Those who are familiar will know that ASNB's mantra is "competitive and consistent returns" which is why they are the very few fund managers that c/f earnings to the next financial year. They may not win many awards or have bumper yields often but they have the track record of providing returns year in and year out.

A lot of people miss this point and just go for those with recent high returns or has 5 stars/rating funds

If you're looking for decent, stable returns with low risk, ASNB's funds are it. If you really want to chase double-digit returns, go for hedge-fund terus lah lagi power

wow u read my mind, only that I didn't express it like you

Hi guys,

In RHB Bank today. Asked the manager again on variable price dividend. Told him I heard variable price funds are NOT pro-rated for dividend distribution. He called another person who called back again to confirm. So the variable price fund dividend is based on available balance b4 entitlement.

Thanks !

This post has been edited by bbgoat: Sep 15 2014, 05:27 PM

Yes, I really hate those UT that I bought >5 years ago. Some drop by 10 to 30% in 1 year but could recover like yo yo later. Consistent return is much better than one that swing up and down like no control whatsoever.

okay. Now I know the actual thing.

Thanks for confirming with the manager

It proves that even bank manager may not know the fact/details. The manager is kind of young. Last week he even told me he has checked before but today turns out the other way round. But at least he did call to someone else who still need to double confirm on this. You guys are the one that know all !

The manager is doing his job. if other people, they would juz simply hentam some info to us (if we're newbie) & we follow blindly

Tis prove tat not many PPL knows how variable funds work

1-2 hours?
i intended to transfer 100K to my sis account, asked 2 counters to do it, one counter staff process the sell transaction, another counter get ready to take up the unit sponteneously, guess what, able to capture 50K, the rest gone with the wind within few seconds.

For those wanting to open new account to buy fixed price fund, no way to open the new account now ? Or have to wait when there is units available, then open new account to buy it ? The RHB manager told me cannot even try.

Sorry, hope I did not sound like broken record. Cannot seem to get a clear answer for the above.

This post has been edited by bbgoat: Sep 15 2014, 07:38 PM

Within 1-2 minute?

I donno la. I'm juz sharing what the counter staff told me. She said one evening got one customer withdraw around 120k. For 1hr+ she managed to get the units for her clients & friends. after tat, already sold out

wow! 50k gone within few seconds

anyway what ASx fund u did the "transfer"?

This post has been edited by davinz18: Sep 15 2014, 08:07 PM

For sure win to open new a/c for fixed price fund, need to wait when ASNB offer new units
Having said tat, need to q from 6am onwards to secure '1st come 1st serve' basis

OK, so have to wait when new units are offered. Miss out the boat years ago already !

Thanks !

6am is TOO LATE... last time I went around 5am, already have 10 people waiting there. Ask the 1st person what time he came. Guess what, 4am!!!

Really !!?? Not easy to get it, not easy money in a way !!

Reminds me of AS1M release day a few years ago. Took half a day off, I went to MB and I was the 3rd in my queue. Guess what? I was very lucky, after my successful transaction, the 4th one in my queue could not open his account. All taken up in less than 1 hour. We non bumis are the desperate lots! Ha.

As long as reach b4 7am is fine

Yet to factor in some investors (in front of u) carry along more than 5 books for top up

Another challenge is pray systems @ Bank is not congested (i.e. offline) during PEAK session