Good question, commercial bank take the depositors money to lend it to credit card spender for 12%-18% p.a., and personal loan for > 10% p.a., and only pay to FD depositors for 2-2.5%p.a, commercial banks bearing the risk of borrower default in loans, but "guarantee" a FD interest rate of 2.5% p.a. if u hold the FD till its maturity.

Same applies to PNB, they invest 70-80% of money in stocks, it could be gaining or loosing depends on the stock/index performance. The bottom line is that ASW (one of their fixed priced product) again proves the handsome return of > 6%p.a. for the last 13 years in a row despite the economy turmoil.

Furthermore, the feature is like FD, anytime u want to quit the game, u get back what u have invested plus +ve dividen.

This post has been edited by cheahcw2003: Aug 19 2009, 08:57 PM

PNB nafi kurang sambutan

KUALA LUMPUR 19 Ogos - Tempoh jualan Amanah Saham 1Malaysia (AS1M) yang diperuntukkan kepada para pelabur bumiputera boleh dilanjutkan jika terdapat pertambahan pelaburan dalam unit berkenaan. Presiden dan Ketua Eksekutifnya, Tan Sri Hamad Kama Piah Che Othman berkata, PNB tidak ada masalah untuk menimbangkan perkara itu dan akan memaklumkannya nanti.''Kemungkinan itu ada. Ia bergantung kepada keadaan, sekiranya sambutan AS1M yang diperuntukan kepada pelabur Bumiputera mendapat sambutan dengan pertambahan hari demi hari, kita boleh menimbangkannya,'' katanya.

Setakat ini, 1.926 bilion unit AS1M berjaya dijual dengan pecahan 1.66 bilion atau 56 peratus peruntukan dibeli pelabur Cina dan 178.8 juta atau 12 peratus kaum India. Hamad Kama Piah yang enggan mendedahkan jumlah langganan oleh pelabur bumiputera, hanya berkata: ''Peruntukan bagi pelabur bumiputera masih banyak lagi''.

Ditanya tentang pendekatan yang akan diambil PNB untuk meningkatkan langganan AS1M di kalangan bumiputera, beliau berkata, PNB telah melakukan pelbagai pendekatan melangkaui apa yang sepatutnya dilakukan sebagai tanda komitmen. Namun, beliau juga akan melihat pelbagai strategi lain termasuk cadangan langganan mengunakan caruman Kumpulan Wang Simpanan Pekerja.

from UTUSAN MELAYU

A few findings from the above news:
a) They may keep the Bumi quota after the promotional period on 3rd of Sept, so after the 3rd sept bumi quota may not be opened to other races. But it depends on PNB's descretion.

b) from the statistic given, based on the 1.926 bil unit that already sold, chinese subscribe 1.66bil (86%), indian subscribe 178.8mil(9%), and the rest i.e. referring to Bumiputera in this case, subsribe the remaining of 88mil (around 4%)

c) If AS1M fund is allowed to subsribed using EPF, i guess the fund will be easily filled up as it expect to pay out better dividen than KWSP.

ASW still have rm1.7Bil remain unsold for bumi quota, and ASD (soley for Bumi) still have 1.6Bil units available remain unsold. So i dont see why they want to invest in AS1M that currently 86% of the fund subscribed by chineses, and 9% by indian...FYI, ASW, and ASD has no individual limit, so they can put as much as they want, so it is impossible for them to max ASW or ASD.

PNB: Over 6 Bln Units Available For Purchase
KUALA LUMPUR, July 10 (Bernama) -- Over six billion units from various funds under Permodalan Nasional Bhd (PNB)'s Amanah Saham are still available for purchase by Bumiputeras.

