Fund size for ASB - Tiada had

They couldn't turn back d clock
Instead, dun let d music stop...

Can u close this thread?

Just noted it was closed!
Wat happen?

Both ASW n AS1M is fixed @ 1
However, both sold out now

Read this link
http://www.asnb.com.my/asg.htm

Too early to predict

The impending launch of the second Amanah Saham Bumiputera (ASB2) fund will appeal to investors who have already reached their maximum investment limit in the original fund.

“The ASB is an established fund with a long track record, and many investors would have hit their investment limit of RM200,000 per individual,” said a fund manager who declined to be quoted.

“The new ASB2 offers an opportunity for them to increase their investment,’’ he said.

The original ASB was established some 25 years ago by Permodalan Nasional Bhd and boasted an uninterrupted stellar dividend track record.

Many of the fund’s early investors like pensioner Siti Rohani Abdul Kadir, who had kept her savings untouched in the ASB for about 20 years, had already tripled the money on their original investment.

Analysts believe the upcoming ASB2 will retain the original fund’s “uniqueness”.

As of Dec 31, 2012, there were some 7.82 million individuals holding 110.3 billion ASB units.

The ASB’s price per unit was fixed at RM1 and the maximum investment for each eligible individual was limited to RM200,000. The philosophy of the first scheme was to generate long-term, consistent and competitive returns to unitholders at minimum risk.

One fund manager said it was likely the ASB would be capital-protected, as the banks that lent money to potential ASB investors would want some form of guarantee.

“This was one of the main reasons why the banks lent money to many individuals who took up the ASB. If the ASB2 is not capital-protected, then I don’t see how potential ASB investors would get financing from the banks. Without financing from the banks, take-up rates won’t be great,” said one banking source.

The banking source said that the dividends for the ASB in the last few years were more than enough to offset the financing cost taken up by (ASB) investors to finance their investments. “Returns in the last few years have also been very attractive at about 8.5 sen.”

News reports have indicated that the RM10bil ASB2 fund will be launched in April this year. A daily yesterday speculated that the price of the ASB2 would be likely fixed at RM1.

Philip Capital Management Sdn Bhd chief investment officer Ang Kok Heng said the ASB2 had to show steady returns to deliver dividends that could match the first ASB.

“ASB2 is being launched at a time when the market is near a record high, so the fund has to do really well to deliver the good returns. It will be challenging in the short term, especially in the first year. However, over the long run, equities will still give better returns of more than 6%,” he said.

Need to work xtra hard n dun give up

Tat xplain y it's tough for non bumi to buy ASW/ASM/AS1M

Keep coz yo persistent could pay off in someday

Just order ice lemon tea to cool down