This is the second time you post something in this nature. Do you care to explain your reasoning?

If ASM go bankcrupt, i think ASB also bankcrupt...

Both of them almost got same portfolio in share market...

Maybe.

But I have already enjoyed 100% percent gain from ASM..Now currently enjoying profit.....

Cheers mate!!

i did sold some units some time back....I think you have a point there but i think if the money is for FD purpose and gaining like 2.5% interest and ASM give at least 5% dividen without affecting the value of the units, go for ASM...Depends on risks that people take...

For me, ASM is like saving for emergency fund as you say need to have at least 6 months savings.

OOT: Next will be on foreign FD and Stocks.

Cheers mate!...

dreamer101,It's easy to stand on the sidelines & question people about their alleged lack of knowledge with random questions & CRAZY CAPITALIZATION. There is always incomplete information driving any market - it's why we have a lucrative consultancy industry.

Now, if you have any actual arguments (or even better, evidence) as to why PNBs implicit govt guarantee is not believable, please present them & live or die by the weight of your arguments. If you're just gonna sound like some crazy irrational OMG TEH GOVT IS GONNA ROB US!!!!! conspiracy theorist with snide asides about how everyone else is a sheeple while you're the lone proud Doubting Thomas, sorry, but those questions you like asking everyone else about WHAT they know & WHO are they to recommend to others? Ask and answer them for yourself first.

In short, dreamer101 (& to a lesser extent, Lawyer1), put up or shut up.

Which track record would that be dreamer101?

A singular event that took place years ago under a different administration & a completely different political climate? A climate where the leading political party was secure enough to undertake such damaging actions due to the weakness of the opposition party at the time?

Or the track record of the returns of the ASM fund for the last 5 years, which has comprehensively beaten the FD rates by almost twice, including in a prior recession?

Please clarify which track record you're referring to.

No. Neither of my parents are Chinese. They are part Chinese but NOT pure Chinese. They are both Sino-Kadazan. Both bearing Chinese surname. One of their ancestors from long time ago have got to be pure Chinese. There is where the Chinese surname came from.

  None of the millions of southern chinese in Yunnan, Guangxi, Guangdong and Hainan are HAN Chinese    ?? Very interesting !! Care to explain how you know there are not pure Han Chinese GENETICALLY ??? I thought there are billion of people in China and majority of them are Han ??

Newspaper or TV news will do too.
It is my way to differentiate local Chinese with Sino-Kadazan. I do not know where did you get this information that Chinese from the Southern China are not pure Chinese as my friend who studied about the Chinese culture and went to China just to study everything about Chinese did not know this. Even history shows that Korean and Japanese were all once Chinese and their ancestors came from the mainland. Anyway, we have gone off-topic too far 
Majority of them are indeed Han Chinese. So are the Chinese overseas. They all are Han Chinese. Local old folks also like to refer themselves as 唐山人.

PLC255, what u said is true, PNB can change their policy anytime, even declare a negative return for the fixed price fund, or make ASD/ASW/ASB fluctuates, but before they doing that they need to consider the consequences of the responds from the millions of the depositors (which mainly from Bumi group).  What i mentioned here was judeging from the hostorical records, PNB has been consitantly pay above 6% return for all its fixed price funds. Thus ASW/ASM still better off than FD, in any case.

As i mentioned earlier, PNB was initially set up to help BUMI that do not have much knowledge in investment, it was only started to open to non-bumi when ASW was launched in 1996.

There is no investment/saving that could be 100% safe, even if u put FD in any commercial bank it will be subject to the bank will not goes bankrupt like many cases in USA/UK. For Malaysia, due to bank negara tight control for all commercial banks including PNB, these institution are still in the healthy path, so depositors do not need to worry about something that unlikely to happened. Otherwise u better dont make any deposits in any banks/ or do any investments.

Worst come to worst, if one fine day, PNB declare 4% or less for ASB/ASW/ASM then u are free to withdraw and put in in other investment instrument, as they do not have lock-in period. Many capital protected products in the market only "guarantee the capital " when u hold the products till the maturity say 3-5 years.  PNB fixed price products do not have this restriction.

This is some of my toughts anybody can shares if u know any investment have better return and as safe as these products?