PNB president/group chief executive, Tan Sri Hamad Kama Piah Che Othman, said among the funds available for Bumiputera investors included Amanah Saham Wawasan (1.7 billion), Amanah Saham Didik (1.6 billion), Amanah Saham Nasional (921 million), Amanah Saham Nasional 2 (2.2 billion)

This post has been edited by cheahcw2003: Aug 21 2009, 01:56 PM

I agree with u, if no quota, it will be all finished sapu by 1 race, especially the kiasu type. With this quota and max cap per person, PNB is to ensure that everyone from all etnic get the fair share of the fund. After all, this fund is launched by our PM, will use it for stimulating the country economy, ain case PNB can't sell 30% of the fund size within the 1 month promotion period, eventually it will open to all races, to meet our PM's rm10bil target/requirement.

To me, Chairman's statements to keep the bumi quota on hold after promotion period is just a marketing strategy. He may want to push the kiasu investor to max up now (for those who haven't opened AS1M or haven't max up to rm50K), and max up the 2nd round when it is opened after 3rd sept.

Miles and More, i agree with you.

The dividend will be paid once a year. For example if u put rm1000 now and withdraw rm600 after 3 months, and the remaining rm400 kept till the end of financial year end. Then your rm600 will be calculated 3 months dividend whereas the rm400 will be calculated for 1 full year, on pro-rate basis. Note that ASNB fixed price products' dividen are on monthly basis, meaning the dividend will be based on the lowest balance of the month, so in order to get the full month dividend, u need to deposit on the 1st of the month.

yeah...PNB also advertise full page in all chinese newspaper for few days in a row to encourage ppl to invest....who read chinese newspaper? of course Chinese. Never happened in the history that PNB is so aggresively sell to the chinese commodity where its other funds always finished within few hours.

Maybe RM10bil fund size is too big. Shd start the fund size of RM3bil 1st, if finish only increase the fund size....

This post has been edited by cheahcw2003: Aug 27 2009, 04:35 PM

Masih tertumpu pada ASB, ASN

Oleh NORAINI NORDIN
pengarang@utusan.com.my

KUALA LUMPUR - Kurangnya sambutan bumiputera untuk melanggan unit dana Amanah Saham 1Malaysia (AS1M) kerana minat mereka masih tertumpu kepada pelaburan dalam saham amanah sedia ada termasuk Amanah Saham Bumiputera (ASB) dan Amanah Saham Nasional (ASN).
Selain itu, kaum bumiputera juga berpeluang untuk melabur dalam pelbagai saham amanah lain yang diperuntukkan kepada mereka sejak awal 80-an lagi.Pandangan ini dikemukakan oleh pakar-pakar ekonomi dan ahli akademik ketika diminta mengulas mengenai kurangnya sambutan bumiputera terhadap AS1M yang diumumkan Isnin lalu.

Pakar ekonomi, Datuk Salleh Majid berkata, kurangnya sambutan bumiputera untuk melabur bukan kerana tidak berkemampuan tetapi mempunyai peluang melabur dalam mana-mana saham amanah yang banyak ditawarkan kepada mereka sebelum ini. ''Oleh itu kurangnya sambutan untuk unit-unit saham ini tidak boleh dikaitkan dengan ketidakmampuan bumiputera untuk melabur,'' katanya ketika dihubungi di sini hari ini.

Bekas Presiden Bursa Saham Kuala Lumpur itu berpendapat, sambutan kurang menggalakkan kaum bumiputera terhadap ASM juga tidak boleh dikaitkan dengan ekonomi semasa kerana peratus yang terjejas agak kecil. Pensyarah Kanan Pusat Pengajian Perakaunan Fakulti Ekonomi UKM, Prof. Azmi Harun juga berpendapat, faktor kurang sambutan bumiputera terhadap AS1M juga ada kaitannya dengan saham-saham amanah yang diperkenalkan sebelum ini.

Katanya, bumiputera mempunyai banyak pilihan untuk melabur dalam mana-mana saham amanah yang dibuka untuk mereka. Tambahnya, sambutan kurang mungkin kerana kesedaran kaum bumiputera terhadap kepelbagaian melabur dalam saham-saham amanah yang lain juga agak rendah.Katanya, situasi ini berbeza dengan kaum Cina kerana peluang untuk mereka melanggan saham-saham amanah agak terhad.

