Proceed from http://forum.lowyat.net/topic/347861/+2480

I thought as much. This entire Maxis relisting has been planned all along by the current administration. I don't think PNB would sell off the shares, but to keep them for dividend yields. That's why malaysian equity market is very illiquid, with most of the GLCs holding the shares and not trading them at KLSE.

AS1M still available for Non-bumi? woo~ so for Bumi still have long way to go~ if next week still available i might go top up~

I go QueensbayMall Maybank just now~ only few ppl, just normal banking stuff doing..

bank give yellow book, too?

I think the non-Bumi quota AS1M can last a few weeks this time around. I went to MBB this morning to open an account, and there were only 2 persons opened the account. Response is not really encouraging.

i tot all give same book(yellow)? my 1st time buying any ASN

Should be the same yellow book. Why should there be different coloured books for same investment account type?

I mean, we already have a red, gold... what else?

So this fund actually is a capital guarantee or not?

now passbook only huh? last time you can choose between passbook or certificate.

I also have the blue passbook

if i want to invest in AS1M at maybank, do I need to bring cash? can transfer from my saving acc?

Can~ you must fill in the withdraw/transfer form. But don't know they got charge or not like other bank.

Yes you can transfer from your saving's account.

No service charge.

Bear in mind if your account is not from the home branch, you can only withdraw a maximum of 25,000 in one day.

No charge.

At last this thread is go to version 2 , congratz.

So how is the status for AS1M? Did any one buy it and is it finish sold?

RHB Bank's max is 10,000 only per day, else you're charged RM5 service charge. Apparently they have to verify with your home branch first and that phone call cost RM5.

This post has been edited by ric0225: Aug 6 2009, 02:47 PM

U can transfer from ur savings account.But if u have passbook make sure u bring it and not to forget, ur IC too...

may i know.

i am a first time wan buy?
wats is the procedure?

anyone can buy?

i afraid it can't finish sell this time ~ lol ~
everybody feeling weird now , why the gov keep on demand money from citizen, even my father also dun wan to buy this AS1M, he say is bullshit, haven't earn anything already decide give 5 million to the student, really WTF ~ what kind of investment is this. lol ~

As a potential investor I hear alarm bells ringing when my defacto fund manager uses money from the fund to gain political mileage.

This post has been edited by ??!!: Aug 6 2009, 03:35 PM

is the return rate min 7%';

No one knows for sure yet

4% dunno got or not ~

Please remember this is not guarantee...it may fluctuate below RM1 but hopefuly gomen can jaga us...propective interest would be around 3.7 to 4% and may not more than 5%...
Invest wisely

i tot is capital gurantee ? bukan ?

i stayed in PJ,the ASM1, still available?
the minimum to buy is rm1k right?
is that mean after 1year will get 3.7-4% of rm1000???
thanks

I believe the minimum is RM100. The talk among the public is that it's around 4%.
Now, I'm not sure about the capital guarantee part, though. Hmmm... Makes me re-think of my decision to purchase some units earlier today...

i went to PNB Putrajaya Branch just now, not many customers, many customers are Malays, most of them carrying blue and purple books doing other transactions like ASN/ASB/ASD, not even one of them opening AS1M. Dont think the response is good

I will not invest in AS1M, just stick to ASW and ASM.

I think still available.I went to Post Office during lunch.Nobody buying also..

After 1 year u will get 3.7-4% out of RM1000

I thought this only applies to Maybank Islamic Account ? I believe for conventional savings account, one can cash out any amount he/she likes.


Blood sucking !!!! I was told that i can withdraw any amount i like at any HSBC Malaysia branch without incurring any extra charge But too bad HSBC is not a PNB agent.


It is a fixed price fund. According to a "finance guru", fixed price is actually better than capital guaranteed. To learn more please click the link below :
ASNB

Not definite, right? [deleted additonal comment due to explanation above]

This post has been edited by lowyatben: Aug 6 2009, 04:53 PM

for me ,AS1M is just a funny fund. in the website say it is equity fund type. but the return is just like bond type fund... and expected return is so low.

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Added on August 6, 2009, 4:54 pmalso the interest is lower than my housing loan interest... why shall i invest in it?

