His ASM 1 year get 50k dividend leh you say rich bo? Those high-yield counters he also have quite a lot and other units trust as well

That's why they have limitation of max amount on individual. As if no limit, those millionaire or billionaire will pour their fund into it instead putting FD in banks, which by then PNB will not able to pay out the yield already. That's why they need to control the amount of go in. As if it is too much, they won't able to pay the yield already.

5.30am queue for AS 1Malaysia units 

http://thestar.com.my/news/story.asp?file=...1537&sec=nation

Got ppl so crazy early in morning 5.30am?Not like the fund gonna finish so fast.

Got ppl so crazy early in morning 5.30am?Not like the fund gonna finish so fast.

Got ppl so crazy early in morning 5.30am?Not like the fund gonna finish so fast.

guys some quick questions on buying the as1m. if let say i can only buy 1k now then later on i'll like to purchase more. can i still make the top up purchase within the promo period or i'll need to wait until the promo end?

The ability of giving stream of return which is higher than FD rate can come from MGS, previous decade of profit of equities etc.
Eg. they have made a lot of profit from previously year of investing, let say 50%, so now it is spreaded out to 5-6% pa which is not a burden for them. The fund is not aiming or like to be a UT (for fixed price at RM1 one), the aim is to let ordinary people to have alternative way to invest or just like what saving bond purposes.

Malaysia gov secruties/bonds are carring yield around 3.5%-4.0%, so if they solely invested in those area, they still achieve some rate which is better than FD rate, which is also a selling point already. As long as those ASx continue to pay some rate much better than FD, it won't have massive redeemption.

Yup, if equities continue to be poor over the next 10 years ro 20 years or something happen like 1997, which they can't generate any income, then yes, it is not sustainable to see them paying like previously.
Actually for the invested equities part, if those company still giving ok dividend, they PNB can pay the ASx holder already each year, if there is no redeemtion. Redeemption rate is very low in ASx fund, so it is not a problem for PNB to have a fixed price at Rm1.00 even though equities plunging.

If there is massive redeemption in poor equities market, then, yes just like what you had mentioned in the earlier post could be happening, but it is unlikely although not impossible, mainly due to the fact, equities price (for fundamental sounds company) always tend to go up over the long term.

micheal, from 5th aug to 3rd sept (promotional period) u can buy up to RM50K, if u buy RM1k now, u can top up rm49k anytime subject to the availability. u can do multi transactions during this period, subject to availability and max limit.

So will there be a difference if I purchase using bank draft or cash? Somebody said earlier he was asked to pay charges when he wanted to pay via bank draft. Besides, I dun wanna carry bagful of cash around...

So will there be a difference if I purchase using bank draft or cash? Somebody said earlier he was asked to pay charges when he wanted to pay via bank draft. Besides, I dun wanna carry bagful of cash around...