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 AS1M, ASB, ASW,ASM,ASG,ASD

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MilesAndMore
post Jul 22 2009, 12:39 PM

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QUOTE(Dannyl @ Jul 22 2009, 10:36 AM)
Actually, just wondering... why would bumis buy ASW or ASM when they have ASB?  Unless they already reach max 200k for ASB.
Quite obvious isn't it ? biggrin.gif


QUOTE(cheahcw2003 @ Jul 22 2009, 10:45 AM)
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.
Not quite true. The return of ASD is more or less the same as ASW2020/ASM. See below :

ASW2020
2006 - 6.80%
2007 - 8.00%
2008 - 7.00%

ASM
2006 - 6.80%
2007 - 7.80%
2008 - 6.25%

ASD (strictly for Bumiputra)
2006 - 6.80%
2007 - 7.00%
2008 - 7.00%

ASB (strictly for Bumiputra)
2006 - 7.30% + bonus 1.25%
2007 - 8.00% + bonus 1.00%
2008 - 7.00% + bonus 1.75%
**Please not that each investor will only get the full bonus if he/she have the same amount of units in the last 10 years.


QUOTE(cheahcw2003 @ Jul 22 2009, 11:43 AM)
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.

ASB maybe but not ASD.


QUOTE(cheahcw2003 @ Jul 22 2009, 11:43 AM)
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.
*
Please refer above. The return for ASW2020 was 1.00% higher than ASD in 2007.

This post has been edited by MilesAndMore: Jul 22 2009, 12:40 PM
cheahcw2003
post Jul 22 2009, 01:00 PM

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[/QUOTE]The return for ASW2020 was 1.00% higher than ASD in 2007.[QUOTE]

Miles and More, your facts and figures are make sense.

But the comparison between ASW and ASD shd not be compared according to fisical year, it shd be compared to financial year end. ASD financial year was at 30 june, whereas ASW is 31 Aug, in 2007 ASW outperform ASD because in the period of 30 Jun to 31 aug 2007, share market was booming, (bearing in mind that ASD/ASW are fixed price equity fund), so ASW performs better due to this booming period which was not covered by ASD. To see the actual performance it will be fair to see the performance in the same period of time, both funds need to be ended at the same FYE, only u can see the differences. Likewise, our share market is doing very good from 1 July 09 till todate, if the share market keep performs till 31 aug, FYE of ASW, then ASW could perform better than ASD.

but in general i agree that not much difference in between ASM/ASW/ASD for the past few years.

Since i am a non-bumi, so investing in ASD is out of my consideration, but it serves as an indication on the dividen going to be declared for ASW in the coming 31 Aug 09. In my opinion those 100% bumi owned fund will be perform better than the 51% bumi owned fund. Now ASM already released to non bumi, so bumi holding of ASM fund is now less than 51%, so i think ASM will not perform as good as other fund lor......

that is why if u are a bumi and have max your 200K limit in ASB, and u go to PNB, they will recomend u to buy ASD instead of ASW or ASM.

This is solely my prediction, dont quote me for this, the answer will be coming on 31 Aug 09 for ASW or 31 March 2010 for ASM for the dividen declaration. i hope ASW/ASM can do better than ASD too.
MilesAndMore
post Jul 22 2009, 02:16 PM

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QUOTE(cheahcw2003 @ Jul 22 2009, 01:00 PM)
Since i am a non-bumi, so investing in ASD is out of my consideration, but it serves as an indication on the dividen going to be declared for ASW in the coming 31 Aug 09. In my opinion those 100% bumi owned fund will be perform better than the 51% bumi owned fund. Now ASM already released to non bumi, so bumi holding of ASM fund is now less than 51%, so i think ASM will not perform as good as other fund lor......

