wow, you're very lucky......

i guess banks (as agents) dont really care about money going into these pnb funds.....i'm sure if i tell them i want to deposit money with the bank, they'll be more than glad to help 

New to this forum. Have just updated my AS1M account book. Turn out the effective return per annum is only 4.6% (ie. 6.38% over 13.87 months ie 5/8/09 to 30/9/10) Worst than sukuk which gives 5%. KLSE move more during the same period.

Already mentioned in my first post that I have updated my account.
After checking with my own calculation of using 6.38%/year I realize it didnt tally with the updated figures, so I call up ASNB and they show me this calculation method and now it tallies.

According to them since this is a new fund ,any investment in august2009 also entitle the distribution based on the prorata basis.

the figure of 13.87 was given by ASNB when I call them, and it tallies with the updated figure in my account book. Btw you are not getting 6.38%, you actually get 6.38sen for distribution for the period of 13.87 months. So it works out to be 5.52% per annum return.

Only those who invested from 5/8/09 to 30/9/10 will get the full 6.38sen.

formula is (6.38*months-invested/13.87)

for 30/9/09 to 30/9/10 ie 12 months dividen receive is 5.52sen

Did you invested in AS1M?

Already in retirement?

Do not dare to recommend lah, lest you accuse me of being a mutual fund
HA HA got you!!!!

Due to the initial negative perception and the bad take up rate of AS1M, I manage to dump in all my matured FD into it, which I deduced should be a better investment than FD. So far so good. Dare not touch other investment due to the uncertainty in the world economy. Waiting to channel my ASNB funds into equity in the right time. Currently KLSE is on the high side. Hope that the ASNB funds are safe as I am putting all my eggs in the same basket.

AS1M annual report is out, downloadable at ASNB website.

Surprise to see that there are 416 investors holding more than 500,000 unit of AS1M, this group of investors holding total 519,350,588 units altogether. This translate into each investor in this group (those who hold >500units) averagely holding RM1.25million unit. Bravo !!     

a quote at bebas hutang website
seems not so good ahh

Even my father suspect something amiss. How can 1 investment instrument tool can help benefit a certain race so much?

No need to monitor just dump in money there. That is why he said "the government is helping their people so much, too much".

To Achieve the 30% thingy the govt has to give favoritism/tongkat to ASB holders.

ASB probably get
1.the best and most experience fund manager
2.first choice in GLC IPO, especially the 30% thingy
3.subsidised fund management fee
4.Major stake and thus controlling power in invested companies
5........

This is just my guesses.

I attended one of the ASN talk recently and i asked them this same question.

The answer was the fund is older and bigger.

I think the reason  AS1M was lower than the rest fixed price fund was that it is new.
The chinese portion of the fund was only fully taken up in may2010.
May be subsequent years it will match the performance of ASW and ASM but will never top ASB.

But then are there any other fixed price fund that consistently give >6% return?

"No fish, prawn will do"

I am definatley not the jeoulos, and hearsay ppl that u mentioned, if u see my earlier post, all my findings are based on the facts and statistics from ASNB's annual report.

What i have highlighted was that if ASB is proven the best managed fund by PNB, as a rational investment company, they shd maximize the fund return for their investors for other funds, so if ASB formula is proven to be the best, the fund manager shd try to consider to copy the similar porfolio for other funds.

For AS1M return, we can claim that it is new, so 50% less return compared to ASB is "acceptable". But then ASW has been launched since 1996 (15 years ago), and the return is still consistantly 35% lower than ASB. This is worth for us to think!! As investors who invest in the same nature of funds with fixed priced, and similar portfolio such as ASB vs ASW, we can accept the return variance/difference of 5-10%, but not the difference of 35%-50%.

Once again, i want to emphasize that i am not saying this because i am jeolous, i have both ASB and ASW.

yeah loh....so many newbies want spoon fed info without checking at the www.asnb.com.my or refer to the earlier posts, keep on asking the same questions..and reduce the quality of the forum...

6%  or above 5% should be good enufff

100k can get rm500pm

400K times 8% to 9% = 32K to 36K per annum... = Gile kayer... 

I'm happy that i have queue up early in the morning, and have bought some ASM fund...at least if my business fail i still have this fund to provide me some $$...BTW although this fund might not be perfect but it helps alot in making extra $$