Pensyarah ekonomi Kolej Perniagaan Universiti Utara Malaysia, Haim Hilman Abdullah juga memberi pendapat sama iaitu rata-rata bumiputera lebih tertumpu untuk menambah pelaburan dalam ASB atau ASN. Selain itu, katanya, kemampuan bumiputera untuk menabung masih terhad berbanding dengan kaum Cina. Katanya, kebanyakan kaum bumiputera di negara ini masih lagi bergelut dengan keperitan hidup terutama yang tinggal di kawasan bandar.

''Kos hidup tinggi juga menjadi faktor yang menghalang mereka untuk melabur dalam amanah-amanah saham yang diperkenalkan,'' katanya.

Ahli akademik yang juga Pensyarah Kolej Undang-Undang Kerajaan dan Pengajian Antarabangsa UUM, Mad Shukri Shuib berkata, kurangnya sambutan bumiputera terhadap AS1M bukan tanda penolakan kepada amanah saham tersebut. Sebaliknya beliau berpendapat bumiputera lebih cenderung memilih ASB dan ASN kerana pulangan dividen tinggi dan mudah diuruskan.

''Mungkin juga kebanyakan bumiputera suka melabur dalam satu tabungan sahaja kerana bagi mereka lebih mudah untuk menguruskan kewangan tersebut,'' katanya.

from thestar website, it stated that >2bil units of AS1M was subscribe to date. The max individual cap of 50K/100K will be removed from 4th sept, but the quota for each etnic will be remained till 30 sept, means if u r a chinese, after 4 sept, u can put in as much as u want until overall chinese quota reach rm3bil (or 30% of the fund size). Other races shd not have any problems to top up as the fund is too big.

This make a lot of investors worry especially those who has invested in AS1M.....sound like UMNO want to just "finish" the fund by giving out the rm10bil if it is not sellable by 30 sept. This proposed RM100 mil is given to the urban poor group (not the rural poor group). The things is how do u define urban poor group? Many ppl aware that BN has weaker support from Urban Bumiputera compared to the Rural Bumiputera, this action has more political implications and to gain the popularity.....

i also think the same, ASW non-bumi quota already fully taken up. If the government wants to help the poor regardless of race, with 1Malaysia concept, AS1M is more suitable.

bumi born outside malaysia also eligible to invest. you can check the pnb website at www.asnb.com.my under the Eligibility Q&A session, it has clear description on eligibility to invest for Malaysian born outside malaysia

September 11, 2009 16:22 PM

PNB Plans Mixed Development Project Near Merdeka Stadium

KUALA LUMPUR, Sept 11 (Bernama) -- Permodalan Nasional Bhd (PNB) will intensify its investment in the property sector by developing its 7.2-ha land near Merdeka Stadium.

Group president and chief executive Tan Sri Hamad Kama Piah Che Othman said the mixed development project would start next year.

Property was a new source of income for the company and "PNB will intensify its property investment because we want to ensure each property belonging to PNB brings suitable returns," he said.

PNB would ensure the project meet market expectations and give added value to its investment, he told reporters after giving away donations to seven orphanages in Selangor here on Friday.

On Amanah Saham 1Malaysia, Hamad Kama Piah said about 2.4 billion units had been subscribed so far.
The unit trust was launched by Prime Minister Datuk Seri Najib Tun Razak on July 31 with a size of 10 billion units.

-- BERNAMA

Now PNB also involve in property development? is this what AS1M allocated for?

if u invest in AS1M, u can also withdrawl the money as and when u need it, the dividen is based on the lowest balance of the month, but only pay out once a year on its financial year end, as long as your account remain active, u will get your share of dividen.

