Unit trust industry expected to grow 25% to 30%

By DALJIT DHESI

PETALING JAYA: The net asset value (NAV) of the unit trust industry is expected to chart 25% to 30% growth this year underpinned by growing investor confidence from improving global capital markets, according to Federation of Investment Managers Malaysia (FIMM) president Tunku Ya’acob Tunku Abdullah.
He said the 25% to 30% improvement in NAV for the year was a reasonable expectation, given the country’s strong economic fundamentals.
As at end-June, the NAV of the industry was RM164bil, an increase of about 22% against RM134bil at end-2008. NAV refers to the value of the underlying assets held by a fund, minus liabilities.

Tunku Ya’acob said the recent stabilisation and gradual improvement in the world capital markets would bring about better investor sentiment.
Once confidence was restored, investors would be more comfortable taking on higher risk levels, he added. He said to date, there had been no major redemptions or panic selling of unit trust funds by investors in Malaysia compared with other markets worldwide.
“According to Bank Negara’s statistics as at April, there was more than RM300bil in savings and fixed deposit accounts. In view of the current low interest rate environment, some of these funds will eventually find their way into unit trust funds which offer better growth potential,” he said in an email reply.

MAAKL Mutual Bhd CEO Wong Boon Choy said the company expected to see continued improvement in investor confidence in the second half of this year.
The Government’s stimulus packages and their related multiplier effects would help cushion the impact of the sharp external downturn and set the stage for economic recovery in the second half year, he added.

Public Mutual Bhd CEO Yeoh Kim Hong said with risk aversion receding, investors were now selectively repositioning their portfolios to participate in the market uptrend.
This had helped the industry pick up in terms of NAV and sales of equity funds, she said, adding that the company expected the industry to remain resilient in the second half year.
However, HwangDBS Investment Management Bhd head of equities Gan Eng Peng felt that the investment appetite of investors had been affected in the last few months as only a small number was focused on making money, opting instead to preserve wealth and “bullet proof” their finances and businesses.

On fund performance, Tunku Ya’acob said judging from the six-month data, local conventional and Islamic equity funds had been doing relatively well.
“Over the six-month period, the conventional or non-Islamic equity fund sector gave an average return of about 17%. Over the same period, the local Islamic equity fund sector recorded an average return of about 16%,” he noted.
Yeoh said on a year-to-date basis, funds invested in regional markets had outperformed those invested solely in the local market as regional markets had broadly outperformed the domestic market.
Selected sector funds such as real estate funds had outperformed other funds as the regional property markets had stabilised, she added.
Gan said the new stock exchange barometer, the FTSE Bursa Malaysia KL Composite Index (FBM KLCI), was expected to further lift the industry in terms of institutional investor participation.

Institutional investors would not confine their investment portfolio to the 30 counters but also tap the larger opportunities available in the market, he said, referring to the 30 index-linked stocks that make up the FBM KLCI.
According to Wong, the soon-to-be-launched online electronic system, known as E-Pilihan Pelaburan Ahli (E-PPA) for the withdrawal of EPF savings for members to invest in unit trusts, will also help improve the industry’s growth.
The new system is expected to cut the current withdrawal process time from one to two weeks currently to three to five days.

Tunku Ya’acob said investor education was essential to push the industry to a higher level as it was vital for investors to understand the merits of investing early and for the long term.
To better communicate the risk profile of each fund to investors, FIMM has introduced the Fund Volatility Factor (FVF) disclosure for unit trust funds of at least three years.
The FVF is a measure of the rise and fall of a fund’s returns over a period of time relative to its average returns.

How to MAXIMISE your EPF

KWSP isytihar dividen 4.50 peratus bagi 2008

KUALA LUMPUR: Lembaga Kumpulan Wang Simpanan Pekerja (KWSP), hari ini dengan kelulusan Menteri Kewangan mengisytiharkan kadar dividen 4.50 peratus bagi tahun 2008.
Kadar dividen yang lebih rendah berbanding 2007 disebabkan peningkatan peruntukan rosot nilai pelaburan kesan penurunan mendadak harga pasaran ekuiti global yang dicetuskan oleh krisis kewangan dunia. Di sebalik krisis kewangan itu, KWSP mencatatkan pendapatan kasar tertinggi pernah dicapai sebanyak RM20 bilion pada tahun 2008, meningkat 9.36 peratus berbanding pendapatan kasar tahun sebelumnya sebanyak RM18.29 bilion.

