You can go the the agent, CIMB, Maybank, Pos, RHB or direct to PNB and withdraw anytime. (Unless its time for dividend calculation). Money will be given on the spot.

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Added on August 2, 2009, 12:19 pmJust make sure you understand what 'as defined under the Guidelines' means, it means SC Guidelines. Different from what most people think of a capital guarantee is.

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Added on August 2, 2009, 12:22 pmThere isn't any clause.

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Added on August 2, 2009, 12:27 pmFrom the prospectus:


I've been made to understand that there will be no sales charge during the offer period, its reported here as well:
http://www.themalaysianinsider.com.my/inde...able-from-aug-5





This post has been edited by vergas: Aug 2 2009, 12:27 PM

Good analysis, vergas

But ASM n ASW don't have maturity date, do they ? Even bank officers and newspaper claimed ASM and ASW are capital guaranteed at RM1. No one yet in this forum can substantiate this argument with a link to an official source.

No capital guaranteed clause in ASM and ASW as well.

This post has been edited by bbinn2008: Aug 2 2009, 02:24 PM

Does the ASM, ASW prospectus states similar clause as in 7.1.1 ??

agree with dreamer. AS1M is bullsh*t. The PNB fella said dividend may be around 4% only, but still better than bank FD 2% interest blah blah. Limit 30% quota for non Bumi! 1Msia my @rse

Let's say i have my money at maybank. Can i buy AS1M at maybank by transfering the money from my account? Or i have to buy only by using cash over the counter?
It's my first time buying these funds.

That because the bank officers and newspaper mean 'capital guarantee' in laymans term, not a
capital guaranteed as defined under the SC Guidelines.

thanks for the info!


Financial Year End for ASM is March 31, will i be paid prorated interest for april-july period?

yes u can buy by transferring from bank account
and don't forget to photocopy of IC(front and back)

You should get the months interest.

If we think economy is on its way already to recover from recession,
and we're not so worry about depressive downturn anymore,
why would young people who has years ahead of income growth
wants to pile their money in AS1M, ASB, ASW, etc.. or any kind of govt issued bonds/funds?

Do you want to lend your money the govt to continue to fund its those outlandish projects?
Usually, when there is insecurity, you would definitely seek these safe haven.

The general stock market has outperform the dividends given by any govt so far.
Even Warren Buffet doesn't want to buy US Treasury.

Any govt issue bonds/saham perhaps should be perhaps more attractive to people nearing their retirement age
or those already retired who wants a steady or better rate than the FD.

Definitely buy this for your mom or dad or grand parents.. but if you're young and have years ahead,
now, it is the time to take a hard look at the stock market before the big bull run which is most likely to happen soon.

For diversity, it's stupid to put all your money in high risk funds.

Is AS1M open for sale today?

Was reading the fund prospectus regarding the sales charge.

It says if you want to invest RM10k, you will need to pay 1% or an additional RM100 for the 10k units you will be receiving.

So to get 10k units of AS1M, yu need to pay RM10000 + 1% = RM10100

No charges on redemption though and unlimited redemption as well.

I agree. Anyway financial gurus have always predicted the martket wrongly
and most ppl are always 'caught', losing their money most of the time. There is
no sure 'gain' in the stock market not even blue chips.

Starts on the 5th August.

what is so special about this 1Malaysia fund with other existing fund?

the fund is 1Malaysia but still got quota 33% for chinese/15% indian ? shouldnt it open for any malaysian...

"Permodalan Nasional Berhad (PNB) is Malaysia's biggest fund management company" almost same par as Petronas , why PNB still not in world top 300 companies? even petronas is under top 100 ..

This post has been edited by MoonRider: Aug 3 2009, 11:23 AM

but this as1m only have interest for 3.5-4%? seems worthless to buy

Nothing special. Just like any other ASNB fund out there. Fund size is definitely much bigger than the previous ASW and ASM.

Hopefully the quota system will be just for the beginning sales period and would be open to all later, such as the case with ASM. 50k limit and 100k limit will be removed after the initial sales period to ensure everyone has a chance to buy.

Wonder how is the response from aunties.....