This post has been edited by truth_seeker_09: Aug 6 2009, 04:54 PM

Please check ur facts before you simply make misleading comments publicly. There are many uninformed people seeking advice here, so please exercise descretion unless you are really sure of your facts.

First u claim there could be 1% charges, when there clearly isnt any charges durring the promotional period. Charges may only appy after the Promotional Period.

Secondly, says who that after a year u will get 3.7%-4%? That is just a YIELD. An average 5 year yield benchmarked against the Malaysian Government Securities. Not the return on investment or the percentage in which it will declare ok?

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Added on August 6, 2009, 4:59 pmAs I said, ppl who dunno anything, pls dun mislead the public with WHAT YOU THINK. For the uninformed, pls check the facts. There are so many ppl posting here who don't check their facts before they post.

This post has been edited by jolene812: Aug 6 2009, 04:59 PM

Well, if you look closely, the benchmark return for all other PNB fixed price funds (ASW,ASM) is KLIBOR which is way below MGS rate that AS1M uses. So, what is the issue? The reason your banks, you sales advisers, your fund managers create rumours about 4% return, 1% sales charge is to discourage you from withdraw your money from their funds, FDs etc. It's as simple as that, outflow of RM10 billion will hurt them the most hence the origin of the rumour.

Remember, this is long term fund... like somebody said earlier, the objectives is to try smoother the return i.e. 6-7% in terms of dividend each year. Just take a look at last few years KLCI performance:

2007 : 31.8%
2008 : -39.3%
2009 : 34.0% (as at July 31, 2009)

Tell me whether its logic or not to get 6-7%. Whatever profit PNB makes in 2007 was saved for the rainy days (we get 6-7%), it happens that the particular rainy day was year 2008. Now, probably there's a small hint of sunshine in 2009.

This post has been edited by Psyker: Aug 6 2009, 05:06 PM

the rate is higher than bank~ so if have extra money u invest lo~

For me like Fixed Deposit only ~ heheh not investment~ + rate higher than FD now..

It's true that there are many people trying to mislead others with no solid proof... If they hate AS1M so much just stfu and not buy.....but dun be a kiasu person by asking others not to but buying it themselves

I'm smelling something fishy with AS1M, so I'll be staying away from it.

Points to note:
1) It's going to invest in equity (70%) but the benchmark return is KLIBOR (which is about the FD rate), and maybe just slightly higher. Being an equity fund, shouldn't it be benchmarked against the KLCI?

2) (Hear-say) I didn't read it first hand, but the prospectus/brochure available at some branches mentioned in its fine print that this is not capital protected, but a fixed priced fund. Well, basically its the same, but they're playing with words... I don't like how "smart" people twist with words.

3) Why is our government trying to take so much money from the citizens recently? Sukuk, ASM, ASW, and now AS1M, and they're even trying to get some from our EPF. Where are all this money being invested?

Well, just my 2 cents... It's your hard-earned money.

This post has been edited by hocklai8: Aug 6 2009, 05:21 PM

To fund BN's grand stimulus plan

I still don't get the difference between fixed priced and capital guaranteed. Say I put in RM1K. THe price per unit is always going to be RM1.00. So no matter what happens, I still get back at least RM1K, right?

WHat about capital guaranteed? I invest RM1K, so shouldn't I also get back at least RM1K at the end of the day?

guys,, how's the response today?..

sold out?.. hopefully, I can try to get to maybank tomorrow morning.. today too many meetings.. cannot run away.. haihhzz..

Precisely my point! And also, there are many others simply posting here to increase post count. Not giving info, but yapping n crapping non-facts.

Point to note:

1) For every $1 profit, distribute 5 cents. Fund will last longer at least 5 years. Keep people money and profit in BN pocket better.

2) This is 1st Class Structured Investment developed specially for 3rd World people who cannot read or understand simple plain english.

3) Malaysia's exports, the mainstay of the economy, fell 22.6 percent year on year in June. Foreign investment has also seen a big dip this year, with foreign direct investment for the first five months stood at RM4.2 billion compared to RM46 billion in 2008.

Do you actually have people working in PNB to make these wild allegations?

Seriously, I got friends who know the operation, and you can be certain that they do consult Securities commission and the lawyers to ascertain the legality of their investments. Each of the funds are being managed by a different team of Fund managers, and they are not stupid people like you think they are.