that is why if u are a bumi and have max your 200K limit in ASB, and u go to PNB, they will recomend u to buy ASD instead of ASW or ASM.
In my case they did not push me into buying ASD. As a Sabahan Bumiputra with Chinese surname, we need to get a special letter from Jabatan Hal Ehwal Negeri to prove that we are legitimate Bumiputra. I am now currently waiting for a letter from them for ASW2020 to confirm that i'm a Bumiputra so i can buy the Bumiputra units icon_rolleyes.gif

sassy_chiq
post Jul 22 2009, 02:16 PM

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QUOTE(cheahcw2003 @ Jul 22 2009, 01:00 PM)
The return for ASW2020 was 1.00% higher than ASD in 2007.
QUOTE

Miles and More, your facts and figures are make sense.

But the comparison between ASW and ASD shd not be compared according to fisical year, it shd be compared to financial year end. ASD financial year was at 30 june, whereas ASW is 31 Aug, in 2007 ASW outperform ASD because in the period of 30 Jun to 31 aug 2007, share market was booming, (bearing in mind that ASD/ASW are fixed price equity fund), so ASW performs better due to this booming period which was not covered by ASD. To see the actual performance it will be fair to see the performance in the same period of time, both funds need to be ended at the same FYE, only u can see the differences. Likewise, our share market is doing very good from 1 July 09 till todate, if the share market keep performs till 31 aug, FYE of ASW, then ASW could perform better than ASD.

but in general i agree that not much difference in between ASM/ASW/ASD for the past few years.

Since i am a non-bumi, so investing in ASD is out of my consideration, but it serves as an indication on the dividen going to be declared for ASW in the coming 31 Aug 09. In my opinion those 100% bumi owned fund will be perform better than the 51% bumi owned fund. Now ASM already released to non bumi, so bumi holding of ASM fund is now less than 51%, so i think ASM will not perform as good as other fund lor......

that is why if u are a bumi and have max your 200K limit in ASB, and u go to PNB, they will recomend u to buy ASD instead of ASW or ASM.

This is solely my prediction, dont quote me for this, the answer will be coming on 31 Aug 09 for ASW or 31 March 2010 for ASM for the dividen declaration. i hope ASW/ASM can do better than ASD too.
*
Your perspective makes sense to me.
Savor_Savvy
post Jul 22 2009, 02:26 PM

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QUOTE(MilesAndMore @ Jul 22 2009, 02:16 PM)
In my case they did not push me into buying ASD. As a Sabahan Bumiputra with Chinese surname, we need to get a special letter from Jabatan Hal Ehwal Negeri to prove that we are legitimate Bumiputra. I am now currently waiting for a letter from them for ASW2020 to confirm that i'm a Bumiputra so i can buy the Bumiputra units  icon_rolleyes.gif
*
Sabahan bumi with chinese surname?? Can u explain more? U join muslim?
cheahcw2003
post Jul 22 2009, 02:34 PM

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for sabahan bumi u need to get the Bumiputera certificate from the ANAK NEGERI in your kampung, then u can submit to PNB. My colleague she has the same scenerio as u, and she got it approved after submitting the cert from anak negeri, now she can invest in all funds available by PNB, with the ASN passbook she can also get bumi 7% discount for buying property.
MoonRider
post Jul 22 2009, 04:26 PM

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Wonder why everyone so eager to buy the fund ..

Dont you all feel soemthing is not right ..

In just few months , there have been 3-4 funds launch this year .. and the most weird thing , most of the fund the quota and the fund open for non-bumi .. i remember , during good times, u hardly get 1-2 funds offer by pnb for non bumiputra .. correct me if i am wrong .. and sudenly all the funds come out after our new PM take over ..

what ur target of percentage of return 5-10%? and why pnb needs so much $$$ for this year since they saying this year will be low profile investment ....

this year epf , the biggest fund in asia , also decalre only 4% intrest and based on 2008 performance ....

