Unit Trust Consultant - Millionaire Warriors

Public Mutual emerges as the Biggest Winner for 7th consecutive year

2010-03-08T00:57:00.001+08:00

Public Bank’s wholly-owned subsidiary, Public Mutual swept 10 out of the 29 awards, including the most prestigious “Best Overall Fund 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 Fund 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.

Super Tuesday!

2010-01-26T15:36:00.000+08:00

Salam semua...semoga hari ni anda semua berada dalam keadaan yg baik n okay! MW pun ok and tgh bersemangat nk buat keje ni. Semangat yg tgh membara. Baru je lepas meeting td with MW gang, so insyaallah after this MW akan focus untuk this year nye TARGET...tahun ni target MW adalah untuk mendapatkan sales untuk unit trust banyak2...doakan kejayaan MW okay!

RM100,000,000 CASH

Books ohhh Books!!!

2010-01-25T01:46:00.000+08:00

Hi Guys.....Happy New Year 2010....sorry for the late wish. Actually MW quite busy lately and masa agak mencemburui MW. Sorry bahasa agak rojak k...but hopefully u all will enjoy reading!

Hopefully u all semua dah ada azam yg baru dan rasenya mungkin at this moment all of u tgh berusaha untuk merealisasikan azam2 itu...chaiyok chaiyok!!! MW doakan yang terbaik dan insyaallah anda semua akan mencapai azam2 itu.

Actually, this entry MW nk share about Books...Why Books??? Bcoz the most important things yg paling penting utk kita develop our personal development is ::: People that we mingle around and books that we read:::

MW believed that reading books important to development. Ye la kan kita selalu ingatkan anak2 atau adik2 supaya rajin membaca. Adakah kita terfikir apakah yang menyebabkan ianya sangat penting dan apakah yang disebaliknya???

Actually, reading is important for many reasons. Some of these reasons are very practical, while others less tangible, and not so obvious. Sbbnya bila kita ajar anak2 adalah diawal usianya adalah untuk mereka improve their reading skill kan supaya mereka semua boleh bersedia menghadapi masa depan yang lebih productive... ye tak?? bukan la semata-mata hanya preparation utk ke sekolah tetapi juga untuk masa2 hadapan. Senang cerita, supaya tidak kita ditipu orang dgb begitu shj. :)

Actually for MW, kita kena lah jugak read the right books... sbbnya kalo salah books pun boleh buat kita salah tafsiran dan salah pemahaman. Jadi u all semua kena la cari books yg betul untuk dibaca..Cuba tgk picture yg MW letak kat awal entry post ni...itu juga adalah antara books yg MW dah baca. Kalau antara u all semua masih blum ada that books cuba cuba la beli n baca. Sure seronok!!

Actually reading books ni sama juga macam kita berjumpa orang. Sbb apa MW cakap macam tu, sbbnya bila kita berjumpa seseorang kita akan mengenali dia dan juga kita mungkin akan terpengaruh terhadap apa jua pemikirannya. Sama seperti kita membaca buku, yang mana kita akan terpengaruh dengan pemikiran penulis, actually seperti kita berjumpa ngan penulis buku itu dan penulis itu share semua experience dan intipati buku pada kita. Berbaloikan?

Apa yang paling penting adalah kita dapat absorb the thought dgn mudah, bukan senang tau sbb kebanyakkan buku yg dibaca adalah dari kalangan orang2 yg terbaik di dunia. It may not be easy to meet them personally, but through their books you can deeply know their thoughts. Am I right??
Melalui buku tersebut, they speak hours and hours to you. Wow !!

Realizing this, MW skang ni mmg appreciate reading books even more than before. How else can we deeply know the thoughts of the best people in the world? How else can we learn from their experiences? Melalui books juga kita dapat belajar from people with much higher capacity dari kita. They have gone through years in their life to accumulate the wisdom they write in their books, and we can just directly absorb it!

Okay guys...that all for now. C ya!!