You need more information, not retarded comments.

I suspect you see PNB as your competitor , and you have a stack in Financial industry threatened by the overwhelming response to PNB funds.

This post has been edited by soul2soul: Aug 6 2009, 06:12 PM

Thanks, we seriously need more filters like you. It annoys me to see ppl contributing trash in this post. With regards to the PNB competitor theory, I opine the same. Since the share market is expected to slowly pick up by the Q4 soon, I am totally not surprised.

soul2soul,

1) Are you OLD enough to know UEM reverse take over of Renong in 97/98?? If not, do a google and find out. Yes, securities commission suspended their rule to let it happened. And, the majority shareholders of UEM are the GLIC like EPF, PNB and so on.

I invested in UEM. I lost my money in UEM. From then on, I promised myself not to invest on ANY GLC or GLIC.

2) I believe bumi should invest in ASB. I believe non-bumi that invested in ASx to be "running dogs". They voted for this government with their money in spite of what is going on lately. So, if those non-bumi lose their money, they deserve it. I am biased. I believe people should vote with their money along with their belief. They CANNOT say they do not support the government but still give the government more money.

3) If you go back long enough, you will find that in every Malaysia recession over the past 30 years, the same thing like (1) happened.

Dreamer


This post has been edited by dreamer101: Aug 6 2009, 07:13 PM

Public Mutual Fund == PNB Fund = RETARD?

Capital guaranteed funds will guarantee that you get back ur money after a certain period of time say maybe 3 or 5 years. If you redeem earlier there might be a penalty for it. Most are structured products

You will get back RM1.00 per unit when you redeem. The problem is you will never know the performance of the fund. After 3 years, the fund per unit true value might be RM1.15, PNB will buy back your unit for RM1.00, the 15 cents retain by PNB. Of course you won't know since Buy/Sell price always Rm1.00

thats means we just earn the 3 years dividen only if after 3 years when we redeem it?

Not quite. ASx funds have their dvidends announce on a reqular yearly schedule. For fixed price funds, they're paid out to you in the form of additional units. ie, you have 1000 AS1M units, after 1 year they announce returns of 5%, which is given to you in the form of 50 additonal units.

Yup, this is true.

Fixed price doesn't mean surely good as well, got pros and cons.

Pros, investors don't need to scare of losing money.

Cons, there is no transparency like UT (which they reported their NAV daily). So if PNB actually make 50% from the fund money, and now you redeem back, you still get back the same Rm1.00 and never will be Rm1.50.

The extra profit made is channelled into smoothing the return rate will be given down to few years time.

1. It is a benchmark means the fund is aim to meet or exceed the benchmark figure. Just like you take money out of FD, your benchmark return rate from the investment should be more than FD rate is giving which is the most basic logical sense.

In my definition/view, the benchmark carries no credibility nor it signals anything. More like paper work and tellling only. Just like you sit on exam, you aim/benchmark to beat your friend or score 70 points. Whether it achieves afterwards or not, it doesn't relate at all. In other word, it is just a target set by you.

2. Although it is still the same for most people, they can't use the word guarantee.

If said fixed price, means they will fix the price at Rm1.00 as long as they could <-- but this doesn't mean guarantee as if something really bad happening, (which is unlikely but not guarantee), as if it did it could shatter investors confidence across, which gov won't let it happening, unless gov goes under as well. But think deeper, if gov goes under, your/our Rm in bank also won't spare from it.

As it is an equities fund, they cannot guarantee your capital. They also can make loss in equities market, once they loss money and no longer have Rm1.00 as same as initial capital, they cannot guarantee your capital.
Just they will maintain the RM1 fixed price as much as they could. If their portfolio loss 50%, while every unit holder made redeemption at fixed price at RM1, then it is not sustainable for them to do it anymore.

On equities part, over long term, it tends to rise, so chance of fund losing big over the long term is low as long as fund managers are doing an ok job. PNB fund managers also not stupid, they are investing in good dividend stock across as well. Although they might invest in some part on GLCs which has no good track record, but a lot of investment are on Sime, Maybank etc those big blue chips which paying good dividend one. Those corporate are money making machine for them. Even one might say Maybank might not as good as other better well run one (which I also view the same), still it is a money making machine for them. As long as they are making money for PNB enable them to pay 5-6% which is much higher than FD rate, little people will redeem their unit.
So RM1.00 fixed price is intact.
Also bare in mind, they are controlling how much money can be into those AS1M, ASM, so basically, they have lot of control on the fund running ability to pay annually.

