hi
if i want to buy, can i ask my mother to help open the account?
since i am not in malaysia at the moment

I don't think so, need to take your fingerprint etcetera when opening acc (if like ASM)

hmm..... i don't know how the government going to ensure good returns for this fund... it's beginning to look like the japanese post office bonds...

is the price per unit for as1m fixed or floating?

will i be able to purchase AS1M from Maybank?

You got a point here actually, 1.6 Billion of ASM-bumi quota remains unsold from April 09 to 20 July 09, and being released to non-bumi 21 July 09. Now out of the new RM10bil fund, RM5bil is reserved for Bumi. If 1.6Bil even cannot be taken up by bumi group, i dont think the AS1M will be fully taken up by bumi group also.

Benchmark of 4% is too low, shd at least benchmark against sukuk's 5%

For those who interested to know the top 3 fund size of PNB products:

Actually AS1M will not be the biggest fund size of PNB products, ASB is the biggest fund so far with RM62bil fund in circulation (as per its annual report ended 31/12/08), even ASW has the approved fund size of RM14 billion already.

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Added on July 31, 2009, 3:16 pmFor those who want to know more about the new fund AS1M, here are the info that i got from ASNB website, u can also get the info direct from the website: -

FUND INFORMATION

Fund Name AMANAH SAHAM 1MALAYSIA (AS 1MALAYSIA)
Type Income
Category Equity
Launch Date July 31, 2009
Objective The Fund seeks to provide regular and consistent income stream whilst preserving the unitholders’ investment capital over a long term horizon through a diversified portfolio of investment.

Potential Investors Investors who:
Have a medium to long-term investment horizon.
Understand investment risk and reward.
Seek regular income (if any) for their investments.

Eligibility Malaysians age 18 years and above.

TRANSACTION INFORMATION

Price per Unit RM 1.00
Form of Investment Investment book
Minimum Initial Investment Investment book - 100 units
Minimum Additional Investment Investment book - 1 unit
Maximum Investment Unlimited, subject to availability of units of the Fund. (However, during the initial offer period the limit is 50,000 units per unitholder. Also, for those aged 55 years old and above during the offer period the limit is 100,000 units per unitholder. The Manager has the discretion to impose to any individual limit during the initial offer period or any other period determined by the Manager.)

Fund Size 10.0 billion units
Sales Charge None. However, the Manager has the discretion to charge up to 1% of the amount invested after the initial offer period.
Redemption Charge None
Payment of Redemption On-the-spot.
Cooling-off Period None
Financial Year End 30 September


This post has been edited by cheahcw2003: Jul 31 2009, 03:16 PM

The price is fixed at RM1 per unit

hmm may i know where could we buy it?

Bank or any department?

You can buy from any PNB Branch, Post office, Maybank, RHB Bank and CIMB Bank.

no u can't, it require your thumb print in order to open account

yes u can, but advisable to switch to Pos Office, CIMB or RHB bank if u plan to buy on 5th August
Maybank will be crowded with peoples on the launching date

i'll stick to the post office i went last time. Hope the manager will oversleep again

Somehow, I am not too keen on this one.
My instinct tells me to keep the distance.

This post has been edited by ??!!: Jul 31 2009, 05:07 PM

I think the response, especially from Chinese group, won't be "extremely overwhelming" this time around. Reason being it is not transparent enough. Nevertheless, I will still buy some, but I won't join the crowd on the first day. There's no point to waste time and energy queuing up early morning if the return is around 4% as predicted.

Mana boleh! Ini Dato Seri Najib punya fund! Kamu mesti beli! Demi 1Malaysia!

/s

I can sense a sarcastic remark.
The concept of "1Malaysia" vanishes with the quota system. I'm also disappointed that this fund doesn't allow withdrawal from EPF.

any1 got more infor on tis Amanah Saham 1Malaysia.. let said i already hav account on asm.. can i still open another acc for this? it said IPTA student.. if i m a master student .. am i entitle?

yes. You need to open another account for as1m.
you're entitle as long as you are 18 years old & above.
I did saw some student 16 years old opened asm account last time, so your case is perfectly NO PROBLEM.

Fund from EPF not enuf to fund 'stimulus pkg' ...so have to mop up more liquidity from the system via new fund, bond,t
allow to take from EPF , then not achieve objective...jus take right pocket, put in left pocket

How many interest for AS1M? Does it mentioned the range of the interest?

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Added on July 31, 2009, 9:14 pmJust a stupid question here, If ASNB collapse means Malaysia HABIS? The reason I ask this kind of question is because I've invested RM70k into those funds like ASM and ASW2020, and I scare of ASNB collapse then my money gonE!!!!

This post has been edited by reevephon: Jul 31 2009, 09:14 PM

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.