I agree with ttwangsa. The dividend is calculated on the total, not just 200k.

And here is another thing:

If you already put 200k and then got 16k dividend after first year, your total now is 216k right? The limit is also increased to whatever balance you have now. For instance, if you take out 50k, you are left with 166k, but after a while you want to put back money in. How much can you put? 34k (cause limit is 200k), or 50k? The answer is 50k, bringing your balance back up to 216k.

The limit increases with your dividend, and it does not reset to 200k.

PNB is wholly-owned by Yayasan Pelaburan Bumiputera (YPB). The board members of YPB include the Prime Minister, the Deputy Prime Minister, and some others.
If there is a change in government, YPB board members will change. PNB get new owner (technically not new owner, but new board members of the owner), and what happens to PNB afterwards is fully up to the new YPB board members.

That is what I understand. Kalau salah tolong tunjukkan.

This post has been edited by sabrateur: Jun 10 2008, 02:17 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

Any financial institution will collapse if all their depositors suddenly withdraw all their money at once.

Mana boleh! Ini Dato Seri Najib punya fund! Kamu mesti beli! Demi 1Malaysia!

/s

PNB HQ no queue at all.

Najib FAIL!