What is a unit trust consultant?

What is a unit trust consultant?

Unit Trust Consultants (UTC) “Unit Trust Scheme Consultant” or “UTS Consultant” means an individual who is duly registered with the Federation of Investment Managers Malaysia (FIMM) to market and distribute Unit Trust Fund. You can ascertain whether any of our staff whom you are dealing with are qualified individuals.

What is unit trust Public Mutual?

Unit trust is a collective investment scheme that allows investors with similar investment objectives to pool their funds together. These funds will be invested by professional fund managers in a portfolio of securities according to the fund’s objective and investment strategy.

Is Public Mutual under public bank?

As a wholly-owned subsidiary of Public Bank, we enjoy strong support from our parent company and the established PB Brand.

Can you lose money in unit trusts?

You may lose a substantial amount of the money you invested in certain situations. The risks of investing in the fund are described in the product offering documents such as the prospectus and the product highlights sheet. Fees can also reduce your returns.

How many unit trust consultants are there in Malaysia?

670 unit trust funds
According to the Securities Commission Malaysia, there are 670 unit trust funds in the market with a total net asset value (NAV) of RM467.

Can you lose your money in a mutual fund?

With mutual funds, you may lose some or all of the money you invest because the securities held by a fund can go down in value. Dividends or interest payments may also change as market conditions change.

How long does withdrawal from public mutual take?

Redemption proceeds will be banked in within 2 business days from our date of receipt of redemption request.

How do I withdraw PRS from Public Mutual?

PRS Members can submit the withdrawal request and documents via:

1. Complete the PRS Withdrawal Form for PTD/SD/MD.
2. Proof of withdrawal from Employee Provident Fund (EPF) or Social Security Organisation (SOCSO)(Medical Report is not required)

What are the disadvantages of unit trust?

Disadvantages of Unit Trusts

• Unit Trusts are not allowed to borrow, therefore reducing potential returns.
• Bid/Ask prices exist – with the price that you can buy a unit for usually higher than the price you can sell it for – making investment less liquid.
• Not good for people who want to invest for a short period.

Do unit trust pay dividends?

Returns from unit trusts Some funds pay dividends. The price of each unit is based on the fund’s net asset value (NAV) divided by the number of units outstanding.

When did public mutual start?

1975
Public Mutual was founded in 1975 and based in Kuala Lumpur, Malaysia.