The fund risk or only can collapse, if everyone invested Rm1.00 initially, and PNB use the money invested in equities and equities value drop let say 50%, then everyone redeem back at RM1.00 at the same time, then they will have some trouble already in this scenario, which is unlikely to happen.

Unlike capital guaranteed fund, the 90% of the fund money is parked at gov highly secured bonds or AAA rating bonds etc, which you can get back the capital after maturity. <-- that's where they can use the word capital guarantee because it is expected to be happening, unless those bonds also being defaulted, which is another different story.

3) Gov is running on budget deficit, funding need to come from some source, either raise borrowing, issue debt to foreign investors or source it from domestic. Actually it is not that bad for gov to source the funding locally. As instead paying 4-5% interest to foreigner by issuing foreign debt, why not pay to your citizen that eager to look for some return rate that higher than FD one? A win-win situation. Also locally our financial market got lot of liquidity which people save a lot in bank, which the money could be doing nothing actually.

I don't mean gov budget deficit is a good thing, too high deficit indeed a worry. Just instead getting money from overseas and paying interest to foreigner, it is better to fund it locally and keep the money flow within the country.

One of reason of budget deficit is due to stimulus plan.

replies in red

This post has been edited by soul2soul: Aug 7 2009, 09:21 AM

That's why I'm regretting over getting into MBB's HDBS Greater China Fund Almost 3 years now and I'll prob. get back my capital. Minus the interest

<< soul2soul,

1) Are you OLD enough to know UEM reverse take over of Renong in 97/98?? If not, do a google and find out. Yes, securities commission suspended their rule to let it happened. And, the majority shareholders of UEM are the GLIC like EPF, PNB and so on.

I invested in UEM. I lost my money in UEM. From then on, I promised myself not to invest on ANY GLC or GLIC.

You made bad calls in the stocks during the 1997 crisis. As a result, you lost some money, and you blamed the government for this mess.>>

soul2soul,

It is OBVIOUS that you have NO IDEA what the UEM incident is. So, I wish you best of lucks.....

Dreamer

This post has been edited by dreamer101: Aug 7 2009, 09:36 AM

Thank you. I wish you well and happy, and that you will find a safe haven for your investments oversea.

I think you ought to realize , not many people are as rich as you in Malaysia, and their hands are tied, options limited, and Government is their best hope. Take my uncle for example who only managed to save 8k through his 30 years of hard life, if not the government, who else can he trust? you?

bye

This post has been edited by soul2soul: Aug 7 2009, 09:54 AM

if not mistaken, that time Renong later they rename it to UEM something something and later...

consolidate the shares from 20 to 1...., if not mistaken...

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Added on August 7, 2009, 10:05 ammay be a lot of people forgot that all these whatever funds need to invest into share market (DEPEND TYPE OF FUNDS, IF EQUITY WILL BE PUT A BIG PROPORTION INTO SHARE MARKET) ...and mostly if the fund managers choose wrong counters in their portfoloio, then that would be the lost for them........

from the PNB report for previous year, see some of counters they invested are tenaga, maybank, bat, public bank, etc etc....

so it is matter of you let ur fund mgr manage ur funds or u do your homework and try to invest ... like a pro or amataur.....

This post has been edited by Kamen Rider: Aug 7 2009, 10:10 AM

Anyone knows how many units for chinese are left now?

Seems a lot of people are questioning why the gov is seeking so much money from the public. I thought all these was already explained in the budget before when Najib said he would start a RM60 bil stimulus. And that RM60 bil is coming from bonds, sukuk and these PNB funds to try to draw out the RM350 bil worth of FD currently saved by Malaysians.

It's the same like the US saying they have a USD 800 billion dollar stimulus, you think their reserve got so much? They are running at a deficit and are just giving those banks like a paper saying they now have USD xx billion in credit with the government. At the same time the government sells their bonds at record pace to raise actual cash from the public.