I for one will be one of the first to withdraw all my investment in PNB when that day comes 
There are many investments schemes that can provide better return but sadly these investment schemes are off limit to average joes like us    One example is hedge fund but it is not a guarantee thing. So yes. ASB/ASD/ASW2020/ASM so far are the the safest investment schemes currently availble in Malaysia ... so far ...

Dreamer101 Quoted:
(Obviously, your knowledge about NEP is minimal. PNB was created to park the 30% BUMI share into ASB / ASN. Hence, ASB / ASN was guaranteed to make money. Given that ASW is not "BUMI ONLY", it cannot get the 30% BUMI lot)

I have studied the ASW portfolio, it is in fact investing in the govenrment linked company (GLC) the top 5 share holding are Maybank, TNB, CIMB, Sime Darby, PNB Structured Fund, anyway government has pull out 30% bumi quota requirment for 27 industries, so this is not as important as b4, most importantly ASW still 51% owned by Bumi (Mainly Malay), so those rich Bumi (mainly Malay) that already fully top up their max 200K in ASB, they will still invest in ASW, ASW and ASB are like children of PNB, i dont think as a parents it will let any of his children sink or suffering.  ASW is still a viable investment compare to ASN as ASW is a fixed price products.

Dreamer101 Quoted:
(What is the TREND of their dividend?? Is it upward or downward?? Do you know?? If not, why do you think that you have nothing to worry??)

the dividen is at downward trends, in the same way as our BLR, FD Rate and corporates' earning. Unit trust earning are mainly derive from the coroprate earning, when economy doing badly, business world will be badly affected. If u study the trend, u will discover that EPF is always 2-3% higher than FD Rate, and ASNB products is always 2-3% higher than EPF rate. For the year of 2009, ASM dividen is 6.25%, compare to recent EPF rate at 4.5%, and FD rate of 2-2.5%. SO for low risk investment ASNB is the better option than FD and EPF saving. I am not asking everyone to put all their money into ASNB products, it is only a way of diversifying your investment portfolio, even u want to invest more in ASNB products also not possible as each individual (non bumi)is only allowed to invest max 20K when the funds open.

Dreamer101 Quoted:
(<<Worst come to worst, if one fine day, PNB declare 4% or less for ASB/ASW/ASM then u are free to withdraw and put in in other investment instrument, >>By that time, it is TOO LATE to retrieve your money.Why are you investing on something that you DO NOT TRUST??)

It is not a quoestion of trust or no trust, for any investment, if the return is more than your expectation, and u make the money u desire then u sell, PNB product only attractive if it pays higher return than other low risk investment instrument. otherwise u can withdraw the seed capital with dividen, go  find other options. In your previous post u suggested to buy Genting and PBB shares, when u make profit, u sell the shares and keep in cash doesnt means u dont trust Genting or PBB anymore, right? So it is not a matter of trust or no trust, just a matter of how to maximise your profit based on your risk appetite.

---

Added on July 26, 2009, 2:17 pmDreamer

<< the dividen is at downward trends, in the same way as our BLR, FD Rate and corporates' earning. Unit trust earning are mainly derive from the coroprate earning, when economy doing badly, business world will be badly affected.>>
7) Read your OWN post carefully and check your assumption.  We had a bull market and KLSE went up at least 30% over the last few years.  But, what is the dividend trend over the last few years?? This is YOUR MONEY.  Your choice.  But, please do not give out wrong information.

(You are the one that giving worng info and mislead others,  i didn not compare ASW with share market, i am comparing ASW return with EPF and FD, when economy doing bad, FD rate is dropped to 2%, so that's why i said ASNB products is better than FD and EPF.  ASW is a safe investment it doesnt go up to 30% when market is good, but it never go negative 30% when the market is bad, rm1/unit is still rm1/unit no matter how market performs + minimun 6% return for the past 15 years-> track records).

<< I have studied the ASW portfolio, it is in fact investing in the govenrment linked company (GLC) the top 5 share holding are Maybank, TNB, CIMB, Sime Darby, PNB Structured Fund,>>
8) I would not invest in any of the those 4 counters.  Would you?? If not, why are you buying ASW??

