I've been following this thread for an awfully long time and I'd like to share my 2 cents worth on those waiting on the PNB's next fixed priced fund...

Personally, I don't think they will launch another one. Even if they would like to, the authorities wouldn't like it too much. PNB/ASNB's AUM is now in the billions and represents a huge chunk of our equity stock market. Mind you, some would deem them as a shadow bank because of their size.

And it is due to this very reason why the regulators would somewhat frown upon them if they were to launch another fixed priced fund. Imagine if its customers were to do massive withdrawal ( a run ) due to one of many potential reasons (economic crisis, political unrest, etc2..), it would be disastrous for the equity markets. And since fixed priced funds are pegged at RM1 regardless of its actual NAV per unit, it would make things worse. Unlike EPF which also has an equally large impact due to its size of participation in the equity markets, you can't do a run on EPF as the latter's withdrawal is governed by rules and regulations.

The next economic cycle is coming up (1997/98, 2008, 2017/18?) so even if they were allowed to come up with a new fixed priced fund, it wouldn't really be a good idea. They might consider one post 2017/18 if they picked up equities during the anticipated upcoming downturn.

Again personally I doubt that they'll be coming up with another fixed priced fund. They may potentially expand the existing fund sizes but that again would not be "liked" by regulators such as SC and even BNM. Mind you, these fixed priced funds are classified as low risk medium return investments. Chasing yields for it in order to give healthy dividends is not easy.

Just me 2 cents

I've been following this thread for an awfully long time and I'd like to share my 2 cents worth on those waiting on the PNB's next fixed priced fund...

Personally, I don't think they will launch another one. Even if they would like to, the authorities wouldn't like it too much. PNB/ASNB's AUM is now in the billions and represents a huge chunk of our equity stock market. Mind you, some would deem them as a shadow bank because of their size.

And it is due to this very reason why the regulators would somewhat frown upon them if they were to launch another fixed priced fund. Imagine if its customers were to do massive withdrawal ( a run ) due to one of many potential reasons (economic crisis, political unrest, etc2..), it would be disastrous for the equity markets. And since fixed priced funds are pegged at RM1 regardless of its actual NAV per unit, it would make things worse. Unlike EPF which also has an equally large impact due to its size of participation in the equity markets, you can't do a run on EPF as the latter's withdrawal is governed by rules and regulations.

The next economic cycle is coming up (1997/98, 2008, 2017/18?) so even if they were allowed to come up with a new fixed priced fund, it wouldn't really be a good idea. They might consider one post 2017/18 if they picked up equities during the anticipated upcoming downturn.

Again personally I doubt that they'll be coming up with another fixed priced fund. They may potentially expand the existing fund sizes but that again would not be "liked" by regulators such as SC and even BNM. Mind you, these fixed priced funds are classified as low risk medium return investments. Chasing yields for it in order to give healthy dividends is not easy.

Just me 2 cents

Maybe we get a new PM after UMNO Meeting ?

You got some good point there.
So the conclusion is NO New Fixed price fund.  Too bad those waiting to invest 

Although no news funds being launch.
If u notice, the fund size keep on increasing after the declaration of the dividend paid. The dividend paid is partially by the sales of new shares.
If u read the ASM 2013 fund report, u will know what I meant

I know what you mean. Those are additional units being reinvested & the size keep increasing year by year.

What I mean at the previous post was, there's no chance for adding / investing new "money" into those fixed price fund.  Pity to those wanting to buy additional units (including me  )

I believe (and hope) that sooner rather than later, PNB adopts online transactions via its own website/portal. That would certainly help those who have to rely on physically going to banks to try their luck although I can only imagine the volume the site would have to handle given the amount of people who will try their luck (now one could only do it during lunch time but online....every 2 minutes also can!) to perform additional purchases for their fixed priced funds

Raya time in August will be a good chance to buy some units.....

Raya time maybe Malay investors may withdraw some money from the account but it doesn't help non bumi at all as most funds like Asw2020, As1m, ASM have bumi quota.
Bumi who sold their units could only purchased back by other bumi investors.

is that means non bumi can buy the unit sold by bumi?

why do u think non-bumi will sell during raya time?

Please do not make any conclusion without fact which might confius other read...

moderator, should we create confusion info for other reader?

I really wish PNB would increase the maximum deposit limit for ASB funds. The current 200K is insufficient. 

I really wish PNB would increase the maximum deposit limit for ASB funds. The current 200K is insufficient. 

Cybermaster98,

There are lot of investment opportunity to open only for Bumi, it is an investment not only put all eggs in one basket. Other investment such as AHB, bank rakyat, persatuan bank, ASD, Tabung Haji, koperasi saham and etc. You can do your own calculation for such opportunity compared to other races.