Because they expect many coming into this thread are Bumi. If you are not a Bumi, identify yourself and new suggestion will follow suit soon.


ASW2020, ASM and AS1M. None of these are equal to ASB but they are the closest possible. All these three funds are fixed price funds and the dividend declared are pretty good. Usually at least 6%.

Yes. AS1M for Indian is still available.

So far it is still free.

It is not as good as other fixed price funds such as ASW2020 and ASM but it is still much better than regular fixed deposit.

Missed this question earlier. Anyway, yes. You will need to provide your IC and tell them you'd like to buy AS1M. They will give you a form to fill.


No. All are fully subscribed.

Yes

Enron's accounts were audited by Arthur Andersen, one of the Big Five audit firms once upon a time. Anyway, just look at Bernard L. Madoff Investment Securities LLC. This company has been around for 38 years before its collapsed and its accounts had been audited too throughout the 38 years. Bernard Madoff did not want audit firm from outside to audit the company's account, citing secrecy as the reason. Some people have been questioning the return of its funds back in the 90s but of course, it managed to survived for another 10+ years. Well done Madoff & Co

By the way, funds managed by his company had been consistently declaring an average annual return of 10% too all those years


Well said.

Yes. You will.

No problem.

Why do you want to withdraw it ? Judging from your username, i guess you're a Malay right ? Have you maxed out on your ASB ? After ASB, you should try to invest in other fixed price funds such as ASW2020 and ASD. However, both are sold out now. The next option is this AS1M which you already have now. My advice is to keep your money in there for the time being as fixed deposit rates are so low now. This fund, whilst doesn't perform as good as ASW2020, ASM or ASD, is still much better than fixed deposit.

Oh right. I totally forgot about the minimum units thingy. Thank for pointing it out

Next Monday

But there isn't any ASW2020 unit available now

Is the queue at Maybank, CIMB Bank and RHB Bank still crazy like yesterday ? Is CIMB Bank imposing RM10,000 maximum cash withdrawal now ?

Or to dump the dividend + bonus earned to other investment products.

Ah ... thanks for confirming this

Yes. There is a handling charge though.

Wrong thread bro. This is an endowment plan you are looking for.

ASW2020 is fully subscribed. As for AS1M, only the Indian and Bumi ones are still available.

An interesting info. Thanks for sharing. Will google it

I've read a bit last night but there is something i really want to know. Is it not fixed price fund right ? I mean it is a bit like unit trust too ? Because like Public Mutual unit trust, the dividend usually are very high but it all depends on when did you buy your units. The dividend declared every year might not even be enough to cover your depreciating NAV value.