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.

Public Mutual Fund == PNB Fund = RETARD?

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

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.

The Government should now revise the FD rate to 0.75% per annuam inline with global market rate.

If by 31Dec2009 all remaining unsold units will be sold to EPF indirectly invest on behalf of all malaysian.

Before i invest money in this fund $15,000 can buy 10,000 kilo of sugar. Atfer waiting for 1 long year togather with VERY HIGH interest rate of 5%, $15000 + $750, i can only buy 9,000 kilo of sugar. OR i buy the wrong kind of things?