Pengerusi KWSP, Tan Sri Samsudin Osman, berkata, walaupun 2008 adalah tahun yang mencabar berikutan krisis kewangan global yang sudah memberikan kesan negatif kepada ekonomi dunia, portfolio pelaburan KWSP dari segi pendapatan kasar menunjukkan prestasi lebih baik berbanding 2007. Bagaimanapun, susulan kejatuhan menjunam nilai pasaran ekuiti, sejumlah besar peruntukan rosot nilai pelaburan perlu dibuat yang menyebabkan penurunan ketara pendapatan bersih. Pendapatan bersih pada 2008 ialah RM14.26 bilion selepas ditolak peruntukan rosot nilai ekuiti dan hutang ragu, bayaran dividen untuk pengeluaran, perbelanjaan pelaburan, perbelanjaan operasi dan bayaran manfaat kematian serta hilang upaya.

Ini adalah penurunan 15.47 peratus berbanding pendapatan bersih 2007 sebanyak RM16.87 bilion. Ekuiti masih adalah antara penyumbang terbesar kepada pulangan KWSP pada 2008, mewakili 34.82 peratus daripada jumlah pendapatan pelaburan kasar KWSP. Ekuiti memberikan pulangan kedua terbesar kepada KWSP sebanyak RM6.67 bilion pada 2008 berbanding RM5.37 bilion pada 2007. “Sehingga September tahun lalu, KWSP sudah menunjukkan prestasi yang baik dalam ekuiti. Bagaimanapun, berikutan krisis kewangan dunia, prestasi pelaburan ekuiti KWSP jatuh kurang daripada 20 peratus, seterusnya memberikan kesan kepada bayaran dividen. Bagaimanapun, prestasi KWSP adalah lebih baik berbanding dengan indeks komposit Bursa Malaysia yang merosot kira-kira 40 peratus dari akhir Disember 2007 hingga Disember 2008,” kata Samsudin dalam kenyataannya, di sini, hari ini.

Kesan daripada penurunan ketara dalam harga ekuiti global dan polisi peruntukan rosot nilai yang konservatif selaras dengan amalan terbaik perakaunan, KWSP memperuntukkan sebanyak RM4.69 bilion pada 2008 untuk rosot nilai pelaburan ekuiti dalam dan luar negara, berbanding hanya RM0.52 bilion pada 2007. Daripada jumlah peruntukan 2008, sebanyak RM3.20 bilion diperuntukkan untuk ekuiti luar negara. “KWSP sudah melabur dalam syarikat yang mempunyai asas kukuh dan kami yakin peruntukan ini akan dimasukkan semula ke dalam akaun apabila ekonomi kembali pulih,” katanya. Pinjaman dan Bon adalah penyumbang terbesar pendapatan kasar pada 2008 mencatatkan pulangan RM6.78 bilion berbanding RM5.91 bilion pada tahun 2007, manakala Sekuriti Kerajaan Malaysia, penyumbang ketiga terbesar pendapatan, memperoleh pulangan RM4.94 bilion berbanding RM4.88 bilion pada tahun sebelumnya. Sehingga 31 Disember 2008, jumlah keseluruhan dana pelaburan KWSP meningkat sebanyak RM28.99 bilion kepada RM342.00 bilion berbanding RM313.01 bilion pada 2007.

Pada 2008, KWSP memerlukan RM3.18 bilion untuk membayar satu peratus dividen berbanding hanya RM2.89 bilion pada 2007 disebabkan bilangan ahli yang bertambah. Ini bermakna KWSP memerlukan lebih 9.71 peratus lagi pendapatan bagi mengisytiharkan satu peratus dividen pada 2008 berbanding tahun sebelumnya. “KWSP bersedia menghadapi tahun 2009 yang lebih mencabar kesan daripada krisis kewangan global yang masih berterusan. "Bagaimanapun, KWSP yakin di sebalik setiap krisis, masih wujud peluang yang boleh dimanfaatkan. Apa yang penting adalah KWSP perlu sentiasa berhati-hati dan terus berusaha memberikan pulangan untuk faedah semua ahli melalui strategi pelaburan yang berhemah,” katanya. - Bernama