Unit Trust Fund Management Company in Malaysia

2009-12-28T02:02:00.001+08:00

Currently there are 42 UTMC (Unit Trust Management Company) in Malaysia who are managing and distributing unit trust funds. There are more than 500 unit trust funds available in the market now.

The list below is all the UTMC in Malaysia:

AFFIN FUND MANAGEMENT BERHAD
ALLIANCE INVESTMENT MANAGEMENT BERHAD
AMANAH MUTUAL BERHAD
AMANAH SAHAM KEDAH BERHAD
AMANAH SAHAM NASIONAL BERHAD
AMANAH SAHAM SARAWAK BERHAD
AMANAHRAYA UNIT TRUST MANAGEMENT SDN BHD
AMANAHRAYA-JMF ASSET MANAGEMENT SDN BHD
AMINVESTMENT SERVICES BERHAD
APEX INVESTMENT SERVICES BERHAD
ARECA CAPITAL SDN BHD
ASIA UNIT TRUSTS BERHAD
ASM INVESTMENT SERVICES BERHAD
AVENUE INVEST BERHAD
BIMB UNIT TRUST MANAGEMENT BERHAD
CIMB WEALTH ADVISORS BERHAD
CIMB-PRINCIPAL ASSET MANAGEMENT BERHAD
CMS TRUST MANAGEMENT BERHAD
HLG UNIT TRUST BERHAD
HWANGDBS INVESTMENT MANAGEMENT BERHAD
ING FUNDS BERHAD
INTER-PACIFIC ASSET MANAGEMENT SDN BHD
KAF FUND MANAGEMENT SDN BHD
KENANGA UNIT TRUST BERHAD
KSC CAPITAL BERHAD
MAAKL MUTUAL BERHAD
MANULIFE UNIT TRUSTS BERHAD
MAYBAN INVESTMENT MANAGEMENT SDN BHD
OSK-UOB UNIT TRUST MANAGEMENT BERHAD
PACIFIC MUTUAL FUND BERHAD
PELABURAN HARTANAH NASIONAL BERHAD
PELABURAN JOHOR BERHAD
PENGURUSAN KUMIPA BERHAD
PERMODALAN BSN BERHAD
PHEIM UNIT TRUSTS BERHAD
PHILLIP MUTUAL BERHAD
PRUDENTIAL FUND MANAGEMENT BERHAD
PTB UNIT TRUST BERHAD
PUBLIC MUTUAL BERHAD
RHB INVESTMENT MANAGEMENT SDN BHD
SAHAM SABAH BERHAD
TA INVESTMENT MANAGEMENT BERHAD

For more detailed information of these UTMC, you can click and go to their website, or you can go toFIMM (Federation of Investment Managers Malaysia) , which is formerly known as FMUTM (Federation of Malaysian Unit Trust Managers). The complete list of the UTMC and their launched unit trust funds are available at this link, http://www.fmutm.com.my/ordinary_members.asp?cid=100057&zid=100009

How to be Unit Trust Consultant

2009-12-27T21:41:00.002+08:00

"Unit Trust Consultant" or "UTC" means an individual who is duly registered with the Federation of Investment Managers Malaysia to market and distribute unit trust funds.

Unit Trust Consultants (UTC) Eligibility

Any person who meets the following requirements is eligible to register as a Unit Trust Consultant (UTC):

•

Must be 21 years old or above;

•

Must possess the minimum qualification of Grade 3 Sijil Pelajaran Malaysia (SPM), or its equivalent, as determined by FIMM;

•

Must be honest, of good character and good repute. In addition, the person must also display efficiency, reliability and a high level of integrity. In this regard, the person must not have been:

•	found by a court or other competent authority to have acted fraudulently or dishonestly;or
•	convicted of a criminal offence; or
•	censured or reprimanded by, or denied or disqualified from membership of a professional or trade body; or a regulatory licence, registration or similar approval has been refused or revoked; and

•

The person must sign a statutory declaration attesting to the above attributes and must not be in breach of the signed statutory declaration at all times.

