA can be attached to several UTMCs. As mentioned in Question 1 above, the CUTA and its representatives can only distribute unit trust products pursuant to a financial plan and with respect to the products of the UTMCs that the CUTA has arrangements with.
6. Are interns of a CUTA allowed to be registered as UTCs with FIMM either to distribute unit trust products on behalf of the CUTA or to distribute unit trust products independent of the CUTA?
No. An intern is not allowed to become a UTC, regardless of whether it is in his or her capacity as an intern of the CUTA or independent of the CUTA. This requirement is consistent with the framework for CUTAs, which does not allow the individual licensed financial planning representative to have an arrangement with UTMCs. This also follows the principle of interns assisting the financial planners of a CUTA and must not operate to avoid the requirement for FPs of CUTAs to be detached from UTMCs.
SC Website
This FAQ provides clarification and guidance to Question 8 of the current FAQ on the Single Licensing Regime (In Reference to the Licensing Handbook). The Question prescribes that a registered person dealing in unit trust and attached to a UTMC cannot be attached to another principal.
Following the FAQ with regard to the position of unit trust consultants, the SC has received several enquiries requesting for further clarification on the implementation of Question 8 and other issues with regard to individuals licensed for financial planning and interns attached to licensed financial planning firms.
1. Can a Unit Trust Consultant who is attached to a UTMC, CUTA or IUTA, be allowed to distribute unit trust products of other UTMCs, CUTAs or IUTAs?
No. A Unit Trust Consultant (UTC) is not permitted to market and distribute unit trust products other than the products of his principal, to which he is attached to.
A UTC is only allowed to market and distribute the products of its Principal, which may be a UTMC, CUTA or a IUTA. He cannot distribute products of another UTMC at the same time.
This is to ensure that the UTC provides dedicated advice to the investor with respect to his principal's products.
2. Can a Unit Trust Consultant be attached to more than one UTMC?
No. As mentioned above, a UTC can only be attached to one UTMC and cannot distribute unit trust products directly or indirectly of other UTMCs. He should also not have other arrangements to distribute products of other UTMCs.
3. Are employees of the IUTA, who are registered as UTCs with FIMM allowed to distribute unit trust funds independent of their employers?
No. The employees of a IUTA who are UTCs by virtue of their responsibilities in the IUTA, cannot become a UTC and attach themselves independently with any UTMC, CUTA or IUTA.
4. Can an individual who holds a financial planning license and is a unit trust consultant, attach himself to more than one UTMC?
No. A UTC can only be attached to one UTMC, as its Principal. The individual, who holds a financial planning license, should distribute the unit trust products of his Principal and pursuant to a financial plan. This is consistent with the approach as described in Question 1 and 2 above.
5. Can an individual who holds a financial planning license, who intends to become a CUTA continue to be attached to a UTMC?
No. The Financial Planning license holder must detach himself or herself from the UTMC prior to the CUTA seeking registration with FIMM. The CUTA can be attached to several UTMCs. As mentioned in Question 1 above, the CUTA and its representatives can only distribute unit trust products pursuant to a financial plan and with respect to the products of the UTMCs that the CUTA has arrangements with.
6. Are interns of a CUTA allowed to be registered as UTCs with FIMM either to distribute unit trust products on behalf of the CUTA or to distribute unit trust products independent of the CUTA?
No. An intern is not allowed to become a UTC, regardless of whether it is in his or her capacity as an intern of the CUTA or independent of the CUTA. This requirement is consistent with the framework for CUTAs, which does not allow the individual licensed financial planning representative to have an arrangement with UTMCs. This also follows the principle of interns assisting the financial planners of a CUTA and must not operate to avoid the requirement for FPs of CUTAs to be detached from UTMCs.
SC Website
Saturday, February 6, 2010
::We are looking for dedicated and QUALITY… UNIT TRUST CONSULTANT! ::
Requirements:
> At least 23 years old
> Minimum SPM qualification, preferably with experience in Sales, Marketing, Finance, Accounting or Insurance
> Multilingual
> Pleasant personality with strong interpersonal and communication skills
> Independent, matured in thinking, hungry for success & knowledge, teachable, coachable, fun and energetic person with the ability to think out of the box and possess entrepreneurship quality
> Bumiputra are encouraged to apply
> Applicants should be Malaysian citizens or hold relevant residence status
Responsibilities:
Promoting a comprehensive range of unit trust products
Building long-term profitable relationships with new and existing customers
Benefits:
Highly competitive incentive structure and benefits programme in the industry
The potential to earn unlimited income
Flexible working hours
Overseas trips, awards and public recognition
A wide range of financial planning and professional sales tools
Sales incentives and campaigns to support your sales effort
Subsidised Certified Financial Planner (CFP) certification course and diverse training programmes
Numerous recruitment incentives and subsidies for agency building
And much, much more
Be part of our team and start writing your own cheque of your desired income!