.. i dont felt like want to fund the gov with my money .. espcially all the issue happen recently .. kugan case and teoh death ..

i prefer to invest in stocks where at least i know where those stocks invested like pbb and genting ..

well the choice is urs .. is the 10% return worth on how the gomen treated the people ..... biggrin.gif

my two cents .. a concern malaysian ...








ronnie
post Jul 22 2009, 04:35 PM

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We believe in PNB to offer better rates than 12-month FD...
lowyatben
post Jul 22 2009, 04:38 PM

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WHat to do? Some of us do feel that as long as the returns are more than FD, we're game...
Savor_Savvy
post Jul 22 2009, 04:43 PM

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What to do? So sien to queue up, to rebut-rebut also must go due to safer return rates than stock market and better than FD.. sleep.gif
ronnie
post Jul 22 2009, 05:07 PM

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Risk Level : FD < Sukuk/Bon < ASM < Unit Trust < Stocks < Forex

This post has been edited by ronnie: Jul 22 2009, 05:09 PM
MilesAndMore
post Jul 22 2009, 05:12 PM

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QUOTE(Savor_Savvy @ Jul 22 2009, 02:26 PM)
Sabahan bumi with chinese surname?? Can u explain more? U join muslim?
*
Converting to Muslim doesn't make one a Bumiputra. Under the Malaysian constitution, Kadazan/Dusun and Sino-Kadazan are both legitimate Bumiputra. This was one of the terms agreed when Sabah, Sarawak and Singapore joined the federation of Malaysia in 1963.

So the question is how can one be a Sino-Kadazan ? When a Chinese marry a Kadazan, their children will be automatically become Sino-Kadazan. There was dispute that the JPN (Jabatan Pendaftaran) doesn't recognize a Sino-Kadazan bearing Chinese surname as Malaysian Bumiputra. This was reported in Star Newspaper many times in year 2007 and 2008 and also about the case that Sino-Kadazan bearing Chinese surname being denied to open an ASB account.

Sino-Kadazan also complained that they were being denied all the Bumiputra privileges such as 5% - 7% discount when buying a house in the Peninsular Malaysia as the JPN in Peninsular Malaysia denied their status as Malaysian Bumiputra. This is however, all solved now. I strongly suggest all Sino-Kadazan out there to check the information stored in their MyKad chip. Make sure your status is written as Sino/Native and NOT Chinese.

Just an example who is Sino-Kadazan :
Scenario A :
Chinese father + Kadazan/Dusun mother = Sino-Kadazan children

Scenario B :
Kadazan/Dusun father + Chinese mother = Sino-Kadazan children

Scenario C :
Sino-Kadazan father** + Sino-Kadazan mother** = Sino-Kadazan children
**(with Chinese surname or not)

Scenario D :
Sino-Kadazan father** + Chinese mother = Sino-Kadazan children
**(with Chinese surname or not)

Scenario E :
Chinese father + Sino-Kadazan mother** = Sino-Kadazan children
**(with Chinese surname or not)

The list above was sent out to media and all relevant departments from Putrajaya in late 2007.


QUOTE(cheahcw2003 @ Jul 22 2009, 02:34 PM)
for sabahan bumi u need to get the Bumiputera certificate from the ANAK NEGERI in your kampung, then u can submit to PNB.
Surat Anak Negeri was frozen long before i was born (i was born in the late 80s) because there are too many fake Surat Anak Negeri circulating. Surat Anak Negeri can also be bought easily back in the 70s. Most likely your colleague was born before 1982 or else there is no way that she got the Surat Anak Negeri.

Majority of Sino-Kadazan do bear a Chinese surname. It is actually very easy to spot a fake Sino-Kadazan. Those old Sino-Kadazan born before World War 2, in the 60s and 70s speak Malay as their first language at home, despite being English or Chinese educated. Sino-Kadazan from some inner parts of Sabah address their parents in Hokkien but speak only Malay with their parents. My mom for example, was Chinese educated in primary school and English educated in secondary school but speak only Malay with her parents and siblings.


