I open ASW 2020 account in 1996, since then i never changed my book because never take out the money. I read at the book cover stated that u can only withdraw only 4 times per year. I dunno whther it still applied now or not

This post has been edited by hackqym: Nov 15 2009, 10:09 AM

You only need to change your passbook when it has ran out of pages. Anyway, we need to update it only once a year (assume if you are in for long term). So we won't need to change passbook for a very very long time

Withdraw 4 times a year? Don't think they care about that...

Anyone know when is the financial year ending for the AS1M?

30 sept

5.5 sen income per unit for ASN 3 fund

PNB has declared an income distribution of 5.5 sen per unit for its ASN 3 fund for the financial year ended Nov 30 2009.

Income distribution will involve a total payment of RM6.92 mil.


URL: http://www.btimes.com.my/Current_News/BTIM...icle/index_html

It's about time of the year again ... I mean ASB

is this true?

yes for all malaysian, and it is a variable price products like other private mutual fund companies' fund

---

Added on November 20, 2009, 9:52 pmNovember 20, 2009 18:02 PM

Chinese Community Subscription Quota Of AS1M Unit Trust Scheme Touches 80 Per Cent

KUALA LUMPUR, Nov 20 (Bernama) -- Permodalan Nasional Bhd (PNB) said today the Chinese community subscription quota of Amanah Saham 1Malaysia (AS1M) unit trust scheme has touched 80 per cent. The Indian community quota has reached 20 per cent, said PNB Chief Executive Officer Tan Sri Hamad Kama Piah Che Othman said. The Chinese were allocated 30 per cent of the 10 billion units, 15 per cent to Indians and five per cent to other ethnic groups.

Subscription by Bumiputeras, who were allotted 50 per cent units, was still low probably due to the wide choice of buying from other unit trust schemes like Amanah Saham Bumiputera, also managed by PNB. He, however, did not state the percentage.

He was asked on the subscription progress of AS1M unit trust scheme launched by Prime Minister Datuk Seri Najib Tun Razak on July 31. On whether the quota system would be scrapped and open to all races due to lukewarm response to AS1M so far, Hamad Kama Piah said PNB might consider the probability. Nevertheless, he said, the people might be interested to buy after seeing the first dividend to be announced next year.
So far, PNB has sold 2.8 billion AS1M units.

The 10 billion-unit AS1M is the biggest unit trust scheme launched by PNB, the country's largest fund manager. The units are sold at RM1 each.
Hamad Kama Piah had said earlier the fund would be invested in Malaysian companies with its yield benchmark according to the 5-year Malaysian Government Securities which currently hovers around 3.7 to 4 per cent. Hama Kama Piah was met in a "session-with-the media" following the announcement of 5.5 sen per unit income distribution for Amanah Saham Nasional 3 (ASN3) for the financial year ending Nov 30, 2009.

-- BERNAMA


This post has been edited by cheahcw2003: Nov 20 2009, 09:52 PM

Hmmm....time to goto the bank tomorrow.

Although, I wonder if PNB would be flexible enough to lift up the quota cap after the 1st year. It would be great in the long-term.

i would say it depends how desperate PNB needs to reach the RM10billion target. This fund is launched by our PM, if our PM insist to reach the target given a certain period of time, then i dont see any reason the AS1M etnic quota will stay. Furthermore, PNB already lift up the 51%(bumi):49%(non bumi) ratio for A.S. Malaysia earlier this year.

Guys, any idea when will the dividend + bonus for ASB be credited into our account ? I usually only go to the bank after 20th January every year to withdraw all the dividend + bonus earned from the previous year. Was thinking i'll get it out earlier next year. Will i be able to do so on 2nd January ?

dont think ASB update the dividend so soon. furthermore 2nd jan is on saturday. by looking at 2010 calendar, should be 7 or 8 january.

Chinese - 30% from 10B = 3B unit
Indian - 15% from 10B = 1.5B unit
Others - 5% from 10B = 0.5B unit
Bumiputera - 50% from 10B unit

Subscription quota: Chinese 80%, Indian 20%, Ohters ?, Bumiputera ??

Total sold - 2.8 B AS1M units

If calculate backward
Chinese - 80% of 3B = 2.4B
Indian - 20% of 1.5B = 0.3B
Bumiputera and Others = 0.1B

Funds for 1Malaysia .....

http://biz.thestar.com.my/news/story.asp?f...94&sec=business

Thursday December 3, 2009

PNB clears the air on Amanah Saham 1Malaysia

KUALA LUMPUR: Permodalan Nasional Bhd (PNB) has clarified a few misconceptions on its new product, Amanah Saham 1Malaysia (AS1M), in terms of distribution method, direct fees and charges, and performance benchmark.

AS1M is a 10 billion-unit fixed price fund of RM1 per unit that was launched in August for all Malaysian individuals with a minimum initial investment of 100 units.

According to deputy president of unit trust Idris Kechot, subscribers were free to cash out or sell their units at any time and still be entitled to the annual dividend payment based on the units retained.


Idris Kechot says subscribers are free to sell their units at any time
“The method of distribution is based on the average sum of the minimum monthly balance of the units during the distribution period. AS1M is a fixed-price fund unlike other price-varied funds that are based on net asset value of the funds,” he told a media briefing yesterday.

Idris said Amanah Saham Malaysia Bhd also had not imposed any sales charge on all its fixed-priced unit trust funds, including AS1M, although the latter’s prospectus stated a sales charge of up to 1% of the invested amount was applicable.

AS1M also did not impose any redemption charge and it had no maturity period, he added.

In terms of performance benchmark, Idris said AS1M was based on average five-year Malaysian Government Securities (MGS) yield as opposed to three-month Kuala Lumpur Interbank Offered Rate that was used in Amanah Saham Wawasan 2020, Amanah Saham Malaysia, Amanah Saham Bumiputra and Amanah Saham Didik.

“Average five-year MGS yield is a more suitable benchmark due to its objective as an income and a long-term investment fund. Also, the rising inflation environment needs a higher benchmark in order for our unit holders to maintain their ‘real’ rate of return on investment,” he said.

AS1M, which has an allocation of 50% for bumiputra investors, 30% for Chinese, 15% for Indians and the remaining 5% for other ethnic groups, has sold some 2.8 billion units. Idris said the decision to uplift the quota would be made before Dec 31.

PNB – the investment manager of nine Amanah Saham trust funds – has seen tremendous growth this year that is translated into 700,000 new subscribers year-to-date compared with 500,000 last year despite the challenging economic climate.

“And the total investment up to October this year was at RM17.8bil compared with RM12bil for the whole of last year,” Idris said.

Its December already and i still haven't heard any announcement regarding how much dividend they maybe get this year.

It's still early ...

are u referring to ASB? usually they will annouce a week b4 the year end

Eh reli?? if not mistaken last year's profit abit early. 1 Month earlier they published it in newspaper but onli 'estimated' profit. Or did i grow too old and lost track of time x.x

they can annouce anytime in december but the payout will be only on 31 dec, 1st Jan is public holiday so dividen will be in your passbook if u update it on the 2nd of Jan.