( u seems have zero knowledge on mutual fund. If you have RM100 only can u buy any of these 4 counters? but thru mutual fund, u can, it also help u to diversifying your porfolios. Pls read the concept of mutual fund before barking here, dont waste my time explaining to you)

9) Do you know what happened to UEM during 97/98.??  If you don't, why should I waste my time with you??
( i am not that old to know this, i dont think any of the readers here want to know UEM issue from an arrogant guy like u, so u can safe your time on explaining it. Bear in mind that the topic here is talking about PNB products, not UEM)
cheahcw

ASW will not be released to non-bumi as it will be reserved for Bumi to top up. So u can wait for the new fund called AS1M, heard that will be released during Merdeka Day.

I have studied the ASW portfolio, it is in fact investing in the govenrment linked company (GLC) the top 5 share holding are Maybank, TNB, CIMB, Sime Darby, PNB Structured Fund, anyway government has pull out 30% bumi quota requirment for 27 industries, so this is not as important as b4, most importantly ASW still 51% owned by Bumi (Mainly Malay), so those rich Bumi (mainly Malay) that already fully top up their max 200K in ASB, they will still invest in ASW, ASW and ASB are like children of PNB, i dont think as a parents it will let any of his children sink or suffering.  ASW is still a viable investment compare to ASN as ASW is a fixed price products.

Dreamer, no, 51% of ASW still not fully subscribe by bumi, and i checked with PNB the unsold ASW bumi unit will not open for non bumi.

I have checked with most of my Malay friends, ASW is their 2nd/3rd choices after maximising the ASB-200K max limit, maybe PNB want to reserve the ASW quota for this group. Furthermore 10 billion units of AS1M is going to release soon, so they see no reason to open up ASW unsold quota.

Cheahcw2003

Snowcrash, i dont care that much, this dreamer guy he think he is the smartest guy of all, everyone is stupid and he tried to finger poiting on everyone when what u said is something he disagrees. Try to read this topic from the begining then u will see how he rudely and arrogantly responded to others' comments, i am not the only one whom he is trying to find fault with.

What i am trying to say is that if u check ASW brochures, it is stated 51% for bumi, and 49% for non bumi. When they offered 2 billion additional units in April 2009, non bumi unit which is (49%) 998million sold out in 4 hours, whereas bumi unit (51%) 1.02 billion still not fully sold till to date, and PNB is not planning to release the unsold bumi lots to non bumi, but i guess bumi will slowly buying up the unsold units as ASW is the 2nd /3rd options fund after ASB.

I was told that billions of Bumiputra ASW2020 units still available 

yes, i got to know from other forum website that 1.6 Billion Bumi unit for ASW still remain unsold. For details pls check with PNB.

Short answer is yes, if there was a scenario where ASNB collapses, it would be very much in line with the Malaysian economy (not the government, the whole economy) collapsing. It would probably have to be something a magnitude worse than the late 90's crisis. If that DOES happen, you're probably screwed no matter where in Malaysai you keep your money.

cheahcw2003,

1) You know that ASW portfolio include stocks (Maybank, TNB, CIMB, Sime Darby).  Stock market went up at least 30% over the last 3 years  Almost any domestic stock UT went up 10+%.  But, the ASW's dividend rate gone down??  Why??  Yes, ASW do not invest 100% in stock.  Only X% is in stock.  But, why should the RISE in stock market did not help the dividend rate?? Now, the stock market is DOWN, so what will happen to the dividend rate again?  What does the trend tell you??

Dreamer

http://fortunesense.blogspot.com/2008/10/f...20-and-asm.html

Folks,

For those people that claim there are NO ANNUAL FEE for ASM and ASW.  Check the above URL.

The expense ratio is around 1% per year.

http://fortunesense.blogspot.com/2008/09/a...idend-rate.html

Take a look on the historical dividend trend. 

http://fortunesense.blogspot.com/2009/01/k...-from-1976.html

Compare this with KLSE index.

http://fortunesense.blogspot.com/2008/09/m...d-funf-epf.html

Ditto for EPF dividend rate.

Dreamer

To all sifus,

5. However, this leads to another question, does KLIBOR and MGS is the RIGHT benchmark to be used? For example, ASM invested around 60-80% of its NAV in local equities, shouldn't the performance be benchmarked against the Composite Index rather than KLIBOR and MGS? If our composite index is more apt, then why would they use the MGS and KLIBOR as benchmark? It is due to that it is rather easy to beat that benchmark? For example, to match KLIBOR, you just need to put your money in FD.

That's all for my long-winded queries, I hope all the sifus here can clarify my doubts.