Please take note that you’ll be joining us as an ASSOCIATE, not as an EMPLOYEE. We will be your ASSOCIATE and MENTOR, not EMPLOYER. Therefore, you will be paid based on your PERFORMANCE, not your TIME.
Interested candidates, please call or email: +6012 321 51 90 or idaazerin@gmail.com
--
You are a success the moment you take actions!
Change and Grow Even Stronger 2010!
With Love & Thanks,
Ida Azerin Razali
Agency Manager
Public Mutual Berhad
HP: +6012 321 51 90
http://bzbeezconsultants.blogspot.com
> At least 23 years old
> Minimum SPM qualification, preferably with experience in Sales, Marketing, Finance, Accounting or Insurance
> Multilingual
> Pleasant personality with strong interpersonal and communication skills
> Independent, matured in thinking, hungry for success & knowledge, teachable, coachable, fun and energetic person with the ability to think out of the box and possess entrepreneurship quality
> Bumiputra are encouraged to apply
> Applicants should be Malaysian citizens or hold relevant residence status
Responsibilities:
Promoting a comprehensive range of unit trust products
Building long-term profitable relationships with new and existing customers
Benefits:
Highly competitive incentive structure and benefits programme in the industry
The potential to earn unlimited income
Flexible working hours
Overseas trips, awards and public recognition
A wide range of financial planning and professional sales tools
Sales incentives and campaigns to support your sales effort
Subsidised Certified Financial Planner (CFP) certification course and diverse training programmes
Numerous recruitment incentives and subsidies for agency building
And much, much more
Be part of our team and start writing your own cheque of your desired income!
Please take note that you’ll be joining us as an ASSOCIATE, not as an EMPLOYEE. We will be your ASSOCIATE and MENTOR, not EMPLOYER. Therefore, you will be paid based on your PERFORMANCE, not your TIME.
Interested candidates, please call or email: +6012 321 51 90 or idaazerin@gmail.com
--
You are a success the moment you take actions!
Change and Grow Even Stronger 2010!
With Love & Thanks,
Ida Azerin Razali
Agency Manager
Public Mutual Berhad
HP: +6012 321 51 90
http://bzbeezconsultants.blogspot.com
:: History Of Unit Trusts ::
History of Unit Trusts
Malaysia introduced the unit trust concept relatively early compared to its Asian neighbours, when, in 1959, a unit trust was first established by a company called Malayan Unit Trust Ltd.
The unit trust industry in Malaysia has therefore a history of more than four (4) decades. The development of this industry can be presented in chronological order as follows
The Development of Unit Trusts
The Formative Years: 1959 -1979
The first two decades in the history of the unit trust industry were characterised by slow growth in the sales of units and a lack of public interest in the new investment product.
Only five unit trust management companies were established, with a total of 18 funds introduced over that period. The industry was regulated by several parties including the Registrar of Companies, The Public Trustee of Malaysia, Bank Negara Malaysia and the Ministry of Domestic Trade and Consumer Affairs.
The 1970s also witnessed the emergence of state government sponsored unit trusts, in response to the Federal Government's call to mobilise domestic household savings.
The Period from 1980 to 1990
This period marks the entry of government participation in the Unit Trust Industry and the formation of a Committee to regulate the unit trust industry, called the Informal Committee for Unit Trust Funds, comprising representatives from the Registrar of Companies (ROC), the Public Trustee of Malaysia, Bank Negara Malaysia (BNM) and the Capital Issues Committee (CIC).
The 1980s marked a significant development in the history of the industry when the Skim Amanah Saham Nasional (ASN) was launched by Permodalan Nasional Berhad (PNB) in 1981. Despite only 11 funds being launched during this period, the total units subscribed by the public swelled to an unprecedented level because of the overwhelming response to ASN.
The 1980s also witnessed the emergence of more unit trust management companies, which were subsidiaries of financial institutions. Their participation facilitated the marketing and distribution of unit trusts through bank's branch network which widened investor reach.
The Period from 1991 to 1999
This period witnessed the fastest growth of the unit trust industry in terms of the number of new management companies established, and funds under management. The centralisation of industry regulation, with the establishment of the Securities Commission on 1 March 1993, coupled with the implementation of the Securities Commission (Unit Trust Scheme) Regulations in 1996 and extensive marketing strategies adopted by the ASN and ASB (Amanah Saham Bumiputera), played key roles in making unit trusts household products in Malaysia. Consequently, the total asset value of funds under management grew more than threefold from RM15.72 billion at the end of 1992 to RM59.95 billion at the end of 1996. The period also saw greater product innovation and deregulation of the industry.
