is the return rate min 7%';

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? 

---

Added on August 6, 2009, 4:59 pm
As 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.

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?

August 18, 2009 20:58 PM

1.9 Billion AS1M Units Subscribed
PUTRAJAYA, Aug 18 (Bernama) -- Permodalan Nasional Bhd (PNB) announced Tuesday an estimated 1.9 billion Amanah Saham 1Malaysia (AS1M) units have been subscribed since it opened for public subscription on Aug 5, 2009.

Its President and Group Chief Executive, Tan Sri Hamad Kama Piah Che Othman, said 10 billion AS1M units, priced at RM1 per unit, is being offered for sale to all Malaysians aged 18 years and above.

"So far, about 1.9 billion AS1M units have been sold. There is still a lot more units available for subscription," he told reporters after handing over prizes to winners of PNB Investment Quiz 2009 here tuesday.

Malaysians, aged 55 and below, can purchase a maximum of 50,000 units while those above 55 years can subscribe up to 100,000 units of the units which was launched by Prime Minister Datuk Seri Najib Tun Razak on July 31, 2009.

The fixed income fund has similar features as Amanah Saham Wawasan 2020 and Amanah Saham Malaysia.

-- BERNAMA
http://www.bernama.com/bernama/v5/newsbusiness.php?id=433958

I think this time around, the RM3bil allocated to Chinese are rather difficult to be fully subscribed by Chinese by 3rd Sept.

If this is the case which Chinese quota is not finish by 3rd Sept, the bumi quota will not finish forever and Indian quota maybe finish around 5 - 8 months (given the cap is still 50,000/100,000  per account ) if not maybe finish earlier for Indian. Bumi as usual forever won't finish like ASW 2020 Bumi Quota.

True, but PNB CEO told yesterday that if the bumi people participation on AS1M is increasing, then PNB may consider keeping the Quota. Not sure if only the bumi quota are retain or all the race quota. If they only retain the Bumi  quota, then it will be like ASW 2020. AS1M will be 50% bumi, 50% non-bumi if PNB retain the bumi Quota. 

IMO, since Sukuk 1M don't have any charges when selling, maybe can put existing FD to it. Then if ASW/M issued, withdraw some Sukuk over to ASW/M. Thing is, will sell sukuk be a hassle on that day if were to sell it off in order to purchase ASW/M. 

1. I notice that at every dividen pay out, say they give 5 cents. The buying price will drop as well. So, actually wats the point of ASN?

2. ASB have dividen and bonus right? the bonus will max out after 10 years, correct me if im wrong. But wat happen if i touch the money? Will it reset to zero?

No yet. 3 days back PNB announced dividend for ASW2020
at 6.35sen. The first dividend for AS1M supposed to be due after
Year End at 30Sept2010. Just have to wait.