The chairman has annouced recently they will be no increase of fund size for any fixed price fund this year. They are now promoting the variable price products to non bumi. The chairman also mentioned that bumi portion for AS1M still plenty.

why not u try ASD? it pays the same dividend as ASW2020, both are full, but u can always try and error.
Najib just anouce that they want to lend to poor bumi to invest in AS1M, because this fund "tak laku" among bumi, so i guess the return will be the same as ASM, otherwise how to attract Bumi/Indians' interest to fill up the funds?

ASW2020 fund's life is not until year 2020 man, it will grow perpetually.....
u can have any fund name with numbers....

wrong thread

This happened to all commercial banks, private mutual funds companies, EPF, not only PNB funds

31 March is the financial year of ASM, means the dividend will be paid out on the following day, i.e. 1 April.

The fund size is RM13bil, it will be only available to invest if someone withdraw. For the time being, all funds are full for non-bumi.

And from the recent anoucement by the ASNB chairman, there will be no subscription opening for any fixed priced fund for non bumi for this year. So u need to find other alternatives for investment.

yes, u r right. Historically, there is a fixed gap in between the ASB dividend payout (or any other ASNB's fund) and BLR, they are possitively correlated.

this is one of the reasons. the main reason is the monetary policy and understanding of how our interest rate works.
interest rate is an indicator of how the economy performs, usually when the economy is in the bad shape center bank will lower the interest rate to spur the economy, for example in 2008-2009, the interest rate is at historical low both in USA and in many asia countries. When interest rate increase gradually, it is the sign of economy recovery/improvement. like what we are experiencing now, OPR and BLR increased by 25 basis point every now and then.

back to ASB, the ASB (or any ASNB fund) dividend increase also due to the economy sentiment, KLSE index performance, dividend payout.
When economy improving, interest rate increase, KLSE index also increase (at historical height now), and firms tend to pay more/better dividen. that is the main reason.

mind to show us the evidence?

trust me, if they are the true blue businessman they will not keep the money in ASB. 7%+1% is nothing to a businessman.
A retired businessman, maybe...

very very true, when available for 6 months, nobody want to grasp, when sold out only complain...unfair here, unfair there...

FYI, ASB (or any fixed price fund of ASNB) is not a fixed income fund or vehicle, it just pays dividend every year. 90% of the funds investing in equity, so it is considered an equity funds.

My defination of businessman is different level than yours, I don't think tan Sri teh hongpiow, or tan Sri Vincent tan will invest in any asnb funds. They are the true blue bizman in my definition.

Those selling Nasi lemak or kacang Putih on the street is not the true blue bizman by my definition.

There is no way that ASB could be deemed or qualified for a fixed income catagory, if u r financial savvy, u will know what i meant. Fixed income/Bond have the following criteria.
a) the face value could be sold under discount value, or at premium value.
b) it pay out fixed dividend @ agreed coupon rates, say 5% or 10%, and the issuers have the obligation to pay the periodical dividend, and principal + dividend at the end of bond's maturity.
c) bond/fixed income are allowed to be traded in the secondary market, so the bond price are fluctuate and negative correlated to the interest rate. for the case of bond mutual funds, fund price fluctuate as well, it could be priced at RM0.90 now and RM1.1 a year after.

i dont see ASB fit with the ANY of the above criterias.
a) ASB do not pay any fixed or guaranteed any % of dividend payout. It is paid out on the stock performance basis, in the range of 7-11%. There is no obligation in the ASB prospectus that they MUST declare dividend, unlike Bond/fixed income which need to pay out by hook or by crook, unless goes bankrupt.
b) ASB price do not fluctuates unlike bond price or fixed income funds
c) fixed income/bond have maturity dates and longer term bond carry higher risk and pay higher dividend.

PBB, BAT, Amway pays good dividend every year without fails, it doesnt meant that they are under fixed income catagory, they are still stock/equity.

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Added on May 29, 2011, 5:08 pm

i do not say that food stall do not contribute to the society, even a street sweeper/cleaner also contribute to the society. What i want to distinguish is what is a true blue businessman. If u own a RM2 paid up capital company doesnt means u r a "real" businessman.

The example that i quoted, nasi lemak seller, they are self-employed, and not true blue businessman. Read more books such as "Millionaire next door", Rich Dad Poor Dad, Cash Flow 4 Quadrants, u will find out what is the defination of bizman. To me, tb business owner is when u own a business, and u can go off from your business for 1 year travelling, and come back to your business and see your business is still growing. This is what i meant true blue businessman.

I do not know who is Peter Lim. but am sure all Malaysian know who is Tony Fenandez and Tan Sri THP.

Tan Sri is the founder and biggest individual shareholder of Public Bank, who wholly owned Public Mutual Berhad. PM also the biggest private fund managers in Malaysia, covering around 45% of the marketshare. Since you claim yourself as businessman you shd have the business common sense to judge if Tan Sri will invest in ASB? i am sure that he is not for sure, as he is not a Bumiputera. For those funds that he qualifies, there will be a cap of investment for non bumi, when ASM/ASW increase their fund size they only allow 20K per individual, do u think Tan Sri will queue up personally @ 8am, in front of post office to bank in 20K in ASM? If he wants to diversify his portfolios, he has many ways.

This post has been edited by cheahcw2003: May 29 2011, 05:10 PM

Ahb is part of REITs, just declared it's quarterly dividend of around 2 cents. Open for bumiputra only. U can go to the website to find out the basic info. It is fully subscribed fr my last heard.

wrong thread

+1

PPl only sit and do nothing and complain..
there are many good save investment tools that can generate handsome profit, and they just did not see it

ASD dividend is 6.5% this year

check my previous post at PM Mutual

google it and u will find

look at the other side of the coin,
the fixed price funds stable rate of return with no surprise. Variable price fund I guess other conventional mutual funds perform better.