Pre Investment Form By FIMM
As of 15th February 2010, The Federation of Investment Managers Malaysia (FIMM) requires all investor to sign read and acknowledge a new form called "Pre Investment Form" for every new Investment and Switching into a new fund.
The forms come in two version which is in Bahasa Malaysia and English. There are 5 question in the form which investors have to tick "Yes" in order for them to invest. If you tick "No" the unit trust companies will not accept your investments.
The following are the questions:
1) You can buy unit trusts either through a Unit Trust Consultant (UTC), Institutional
Unit Trust Advisers (IUTA), Corporate Unit Trust Advisers (CUTA) or directly from Unit Trust Management Company (UTMC) or online, but each has different sales charge and level of service. Choose the one that best suits your needs.
2) If you redeem your units in a unit trust fund and then purchase units in another, you will probably have to pay a sales charge. However, if you switch from one fund to another managed by the same UTMC, it is likely that you may not have to pay any sales charge. Ask about switching before you redeem.
3) Different types of unit trust funds carry different levels of risk. Some are higher in risk than others. Ask about the risks before investing in a fund. Make sure you know what your fund is investing in.
4) If you are a first time investor in a UTMC, you may be eligible for cooling-off rights,
whereby you can change your mind within six (6) business days after investing and withdraw your unit trust investment. Ask about your eligibility for cooling-off.
5) Your UTC may represent a company that uses a nominee system and your rights as a unit holder may be limited if you invest in unit trust funds through it. If his or her company uses a nominee system, ask if your rights as a unit holder will be
limited in any way.
If you want a copy of the form go to FIMM's website http://www.fimm.com.my/content.asp?id=100080&zid=100079 to download.
So now you know, lets Go Out and Play!
The forms come in two version which is in Bahasa Malaysia and English. There are 5 question in the form which investors have to tick "Yes" in order for them to invest. If you tick "No" the unit trust companies will not accept your investments.
The following are the questions:
1) You can buy unit trusts either through a Unit Trust Consultant (UTC), Institutional
Unit Trust Advisers (IUTA), Corporate Unit Trust Advisers (CUTA) or directly from Unit Trust Management Company (UTMC) or online, but each has different sales charge and level of service. Choose the one that best suits your needs.
2) If you redeem your units in a unit trust fund and then purchase units in another, you will probably have to pay a sales charge. However, if you switch from one fund to another managed by the same UTMC, it is likely that you may not have to pay any sales charge. Ask about switching before you redeem.
3) Different types of unit trust funds carry different levels of risk. Some are higher in risk than others. Ask about the risks before investing in a fund. Make sure you know what your fund is investing in.
4) If you are a first time investor in a UTMC, you may be eligible for cooling-off rights,
whereby you can change your mind within six (6) business days after investing and withdraw your unit trust investment. Ask about your eligibility for cooling-off.
5) Your UTC may represent a company that uses a nominee system and your rights as a unit holder may be limited if you invest in unit trust funds through it. If his or her company uses a nominee system, ask if your rights as a unit holder will be
limited in any way.
If you want a copy of the form go to FIMM's website http://www.fimm.com.my/content.asp?id=100080&zid=100079 to download.
So now you know, lets Go Out and Play!
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