But I think this AS1M will share the same fate as the recent ASM. The Bumi units will be unsold and the balance will be open to all races in Sept. Meaning if really ends up like ASM where almost the entire 50% units reserve for Bumi is unsold and AS1M being a new fund with no previous buyers, then almost the entire fund will be basically bought by non-bumis.




This post has been edited by skiddtrader: Aug 7 2009, 10:25 AM

ya lar. But do you know how PNB operates or not? They do get preferential treatment when it comes to IPO for all the bigshots, like the upcoming Maxis USD 2 billion IPO. They just need to hold the 30% of Maxis IPO and they don't even need to sell them at KLSE. Maxis will be paying PNB dividends.

That's why all the foreign stockbrokers and investors have been complaining about malaysian stock market - they are too illiquid.

You look at public bank counter, how much volume ? Not much right? Too little sellers in the market for quality stocks because GLCs and PNB are all holding these stocks for dividend purpose.

This is the reason why PNB can still pay out good dividends during bad times.

It all comes down to this:

Do you trust the government?

The people who don't like Dreamer01, refrains from PNB funds. I trust the government, so I buy PNB funds. It all comes down to your personal perception.

You can just hit everyone like this, as each of us has our own perpetive and opinions, so we can only discuss it....

what i can see that Dreamer 101 has his points also.... and Dreamer 101 has seen many things that we probably never seen it... just like he mentioned that Philipine use to be a country that has a solid economy in old days.... and has slowly lost it fate.....

I am giving you the FACTS, you said I am 'hitting' you?

Discussing means giving facts, where are yours?

soul2soul,

It is VERY SIMPLE. For everyone, I make a SIMPLE request. Google and find out what exactly happened to UEM during 97/98. After you done that, if you STILL trust the government, it is YOUR choice.

1) But, what I cannot stand is PEOPLE choose to be IGNORANT. They are so CARELESS with their own money that they cannot spare a few minutes of their time to find out.

2) I am STILL okay with people be CARELESS with their own money. But, will you SLEEP with a CLEAR CONSCIENCE without checking things out FIRST before recommending this AS1M to someone else?

As for (2), if you MADE a BAD recommendation to your friend and family, you have to live with this for the rest of your life.

It is OBVIOUS from your response that you have NOT done your homework as to what exactly happened to UEM during 97/98.

Why?? What are you afraid of?

Dreamer

This post has been edited by dreamer101: Aug 7 2009, 11:15 AM

Another reason is PNB give lower dividend when economy is good, thus they still able to give fairly good dividend.

The direct impact of AS1M is the banking sector (agent banks).
The deposit base is growing while loans growth is slowing.
If banks cannot chanelled enough deposit money into loans, banks profit
will be affected, as these deposits are not interest free.

If AS1M money is used for the purpose of economic stimulus solely to kick start the economy or provide employment. What revenue is expected if PNB dumps billions into project like Iskandar in Johor or HSSB in Pahang? Can Malaysia grow if Pakatan control key economic states are deprived of stimulas money?

Secondly, PNB might rechanelled most of the money into unit trust companies, to strengthen the industry in view of further liberalisation to foreign players.

Just answer ONE question and I would like to really see your response on this.

where do YOU suggest we put our money that you think PNB is a bad idea? ANSWER

This post has been edited by soul2soul: Aug 7 2009, 11:34 AM

soul2soul,

Do you UNDERSTAND that those are BUMI lot?? Aka,the 30% allocated to BUMI as per NEP. Hence, PNB can ONLY channel those stock to ASB only or else they will be breaking the LAW since ONLY ASB is "BUMI ONLY".

This is WHY ASB pay out better dividend than ANYTHING else. Aka, ASB is a good deal for BUMI.

This is also WHY ASx is not as good a deal for non-bumi. PNB cannot use the same trick to make money for any non "BUMI ONLY" unit trust.

Think!!!

Dreamer

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Added on August 7, 2009, 11:39 amsoul2soul,

1) If you couldn't bother to find out about UEM, you can choose to lose your money in any places.

2) Why do you WORK so hard to earn YOUR MONEY but not willing to spend time and effort to LEARN how to protect YOUR MONEY??

3) Why should I bother to answer your question when you DO NOT CARE anyhow?? It is YOUR MONEY. I just do not want you to spread bad information to cause OTHERS to lose money.

