Extract from ASNB latest master prospectus for ASW2020:-

Approved fund size : 16.615 bil units
In circulation : 15.85 bil unit

Assume they declare 6.80% dividend, a total of 1.07 bil units must be issue
Add to existing in circulation = 16.9278 bil units, alredy exceeds approved fund size

Did ASNB announce d increase in approved fund size for ASW2020?
Otherwise they need to declare 4.82% dividend in order not to xceed approved fund size

Predict ASNB will issue a Supplementary Prospectus (SP) by dis month
The SP will be posted in their website
In d SP, one of the agenda should be d increase in approved fund size for ASW2020 from 16.615 bil units to xx.xxx bil units
The rationale for d increase is to cater for d eventual units in circulation (after Div on 1/9/2013) as d current approved fund size is not enuf if ASNB declare Dividend of 6.60% (assume same as Yr 2012)

anything lower than the current BLR will hurt many people

I know d non-Bumi funds for ASW2020, ASM n AS1M have been fully subscribed
Did anyone manage to top up non-Bumi ASW2020, ASM n AS1M via maybank2u.com (try luck in case someone withdraw)?

latest update this morning: ASW2020 bumiputra quota is almost depleted. I tried 50k and failed. first time after so many yrs not able to deposit that amount. tried 40k, 30k. eventually can only put in 20k...



now i'm scattering to check AS1M funds availability.

Me and you also got

Bro, u top up everyday?

Wow, u have so much $$$
U take how many months/years to reach dis level?

How u know?

it's not mine. rather, it's one of the investments accounts that i manage for some clients 

i'm now seriously contemplating to port all money from ASB to AS1M (hopefully still available) and do a full ASB loan (up to 400k)

still doing some simulations and will consider the best tenure period and loan amount needed

by my rough calculations,

1. loan interest rate: BLR (6.6%) - 1.65% = 4.95%
2. ASBRTA - ASB reducing term assurance = RM 1,200 per 100k loan (assumption)
3. effective interest rate (include ASBRTA) = 5.15% (assume the ASBRTA takes another 0.2% interest)

ASB Dividend: 7.75% (2012)
AS1M Dividend: 6.6% (2012)

Nett return: 7.75% + 6.6% - 5.15% = 9.2%

that is EXCLUSIVE of ASB bonus...

let me think and present this to my client within these few weeks. thinking of doing this and disburse the loan and transfer the money on 01 October 2013 (Tuesday) and maximise on full year dividend

or should i try to put it in Tabung Haji savings? it gave out 6.5% (dividend) + 1.5% special bonus for 2012, giving account holders a nett 8.0% return...

TH awesome dividend was only for year 2012. dunno how it will perform in the future. plus, TH head is UMNO crony now. just like how PNB's current CEO is.

I am more worried that with poor governance, CBT and scandals will be more rampant. TH is already famous for a state director committing khalwat, a few top execs emblazoning a few hundred millions and numerous spare change cases...

the crony has just clocked into the office a few months ago. what effects you may see will only show maybe 2 - 3 yrs down the road. hopefully it won't go that way. i pray.

today go check ASM, no more liao......... 

I don't believe that's a fair assumption to make. Difference between fund performance depends on many factors. The age of the fund is one. A fund that is older would have been able to pick up good dividend paying blue chip stock at a much lower price 20 years ago compared to a new fund setup 5 years ago.

Another is of course the size of the fund. A bigger fund would have much more leverage than a fund that's smaller in its size. When you have a large base, you would be able to take a bigger advantage of market fluctuations.

When top up at PM/ASNB, need to bring cash
If not successful, need to carry cash back home which is a bit risky
Does PM/ASNB accept other mode of pymt besides cash?

what i mean is for those people dont have passbook, he managed to get new issue, no top up.

For those who are going to start a new acc for ASG, report it here if you success.

All agent here not allowed us to do it.

New passbooks had arrive, but the particular printer to do it haven't.

taking how long for the ASN3 last time?

this is like a month already.

bery slow @@

Xtract from ASNB website

Saiz Tabung ASW2020 : 17.945 bilion unit. 

The above unit differs from 16.615 bil unit as per latest Master Prospectus