as1m still available except for chi quota.
For bumi, the only option for fixed price fund is as1m, because asm, asd, asw2020 are full.

true also, PNB explaination is not because Indian/ Malay do not want to subsribe to AS1M, but will take time to do it, bear in mind the AS1M Bumi quota is RM5bil, it will take times to filled up....ASD's (which is only for Bumi launched in 2001) fund size is lesser which is RM4.5Bil, and it took 10 years to sell, just fully subscribed now after a century.

SO AS1M bumi quota's RM5bil will take the same time to sell if not more.

we have been discussing this over and over again b4, diff ppl have diff risk appetite. Last year nominal dividend was 6.38% (for 14 months), actual dividend was below 6%, if this return is good for u, then go ahead when it is available.

IMO, as1m will not open up for other races for obvious reason.

asn2 also for bumi.Asn3 open for all. For bumi, asn is better than asn2. The annual reports are downloadable @ asnb website

Asn fund size is bigger than asn2 so asn fund is more diversified. Plus asn can converted to certificate and use as a pledge to apply od from bank. Asn2 not allowed in certificate form.
There is no sales tax for all funds by asnb. For variable price fund they call it sales charge not sales tax.
For variable price products, I prefer public mutual.

haha...maybe u dont look like a Malay, in Semenanjung, many ppl equalise Bumi = Malay.
Just tell the bank staffs u are a bumi, then u will get what u want. AS1M bumi quota will take at least 10 years to sell and finish its quota

keep this thread clean and harmony, try not to make racist comment.

u will not able to see the available units, for both bumi and non bumi, ASW2020, ASD, ASM are fully subscribed. If u used the cimbclicks to buy, the bank will try and error for u, but the service commission is not refundable if the transaction fail

AS1M 6.38% for 14 months, annualised return will be less than 6%
This ASM is for 12 months, full year

asd is also fully subscribed. Performance more or less like asw2020.

didn't u know asd is only for bumi?

asb has unlimited fund size with ind limit capped at 200k
Asd fund size is only rm4.5bil and it was launched in 2001, took 10 years to fully subscribed. It has no ind limit so the rich bumi can dump in any big amount.

ASD and ASB is not interlinked. Like u said, ASB pays better dividend than other funds, so rational investors will max up the ASB 1st b4 considering other ASNB funds.

yes asb loan will be shown in the ccris and it will be affecting your repayment capability

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Added on March 23, 2011, 1:53 pmASNB ANNOUNCED HIGHER INCOME DISTRIBUTION FOR ASG

22 March 2011

Kuala Lumpur - Amanah Saham Nasional Berhad (ASNB), today announced higher rates of income distribution for all the three funds under Amanah Saham Gemilang (ASG), ASG-Pendidikan, ASG-Kesihatan and ASG-Persaraan for the financial year ended 31 March 2011.

Unit holders of ASG-Pendidikan will receive an income distribution of 5.60 sen per unit, ASG-Kesihatan will receive 6.10 sen per unit, and ASG-Persaraan will receive 5.10 sen per unit.

ASNB has allocated a total payment of RM2.4 million for ASG-Pendidikan income distribution this year which will benefit a total of 8,662 unit holders who had subscribed to 43 million units of the fund. Up until 21 March 2011, ASG-Pendidikan had registered a gross income of RM3.07 million. Profit from the sale of shares contributed RM1.52 million or 49.5 percent to the total gross income while dividend income contributed RM1.08 million or 35.2 percent. The rest of the income at RM0.47 million or 15.3 percent is derived from investments in short term instruments.

For ASG-Kesihatan, ASNB has allocated a total payment of RM2.6 million for income distribution this year which will benefit a total of 5,950 unitholders who had subscribed to 43 miilion units of the fund. Up to 21 March 2011, ASG-Kesihatan had registered a gross income of RM3.03 million. Profit from the sale of shares contributed RM1.58 million or 52 percent to the total gross income while dividend income contributed RM1.06 million or 35 percent. The rest of the income at RM0.39 million or 13 percent is derived from investments in short term instruments.

For ASG-Persaraan, ASNB has allocated a total of RM1.1 million for income distribution this year which will benefit a total of 2,773 unit holders who have subscribed to 21 million units of the fund.

Up until 21 March 2011, ASG-Persaraan had registered a gross income of RM1.53 million. Profit from the sale of shares contributed RM0.66 million or 43.1 percent to the total gross income while dividend income contributed RM0.59 million or 38.6 percent. The rest of the income at RM0.28 million or 18.3 percent is derived from investments in short term instruments. All the three unit trust funds under ASG are 'Growth and Income Fund' with different objectives and asset allocation for each of the unit trust fund.

ASG is a variable priced unit trust fund where investors are allowed to buy unlimited number of units in all the three funds. ASG is listed in the Employees Provident Fund (EPF) Members' Investment scheme. The calculation of income distribution for all the three funds under ASG is based on the balance of units as at 31 March 2011 which is the last day of the financial year for each of the funds.

The payment of income distribution for ASG-Pendidikan, ASG-Kesihatan and ASG-Persaraan will be automatically re-invested in the form of units and credited into the unit holders' account based on the NAV of each unit trust on 31 March 2011. For those unit holders who subscribed to the ASG through the EPF Members' Investment Scheme, the income distribution will be credited directly into their respective EPF investment accounts. Transactions at all branches and agents nationwide for all three unit trust funds under ASG has been suspended beginning today, 22 March 2011 to 31 March 2011 to facilitate the calculation of income distribution. ASG unit holders can update their ASG investment pass book at ASNB offices and agents nationwide beginning 1 April 2011.



This post has been edited by cheahcw2003: Mar 23 2011, 01:53 PM

from 216K

yes, for all variable priced mutual funds. price willdrop after the dividend declared.

ASB loan is around BLR -1.65%
ASB return is 7% + 1.5%p.a. bonus, so u can compare the difference in terms of cost and dividen gain.

if u have RM200K in your ASB, take ASB loan and put the 200K in ASD/ASW2020/ASM/AS1M that can give u above 6%p.a. interest, better than FD.

Then you have a positive cash flow from
a) (ASB dividend minus ASB Loan)
b) 200K from ASD/ASW2020

It is a no brainer decision.

all asnb products are equity funds not bond

dont be silly. Cant invest in PNB fund is not the end of the world, there are so many investment alternatives around.

Our Malaysian education system does not teach us wealth management, and how to invest, all just waiting for the govt spoon fed investment scheme, like the one offered by PNB. If we got to invest the fund, we are happy, otherwise, we complain govt about 1M policy, we complain PNB not fair, bla...bla...time to wake up and be realistic, and move on...