Since AS1M is fixed price, is the dividend pro-rated as per your time invested in it? In other words, if I invest 6 months later (of course assuming still got units for sale), does it mean that I get 1/2 the declared dividend?

Thanks.

Yes, should be.

Same with EPF calculation, saving book calculation.

the dividen calculation is based on this formula
[ (the lowest balance of each months/ 12) x % dividen declared]

To maximise the dividen earning and enjoy full month interest, u need to bank in the cash in the 1st day of the month, simultanously dont withdraw any money until the 1st day of the following months.

print on it.

Its better if we bank in the last day of the month though to gain the maximum calculation on next month.

Only one thing can I say about low take up rate among non-Chinese (esp Indian, Bumi won't be thinking of investing because ASB give very2 high dividend every year). The Indian quota won't be finishing anytime soon even after the 30 day promotion period. The Indian people don't have anymore money to invest. Deepavali is around the corner, and most companies won't be giving any bonuses this year / reduced monthly salary because of economic situation. Children will be going school next year, need money for them. Another more, most Indian average salary is only around Rm300 - RM2800, depending on the work they do. ONLY FEW HAVE BIG SALARY (ie Rm10,000+++). So you all can calculate how much the investing power of Indians. SORRY, BUT THIS IS THE TRUTH.

The unusual slow take up rate among the Chinese is because:
1. Wait and See attitude
2. News going around telling AS1M paying only 3.7 - 4% dividend per year
3. Money@savings have finished because have invested in Sukuk, ASM (1st round), ASW,
ASM (2nd round-bumiputera qouta open to all)
4. Other economic factors


Happy Investing

Thank You.

true, last day of the month or 1st day of the following month also can, already checked with PNB.
Of course if u want to make sure and play safe, bank in on the last day of the month, mana tahu 1st day of the month bank system hang, then kaput lah....

Many also have their money locked in structured investments.

This post has been edited by MilesAndMore: Aug 14 2009, 07:04 PM

PNB officer called me today, asked me if i am interested to invest in AS1M, she said AS1M still got around RM1bil for chinese quota, those who has not yet invested, still can invest....

Why did they call u up? Getting so desperate until need to invite potential buyers to invest.

i am a regular investor for their other products, and i know their Sales officer, she asked if i have invested in AS1M, i said i have not. Then she commented normally new fund will declare good return for the 1st year, if have excess fund can consider to invest......just a friendly call from her,
i dont think she need to push AS1M, so many chinese that already invested and max for the 1st round is waiting for the 2nd round of release after 3rd Sept.....they dont have problem to sell to chinese, only have problems to sell to other races i guess.

If the government announce today that minimum dividend is 5%, then the chinese quota will be finished by tomorrow morning. It is because of this uncertainty that the chinese do not dare to invest a lot.

August 18, 2009 20:58 PM

1.9 Billion AS1M Units Subscribed


PUTRAJAYA, Aug 18 (Bernama) -- Permodalan Nasional Bhd (PNB) announced Tuesday an estimated 1.9 billion Amanah Saham 1Malaysia (AS1M) units have been subscribed since it opened for public subscription on Aug 5, 2009.

Its President and Group Chief Executive, Tan Sri Hamad Kama Piah Che Othman, said 10 billion AS1M units, priced at RM1 per unit, is being offered for sale to all Malaysians aged 18 years and above.

"So far, about 1.9 billion AS1M units have been sold. There is still a lot more units available for subscription," he told reporters after handing over prizes to winners of PNB Investment Quiz 2009 here tuesday.

Malaysians, aged 55 and below, can purchase a maximum of 50,000 units while those above 55 years can subscribe up to 100,000 units of the units which was launched by Prime Minister Datuk Seri Najib Tun Razak on July 31, 2009.

The fixed income fund has similar features as Amanah Saham Wawasan 2020 and Amanah Saham Malaysia.

-- BERNAMA
http://www.bernama.com/bernama/v5/newsbusiness.php?id=433958

I think this time around, the RM3bil allocated to Chinese are rather difficult to be fully subscribed by Chinese by 3rd Sept.

Additional comment by the president from Utusan Melayu.

1.9 bilion unit AS1M terjual sejak Julai

PUTRAJAYA 18 Ogos - Permodalan Nasional Berhad (PNB) hari ini berkata sejumlah 1.9 bilion daripada 10 bilion unit dana Amanah Saham 1Malaysia (AS1M) berjaya dijual sejak diperkenalkan hujung Julai lalu. Presiden dan Ketua Eksekutif Kumpulan PNB, Tan Sri Hamad Kama Piah Che Othman berkata, pembelian itu agak perlahan itu mungkin disebabkan para pelabur berpotensi mahu melihat prestasi amanah saham itu terlebih dahulu.

''Ini bukan kerana kurang promosi tetapi berdasarkan aliran sebelum ini (pelancaran dana-dana amanah saham PNB) baru kita keluar akan mengambil masa kerana pelabur mahu melihat prestasi amanah saham itu. ''Saya berharap para pelabur turut melihat prestasi PNB dan dana-dana amanah saham yang telah diperkenalkan oleh kami sebelum ini," katanya. Beliau berkata demikian pada sidang akhbar selepas menyaksikan Pertandingan Akhir Kuiz Pelaburan PNB 2009 (Kategori Universiti) yang disempurnakan Timbalan Menteri Pengajian Tinggi, Datuk Saifuddin Abdullah di sini, hari ini.

Dana ekuiti itu mempunyai ciri-ciri seperti dana harga tetap lain iaitu Amanah Saham Wawasan 2020 (ASW 2020) dan Amanah Saham Malaysia (ASM).

I think most of them run out of money already

i have similar thought....maybe plan to place and cabut after 1 year declare div.
high probability of 3.5 % - 4% returns vs opportunity cost of 2.6% 1 year FD rate

ASW 2020 annual report has been released. 2009 dividend declared 6.3 cent per unit. Higher than FD.

The lowest since launched. Still good nonetheless.

This post has been edited by MilesAndMore: Aug 19 2009, 03:30 PM

sauce please

Sauce ????

Anyway, here you go > ASW2020 YEAR 2009 DIVIDEND

This post has been edited by MilesAndMore: Aug 19 2009, 03:40 PM