I'd bet an iced-latte that you were trolled

PIDM only insures bank deposits and ASx just like any unit trust product isn't covered by PIDM.

7.5 sen income distribution and 1 sen bonus for ASB announced. First time (if memory serves me right) that ASNB spending more than RM10 billion alone just for income distribution

True. Imagine if all of it is withdrawn and spent on the local economy. We would have RM10 billion injected to generate businesses and transactions. Given how weak consumer sentiment is, RM10 billion flowing into the local economy is exactly what we need to avert more problems.

Unless I'm wrong, there's no product that is insured by some party that can even provide half of the returns that ASB can. Your options are limited if you're going to look into products that are insured as TH, ASNB and other UT products fall under the same category.

Risk/reward, it's up to you but I know a bus-load of people who would rather have the opportunity to invest in ASNB fixed priced products and worry less about PIDM.

Hhhmm... Based on the last price before suspension, the yield on that would be above ASB (last price around 81 sen I think). Actually if calculated on 02/01/2015, yield on ASN might be more than 8% Given how bad the market has been this this past few months, the fund managers must have cabut out a long time ago

Alamak me not sifu lar Hehehehehe


That would be music to SC's ears. Sorry ladies and gents but unless Najib does another dictator directive (like ASB2 previously), I don't think there'll be any new fixed priced funds or expansion of any of the existing fixed priced funds. That would be my view of things...

I think this was discussed in an earlier version of this forum. There's a difference between capital guarantee and fixed priced. Basically, ASNB funds are fixed priced in nature due to the fact that no matter what the actual NAV is, investors are assured that their investments remain at RM1. That means that even during tough times (1998 for example), even when the local stock market tanked and the NAV would probably be less than RM1, ASNB continues to honour investments at the same value regardless if it means it is a loss to them.

Other unit trust products do not have such a feature so if things go bad (like it did in 2008) and your investment value is less than what was invested, it's your loss. ASNB is unique that its funds are like that, I do not know anywhere in this world where you could find something like that other than in Malaysia.

They may not have a "huge" year in terms of dividend pay out as compared to some UTMC but they've always preached consistent and competitive returns. Low risk and medium returns is what most people are happy with.

Wow! This is quite the news. Do you have the link to it? Nowadays I've observed that GLC's hardly promote from within but always take someone from outside. The days of promoting from within are long gone...

Hahahhaa... Where got strategy so canggih wan. Just keep 30% of returns every year for rainy days than can give out consistent returns lar. May not get you so many stars from the rating companies but at least consistent and above average.

Btw, TQ for the link

Well here's my 2 cents. We'll have to look back as to why PNB/ASNB was setup in the first place. Once one understands that than you would understand how the organisation works and why they continue till this very day to hold a certain "agenda".

PNB/ASNB has been around for more than 30 years (if I'm not mistaken) and I don't think even half of that time were PNB/ASNB funds were available to non-bumi.

Just my 2 cents, just the other side of the coin

Fixed priced and variable priced funds have their own advantage/disadvantage that one should consider. Personally there's no harm in diversifying in some variable priced funds to take a bit more risk, as they say high risk/high reward.

However if you're not willing to take the risks of price fluctuations than I guess ASB2 isn't too bad. We'll know how good it is in March this year

I guess I'm one of the very few who's very worried about EPF's high dividend distribution. Mainly because EPF's mandate for equity should not exceed 45% of the VOF and MGS are yielding next to nothing. Everyone knows that KLCI had negative returns FY2014

EPF is supposed to be conservative in terms of its investment outlook and when it starts to performing better than equity heavy growth funds, I'm getting scared. How do you get returns that doubles MGS in a year when the local stock market had about -10% returns? I hope that they're not delving into some weird derivatives or options or futures thingy because like me, 99.99999% of Malaysians rely on EPF for retirement.

Then again, maybe it's just me.