So still available today? Opened account yesterday with RM100 becos wasn't prepared for it. At least next time when they launch more, no need to open account and take long time...

Actually, just wondering... why would bumis buy ASW or ASM when they have ASB? Unless they already reach max 200k for ASB.

Pos office system down since this morning. How about banks?

Dan,

Yes u r right, the bumi will not buy ASW or ASM if they still haven't top up the max of 200k in their ASB, they also have another option which is ASD (didik), which only opened for BUMI subscribers. From the historical perfromance, ASD is seconded to ASB and perform better than ASW/ ASM, and there is no max investment limit for ASD, unit price fixed at RM1/unit too.

That is why 3.3 Bil units were released in April 09, and not many bumi subscribe ASM, almost half of the 3.3 bil units which is 1.6Bil (bumi allocation) was remained unsold till 20 July and was released to other races since 21 July. As a non bumi, u can only choose ASW or ASM, for a very limited time offer only.

same goes for bank... the whole systems down.. may be they are still calculating if yesterday reach 1.6bil. hehehhee...
too much.. forgot a zero :-p

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Added on July 22, 2009, 10:55 amCheah u mean ASW also can buy? So if i have ASW i need not opening ASM?

This post has been edited by dev123: Jul 22 2009, 10:55 AM

Malaysian government related offices always use "system down" as an excuse. I hate to hear that activities couldn't be proceeded because of off-line. Last month I went to a post office in the morning to renew my road tax but I was given that the system was down. I went there again in the late afternoon and it was still off-line. Are we moving ourselves towards an advanced country? Still a long way to go.

ASM and ASW are two different unit trusts. They are not interchange-able.

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Added on July 22, 2009, 10:59 amUsually its either system down, or system upgrade

This post has been edited by SnoWFisH: Jul 22 2009, 10:59 AM

I would like to ask whether there is a possibility if one day the whole ASM money/scheme collapse and all depositors lose their money?

Guys, officially sold out ord...

http://www.nst.com.my/Current_News/NST/art...icle/index_html

There's always possibility of it collapsing, even governments can go bankrupt. But I don't think it will just crash and tutup kedai in one day. Usually you'll be able to see it coming.

Perhaps those from the banking sector can provide more valuable input.

how can it be system down then all sold out? hahahhahahaaaaaaa

shud have just slept in

This post has been edited by dev123: Jul 22 2009, 11:09 AM

the day ASM / ASW2020 down is the day Malaysia becomes a failed state.

The social repercussion is just too great for government not to bail it out. It's similar to japanese post office bonds, where almost all japanese put their money into the scheme. Their government will NEVER let the scheme fail, and will defend it at all costs.

The likelihood of that happening is there, being a market economy... but then, if that happens , all your stocks, life savings, ringgit denominated bonds, FD won't be safe either.

ASM officially finished d..i called up ASNB office few minutes ago.

wow, thanks to all for information. Guess everyone should just wait for AS one malaysia in august then. Those who did not manage to buy ASM/ASW , another good options is getting bonds which get similar return and not as risky as funds / stocks

Wow. Less than 1.5 days to pump 1.6 billion.... congrats to everyone who managed to get their funds in & to those who didn't, don't let this dishearten you. We'll go through this again - w/ AS1M/ ASM/ ASW - & together we'll defeat the AA*!

*=Auntie Army

This post has been edited by snowcrash: Jul 22 2009, 11:42 AM

[/QUOTE]Cheah u mean ASW also can buy? So if i have ASW i need not opening ASM?

no ASW already sold out in April, the unsold bumi quota is not open for non-bumi, so will wait for the next opening.

In my personal opinion ASB is mainly to help Malays/BUMIs, so as ASD which only open for BUMI subscription, so these 2 funds will be always outperform the other products of PNB.

The recently annouced ASD return was 6.3%p.a. for the financial year end 30 Jun 09, so i dont think ASW/ASM will perform better than the 6.3% benchmark for the coming financial year. the next ASW FYE will be at 31 Aug 2009, and ASM will be at 31 March 2010.

Yes, it was sold out at around 10am today. Pity those who queued up in front of banks early morning as most banks only open after 9.15am or 9.30am.

I went to post office 9.30am they say system down alr.It means already finished that time.

I wonder whether anyone has managed to purchase today. Likewise, it was actually sold out before PNB offices closed yesterday.

If all units were sold out yesterday, PNB should make immediate announcement so that thousands of Malaysians won't queue up in the morning today.

Thats y, pity those old folks and some took leave to buy.Should have inform via media or in their website yesterday.

ASM units sold out
2009/07/22


Permodalan Nasional Bhd (PNB) has announced that all remaining Amanah Saham Malaysia (ASM) units have been sold out.

The 1.6 billion units were part of the 3.33 billion additional ASM units announced by Prime Minister Datuk Seri Najib Razak at the 2009 Malaysian Unit Trust Week in Johor Baru on April 20.
Bumiputera investors were allocated 50 per cent, Chinese 30 per cent, Indians 15 per cent and the rest five per cent


http://www.nst.com.my/Current_News/NST/art...icle/index_html

This post has been edited by sassy_chiq: Jul 22 2009, 12:16 PM