Interesting infor.

Can't get to ASNB today, some web problem from my end.

Do you know the take-ups for the bumi and non bumi for all the fixed price units?

Bumi take-ups are about the same in all the fixed price units or is there one with very good/bad bumi take-up?

Thanks.

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.

I've been saying it for a few threads now (since V4 I think), it's highly unlikely that they'll be ALLOWED to issue anymore new fixed priced funds or allow for the funds to grow other than via dividend distribution. ASB2 in my view was a freak of nature, pure luck. Najib just went against BNM and SC to entice the younger gen-y group.

Fixed priced funds provide too much systemic risk towards the local stock market. In the event of another 97/98 were ever to happen again, it would be too much of a strain on PNB/ASNB's finances to honour the RM1 per unit valuation when the actual NAV drops below RM1. Remember, their assets under management or units in circulation now is much, much larger now than it was almost 16 years ago.

I've read somewhere that some guy did some calculations and all of ASNB's fixed priced funds if added together actually represents about 300+ points of the KLCI. So in theory, if another 97/98 were to happen again and people withdrew from the local stock market the same way that people did back in 97/98, KLCI can lose 300+ points just from 1 fund manager alone 

If you can understand this point that you'll understand why we all have to live with the existing fixed priced funds and its current size limitations
ps: I've also heard rumours that SC may also consider stopping PNB from paying dividends in units to stop the fixed priced funds from growing any larger 

Just maintain saving account or current account with the agent bank, authorise the bank to "transfer" the money from bank account to ASX fixed price fund.
Just to make sure the saving/current got sufficient balance.

Need connection and relationship, that is why bank has so call relationship banking..

No dividend and fixed price, then how to grow? 

Same as keeping the money under the pillow. 

SC has the power to tell PNB what to do? 

Dividends in cash and not as reinvested units, I see.

Not that bad as that will give me a good excuse to diversify/jump to another investing vehicle without that much regret. Ha.

ASNB can submit features of new Fund (i.e. fixed pricing) to SC but subject to approval

I know AmInvestment Services offer AmIncome (MM) with fixed buy/sell price @ 1.00 each

Sorry that I was not clear with my query.

I was referring to govt bodies like ASNB "helping its citizens" with better returns. I was not referring to units with fixed prices.

Any other countries? Or are we the only one?

Yup

Less than 3% pa payable monthly

Tis product for u to park xces Funds on short term basis

No minimum duration for tis product
U decide how long u need (min 1 day)

Tats y u can't compare tis product with Bank 1 mth FD

hey guys,
why do you think bumiputeras would purchase the ASM, ASW 2020, AS1M, when they can purchase ASB which yield much better returns? 7 + 1 %?

wah, so many of them already max out? O.o

btw, did any of u guys manage to get the fixed price today?

also, if u guys can choose to invest in either ASW2020, ASM or AS1M, which one would you prefer and why? hehehe

Not sure on whether on this coming October 2014, will the gov announce some special fixed price funds or not.. 

Malaysia Budget 2015 announcement which would be held on 10 October 2014..

I recalled last time that the details of AS1M was also out during the budget announcement..

Hope for miracle..