Hi, I've read in previous posts that ASW is guaranteed by PIDM. However I cant find infomation on www.pidm.gov.my to confirm this. Can someone please shed some light on this?

Meanwhile, darkknight81, do think that it is not wise to invest in ASW now. Do you mind to share your thoughts ? One reason I could think of is next year's dividend could be lower. Anything apart from that ?

Thank you

hehe thanks for correcting me...

Yeah. I opened a new ASW2020 acc at CIMB yesterday and I got my passbook there. However I'm not sure whether this is applicable throughout the year or only during offer period.

totally agree with you..

plus those who didnt get to buy ASM last week will buy ASW2020 ....

i hope they put up more units >_< i also waited 3 hours just to hear the bank teller yelling "FYI.. ASW untuk non bumi is sold out~~"

another article on Amanah Saham 1Malaysia

KUALA LUMPUR, July 11 (Bernama) -- The government has agreed to Permodalan Nasional Bhd (PNB) establishing a new unit trust fund, Amanah Saham 1Malaysia, with a size of 10 billion units.

Prime Minister Datuk Seri Mohd Najib Tun Abdul Razak who made the announcement said the new fund would be launched soon and is open to all Malaysians above 18.

"The fund is in line with the government's aim of encouraging the people to invest," Najib said in his speech at a gathering on the occasion of his 100th day in office at the Kuala Lumpur Convention Centre (KLCC) here on Saturday.

"The establishment of this new fund now is timely, in view of the expected recovery of the economy, in the second half of this year," he said.

The fund, he explained, is expected to provide an investment opportunity to investors to enjoy reasonable returns over the long term.

According to Najib, in an effort to ensure an even distribution of wealth, especially for the hardcore poor in the urban areas, the government has allocated RM100 million for the Skim Amanah Saham Wawasan.

"It is aimed at reducing the burden for them, especially at the end of the year, in meeting the needs of the school going children," said Najib.

In 2010, he said a total of 10,000 hard core poor households, would be given 10,000 units under the E-Kasih list.

Najib also announced a 20 percent discount for those who use toll roads more than 80 times a month.

The discount is effective September 1.

"The government recognises that the payment of toll is a burden for users under the current economic situation," he said.

-- BERNAMA

im still unable to find more info on the launch date and whether it is fixed price...

This post has been edited by mopster: Jul 11 2009, 08:53 PM

lol... take ur money and give u back in terms of dividend..
then use some to support stock market, fund stimulus packages, fiscal deficits long list...

gov really desperate.. if not they wont be offering ASM twice this year, and new fund AS1M also coming..
I lost to uncles and aunties in April.. haha this time i will go camp early in the morning and avoid MBB, go post office coz it opens earlier..
i wonder if ASW2020 will come round 2...
on the other hand.. it also shows that rakyat still got cash reserves..
just my opinion

I am quite confused about "Capital Guarantee" and "Fixed Price 1.00" in ASM/ASW..

1)Does "Fixed Price 1.00" implies "Capital Guarantee" ?
2)If above is "no", then ASM & ASW are Fixed Price 1.00.. are they capital guaranteed ?
3)If they are not capital guaranteed, that means we can lose our capital if the Return for the year is negative, am i right ? But so far there is no -ve return yet. (ponzi scheme ? just joking )

Thanks very much for clearing my doubts..

thanks a lot for the link, it really explained "capital guarantee" , "capital protected" and "fixed price unit" very well..

This post has been edited by mopster: Aug 4 2009, 10:53 PM