Dreamer

This post has been edited by dreamer101: Aug 7 2009, 11:41 AM

I didn;t said you hitting me..., i think i can gather a lot of opinions from all of you for my references...

thanks...

1. Get over your losses in UEM will ya? it's been 10 years, it's about time to move on dude.

2. You assume too much. How do you know about me not willing to spend time and effort? funny man.

3. That's right. And I don't expect you to give me a single cent from your investment too.

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Added on August 7, 2009, 12:53 pmYou think only. Which Law ? where? Break what LAW? Show us.

So you are suggesting that PNB has to follow the LAW when they distribute their NEP portion to ASB, but they will break the LAW when they run ASx as a ponzi scheme?

So PNB follows the Law when it comes to ASB, but it also breaks the law when dealing with ASx. I am a bit confused here. can you make up your mind? are they following, or not following the law?

This post has been edited by soul2soul: Aug 7 2009, 12:59 PM

Just save the money if want and look what happen first, now it is pointless to done assumption about what will happen in the future, we can't predict it, right?

soul2soul, I suggest you leave dreamer alone. On this subject he's literally a crazy irrational conspiracy theorist.

He will keep asking you to prove your claims while refusing to do the same himself.

He will keep referring to an an incident that happened over 10 years ago without even considering the possibilities that the political & economic realities have changed in the meantime.

From what I can see, dreamer is fine so long as you avoid any discussion regarding the govt/ NEP/ etc with him, because at that juncture he'll go from an experienced investor to crazed ideologue.

(BTW, this is what happened the last time I tried to have a rational discussion with dreamer. I suggest reading the last 4-5 posts on the previous page as well.)

This post has been edited by snowcrash: Aug 7 2009, 01:40 PM

point noted. I also make my point already, there isn't much left to discuss and I am not keen to know his life story anyway.

This post has been edited by soul2soul: Aug 7 2009, 01:55 PM

dreamer did provide a good explanation on 30% bumi share. by breaking law, i presume he meant fund with any non-Bumi share couldnt take advantage on that because of the 30% rule in NEP, hence dividend from new AS1M wont be as good as you think it will be

I DON'T CARE WHAT PEOPLE SAY ABOUT PNB UNIT TRUST.... IT IS AMONG BEST MANAGED FUND IF NOT THE BEST IN MALAYSIA...
WHO WILL GIVE YOU AVERAGE 6 - 10% DIVIDEND RATE (NON BUMI LAR, ASB FOR BUMI ONLY!) EVEN IN THE BAD ECONOMY TIME. PNB CAN PAY AROUND 9 - 12 % EVERY YEAR BUT INSTEAD PAY 6 - 8 % AND KEEP THE REST AS RESERVED FOR BAD YEAR. IF I IN THIS POSITION, I WILL USED UP ALL THE MONEY IN THE GOOD YEAR FOR MY ENJOYMENT...HEHEHEH

ANOTHER STORY, SOME OF MY FAMILY MEMBERS HAVE LOST THEIR MONEY IN THE "BANK BACKED - UNIT TRUST FUND". THEY ARE VERY ANGRY. BUT HOW TO COMPLAINED, THEY HAVE SIGN THE AGREEMENT & STUCK WITH IT. LUCKILY I DIDN'T JOIN THE UNIT TRUST.

SO THE CONCLUSION IS TRY TO SEE FIRST THE UNIT TRUST FUND. YOU CAN SEE THEIR PROSPECTUS AT THE WEBSITE. READ THE FIND PRINT. DON'T LISTEN TO PEOPLE. THINK YOURSELF. YOUR MONEY YOUR DECISION.

IF YOU A RISK TAKER, JUST INVEST AROUND RM100 (MIN) - RM1000 (MAX) FIRST AND SEE THE PERFORMANCE OF THE AS1M FUND (NOT RECOMMENDED TO OLD PEOPLE / WARGA EMAS / PENSIONERS / HOUSEWIVES ETC.)


HAPPY INVESTING PEOPLE...
THANK YOU.

Who you state that it's not recommended to old ppl, housewives, etc?

Agree with you about "your money your decision". However, Don't be to greedy in investment. Everyone want to be rich but I don't think investing all in Unit Trust or ASx is the best way.

