you forgot to tell him that there is a annual 5% fee for unit trust , and most of unit trust in malaysia is based on insurance-like schemes.

Even if you put all your money into defensive unit trust, namely bonds which should give u a  return of 5-6% annually, after service fee deduction, you will only end up with 1% or worse lose money in unit trust.
ASW is the best bet, 6.8% compouded interest for 3 years is 20% return.

with other unit trust, -5% every year.. does not seem like a good deal for me

Hummm, I assume you speak from experience? How you come out with that kind of conclusion? Care to share with us all more ? Thankz in advance 

our unit trust industry is still very much protected by our government, despite our commitment to financial liberalisation. THis is due to lobby of these unit trust group.

Take a look at PUblic Mutual fund website and their returns. THey only show you their earnings over few years. You will have to study them carefully before you buy unit trusts.

Let me give you one example, some funds say their 5 years return is 25% - sounds impressive. But do your own calcuation , if you put your money in FD for 6 years with compounded interest of 3.7% annually, you will get  24.3 % return on your savings too. AND the graphs they show you in their website does not include the 'service fee' of 3% annually.

So if you put 100k in unit trusts, with them deducting 2-3% of your savings annually for their service fee, and with their projected returns... do you think you got a good deal?

Unit trust in malaysia is run like an insurance company. Money (service fee) is siphoned out from each level of their sales person. why? because the company needs their agents to promote their unit trusts to the public. these promoters will sign up more sub-promoter ,etc. and most of these promoters are some unqualified makcik pakcik who work in some insurance of bankiing industry.

why is PNB superior ? for one, they do not need these 'promoters', therefore costs is saved, money that is supposed to be invested will not be wasted paying fees to those promoters. 2nd, they have the massive volume , and being Government linked company gives them the edge in their investments.

Wahhhhhhhh, like that. Make sense also. No wonder this promoters/agents ask me to invest alot, so that they get their commission. If like this i withdraw my 20K from public mutuallah and pub back in ASB  . Thanks for sharing. Totally wasting my time at this public mutual think. I didn't relise i am that stupid. Government try to help us all but we ourself like to be so clever and adventures. What a waste of time and effort. Aiyo. But nevermind. We learn from mistake. This mistake should never happen again. Thanks bro 

I was told public mutual can compete with ASB or ASW in dividen stage. How true is that? If so i will redraw all my money is ASB + ASW and pour in one of pubic mutual fund.

And ignore the fact that your capital is not protected? And the fact that they have around 5% charge (difference between the buy and sell price)? Be careful bro... A sudden drop in the stock market will wipe lots of your money out, eventhough the number of your units appear intact.

I've warned you previously.

i have no more money to put in

PNB raising overseas investment
KUALA LUMPUR: Permodalan Nasional Bhd (PNB) plans to increase its overseas investment up to RM3.6bil this year from RM1bil now.

The amount represents 10% of the RM36bil currently managed by PNB that is not tied up in its unit trust funds.

PNB manages funds worth some RM100bil, of which RM64bil are tied in unit trust funds under its management.

Its president and chief executive officer Tan Sri Hamad Kama Piah Che Othman said PNB wanted its overseas portfolio to account for 5% to 10% of its total investment portfolio by year's end.

PNB currently has a fund management office each in two bustling financial hubs - Singapore and London.

 
File photo of investors thronging the PNB office in Kuala Lumpur to buy ASN shares. PNB manages funds worth some RM100bil
"We hope our people in the foreign offices can learn as quickly as possible so that we can give more funds for them to manage," Hamad said.

PNB made its maiden foray into the international markets with the inception of the International Fund Management Department (IFM) in 1988.

Since then, the IFM has helped nurture a pool of talented professionals exposed to a number of foreign markets, including Europe, the United States, Japan, Singapore and Hong Kong.

The IFM also operates out of Singapore through an outfit called Singapore Unit Trust Ltd.

Hamad said PNB had also identified the need to open more branches abroad, especially in Europe and the United States.

The country's largest fund manager has a diversified portfolio of interests, including unit trusts, institution property trusts, property management and asset management.

Meanwhile, PNB unit Amanah Saham Nasional Bhd will make available for public subscription 2.06 billion new units in Amanah Saham Wawasan 2020 by Sept 12.

URL: http://biz.thestar.com.my/news/story.asp?f...11&sec=business

i need to hav an account to buy asw2020 or not?

if needed, can i open the account now? b4 12th?