Dec 9 2006, 11:13 AM
QUOTE(Xer0 @ Nov 20 2006, 09:22 PM)
Hmm well perhaps yes and no. Yes in the sense that both are funds and that they both invest in stocks and bonds. No in the sense that ASB, ASN, etc are run by PNB - which is the government investment arm, so they are very conservative. Public Mutual is not any less careful, but they are privately run so have more "room" to operate (both upside and down). Just my 2 cents... 
Strange, the person who you replying did not mention Public Mutual at all. Please read the statement carefully before you answering that. It's with 100% agree that, ASB, ASN are in mutual fund category. Just the fund managers are different.
Thing is, if with Amanah Saham stuff being mentioned. Its units are selling like hot cake. If me got the chance, i would put all my $$$ to it too.
QUOTE(lingling @ Dec 9 2006, 09:28 AM)
just curious initially if i invest RM1000 in ASW
when i want to sell all my units
how do i calculate ?
is it still RM1k OR
based on market price 1k*RM0.60 per unit
when i want to sell all my units
how do i calculate ?
is it still RM1k OR
based on market price 1k*RM0.60 per unit
It counting on how many units you need to redeem. Since what you got is the number of units held, no longer the amount you invested. Since you wanna sell your units. To the fund manager, they repurchase from you. Hence, based on buying price listed(or to be more exact, the NAV. As both normally are the same).
Correct me if I'm wrong.
This post has been edited by edifgrto: Dec 9 2006, 11:23 AM
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Perhaps I need to go Q-up(or camping there) the day before launching.... 
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