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 AS1M, ASM, ASW, ASB V2, PNB fund

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htt
post Aug 6 2009, 02:29 PM

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QUOTE(yahiko @ Aug 6 2009, 02:03 PM)
Can~ you must fill in the withdraw/transfer form.  But don't know they got charge or not like other bank.  smile.gif  icon_rolleyes.gif
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No charge.
htt
post Aug 7 2009, 07:04 PM

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QUOTE(cherroy @ Aug 7 2009, 05:19 PM)
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.
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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 cry.gif
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
htt
post Aug 8 2009, 12:35 PM

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QUOTE(cheahcw2003 @ Aug 8 2009, 12:58 AM)
More Than 1.4 Billion AS1Malaysia Units Sold August 07, 2009 19:50 PM


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
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This is delighting news indeed, at least clear most of the doubt... rclxms.gif
htt
post Aug 8 2009, 12:54 PM

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QUOTE(soul2soul @ Aug 8 2009, 12:49 PM)
Good news. You think the GOmen monitor this website one?
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Green Dam?
htt
post Aug 9 2009, 06:29 PM

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» Click to show Spoiler - click again to hide... «

Good post rclxms.gif

This post has been edited by htt: Aug 9 2009, 06:32 PM
htt
post Aug 12 2009, 08:28 AM

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QUOTE(lowyatben @ Aug 11 2009, 05:47 PM)
But then it is fixed price. I'm confused again...
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Think you refer to previous page, someone just posted quite a good article for that. tongue.gif
htt
post Aug 12 2009, 05:02 PM

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QUOTE(eses @ Aug 12 2009, 04:49 PM)
is it true for as1m the bumis got 9% per annum and non bumis only got 6% per annum as dividend?
im curious..just asking
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If that's the case, then they should name it as AS2M. Don't think that's true, if there are 2 classes of share, it should be made known up front.
htt
post Aug 13 2009, 04:21 PM

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QUOTE(vergas @ Aug 13 2009, 03:52 PM)
I shouldn't be surprise about this.
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I will be surprised if the 30% fully taken up in days tongue.gif
htt
post Aug 14 2009, 01:32 PM

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QUOTE(Life_House @ Aug 14 2009, 09:21 AM)
wat it meant by 'stamp' on it ?>
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print on it.
htt
post Aug 19 2009, 07:39 PM

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QUOTE(dreamer101 @ Aug 19 2009, 07:36 PM)
soul2soul,

PNB invest in stock market too.  In fact, 70% to 80% of ASx is in stocks.  So, what makes you think that it is LOWER RISK??

Dreamer
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Think is the 'fixed price' words... tongue.gif
htt
post Nov 15 2009, 09:40 PM

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QUOTE(hackqym @ Nov 15 2009, 10:09 AM)
I open ASW 2020 account in 1996, since then i never changed my book because never take out the money. I read at the book cover stated that u can only withdraw only 4 times per year. I dunno whther it still applied now or not
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Withdraw 4 times a year? Don't think they care about that... tongue.gif
htt
post Jan 6 2010, 02:55 PM

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QUOTE(donpapachino @ Jan 5 2010, 12:18 PM)
i did take up asb loan 3 years ago using maybank 'fixed amount' standing instruction. cant remember the BLR rate back then, but since the BLR have been reduced, i have been paying more than the required amount.

seems that i cant change the standing instruction to fluctuate according to BLR, but just that my loan tenor might be shortened since i pay more. but if BLR increase, then tenor will be longer. hmm.gif
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BLR lower, excess used to pay up the principal sum;
BLR higher, maybe can do a lump sum payment.

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