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

I got 1 mail from ASNB today, which has some sort of brochure to invite me to join the AS1M fund.

It also has a history of funds which uses KLIBOR as a benchmark but shows it pays out more than what it is bench-marked against.

Wah AS1M really can't get subscribers meh?

FYI, I have not subscribe to AS1M. Only invested in ASM.

It would be a real heartbreaker for a lot of people when a year from now, AS1M announces 10% dividend just to spite the people who didn't invest in it. hahaha

...though that would include me.

Only AS1M is available for purchase by non-bumi at the moment.

ASW and ASM already fully subscribed.

Depending how much you trust the government is probably the risk.

Excluding the collapse of PNB and probably the government;

In terms of financial risks of complete loss, zero.

In terms of financial risks of no returns, negligeble but not zero.

In terms of risk of less return compared to other safe investments, moderate risk.


Basically falls between FD and other unti trusts. You get the apparent safety of FD but not the potential profits of unit trusts.

All in my opinion anyway, everyone here has one of their own.