JAPAN

PERSONAL INVESTING By OOI KOK HWA

One must have cash reserves of about RM1mil to be able to maintain one's current lifestyle 20 years after retirementWE need to become millionaires when we retire! A lot of people have misconceptions about being millionaires. To them, being a millionaire means they should own total assets – by adding up their total cash, house, Employees' Provident Fund (EPF) contribution and car – that are worth RM1mil and above.They believe that once they achieve one million cash, they should enjoy themselves by driving big luxury cars and staying in bungalows.In reality, all of us need to become millionaires when we retire at age 55. Based on our computation, we need to own total cash, including all money in savings, fixed deposits and EPF, which have total value of more than RM1mil.The key principle here is we need to have cash reserves of more than RM1mil to be able to maintain our current lifestyle 20 years after retirement from age 55 to age 75. This is on the assumption that we can live up to 75 (the average lifespan of Malaysians).

Based on our computation (see table), if you are now 35 years old and your current monthly expenses are RM3,000 per month, assuming you are only able to generate a return of 3% (the return from fixed deposits) on all of your savings and the RM3,000 will grow by the average historical inflation rate of 3.5% per annum, you would need RM1.6mil when you retire at age 55.This amount will be enough to maintain your current lifestyle for the next 20 years after your retirement at 55.However, if you need to spend RM5,000, RM7,000 or RM10,000 per month, then you need RM2.6mil, RM3.7mil and RM5.3mil respectively at your retirement age of 55.In short, you need to become a millionaire when you retire even if you only maintain a simple lifestyle after your retirement. You will not be able to use this money to buy a big luxury car or a bungalow, as you really need the money for the next 20 years.Thomas J. Stanley and William D. Danko have conducted research on the reasons why some Americans become wealthy. They discovered that a lot of them live well below their means.Unfortunately, we notice that some Malaysians do not have enough money when they retire. Some of them may not be aware that they really need to accumulate that amount of money when they retire. Some may be aware, but they may have used up all their savings to support their children's education. As a result, they need to find a job after retirement.Some may have difficulties finding a job. A lot of companies may prefer to employ a young graduate rather than a retiree unless the latter is willing to accept a lower pay.We also believe that a lot of investors are quite worried about having enough money for retirement. They are also concerned that their money may not be enough to protect them against inflation. Hence, besides controlling our expenses, we also need to know how to grow our money.Looking at the table, different minimum achievable annual target returns can provide different required amounts for retirement.For the current monthly expenses of RM3,000, if you are only able to generate a 3% return per annum, then you need to have RM1.6mil for retirement whereas you only need about RM900,000 if you are able to generate a return of 10%.However, higher returns come with higher risks. We need to understand our risk tolerance level. We need to equip ourselves with adequate investing knowledge if we intend to generate higher returns.

ACHIEVING DREAMS

Working hard to achieve what we want is not easy.

There are many other things we wish for in life. Car, house, career, family, holiday etc, the list goes on. How do we achieve all this if we are living on a fixed income?

One way is to get your money to work harder for you, Invest. All you need to do is start. When your assets accumulate over time, you maybe in the financial position to have all you ever wanted. The rewards may potentially be more than you have ever dreamed of.

Taking charge of your financial position now will afford you the opportunity to create your own paradise. There are many ways to achieve financial rewards, the secret knows how to start.

If you are ready, we will be glad to show you how to ACHIEVING DREAMS

PELABURAN CIMB UNIT TRUST DENGAN KWSP AKAUN 1

Mulai 1 Februari 2008, ahli boleh melaburkan simpanan di bawah PPA tidak melebihi 20% daripada jumlah simpanan yang melebihi Simpanan Asas dalam Akaun 1.Pelaburan ini boleh dibuat setiap 3 bulan sekali dan jumlah minimum pelaburan ialah RM1,000.00. Jumlah Simpanan Asas dan contoh pengiraan adalah seperti jadual diatas.Syarat-syarat am prosedur di bawah Pengeluaran Pelaburan Ahli yang lain masih kekal dan tidak berubah.