QUOTE(cheahcw2003 @ Jul 22 2009, 02:34 PM)
My colleague she has the same scenerio as u, and she got it approved after submitting the cert from anak negeri, now she can invest in all funds available by PNB, with the ASN passbook she can also get bumi 7% discount for buying property.

*

Actually one only needs to make sure his/her race recorded in JPN is Sino/Native then he/she will be able to get a 7% bumiputra discount when buying property in the Peninsular Malaysia.

I have had an ASB account since 2002 but in order for me to buy the Bumiputra units of ASW2020, i need another official letter from Jabatan Hal Ehwal Negeri despite what is recorded as my race in JPN. It's been 4 months since i submitted all the documents but i have yet to hear from them. Talking about Wawasan 2020 ... DUH ! We're still far from there !

This post has been edited by MilesAndMore: Jul 22 2009, 05:15 PM
Savor_Savvy
post Jul 22 2009, 06:31 PM

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MilesAndMore,

Hey, thanks for the infos. Really opened up my mind on the status, coz im not too sure bout that before. U did mention you have a chinese surname, meaning to say ur father is a chinese, right? But u also stated that your mum is a chinese? So actually both of your parents are sino-kadazan, but actually they are chinese? As long as they are born as a sino-kadazan (no matter both parents are chinese or indians) as long as they have the status, they're bumiputras, right?

How bout if a sino-kadazan married a muslim, does the children considered sino-kadazan also or bumiputra muslim???
MilesAndMore
post Jul 22 2009, 07:36 PM

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QUOTE(Savor_Savvy @ Jul 22 2009, 06:31 PM)
Hey, thanks for the infos. Really opened up my mind on the status, coz im not too sure bout that before. U did mention you have a chinese surname, meaning to say ur father is a chinese, right? But u also stated that your mum is a chinese? So actually both of your parents are sino-kadazan, but actually they are chinese? As long as they are born as a sino-kadazan (no matter both parents are chinese or indians) as long as they have the status, they're bumiputras, right?

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.

My great-grandfather from my father's side is a pure Chinese. There is however, no trace of pure Chinese family member from my mother's side.

My great-great-grandfather from my mother's side is a Japanese. He married my great-great-grandmother, a Sino-Kadazan girl then in Jesselton (now known as Kota Kinabalu). My great-grandmother (the daughter of this Japanese guy and my great-great-grandmother) then married a Sino-Kadazan guy, which make their children, my grandmother being one of them a rightful Sino-Kadazan. Then again, my grandmother married a Sino-Kadazan guy (my grandfather) several years after world war 2 ended. There is where our Sino-Kadazan blood came from. I hope it's not too confusing laugh.gif

There is no such thing as Indian Kadazan. I mean there are indeed Indian marrying Kadazan here in Sabah but their children won't qualify for Bumiputra status.


QUOTE(Savor_Savvy @ Jul 22 2009, 06:31 PM)
How bout if a sino-kadazan married a muslim, does the children considered sino-kadazan also or bumiputra muslim???
*
I am not too sure about this one. The religion has got to be Muslim for sure biggrin.gif

This post has been edited by MilesAndMore: Jul 22 2009, 07:41 PM
kittybunny
post Jul 22 2009, 08:17 PM

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QUOTE(redwine2 @ Jul 22 2009, 11:25 AM)
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
*
Sorry, may I ask what is being released in August, and when in August? I managed to get my first ASM, but only after q-ing up from 7:40 - 3:30! Stupid bank did not give out number to all the aunties there, made us q-up all the time! Pity those aunties, they really waited patiently all the time, but they all help each other out, each take their break and come back and join the q again.
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post Jul 22 2009, 08:40 PM

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QUOTE(cheahcw2003 @ Jul 22 2009, 02:34 PM)
for sabahan bumi u need to get the Bumiputera certificate from the ANAK NEGERI in your kampung, then u can submit to PNB. My colleague she has the same scenerio as u, and she got it approved after submitting the cert from anak negeri, now she can invest in all funds available by PNB, with the ASN passbook she can also get bumi 7% discount for buying property.
*
The Bumi discount rate is determined by the Statement Government. Therefore, the discount rates vary in different states. For example, developers in Johor need to give 15% discount to Bumi buyers for its residential properties, as opposed to KL 5%, Selangor 7% and Penang 5%.