•

Upon satisfying the requirements, the person must pass the Computerised Unit Trust Examination (CUTE) before being authorised to market and distribute unit trusts. A person who does not satisfy the basic requirements will not be registered to sit for the CUTE.

Rules And Regulations For UTC

UTC Guidelines On Marketing And Distribution Of Unit Trusts
Registration as a Unit Trust Consultant (UTC) requires compliance with all clauses under the Minimum Standards for Registration of UTC, as stipulated in the "Guidelines on Marketing and Distribution of Unit Trust Funds" issued by the Securities Commission, including the requirement to pass the CUTE prior to registration.

Code Of Ethics And Standards of Professional Conduct For The Unit Trust

The registered UTC must comply with all the provisions of the Code Of Ethics And Standards Of Professional Conduct For The Unit Trust Industry at all times.

UTC Application

•

Application to be a registered Unit Trust Consultant (UTC), be it a first time registration or re-registration, must be made through the respective UTMCs, IUTAs or CUTAs. Please note that the documentation listed below may not be exhaustive as each UTMC, IUTA or CUTA may have additional mandatory documentation.

•

Registration for the CUTE and as a UTC

•

For an applicant who has not taken or passed the CUTE, the registration process encompasses both the registration to sit for the CUTE and the registration to be a UTC. Upon passing the CUTE, FIMM will then process the applicant's registration to be a UTC.

•

The following documentation are required by FIMM to process the registration to sit for the CUTE and registration to be a UTC:

•	Duly completed Application Form (click here for the sample)
•	Statutory Declaration for Registration of UTC
•	Two passport-sized colour photographs
•	Fees, as applicable

•

Sighting of the documentary evidence of minimum education, ie SPM certificate or its equivalent is the sole responsibility of the UTMCs, IUTAs and CUTAs. Please refer to the respective UTMCs, IUTAs or CUTAs for the CUTE locations and timetable.

•

Submission to FIMM must be done with complete documentation.

•

Re-registration as a UTC

•

Registered UTCs must resign from their current company before they are allowed to re-register with a new company.

•

The UTC applying for re-registration may be required to fulfil additional requirements prior to being allowed to rejoin the unit trust industry if they have been inactive for more than 1 year from the date of non-renewal, resignation or termination, whichever is earlier.

•

The following documentation are required by FIMM for re-registration of a UTC:

•	Cover letter from company
•	Statutory Declaration for Registration of UTC
•	One passport-sized colour photograph
•	Fees, as applicable

•

The company which is re-registering the UTC may request for other documents such as the FIMM certificate for verification purposes.

•

Submissions to FIMM must be done with complete documents.

Career as Unit Trust Consultant

2009-12-27T18:09:00.008+08:00

1) Great opportunity to earn unlimited income

The local unit trust industry is a multi-billion ringgit industry with huge opportunities in both the cash and EPF markets
For the cash market, the Bank Negara's Report for June 2009 shows individual's conventional and Islamic demand deposits and savings deposits stood at more than RM349 billion. While our national savings rate continues to remain high at 37 percent (Source: The Association Of Banks In Malaysia).
According to EPF 2008 Report, there were over 5.7 million of active EPF members as at end of year 2008.
You determine your own pay cheque. Capitalise on the huge untapped market potential, the sky is the limit for your earning potential!
You will be your own boss.
You have the freedom to build your own team and develop your own business strategies.
You have the freedom to earn as much as you want, there is no limit.

2) Flexible working hours
You are not tied to a 9-to-5 job and have the privilege of dictating your own working hours to suit your needs.

3) Reward and benefits
Unit Trust Management Company provide one of the most competitive incentives and benefits programmes in the industry.
Attractive subsidies, bonuses, awards, public recognition and more.
Go on luxury overseas trips, courtesy of Unit Trust Management Company incentive scheme.

4) Personal development and professionalism.
Agency development training will help you build a business that can provide you financial freedom and a lifestyle of your choice.
Opportunity to create your own group and agency with your associates.

