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Another reason why many aren't too excited about investing into PRS is the lack of track records for these newly launched funds.
Since it's been close to 3 months from the launch of all 23 PRS funds, I thought it might be a good time to sneak a peek into the performance of these funds. Before that, if you've not heard of PRS, read up about it HERE.
Since it's been close to 3 months from the launch of all 23 PRS funds, I thought it might be a good time to sneak a peek into the performance of these funds. Before that, if you've not heard of PRS, read up about it HERE.
PRS Fund Performance According to Fund Houses
Shown below is a table of PRS Fund performance according to respective fund houses:
Funds under
CIMB-Principal Asset Management
|
Fund Launch Date
|
Launch Price
(RM/unit) |
Price as of 4th Feb 2012
|
Returns (%)
|
CIMB Principal PRS Plus
Equity A
|
12-Nov-12
|
0.50
|
0.4862
|
-2.76%
|
CIMB Principal PRS Plus Conservative
|
12-Nov-12
|
0.50
|
0.4947
|
-1.06%
|
CIMB Islamic PRS Plus
Equity A
|
12-Nov-12
|
0.50
|
0.4931
|
-1.38%
|
CIMB Islamic PRS Plus
Growth A
|
12-Nov-12
|
0.50
|
0.4938
|
-1.24%
|
CIMB Islamic PRS Plus
Conservative A
|
12-Nov-12
|
0.50
|
0.4993
|
-0.14%
|
CIMB Principal PRS Plus
Moderate A
|
12-Nov-12
|
0.50
|
0.4881
|
-2.38%
|
CIMB Principal PRS Plus
Growth A
|
12-Nov-12
|
0.50
|
0.4874
|
-2.52%
|
CIMB Islamic PRS Plus
APAC Ex Japan
|
12-Nov-12
|
0.50
|
0.5103
|
2.06%
|
CIMB Islamic PRS Plus
Moderate A
|
12-Nov-12
|
0.50
|
0.4955
|
-0.90%
|
CIMB Principal PRS Plus
APAC Ex Japan
|
12-Nov-12
|
0.50
|
0.5341
|
6.82%
|
Funds under Hwang
Investment Management Berhad
|
Fund Launch Date
|
Launch Price
(RM/unit) |
Price as of 4th Feb 2012
|
Returns (%)
|
Hwang PRS Conservative
|
2-Nov-12
|
0.50
|
0.5023
|
0.46%
|
Hwang Aiiman PRS Shariah
Growth
|
2-Nov-12
|
0.50
|
0.5031
|
0.62%
|
Hwang PRS Moderate
|
2-Nov-12
|
0.50
|
0.5083
|
1.66%
|
Hwang PRS Growth
|
2-Nov-12
|
0.50
|
0.5194
|
3.88%
|
Funds Under Manulife
Asset Management Services Bhd
|
Fund Launch Date
|
Launch Price
(RM/unit) |
Price as of 4th Feb 2012
|
Returns (%)
|
Manulife PRS-Moderate A
|
19-Nov-12
|
0.50
|
0.4966
|
-0.68%
|
Manulife PRS-Growth A
|
19-Nov-12
|
0.50
|
0.5011
|
0.22%
|
Manulife PRS-Conservative
A
|
19-Nov-12
|
0.50
|
0.4999
|
-0.02%
|
Funds Under Public Mutual
Berhad
|
Fund Launch Date
|
Launch Price
(RM/unit) |
Price as of 4th Feb 2012
|
Returns (%)
|
Public Mutual PRS Growth
|
26-Nov-12
|
0.25
|
0.2505
|
0.20%
|
Public Mutual PRS
Moderate
|
26-Nov-12
|
0.25
|
0.2505
|
0.20%
|
Public Mutual PRS Islamic
Growth
|
26-Nov-12
|
0.25
|
0.2500
|
0.00%
|
Public Mutual PRS
Conservative
|
26-Nov-12
|
0.25
|
0.2505
|
0.20%
|
Public Mutual PRS Islamic
Conservative
|
26-Nov-12
|
0.25
|
0.2504
|
0.16%
|
Public Mutual PRS Islamic
Moderate
|
26-Nov-12
|
0.25
|
0.2503
|
0.12%
|
Observation:
- Among all 23 funds, the best performing so far comes from CIMB Principal PRS Plus Asia Pacific Excluding Japan with +6.82% gain.
- Second best performing comes from Hwang PRS Growth fund at +3.88% gain.
