If i am bumi i sure buy ASB. It is better than ASM and ASW... Actually government is helping you ppl. If you do some calculation you will know why....For our non bumi we got to find way to buy ASM and ASW where got so lucky like you ppl

This post has been edited by darkknight81: Aug 24 2008, 07:41 PM

I know that many people feel this way but I want to know what the risk involved is mah~ Past performance does not ensure future performance Scared la~ Seems to good to be true ne?

Government won ask you bumi to rugi one .. you ppl are pampered by the government
What i can put is ASW only ... But return also not bad 8 % last year just that i canot borrow money to put into. Got to use own money though

Sorry dear. I think the pampering is unfair too.

Ne? O_O I tot it was ASB that returns 8%? *shrugs* I dunno where to see ASB past performance All I hear about it was from word of mouth. Gah.

Anyways, I think I will go to the HQ and get as much info from them(any chance one of them fluent in english?) as possible then invest in it la. Less risky than UT I think..

250k max? for ASB? i tot is only 100K to maximum

ASB return is even higher though 7% dividend + 3% bonus normally... They are all unit trust lar my frend. Just that ASB/ASW/ASM they are entitled to buy IPO shares which is much more cheaper than market price.

Ohh... I see thank you for explaining! Beginner investor need alot of explaination cuz blur~

Btw, Muslims have to pay 'zakat' every year for their savings and investments (cash, stocks, gold, etc. Property excluded...) lah~ something like 2.5% of lowest yearly amount(if the lowest amount you have in bank savings or FD or at home under mattress or whatever that year was 20,000 as opposed to highest amount of 50,000 then must pay 2.5% of 20,000 as zakat) so it sort of evens out...

As i think it is safer than any unit trust out there... If you say no risk in investment it is impossible though... But so far the return looks far more better than FD... FYI ASB dividend is 14% 10 years back...

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Added on August 26, 2008, 8:47 pmThis post has been edited by darkknight81: Aug 26 2008, 08:47 PM

To understand the risks of investing in ASB, we have to know what ASB invests in. I don't know for sure, but I think it is mostly equity (stock). Please check PNB's master prospectus for exact details on ASB's asset allocation.

Since ASB mostly invests in stock, the risks are the same, at least from the perspective of the fund as a whole. Like all other unit trusts, there is the NAV of the fund, which is the value of one unit of the fund. When the market goes up, the NAV goes up, and vice versa. The difference between PNB's fixed-price funds (ASB, ASW, ASM) and other unit trust funds is that PNB does not need to announce the NAV of these funds daily, and the units are being bought and sold at RM1 no matter what the NAV is.

Trouble will start when the NAV falls significantly below RM1 and at the same time people are withdrawing their ASB like mad. Let's say that there is a stock market crash, and the NAV of ASB falls to 60sen. Everytime a unit holder withdraws a unit from ASB, PNB will have to top up 40sen to make up for the difference. Where they get this money to top up, I don't know. Maybe government. But the essence is, the risk of investing in ASB is the risk that the whole system will crumble due to PNB not being able to guarantee your RM1 investment.

This post has been edited by sabrateur: Aug 27 2008, 01:39 PM

ASB, ASW, ASM is manage by Permodalan Nasional Berhad (PNB). Therefore, the patern it invest is almost the same. They are also unit trust. So no doubt it involve in equity. Besides, i can say the large portion of asset allocation is in equity mostly about 80%

The company they invested in are mostly GLC. Below are the top 10 list which they invested mostly into:

1. Tenaga Nasional
2. Maybank
3. Telekom
4. MMC
5. Gamuda
6. Public Bank
7. Ytl Power
8. Titan
9. MISC
10. IJM

One more thing is ASB and ASW is capital protected fund. Which means the NAV is always RM 1.00. So during market crash or what.. you capital is always there. The only thing that might affected is the dividend you reciv, which means you may reciv 0% dividend but so far the lowest dividend ever is 5%...
So which means they are buying insurance to protect the fund = Capital protected.

One more thing good about it is, the entry cost for them is far more cheaper as they are buying IPO (initial public offering). The NEP (new economy policy) stated that the listed company share holding must consist of 30% which is bumi. Therefore, In order to fulfill this the IPO is offered to PNB for lower entry cost. Which if you buy share in the market you cannot get this price.

For example, Maybank which cost RM 7.30 (dropping from RM 14.00). The dividend for this stock so far range from 50 -- 70 sen. Which means if you bought at RM 10.00 last time, you may get dividend yield of 5% only and it may go down further. Where as PNB their entry cost maybe RM 2.00 per share only... Therefore if maybank dividend drop to RM 0.20 Sen it still can get dividend of 10%...

I can say it is not much risk involve.

The news just announced that ASW2020 dividend for this year is 7 cents per unit, which is 1 cent lower than last year.

Not bad already considering at the market conditions right now. Maybe next year dividend will even lower though

Actually last year is 7 sen also the 1 sen is bonus.

I didn't see any anouncement on the NewS.

This post has been edited by utellme: Aug 28 2008, 11:20 AM

News paper

http://nst.com.my/Current_News/NST/Thursda...icle/index_html

7 sen ... still better than FD... no complain...
Seems lazy people like me does not have much option...

Mind you it is not the same as FD. There is a risk involves in ASW. If the insider "makan duit" then what will happened? Then all the investor want to withdraw their money but there are no so much money in actual fact. We don know what is happening inside as "malaysia boleh"

Certainly past performance should not be used as future possibilities. However, I believed this company has a majority of the Bumis invested inside, and chances are, to fail, will be low, though not impossible.

Other instruments are not safe too, nothing is safe,........ Thus, we only look at which one has the least danger....

If you ever read the news regarding SAS (SABAH AMANAH SAHAM) which dropped from RM 1.00 to RM 0.17 ...you won think like that anymore. Actually this fund is Sabah government launched fund. It use to invest in sabah political related stock which is not profitable....

Darkknight, thank you,...... Yes, I am aware of the Sabah fund, and I believed there was an issue with the Johor UMNO fund too.

However, PNB is a totally different type of entity,.... it is a national entity, and not totally controlled by one state government or political party.

We must compare apple to apple,......Time will tell,......