Aug 7 2009, 04:45 PM
QUOTE(hocklai8 @ Aug 6 2009, 05:12 PM)
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.
1. we'll need to wait till the next year to know the exact return.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.
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?
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