QUOTE(MoonRider @ Jul 22 2009, 04:26 PM)
i prefer to invest in stocks where at least i know where those stocks invested like pbb and genting ..

well the choice is urs .. is the 10% return worth on how the gomen treated the people .....  biggrin.gif
*
Yes, most peopke know the risk. Nevertheless, the risk is much lower compared to speculating in stock market.

QUOTE(MilesAndMore @ Jul 22 2009, 05:12 PM)
I have had an ASB account since 2002 but in order for me to buy the Bumiputra units of ASW2020, i need another official letter from Jabatan Hal Ehwal Negeri despite what is recorded as my race in JPN. It's been 4 months since i submitted all the documents but i have yet to hear from them. Talking about Wawasan 2020 ... DUH ! We're still far from there !
*
It's sad to hear that our government imposes such restriction on Sabahan/Sarawakian Bumi. But hey...why do you need ASW2020 since you can buy ASB. You've probably maximised your purchase limit for ASB? Hahaha laugh.gif
g00glesYYl
post Jul 22 2009, 09:23 PM

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I just got my first ASM too. q-ing up from 7:40 - 11.30 in maybank
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post Jul 22 2009, 09:41 PM

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QUOTE(g00glesYYl @ Jul 22 2009, 09:23 PM)
I just got my first ASM too. q-ing up from 7:40 - 11.30 in maybank
*
Yesterday or today?

I'm very interested to know who really got it today.
cheahcw2003
post Jul 22 2009, 09:56 PM

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QUOTE
(MilesAndMore @ Jul 22 2009, 05:12 PM)
I have had an ASB account since 2002 but in order for me to buy the Bumiputra units of ASW2020, i need another official letter from Jabatan Hal Ehwal Negeri despite what is recorded as my race in JPN. It's been 4 months since i submitted all the documents but i have yet to hear from them. Talking about Wawasan 2020 ... DUH ! We're still far from there !
i wonder why is that happened? my mom is a bumiputra from Kedah (as my grandpa is Kedah-born-Siamese), she has ASB account since 1990s, she can open ASW/ASD easily without any restrition by just showing the ASB passbook, if they can recognise your status when u open the ASB I wonder why this happened? I have another ex-colleague, being a Malaccan-Portugese, he can also open ASD by just showing ASB passbook. Now they have new rules?
lurkermcnugget
post Jul 22 2009, 10:22 PM

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QUOTE(cheahcw2003 @ Jul 22 2009, 09:56 PM)
i wonder why is that happened? my mom is a bumiputra from Kedah (as my grandpa is Kedah-born-Siamese), she has ASB account since 1990s, she can open ASW/ASD easily without any restrition by just showing the ASB passbook, if they can recognise your status when u open the ASB I wonder why this happened? I have another ex-colleague, being a Malaccan-Portugese, he can also open ASD by just showing ASB passbook. Now they have new rules?
*
A lot of fake anak negeri here - but i couldnt care less. Itsmoney for all and all for me...mememememmemm brows.gif


Added on July 22, 2009, 10:24 pm
QUOTE(lurkermcnugget @ Jul 22 2009, 10:22 PM)
A lot of fake anak negeri here - but i couldnt care less. Itsmoney for all and all for me...mememememmemm brows.gif
*
btw, anyone of you out there that are fake bumiputera...eEEEZzzzzzzzzzzzZZ, just say the magic word..AraMAIIIIITIIIIIIIIIIIIIIIIII!!!!!!

This post has been edited by lurkermcnugget: Jul 22 2009, 10:24 PM

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