Yea, was wondering the same thing too... Why ah?

I think its the best investment for housewife, old folks....

Can you mind your capital letter, in forum, it is considered shouting and rude as well as irritating for other to read.
We welcomed any posts, view and opinion, but please mind your capital letter. Cheers.

Warning can be issued by staff if persistent posting in capital letter. Thanks for the cooperation.

Back to the topic,

There is no such thing of bank backed UT company. UT company is UT company, even though it is under the same group of the banks, it is a separate entity, nothing to do with banks, they won't guarantee your fund nor they have anything to do with the UT company.

Nvr mind. davinz18 already answered. Well, in any case, we won't know FOR SURE until next year when the dividends are declared, right?

Yup.

They will try their best to give some rate much higher than FD rate if can, to avoid redeemption as well as confidence issue. Having said that nothing is for sure, that's why there is no stated capital guaranteed nor any rate guaranteed or any indicator to state how much they will/can make.

If not (cannot give higher rate than FD), then redeemption can happen which by then might be problematic for them if equities investment value goes down. They don't scare people redeemp if their equities value goes up, as its NAV of the fund might go to 1.10 but you still redeemp at Rm1.00. They earn 0.10 from you if you redeem eventually they can use the 0.10 profit made to pay the rest at higher rate.

Only problem will occur of there are massive redeemtion when their equities value goes down a lot like its NAV has dropped to Rm0.50. But if the fund can pay some rate higher than FD let say 5%, then no people will redeem.

Kinda funny, right?

But this is the reality.

http://malaysiafinance.blogspot.com/2009/0...tegy-ahead.html

Folks,

This is a good commentary on what are the changes going on in PNB as far as investment strategy.

http://malaysiafinance.blogspot.com/2009/0...bond-issue.html

Petronas is raising money too.

Dreamer

This post has been edited by dreamer101: Aug 7 2009, 07:07 PM

If like that (NAV fall to RM0.50) , first come first serve loh (since fixed price)... then you will see even bigger crowd queuing outside the banks
Sound cruel... but I have no ill-intention... I avoid this, personal opinion only...
Your money your decision...

This post has been edited by htt: Aug 7 2009, 07:05 PM

Folks,

1) Seriously, given that there are less than 5 counters worth investing in KLSE and you KNOW that AS1M will have to invest on those 5 counters, you will make MORE MONEY by buying those 5 counters before AS1M.

2) Do your own homework.

3) Honestly, I make more money when people buy AS1M.

Dreamer

Not sure how is Maybank's structured investments performing but as far as i am concerned, HSBC structured investments are doing great. In many of the structured investments HSBC launched in Malaysia, 9 out of 10 provided higher returns than time deposit (i am referring to last year's 12-month interest rate of 3.7%).

The only worst performing structured product from HSBC is the "Global Bank" fund, which only yield back 0.9% when it matured. That's because they invested in 3 counters namely Bank of America, Citibank and HSBC and we all know how Bank of America and Citibank's shares dropped significantly last year. Well, at least you didn't lose out any of your capital ...


Please stop typing with the caps lock on !!!!

Which means it is really dumb of you to keep bad-mouthing the AS* funds, isn't it?

howszat,

There are MORE IMPORTANT things in life than making money. For example, a clear conscience. If not, you are NOT having a life worth living.

Dreamer

More Than 1.4 Billion AS1Malaysia Units Sold August 07, 2009 19:50 PM

KUALA LUMPUR, Aug 7 (Bernama) -- Amanah Saham 1Malaysia (AS1M) received strong support from the investing public with more than 1.4 billion units taken up within two days of its launch.
"The take-up rate is within our expectation with a fund this size and a minimum subscription limit of 50,000 for those below 55 years and 100,000 units limit for those above 55 years," said Permodalan Nasional Bhd (PNB) president and group chief executive Tan Sri Hamad Kama Piah Che Othman in a statement Friday.

AS1M is a 10 billion fixed price fund of RM1 each with features similar to that of Amanah Saham Wawasan 2020 (ASW 2020) and Amanah Saham Malaysia (ASM)."We will be adopting similar strategies for AS1Malaysia as with ASW 2020 and ASM and we hope for AS1M to perform as well as the other two funds which have exceeded their benchmark," said Hamad.

According to Hamad, the ASW 2020 and ASM are benchmarked against the 3-month KLibor, which has been averaging at 3.07 percent for the past 10 years. He said AS1Malaysia, meanwhile, is benchmarked against the average 5-year MGS which now yields about 3.72 percent. "Since 2000, ASW 2020 has declared income distribution every year ranging from 6.60 percent and 8.80 percent, while the KLibor (distribution) has been ranging between 2.50 percent and 3.60 percent. ASM meanwhile has consistently paid out income distribution ranging from 6.25 per cent and 7.80 per cent," he said.

In 2008 for instance, ASW 2020 declared 7.00 sen and ASM declared 7.80 sen when the benchmark KLibor was hovering at 3.60 percent.
The selling and buying price of AS1M is fixed at RM1. Unitholders, therefore, can purchase or redeem the AS1M units at RM1 per unit at all times, said Hamad.

Redemption however could only be done after the 30 day offer period, he added.

Since units of AS1M is fixed at RM1 at all times, it is not defined as a "capital guaranteed fund" because by definition of the Guidelines on Unit Trust Funds, a "capital guaranteed fund" would guarantee investors the capital invested only if units are held until maturity, explained PNB.

Fixed price fund meanwhile does not have a maturity date, and therefore its unit is fixed at RM1.

--BERNAMA

Bernama link is at http://bernama.com/bernama/v5/newsbusiness.php?id=431100

This post has been edited by cheahcw2003: Aug 8 2009, 08:19 AM

Dreamer, please no OOT...here only AS* funds talk...cheers

lol.WTF

Maybe how PNB outperformed the market :-

1. What if PNB actually acquires company that legally obtain contracts to source/perform govt jobs?

Anyway, opening of too PNB Funds for less than 6 months is a bit wee overkill.

This post has been edited by eric.tangps: Aug 8 2009, 09:37 AM

Mind to share which are the 5 counters that based on your criterias are the best selections..for long term investment.....

This is delighting news indeed, at least clear most of the doubt...

Good news. You think the GOmen monitor this website one?

This post has been edited by soul2soul: Aug 8 2009, 12:50 PM

Green Dam?

What dreamer said is true. We make more money when ppl buy amanah saham. Thus, I alwiz encourage others to buy, esp those who plan to invest, but dunno how. Win-win situation for everyone