ASB/ASD: fixed price fund at rm1, only for bumiputera
ASW2020/ASM: fixed price fund at rm1, 51% for bumiputra, 49% for non-bumi
ASN/ASN2: variable price products, only for bumi
ASN3/ASG: variable price, no quota, for all malaysian
AS1M: fixed price at rm1, newly launched, bumi 50%, chinese 30%, indian 15%, others 5%

all of the above are growth fund with 50% to 90% in Malaysian Equity mainly investing in GLC, PNB does not have overseas exposure to date.
You can read the website www.asnb.com.my for the recent fund performance. For fixed price products, ASB outperform the other funds judging fr the historical record. For the variable price products like ASN/ASN2/ASN3/ASG, there is no different from other equity funds from other private mutual fund companies. The initial sales charge for these variable products are 5%, if u invest using EPF fund, it will be 3%.

AVAILABILITY
if u are a bumi, all funds are available except for ASM which already fully subscribe. If u r a non bumi, only AS1M is avail for fixed price products. ASN3/ASG (variable products) are also available for non-bumi

This post has been edited by cheahcw2003: Sep 22 2009, 05:14 PM

haha, darknight81,

Don't you think dreamer is the smartest investor in the world? Even better than Jim Rogers and Buffett? He does not need any fund manager to manage his funds as his strategy and research/home work done is always much better than these fund managers. The only investment that he is not good for now is palm oil, and he will master it soon, as he has the intelligence. So dont ever challence the investment guru that claimed himself patriotic to this country (a ture Malaysian) and channel out 80%-90% of his wealth to overseas.

At once someone asked him if he invests in PBB stocks or Public Mutual, he answered that average investors will invest in Public Mutual by paying expensive fees to this so called fund manager, and he is much smarter than the average investors as he buy PBB stock direct and get the share of the profit from the Public mutual, he therefore earns the Public Mutual's profit as a PBB shareholder. I have no choice but to agree with him that millions of Public Mutual investors are stupid and he is the smartest.....

Some reading on PNB


PNB ready to help its group of firms expand
By Shahriman JohariPublished: 2009/08/24

Permodalan Nasional Bhd is ready to help its companies expand although the state-owned fund manager wants more of its income to come from dividend payouts, its chief said. This could be in the form of additional investments in its companies that are among Malaysia's biggest.

PNB, through its unit trust funds, controls companies like top lender Malayan Banking Bhd, plantation giant Sime Darby Bhd and UMW Holdings Bhd, an auto and oil and gas group. There are concerns that PNB may be limiting the growth of its companies by squeezing more dividends from them when the stock market is not doing well. PNB uses the dividends and money made from share trading to distribute income to its 9.5 million investors who have stakes in its unit trust funds.

"When they need money, that is also an opportunity for PNB to increase its investments," chief executive Tan Sri Hamad Kama Piah Che Othman told Business Times in an interview recently. Malaysia's stock market fell 40 per cent in 2008 as investors braced themselves for a global recession. However, PNB, which manages more than RM120 billion in assets, have been able to pay good rates to investors.

Apart from buying and selling stocks, PNB has also relied a lot on dividend payouts from its listed companies to improve its income. This will continue, Hamad said, and PNB would want to see even more of its income coming from dividends. "We want a lot from dividends. If it was 40 per cent (of total income) then, now we want it to be around 60-70 per cent. Automatically we will become more stable," he said.

Although critics say this could hurt the chances of PNB companies expanding in a downturn with less cash, Hamad argues that there are two ways to deal with this. One is for the company to plan ahead as it would know how much to budget for expansion and for dividends. Second is to tap PNB for funds that it needs.

asb is the best perform fixed price products of PNB based on its track record, but only for bumi, if u r a non bumi, the only option now is AS1M.

Seems that only those who has access to the audited account know the real situation in PNB, ASx funds are not as transparent as other private mutual funds companies. So u need to judge by yourself. And splits your eggs into few baskets.

Based on your theory, ASD/ASN/ASN2 also safe as it is solely for Bumi only. If ASB sinks these 3 funds will sink together