as1m malay quota also fully subsribed?

when will they release the indian quota for as1m to chinese???

indians in this country relly no money haa? lucky velu stepped down else it would get worse

asb no more

only as1m indian n bumi got

i am waiting for them to open the quota
dump in 500k into it

Berumur 18 tahun ke atas
Bumiputera beragama Islam dan bukan Islam
Bukan Bumiputera beragama Islam
Tidak muflis

You cant compare us with your businessman frens who have a lot of money to be dump to anywhere they can. We're here to share some info on our hard-earned money and most of us is not a businessman. If you got a lot of money better play the stock market

If you have a lot of money you can dump based on what i heard close to 400k but it will take some letter writing and submission, interview, showing proof of your assets or something like that to PNB. But all depends on the quota of course, not sure if you have inside cable

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...

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.

I thought ASB, ASM, etc are for personal not for corporate ?

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.

Chinese queue up to buy ASM/ASW/ASIM, not because they are rich, it is because they have only limited opportunity for them to invest. These are their hard earn money. Chinese can wake up as early as 4.00am to do hawker business. They are one of most hardworking races in the world. But, sometimes, it give a wrong impression to other races that Chinese is rich so they need to queue up to buy the fund. I hope the other races can understand this situation.

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

DOW dropped 4.3% / 512 points.  !!!!
My guess for AS1M 2011 dividend is 6.3% +- 0.5% becos of the turbulant days ahead and before the AS1M's financial yearend of 30Sept (wrong timing). Wonder what's going to happen to the UT and other riskier investments.

But the problem is for the non-bumis we can't buy pnb funds anytime we like, as all the them have max out. So even times are bad, no funds are available.