- The worst performing fund belongs to CIMB Principal PRS Plus Equity fund, losing -2.76% of its NAV.
- It is extremely vital to take note that fund performance differs due to the nature of investment, risk and also location where funds are invested.
PRS Fund Performance Sorted According to Geographical Focus
Ranking
|
Asia Pacific Excluding Japan
|
Fund Launch Date
|
Returns (%)
|
Risk Factor
|
1
|
CIMB Principal PRS Plus
APAC Ex Japan
|
12-Nov-12
|
6.82%
|
9 / 10
|
2
|
Hwang PRS Growth
|
2-Nov-12
|
3.88%
|
7 / 10
|
3
|
CIMB Islamic PRS Plus
APAC Ex Japan
|
12-Nov-12
|
2.06%
|
9 / 10
|
4
|
Hwang PRS Moderate
|
2-Nov-12
|
1.66%
|
5 / 10
|
5
|
Manulife PRS-Growth A
|
19-Nov-12
|
0.22%
|
7 / 10
|
6
|
Manulife PRS-Moderate A
|
19-Nov-12
|
-0.68%
|
5 / 10
|
Ranking
|
Equity Malaysia
|
Fund Launch Date
|
Returns (%)
|
Risk Factor
|
1
|
Hwang Aiiman PRS Shariah
Growth
|
2-Nov-12
|
0.62%
|
9 / 10
|
2
|
CIMB Islamic PRS Plus
Equity A
|
12-Nov-12
|
-1.38%
|
9 / 10
|
3
|
CIMB Principal PRS Plus
Equity A
|
12-Nov-12
|
-2.76%
|
9 / 10
|
Ranking
|
Mixed Asset Aggressive (Malaysia)
|
Fund Launch Date
|
Returns (%)
|
Risk Factor
|
1
|
Public Mutual PRS Growth
|
26-Nov-12
|
0.20%
|
7 / 10
|
2
|
Public Mutual PRS Islamic
Growth
|
26-Nov-12
|
0.00%
|
7 / 10
|
3
|
CIMB Islamic PRS Plus
Growth A
|
12-Nov-12
|
-1.24%
|
7 / 10
|
4
|
CIMB Principal PRS Plus
Growth A
|
12-Nov-12
|
-2.52%
|
7 / 10
|
Ranking
|
Mixed Asset Balance (Malaysia)
|
Fund Launch Date
|
Returns (%)
|
Risk Factor
|
1
|
Public Mutual PRS
Moderate
|
26-Nov-12
|
0.20%
|
5 / 10
|
2
|
Public Mutual PRS Islamic
Moderate
|
26-Nov-12
|
0.12%
|
5 / 10
|
3
|
CIMB Islamic PRS Plus
Moderate A
|
12-Nov-12
|
-0.90%
|
5 / 10
|
4
|
CIMB Principal PRS Plus
Moderate A
|
12-Nov-12
|
-2.38%
|
5 / 10
|
Ranking
|
Mixed Asset Convervative (Malaysia)
|
Fund Launch Date
|
Returns (%)
|
Risk Factor
|
1
|
Hwang PRS Conservative
|
2-Nov-12
|
0.46%
|
3 / 10
|
2
|
Public Mutual PRS
Conservative
|
26-Nov-12
|
0.20%
|
3 / 10
|
3
|
Public Mutual PRS Islamic
Conservative
|
26-Nov-12
|
0.16%
|
3 / 10
|
4
|
Manulife PRS-Conservative
A
|
19-Nov-12
|
-0.02%
|
3 / 10
|
5
|
CIMB Islamic PRS Plus
Conservative A
|
12-Nov-12
|
-0.14%
|
3 / 10
|
6
|
CIMB Principal PRS Plus Conservative
|
12-Nov-12
|
-1.06%
|
3 / 10
|
Observation:
1. Once we have divided the funds according to the Geographical Focus, the performance among different PRS fund is easier to for comparison.
2. As expected, the best performing funds with positive returns are funds invested in Asia Pacific excluding Japan.
3. Considering that PRS is a long term investment and can only be redeemed upon retirement, investors should be selective and practice caution in selecting the right fund and right fund category to invest in. Risk factor should also be considered when making a decision.
I hope that this simple performance comparison for PRS funds will help you decide on which PRS fund to invest in. As for me, I will be considering to allocate a small portion for PRS in order to maximize the benefit of tax relief. Perhaps you should do the same?
Cheers and Happy Investing!
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