Although the pace of growth of local unit trust funds has moderated since the financial crisis of 1997-1998, it has nevertheless maintained its upward trend.
The Period from 2000 to current
The unit trust industry has a very promising start to the 21st century. The industry recorded double digit growth for first 7 years, growing from RM43 billion in Net Asset Value(NAV) in Year 2000 to RM169 billion as at 31 December 2007. However, this strong growth has been punctuated by some extraordinary financial crisis in 2008, starting from the fallout of the subprime loans in the USA, bursting of the property bubble, the global credit crunch, the banking crisis and the rapidly falling share prices worldwide. As at 31 December 2008, the unit trust industry saw its NAV dropping to RM134 billion. While the industry NAV has dropped by 20% over the last 10 months, the industry Net Asset Value to Bursa Malaysia Market Capitalization has increased from 15% to more than 20%. In relative terms, the unit trust industry drop is less severe than the fall in share prices in Bursa Malaysia due to the diverse nature of its assests.
taken from FIMM website
Malaysia introduced the unit trust concept relatively early compared to its Asian neighbours, when, in 1959, a unit trust was first established by a company called Malayan Unit Trust Ltd.
The unit trust industry in Malaysia has therefore a history of more than four (4) decades. The development of this industry can be presented in chronological order as follows
The Development of Unit Trusts
The Formative Years: 1959 -1979
The first two decades in the history of the unit trust industry were characterised by slow growth in the sales of units and a lack of public interest in the new investment product.
Only five unit trust management companies were established, with a total of 18 funds introduced over that period. The industry was regulated by several parties including the Registrar of Companies, The Public Trustee of Malaysia, Bank Negara Malaysia and the Ministry of Domestic Trade and Consumer Affairs.
The 1970s also witnessed the emergence of state government sponsored unit trusts, in response to the Federal Government's call to mobilise domestic household savings.
The Period from 1980 to 1990
This period marks the entry of government participation in the Unit Trust Industry and the formation of a Committee to regulate the unit trust industry, called the Informal Committee for Unit Trust Funds, comprising representatives from the Registrar of Companies (ROC), the Public Trustee of Malaysia, Bank Negara Malaysia (BNM) and the Capital Issues Committee (CIC).
The 1980s marked a significant development in the history of the industry when the Skim Amanah Saham Nasional (ASN) was launched by Permodalan Nasional Berhad (PNB) in 1981. Despite only 11 funds being launched during this period, the total units subscribed by the public swelled to an unprecedented level because of the overwhelming response to ASN.
The 1980s also witnessed the emergence of more unit trust management companies, which were subsidiaries of financial institutions. Their participation facilitated the marketing and distribution of unit trusts through bank's branch network which widened investor reach.
The Period from 1991 to 1999
This period witnessed the fastest growth of the unit trust industry in terms of the number of new management companies established, and funds under management. The centralisation of industry regulation, with the establishment of the Securities Commission on 1 March 1993, coupled with the implementation of the Securities Commission (Unit Trust Scheme) Regulations in 1996 and extensive marketing strategies adopted by the ASN and ASB (Amanah Saham Bumiputera), played key roles in making unit trusts household products in Malaysia. Consequently, the total asset value of funds under management grew more than threefold from RM15.72 billion at the end of 1992 to RM59.95 billion at the end of 1996. The period also saw greater product innovation and deregulation of the industry.
Although the pace of growth of local unit trust funds has moderated since the financial crisis of 1997-1998, it has nevertheless maintained its upward trend.
The Period from 2000 to current
The unit trust industry has a very promising start to the 21st century. The industry recorded double digit growth for first 7 years, growing from RM43 billion in Net Asset Value(NAV) in Year 2000 to RM169 billion as at 31 December 2007. However, this strong growth has been punctuated by some extraordinary financial crisis in 2008, starting from the fallout of the subprime loans in the USA, bursting of the property bubble, the global credit crunch, the banking crisis and the rapidly falling share prices worldwide. As at 31 December 2008, the unit trust industry saw its NAV dropping to RM134 billion. While the industry NAV has dropped by 20% over the last 10 months, the industry Net Asset Value to Bursa Malaysia Market Capitalization has increased from 15% to more than 20%. In relative terms, the unit trust industry drop is less severe than the fall in share prices in Bursa Malaysia due to the diverse nature of its assests.
taken from FIMM website
:: Our Newly Registered UTC for Jan 2010 ::
1. Safura Abd Rahman (JB)
2. Nabil Fikri Mohd Ishak (Serdang)
::Group Top Achievers for Jan 2010::
CONGRATULATIONS!!!!
What a superb start of the year 2010! :)
Congrats once again to the Top Performers Jan 2010!