(How to be Unit Trust Consultant)

History & Development Of Unit Trust in Malaysia

2009-12-27T16:42:00.003+08:00

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.

(source: fmutm)

What is Unit trust

2009-12-27T14:00:00.006+08:00

Unit Trust

A unit trust is a form of collective investment constituted under a trust deed.
Found in Australia, Ireland, the Isle of Man, Jersey, New Zealand, South Africa, Singapore[1], and the UK, unit trusts offer access to a wide range of securities.

Unit trusts are open-ended investments; therefore the underlying value of the assets is always directly represented by the total number of units issued multiplied by the unit price less the transaction or management fee charged and any other associated costs. Each fund has a specified investment objective to determine the management aims and limitations.

Structure

-The fund manager runs the trust for profit.
-The trustees ensure the fund manager keeps to the fund's investment objective and safeguards the trust assets.
-The unitholders have the rights to the trust assets.
-The distributors allow the unitholders to transact in the fund manager's unit trusts
-The registrars are usually engaged by the fund manager and generally acts as a middleman between the fund manager and various other stakeholders

Open-Ended

Unit trusts are open-ended; the fund is equitably divided into units which vary in price in direct proportion to the variation in value of the fund's net asset value. Each time money is invested new units are created to match the prevailing unit buying price; each time units are redeemed the assets sold match the prevailing unit selling price. In this way there is no supply or demand created for units and they remain a direct reflection of the underlying assets.

Bid–Offer Spread

The trust manager makes a profit in the difference between the purchase price of the unit or offer price and the sale value of units or the bid price. This difference is known as the bid–offer spread. The bid–offer spread will vary depending on the type of assets held and can be anything from a few basis points on very liquid assets like UK/US government bonds, to 5% or more on assets that are harder to buy and sell such as property. The trust deed often gives the manager the right to vary the bid–offer spread to reflect market conditions, with the purpose of allowing the manager to control liquidity. In some jurisdictions the bid–offer spread is referred to as the "bid–ask spread".

To cover the cost of running the investment portfolio the manager will collect an annual management charge or AMC. Typically this is 1 to 2 percent of the market value of the fund.

Mechanics

A unit is created when money is invested and cancelled when money is divested. The creation price and cancellation price do not always correspond with the offer and bid price. Subject to regulatory rules these prices are allowed to differ and relate to the highs and lows of the asset value throughout the day. The trading profits based on the difference between these two sets of prices are known as the box profits.

OEIC conversion

In the UK many unit trust managers have converted to Open-Ended Investment Companies (OEICs) in recent years. OEICs normally have a single price for purchase and sale, although recent regulatory change now permits dual pricing too, in line with unit trusts.

The motivation for conversion is often cited as a simplification and pre-cursor to offering funds Europe-wide under EU rules.

More cynical observers may have noted that there is increased latitude to hide charges in the OEIC Dilution Adjustment(more commonly referred to as "Swinging Single Price") whilst maintaining the veneer of simplification[citation needed].

History

The first unit trust was launched in the UK in 1931 by M&G. The rationale behind the launch was to emulate the comparative robustness of US mutual funds through the 1929 Wall Street crash. The first trust called the 'First British Fixed Trust' held the shares of 24 leading companies in a fixed portfolio that was not changed for the fixed lifespan of 20 years. The trust was relaunched as the M&G General Trust and later renamed as the Blue Chip Fund (Source M&G).

By 1939 there were around 100 trusts in the UK, managing funds in the region of £80 million. (Source M&G)

For details of the trust origin of the unit trust and its relationship with American mutual funds, see Sin, Kam Fan (1998) The Legal Nature of the Unit Trust. Clarendon Press ISBN 0-19-876468-5

(source - wikipedia)

Contact us

2009-12-18T14:14:00.005+08:00

Feeling like to know us more;

Public Mutual - Kick Off event @ One World Hotel

2009-12-16T18:57:00.019+08:00

Profesional, Young, Focus and Dedicated

2009-12-12T02:04:00.000+08:00

Welcome to Millionaire Warriors blog.