I'm not one to bursts everyone hopes but I kinda have a rough idea as to why SC would shoot down the idea. It is safe to say that all of PNB's fixed priced funds easily accounts for a large majority of the local stock market. If one is to assume that these funds make up say 1/4 of the entire market capitalization, any "run" on PNB where its investors decide to redeem their units would be catastrophic to the stock market.

Remember that these fixed priced funds are pegged at RM1 regardless of its actual NAV. Even if the NAV for these funds are MYR0.70, PNB still has to honor the RM0.30 difference by whatever means necessary, including liquidating its equity securities at fire-sale prices. This has to be done as PNB honors redemption transactions on the spot or issues a cheque for large transactions pretty much on the same day of the transaction.

If you put yourself in the SC's shoes, you can see the systemic risks that these fixed priced fund can cause in the event of a severe economic slowdown and a run on PNB. Having ASB+AS1M+ASW+ASD+ASM wipe out a large chunk of market capitalization is not only bad for the stock market but creates after-effect shocks that can shake the entire economy. Panic is not good for anyone.

My assessment that PNB's fixed priced fund make up 1/4 of the entire market capitalization maybe on the low side. Judging how large ASB alone is, one could speculate that PNB's exposure to the local equity market might be higher especially since its true equal is only EPF because Khazanah is allowed to diversify its investment overseas and you can't do a "run" on Khazanah . One can't simply withdraw from their EPF or LTAT or KWAP but one can easliy do so from PNB.

That's how I come to the conclusion that SC will not sanction future fixed priced funds but....

There's nothing stopping anyone from hoping and wishing there is

Good analysis
If u r holding 1 of the fixed price Funds now, will u liquidate if CI drop to 400 points?

Agreed as they need to diversify the assets into equity, bond, money market, cash n etc

have u guys ever thought of parking your funds in someone else's account?

get a trusted bumiputra fellow / friend. write up a contract. give him 0.5% earning. then u can top up as much as you want into his account.

i know a few of my non-bumi friends do that... i wondered why no one mentioned about this here?

park the fund under ASB. ASB declares 8+% dividend. u give 0.5% to 1.0% dividend to account holder and pocket the rest. it's still better return than ASM / ASW /AS1M

Yape, agreements although could be signed but there would be still risks of not getting back the investments..

Its like when people owe us money, it is not our money yet..

Always remember, MONEY IS NOT YOURS UNLESS ITS UNDER YOUR NAME... 

i have been a silent reader in this forum for last few months. managed to topup in AS1M last month around RM1250. this month only RM50. sigh....

btw i am non bumiputra.

wow !!

I only got 300 for ASM, no account for AS1M

yup can consider very lucky that day.

yea.

50 1/8
50 2/8
50 2/8
50 12/8
100 19/8

Weekly basis also can't get that much O.O

i went to post office that day to pay some bills. i take first number and the staff say no units after checking. then shopping a bit come back try again. luck on my side. first attempt RM10 then got RM50 then the amount gets bigger. The highest one time attempt i manage to get is RM400. After that no cash available to topup anymore.

Same spot. The PM people say " encik, nak try sekali lagi tak ? "

I so damn happy u know.

But think think think, how she know or predict.... maybe there is more than 100 units....

then i

or i think too much LOL

Well, i have less trouble in trying to top up in account in PM..

But when it comes to bank, the whole issue come out like:-
a) The Officer will tell me..'you have to wait because i have to entertain other clients also'
b) They show you their sorrow face when you are trying to deposit
c) I even received comments like.. 'Chinese very difficult to bank in, you still wanna try ar?'

Ai yo, so many excuses and issues.. I prefer PM la.. lol...

Yape, there was one time i went to a bank..

The next queue is me, for waited 20 minutes never call my number one..

Make me feel frustrated with their service.. The bank name starts from C.. Haha...

Right now, I even dont want to maintain a savings account with them.. Always creating problems with me. 

Agreed
The only setback is the quantum of top up
If u want to top up big $ in PM, need to carry cash which is a bit risky
If u want to top up big $ in Bank, no need to carry cash. Just contra with CASA/FD plus no risk at all

Start to build good rapport with your regular banker n staff lo 

Of coz
Bot 5k @ 1st time a couple of times b4

ASW2020/ASM/AS1M

No specific occasion 

Yape, not only that... Between 12pm to 2pm (if i still remember), if you go there, they will tell you the counter will only open at 2pm..

Bank C is the worse.. lol... 

Very ulu branch in sarawak. Not sure if they are still willing to do kopi o stuff or not. Will ask them next week since my asw2020 almost max.