Seeing all these makes me think that we will have a riot on our hands if PNB should fall one day. Is PNB really that safe ?

No investment is safe in this world. However, PNB will fall only if Malaysia fall too. Though it is not impossible, it is highly unlikely.

ASNB Keeps Income Distribution Rates For ASG Funds Unchanged

KUALA LUMPUR, March 24 (Bernama) -- Amanah Saham Nasional Bhd (ASNB) has maintained the rates of income distribution for all three Amanah Saham Gemilang (ASG) funds for the financial year ending March 31, 2010.

ASG-Pendidikan investors will receive 5.5 sen per unit while ASG-Kesihatan and ASG-Persaraan unitholders 6.0 sen and 5.0 sen per unit respectively.Permodalan Nasional Bhd (PNB) Chairman Tun Ahmad Sarji Abdul Hamid said that based on the net asset value (NAV) on March 23, the income distribution translated to a yield of 5.81 per cent for ASG-Pendidikan, 6.12 per cent for ASG-Kesihatan and 5.05 per cent for ASG-Persaraan.

He told a press conference here on Wednesday that ASNB, a wholly-owned subsidiary of PNB, had allocated RM2.31 million for 6,789 investors holding 42 million ASG-Pendidikan units. Up to March 23, ASG-Pendidikan registered a gross income of RM3.28 million and of which, profit from the sale of shares contributed RM1.99 million or 60.7 per cent.

For ASG-Kesihatan, ASNB has allocated RM2.18 million for 4,491 unitholders who subscribed to 36.4 million units of the fund that recorded a gross income of RM2.63 million. Profit from the sale of shares contributed RM1.52 million or 57.8 per cent to the gross income.

The amount of income distribution allocated for ASG-Persaraan is RM1.07 million which will benefit 2,765 investors holding 21.4 million units. The fund recorded a gross income of RM1.78 million and of the total, profit from the sale of shares accounted for RM1.08 million or 60.7 per cent.

"The income distribution payment for ASG-Pendidikan, ASG-Kesihatan and ASG-Persaraan will be automatically re-invested in the form of units and credited into the unitholders' account based on the NAV of each unit trust on March 31," Sarji said. All transactions for the three ASG funds have been suspended from today until March 31 and the unitholders can update their ASG passbook at ASNB offices or agents nationwide beginning April 1.

PNB President and Group Chief Executive Tan Sri Hamad Kama Piah Che Othman said the three ASG funds performed better compared with the previous year and the overall returns had surpassed the benchmark set for this year due to improving market conditions. Asked whether PNB would reduce its investment in government-linked companies, he said PNB would always ensure that any decision whether to buy or sell bring good returns.

"We have a variety of unit trust funds and each has its own portfolio. If we want to sell, it must bring the best return," he said.

-- BERNAMA

"We have a variety of unit trust funds and each has its own portfolio. If we want to sell, it must bring the best return," he said. - Quote

I hope the same principle applies to AS1M...

If i were to put 1 k into ASM today and take out 14 days later. Will my 1K obtain interest for 14 days parked in ASM?

PNB's fixed price product like ASM, the dividend is paid on monthly rest, u need to keep full months (from 1st to last day of the month) to enjoy the full month dividend. We dont call it "interest" for PNB products...

Oh, Thanks . I thought i was able to park it there for a few days and take it out. Is there any PNB product that i am able to manipulate for daily rest?

i tot i have already answered your question, all fixed price products of PNB ARE paid dividend on MONTHLY REST, if u r still not sure, pls check the PNB website, instead of keep on posting the same question here.

What for you want to park for a few days?The meagre interest gain (if any) will be minimal compare to the hassle you need to undergo. Investment is for long term plan la bro.

I got the volume, Just dont have the time hence i am looking for a short term gain

u can buy bond fund (conservative), or forex/stocks (for quick gain). Even if u invest in ASM, the dividend will only paid out end of its financial year, the next FYE will be 31 march 2011

Thanks for the opinion, I am quite new to bond fund. How do i purchase it?

you can try Public Islamic Bond Fund, or PB Fixed income fund, these funds just won some awards, initial charge is 0.25%, can buy from Public bank or any P mutual agent.

---

Added on April 7, 2010, 11:29 pmASQM chinese quota has been 95% subscribed...

PNB Confident Of Full Subscription For Amanah Saham 1Malaysia


KUCHING, April 3 (Bernama) -- Permodalan Nasional Bhd (PNB) is confident that all 10 billion Amanah Saham 1Malaysia (AS1M) units will be taken up by the public.

To date, 3.6 billion had been subscribed, President and Group Chief Executive Tan Sri Hamad Kama Piah Che Othman said Sunday.

Of the 10 billion units of AS1M launched in July last year, five billion are allocated for Bumiputera, three billion for Chinese and 1.5 for Indian investors, while the balance for others.

Hamad said that of the total units allocated for the Chinese, only five per cent was left.
"This is because the quota for the Chinese community for other unit trusts has been fully taken up, so they take the opportunity to subscribe for AS1M," he told reporters in Kampung Pinang Jawa here. He said that of all unit trust funds managed by Amanah Saham Nasional Bhd (ASNB), a wholly-owned subsidiary of PNB, 10.9 billion units were subscribed by 951,000 unitholders in Sarawak.

On the Malaysia Unit Trust Week 2010, he said, it would be held at the car park of Wisma Bapa Malaysia here from April 20 to 26 and officiated by Deputy Prime Minister Tan Sri Muhyiddin Yassin.PNB expects at least 150,000 visitors at the event where prizes worth RM500,000 are up for grabs.

-- BERNAMA


This post has been edited by cheahcw2003: Apr 7 2010, 11:29 PM

So anyone still buying AS1M...........? wonder ppl still skeptical about return rate for it.....

I am still buying IF I got the money. If return not good, just withdraw it next year. Nothing to lose

i just buy some, i do think the 1st year return gonna be "attractive", to attract more buyers (chinese). then i probably withdraw for other investment

You lost 1 year worth of investment in other tools which have potential to earn more than that.

Unfortunately the chinese quota is already 95% full, so your theory does not hold water.

PNB's ambition is to sell AS1M and to reach 10billion quota set by our PM Najib. What i guess next for AS1M will be

a) declare 1st year annual dividen matching with ASM/ASW2020

b) increase the Chinese quota or open quota to all Malaysian regardless of race, to attract more ppl to invest, after the 1st year annual income annouced.

+1

the quota is not open yet because chinese quota is not full. if dividend announced is attractive, those kiasu aunties/uncles might swarm to buy this fund.