Ingin Bertanya Maklumat lanjut@ berminat untuk melaburkan simpanan EPF @ simpanan anda dengan CIMB Unit Trust, boleh menghubungi kami

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CIMB Wealth Advisors is one of the fastest growing unit trust management companies in Malaysia and we host a dynamic sales force over 5,500 FMUTM registered Consultants at 33 regional, branches and sales offices located throughout Malaysia.

At CIMB Wealth Advisors, we provide the most exciting challenges in the industry and provide lots of opportunities for career advancement. We are committed in making you the most successful and productive unit trust consultants in the country.

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If you are highly motivated, relish on challenges and have the vision of becoming the country’s most successful unit trust consultant, come and sign up with us.

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" WHERE DREAMS COME TRUE "

ELITIANS 09 BREAK RECORD
RM100 Millions" Total Group Sales
+200 New Recruitments
+800k FYP Insurance
+25 Qualifiers Macau Hong Kong
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8 KELEBIHAN PELABURAN DANA ISLAM MELALUI SKIM AHLI KWSP

1. MENEPATI SYARIAH Peluang membuat pelaburan ke dalam dana-dana yang menepati syariah. Pelaburan di dalam dana-dana Islam CIMB Wealth Advisors dikawalselia oleh Panel Penasihat Syariah yang dilantik iaitu IBFIM (Islamic Banking and Finance Institute Malaysia Sdn Bhd).

2. PULANGAN LEBIH TINGGI Anda berpeluang menikmati pulangan dividen dan keuntungan modal yang diperolehi daripada pelaburan di dalam unit amanah. Sekadar perbandingan, dalam tempoh lima tahun terkini (bagi tahun 2001 – 2005) purata pulangan dividen oleh KWSP sebanyak 4.7% setahun, berbanding pulangan Dana CIMB Islamic DALI Equity Growth dalam tempoh yang sama memperolehi pulangan sebanyak 15% setahun!Nota : Bagaimanapun, perlu diingatkan bahawa prestasi masa lalu tidak semestinya sebagai petunjuk atau gambaran sebenar prestasi masa depan.

3. TIDAK GANGGU WANG POKET Tidak mengganggu aliran tunai wang poket anda kerana anda tidak perlu mengeluarkan wang daripada poket anda, sebaliknya hanya perlu memindahkan wang daripada Akaun 1 KWSP anda ke Institusi Pengurusan Dana (CIMB Wealth Advisors).

4. MENGGUNAKAN SUMBER SEDIA ADA Anda tidak perlu membuat pinjaman atau mendapatkan kewangan daripada sumber-sumber baru untuk mendapatkan peluang untuk melabur dalam unit amanah kerana anda cuma perlu bijak menggunakan sumber kewangan sedia ada pada anda iaitu di dalam Akaun 1 KWSP anda untuk mendapatkan pulangan yang lebih baik.

5. NILAI TAMBAH Anda berpeluang memperolehi pelbagai nilai tambah melalui pelaburan di CIMB Wealth Advisors.

6. KEKERAPAN MENAMBAH PELABURAN Anda berpeluang menambah pelaburan melalui skim ini setiap 90 hari untuk mendapatkan pulangan yang kompetitif.

7. WANG PERSARAAN LEBIH TINGGI Dengan peluang untuk mendapatkan pulangan yang lebih menguntungkan, bermakna anda berpeluang untuk meningkatkan simpanan KWSP untuk tujuan hari persaraan anda kelak.

8. KEPUASAN MENGURUS SENDIRI Anda boleh mendapat kepuasan menguruskan sendiri wang simpanan KWSP anda untuk dilaburkan di tempat yang anda inginkan dan yakini melalui Institusi Pengurusan Dana yang berkredibiliti dan berprestasi tinggi seperti CIMB Wealth Advisors, khususnya untuk mendapat pulangan yang lebih tinggi, menepati syariah dan lebih nilai tambah !

KEKERAPAN MELABUR DARI SIMPANAN KWSP Setiap 90 hari dari tarikh pemindahan terakhir dibuat. PENJUALAN BALIK DAN KEUNTUNGAN

PELABURAN Penjualan balik pelaburan ini boleh dilakukan pada bila-bila masa. Bagaimanapun jumlah jualan balik serta sebarang keuntungan yang diperolehi akan dikreditkan semula ke dalam Akaun 1 KWSP.