I open ASW 2020 account in 1996, since then i never changed my book because never take out the money. I read at the book cover stated that u can only withdraw only 4 times per year. I dunno whther it still applied now or not

This post has been edited by hackqym: Nov 15 2009, 10:09 AM

You only need to change your passbook when it has ran out of pages. Anyway, we need to update it only once a year (assume if you are in for long term). So we won't need to change passbook for a very very long time

Withdraw 4 times a year? Don't think they care about that...

Anyone know when is the financial year ending for the AS1M?

30 sept

5.5 sen income per unit for ASN 3 fund

PNB has declared an income distribution of 5.5 sen per unit for its ASN 3 fund for the financial year ended Nov 30 2009.

Income distribution will involve a total payment of RM6.92 mil.


URL: http://www.btimes.com.my/Current_News/BTIM...icle/index_html

It's about time of the year again ... I mean ASB

is this true?

yes for all malaysian, and it is a variable price products like other private mutual fund companies' fund

---

Added on November 20, 2009, 9:52 pmNovember 20, 2009 18:02 PM

Chinese Community Subscription Quota Of AS1M Unit Trust Scheme Touches 80 Per Cent

KUALA LUMPUR, Nov 20 (Bernama) -- Permodalan Nasional Bhd (PNB) said today the Chinese community subscription quota of Amanah Saham 1Malaysia (AS1M) unit trust scheme has touched 80 per cent. The Indian community quota has reached 20 per cent, said PNB Chief Executive Officer Tan Sri Hamad Kama Piah Che Othman said. The Chinese were allocated 30 per cent of the 10 billion units, 15 per cent to Indians and five per cent to other ethnic groups.

Subscription by Bumiputeras, who were allotted 50 per cent units, was still low probably due to the wide choice of buying from other unit trust schemes like Amanah Saham Bumiputera, also managed by PNB. He, however, did not state the percentage.

He was asked on the subscription progress of AS1M unit trust scheme launched by Prime Minister Datuk Seri Najib Tun Razak on July 31. On whether the quota system would be scrapped and open to all races due to lukewarm response to AS1M so far, Hamad Kama Piah said PNB might consider the probability. Nevertheless, he said, the people might be interested to buy after seeing the first dividend to be announced next year.
So far, PNB has sold 2.8 billion AS1M units.

The 10 billion-unit AS1M is the biggest unit trust scheme launched by PNB, the country's largest fund manager. The units are sold at RM1 each.
Hamad Kama Piah had said earlier the fund would be invested in Malaysian companies with its yield benchmark according to the 5-year Malaysian Government Securities which currently hovers around 3.7 to 4 per cent. Hama Kama Piah was met in a "session-with-the media" following the announcement of 5.5 sen per unit income distribution for Amanah Saham Nasional 3 (ASN3) for the financial year ending Nov 30, 2009.

-- BERNAMA


This post has been edited by cheahcw2003: Nov 20 2009, 09:52 PM

Hmmm....time to goto the bank tomorrow.

Although, I wonder if PNB would be flexible enough to lift up the quota cap after the 1st year. It would be great in the long-term.

i would say it depends how desperate PNB needs to reach the RM10billion target. This fund is launched by our PM, if our PM insist to reach the target given a certain period of time, then i dont see any reason the AS1M etnic quota will stay. Furthermore, PNB already lift up the 51%(bumi):49%(non bumi) ratio for A.S. Malaysia earlier this year.