the question is why ASN3 and not other unit trusts from other mutual funds company.

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Added on June 17, 2011, 11:40 amif ASN3's effective yearly return is 7.2% then the performance is not so good. ASN3 is a balance fund, with 50% in equity, it shd have done better with moderate risk. Many private bond funds can achieve 7.2%p.a. return with lower risk exposure.

This post has been edited by cheahcw2003: Jun 17 2011, 11:40 AM

check out my.morningstar.com fixed income catagory, and u will find the best return bond fund.

those who panic about election, and want to pull out their funds, i guess PNB is not worry about that, as thousands of investors are queing up and waiting for the opportunities to invest. We have newbies that posting here almost every week when will be the fund available for invest

Perhaps i can clear the air here.

In Sabah, if both of your parents are Chinese origin, then u r not a bumiputera, If one of your parents are Kadazan/Dusun, and mix with other non bumi races, i.e. Chinese, then u r considered a Sino Kadazan, who is also grouped as bumiputera. The bottom line is either one of the parents or grandparents need to be a Native. Most of the SIno Kadazan has Chinese Name, usually "sijil anaka negeri" is the evidence to prove them as bumiputera.

In the case of Sarawak, both parents need to be Native then only classified as Bumiputera. Few years ago, we have one case, Father Iban with Chinese Mother, the dotter was rejected to enter Uitm, and getting JPA scholarship becoz one of the parents are not a bumi. It is stated in the Constituition, Perlembagaan Akta 163.

For the case of Semenanjung. It is like Sabah. As long as one of your parents/grandparents are Bumi, then the children are Bumi (In the PNB's context), i have come accross in some states, like in Melaka & in Penang, they do not recognise Orang Asli/ Kadazan/Iban as bumi when they purchase the properties in these states. Thus they do not qualified for bumi discount. On the other hand, if u r a converted muslim, say Chi Muslim, Indian Muslim, then u r eligible for bumi disocunt.

In shiort, there are still many grey areas in the classiification of bumiputera, some states follow root of family origin, some states follow religion.

This service already in the market for > 1 year. Can also do it via Cimb clicks

CIMB is only good when u invest in asb, for those other funds such as ASW, ASD, ASM, AS1M that fully subscribed, it is on trial and error basis, and it will only performed on the next business day, if the trial is fail, service charge of RM1 is not refundable.

usually renewable

PNB funds all these while are tax exempted, so if they pay 6.5%p.a, the effective gross rate is actually around 7%, if compare to market funds return.

In fact, mutual funds distribution shd not be taxed, as when the invested shares, say Sime Darby, Maybank declared their income, it has been taxed once, b4 distributing to the fund managers, so when the fund managers declare tax to the fund investors, it shd not be taxed again

yes, they will not even allow u to register the account

it is considered unit trust, neither guaranteed by BNM nor PIDM.

possible!!
R u a bumi? If u r not a bumi, this will not be your concern as all pnb funds for non bumi are sold out.

the answer is "no"
the calculation of dividend is based on the lowest balance of the month, means the lowest balance from 1-31st of aug

Every investment comes with risk, if u are already an investor of PNB fund, u must have received the anual report from ASW/PNB stated how the management invest? the portfolio allocation and etc.

You shd read and understand b4 u dump in half a million, not after u dump in half a million only u worry. Try to download the master prospectus from the ASNB website, understand the details of the risk profile and disclaration. There is no short cut to the successful investment.

will be annouced soon. My guess is 6.5%

end of sept. The bumi quota for AS1M will become very laku, since now they allow EPF money investment

I am with u, bad time good time. The dividend will not differ much, ASW/AS1M dividend will be around 6.3-6.5%

during the "good time" they don't distributed out all the profits, carry forward to the subsequent years. When during "bad time", they brought forward the excess gain and distribute the income, that is how PNB consistantly pay out 6-8% evey year, during good time, when mkt appreciate 20%, they still pay 6%, when Market -20%, they still pay 6% p.a.

each funds of pnb has different portfolio, fund managers, asset allocation between fixed income/mm/ equity. So it is unlikely fund manager can transfer profit from 1 fund to another as it is monitored by Security commission and audited by Big4 audit firm

The only doubt is that since ASB portfolio was so successful, ie paying the highest ROI, why not all other funds copy the same portfolio?

you should check before you comment, ASB max limit is 200K per person.
They impose 51% quota for bumi is becoz they need to make sure the fund is equally available according to population ratios.