What a superb start of the year 2010! :)
Congrats once again to the Top Performers Jan 2010!
Top Producer for Jan 2010:
1. Norhisham Kamal (Seremban)
2. Zainiza Abdul Manap (Semenyih)
3. Juliana Md Sharif (Penang)
4. Arsiah Ladi (Dengkil)
5. Kang Wai Chin (PJ)
6. Khulailah Abas (Shah Alam)
7. Prameswary A/P Titan Nadar (Serdang)
8. Nor Aliza Adam (PJ)
9. Hasneeta Mohd Hashim (Subang)
10. Shazana Abdul Rashid (Ampang)
Top Unit Trust Consultant for Jan 2010:
1. Prameswary A/P Titan Nadar (Serdang)
2. Mohamad Ariff Abd Rashid(Ampang)
3. Azlan Shah Ahmad Azahari(Linda's husband - KL)
4. Norul Suhaida Musa (Ampang)
5. Abdul Qayyum Faizal (Bangi)
Top Agency Supervisor Probation for Jan 2010:
1. Norhisham Kamal (Seremban)
2. Zainiza Abdul Manap (Semenyih)
3. Arsiah Ladi (Dengkil)
4. Kang Wai Chin (PJ)
5. Khulailah Abas (Shah Alam)
6. Nor Aliza Adam (PJ)
7. Hasneeta Mohd Hashim (Subang)
8. Shazana Abd Rashid (Ampang)
9. Kherun Nissa Ismail(Shah Alam)
10.Ruzaimah Rahim (Penang)
Top Agency Supervisor for Jan 2010:
1. Juliana Md Sharif (Penang)
2. Masrina Mohamed (Melaka)
3. Hartene Samsudin (KL)
4. Zamri Abdullah(JB)
U're a success the moment you take actions!
::What Are Unit Trusts? Or Amanah Saham?::
Unit Trusts are a form of collective investment that allows investors with similar investment objectives to pool their funds to be invested in a portfolio of securities or other assets.
A professional fund manager then invests the pooled funds in a portfolio which may include the asset classes listed below:
• Cash
• Bonds & Deposits
• Shares
• Properties
• Commodities
Unit holders do not own the securities in the portfolio directly. Ownership of the fund is divided into units of entitlement. As the fund increases or decreases in value, the value of each unit increases or decreases accordingly.The number of units held depends on the unit purchase price at the time of investment and the amount of money invested.
The return on investment of unit holders is usually in the form of income distribution and capital appreciation, derived from the pool of assets supporting the unit trust fund. Each unit earns an equal return, determined by the level of distribution and/or capital appreciation in any one period.
Unit trust investors are typically those with savings to invest, who neither have the time nor the inclination to hold portfolios of direct investments or shares. Rather, they prefer to invest in a secure, reputable investment vehicle which suits their purposes. Unit trusts allow investors to have easy access to a wide range of investments not normally available to them.
As investors seek to maximise returns on their financial resources, unit trusts provide an ideal way for them to gain exposure to investments that, in the long run, should produce returns superior to cash savings and fixed deposit investments.
The cost of these potentially higher returns is of course the risk that accompanies the investment. In the short term, the certainty of investment returns of most unit trust products is less than those offered by fixed deposits. However, in the medium to long term (i.e. 3-20 years), unit trust investments generally provide better returns at acceptable levels of risk.
taken from: FIMM website
A professional fund manager then invests the pooled funds in a portfolio which may include the asset classes listed below:
• Cash
• Bonds & Deposits
• Shares
• Properties
• Commodities
Unit holders do not own the securities in the portfolio directly. Ownership of the fund is divided into units of entitlement. As the fund increases or decreases in value, the value of each unit increases or decreases accordingly.The number of units held depends on the unit purchase price at the time of investment and the amount of money invested.
The return on investment of unit holders is usually in the form of income distribution and capital appreciation, derived from the pool of assets supporting the unit trust fund. Each unit earns an equal return, determined by the level of distribution and/or capital appreciation in any one period.
Unit trust investors are typically those with savings to invest, who neither have the time nor the inclination to hold portfolios of direct investments or shares. Rather, they prefer to invest in a secure, reputable investment vehicle which suits their purposes. Unit trusts allow investors to have easy access to a wide range of investments not normally available to them.
As investors seek to maximise returns on their financial resources, unit trusts provide an ideal way for them to gain exposure to investments that, in the long run, should produce returns superior to cash savings and fixed deposit investments.
The cost of these potentially higher returns is of course the risk that accompanies the investment. In the short term, the certainty of investment returns of most unit trust products is less than those offered by fixed deposits. However, in the medium to long term (i.e. 3-20 years), unit trust investments generally provide better returns at acceptable levels of risk.
taken from: FIMM website
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