AS1M is not as good as other ASx but is better then any UT or FD.

i dont know about UT, but definitely better than FD...but bank insured max 60k while AS1M dont have capital guaranteed. do note, AS1M will have service charge after promotional period.

1% service charge after promotional period??? just a sales strategy, to create an excitment for kiasu non-bumi to grasp.

Got to know from my friend that working in the bank, the available unit still got a lot, if PNB unable to sell the remaining rm7Bil (Bumi + indians') by end of the promotional period, i dont think they will charge 1%, otherwise, they will have more difficulty to sell. i believe by then 1% sales charge will be waived.

Another point is if this AS1M is majority held by non-bumi, dont think it will perform as good as other PNB's 100% (like ASB) or 51% (like ASW) bumi-owned funds. That's why it is only benchmark against 5 years bond rate of 3.75%. It maybe too early to judge, but will see after 1 year.

Thus in my opinion, for those have extra cash in FD, still worth to withdraw and to invest in AS1M, as many believe the dividen will be better than FD, if u have stocks/other UT/EPF on hand now, it is worthless to sell these investments to invest in AS1M, as i think stocks/variable price UT will perform better in the long run.

This post has been edited by cheahcw2003: Aug 7 2009, 04:46 PM

I SAID NOT RECOMMENDED TO OLD PPL, HOUSEWIVES ETC. BECAUSE THESE GROUP NEED THE MONEY FOR THEIR DAILY EXPENSES. I DON'T WANT THESE PEOPLE TO SUFFER BECAUSE YOU WILL BE TAKING RISK. FOR OTHERS THATS WHY I RECOMMEND ONLY RM100 - 1000 FOR INITIAL INVESTMENT. I'M A MAJOR DEGREE IN FINANCE AND BANKING, SO I KNOW THE RISK IN OPEN ENDED UNIT TRUST & CLOSE ENDED UNIT TRUST. THE HISTORY OF THESE TYPE OF FUND IN THE OVERSEAS MARKET ETC. I HAVE KNOWLEDGE THESE IN 1. MONEY & CAPITAL MARKET 2. INVESTMENT ANALYSIS 3. MANAGING BANKING & FINANCIAL INSTITUTION (MBFI) WHICH I STUDIED IN UNIVERSITY.
(DON'T WANNA TO TALK MORE BCOZ U ALL WILL THINK I BERLAGAK NAK MAMPUS)

HAPPY INVESTING
THANK YOU




DISCLAIMER: I'M NOT A AGENT WHO PROMOTE THE PNB UNIT TRUST, WORKING IN BANK NEGARA MALAYSIA, SECURITIES COMMISSION (SC) OR OTHERS FINANCIAL INSTITUTION IN MALAYSIA.

"YOUR MONEY YOUR DECISION"

1. we'll need to wait till the next year to know the exact return.

2. Yup, they're playing on words here, not capital GUARANTEED , but a fixed priced fund. It takes substantial knowledge to understand, especially for those uncle and aunt, some even didn't notice/aware regard this fact and think that it's same as ASM. And the respond towards AS1M not as hot as others unit trust may because of this.

I found that the information provided by ASM site not detail enough, and for your information I can't get the detail prospectus/brochure from others agent like maybank, RHB, CIMB...

chk out this link, it explain pretty well there.
http://malaysiafinance.blogspot.com/2009/0...ysia-facts.html

http://imdavidlee.com/amanah-saham-1malaysia-vs-asmasw2020/

3. Good Question. If you really curious, you need to do read though and found out what's 1malaysia plan is, what's the Ninth Malaysia Plan, budget 2009, etc. You will able to found where the money being invested and How much allocated in development of country, how much allocated in doing investment, etc.

you may read this as well:
http://malaysiafinance.blogspot.com/2009/0...tegy-ahead.html

Certainly, gov encourage citizens to INVEST, they don;t want ppl to put sooo much money in FD. This make us feel kind of pushing. Nevertheless, This is one way of raising fund for the gov. Each investment carry a risk, AS1M is another option of investment. Just do some research before you put your money in.

It looks like Unit trust become more and more popular. Others private bank as well, launch a lot of new product line, like unit trust, mutual fund, insurance, financial planning,etc.

Judging to the political and economy environment now, where is the best place to put your money in?

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