Just topped up myself. I ask the Pos Office clerk, she says still got 2 million left.

Yes ASM still got units.

Just top up about an hour ago.

ASW2020 can only start buying on the 27th. I asked for the form just now but they said on available on 27th onwards.

I think sales have slowed down considerably because a lot of people invested their cash to the Sukuk and also the previous bond sale.

Just now I went to top up in Maybank, there wasn't even a queue. Just took a deposit slip and walk to the counter to do my business. 1 aunty was just opening an account beside me.

Edit: Oh yeah, I notice an interest payment on the 1st of April in my book for ASM. Anyone knows whats that about? Is that the pro-rated interest payment? I started last Dec.

This post has been edited by skiddtrader: Apr 22 2009, 12:26 PM

I tried but Maybank said can't open ASW account yet. Only on 27th onwards.

As far as I know, ASM and ASW agents include Pos Malaysia, Maybank, CIMB and RHB.

Why don't you try that and let us all know how it goes.

AS1M still no details yet.

Hmmm thinking of queuing for ASM as well... 20k each and 1.5 bil units means if 75k people around the country max their investment, I think before 7 days surely habis.

ASM and ASW different account.

To apply, bring your thumb there and your IC. + CASH also.

---

Added on July 16, 2009, 10:05 amCapital guaranteed.

Distribution of dividends are in units back into your account. Since the value of the units are always at RM1 and will not go higher or lower. Your returns are measured in dividend distribution which constantly being added to your account to have a compounding effect on your total holdings. Beats the other capital guaranteed investment such as government bonds which only offers a fixed 5% which last only 3 years.



This post has been edited by skiddtrader: Jul 16 2009, 10:10 AM

Yes they can check the availability.

Last time when I went to a POS office, they can tell me how much balance available as well.

I think should be able to get within the 1st day or maybe might last until the 2nd day. Last time Chinese quota finished on 2nd day although the number offered was only 1 billion units.

Just line up at POS office in the morning since they open earlier and try your luck.

Yes, this is your 2nd opportunity to accumulate another 20k units.

If after the 27th July and there is still units available. You can buy everything without limits.

This post has been edited by skiddtrader: Jul 17 2009, 09:19 PM

Went to Malacca Maybank branch about 2.30pm just now. No queue and I was the 2nd one after a lady. Maybank has 1 officer in charge of this, so he is like taking queue numbers, checking forms and directing people to counters. After me was 3 other people in queue. Topped up my account in less than 10 minutes altogether including filling forms and waiting.

Lucky I didn't join the morning rush but then my same attitude cost me a chance for ASW since afternoon already finish for that fund.


I asked the counter lady if she could tell me how much left but she said she couldn't tell because she can't see it on her screen.

This post has been edited by skiddtrader: Jul 21 2009, 03:39 PM

Was reading the fund prospectus regarding the sales charge.

It says if you want to invest RM10k, you will need to pay 1% or an additional RM100 for the 10k units you will be receiving.

So to get 10k units of AS1M, yu need to pay RM10000 + 1% = RM10100

No charges on redemption though and unlimited redemption as well.

Starts on the 5th August.

Nothing special. Just like any other ASNB fund out there. Fund size is definitely much bigger than the previous ASW and ASM.

Hopefully the quota system will be just for the beginning sales period and would be open to all later, such as the case with ASM. 50k limit and 100k limit will be removed after the initial sales period to ensure everyone has a chance to buy.

Interest no guarantees or whatsoever.

But seems there is some debate on whether it is really capital guaranteed fund. Although it specifically said in the prospectus that it will always trade in RM1 per unit meaning prices won't drop. But it also says it is not capital guaranteed as per guidelines. Not sure if it is possible to get a negative interest (charges) on your account if the year is bad.

I wouldn't classify it as risky as normal unit trust out there though which fluctuates daily and eat into your capital.

This post has been edited by skiddtrader: Aug 3 2009, 11:54 AM

According to the prospectus, there is no charge for selling or redemption. Only fee applicable is the 1% for buying the fund which is the "Sales Charge". Maybe they confused with the term?