8 out of 10 times the banks are lying IMHO

Are you replying on a personal capacity or on behalf of PNB? If the latter than it's nice to see such a "mature" organisation being in touch with the "social media" (eh, LYN considered social media ahh? ) crowd

And you wonder why even with all the bad news/sentiments/rumours there's hardly any unit available

Confirmed as per MP.

Anybody knows if y-o-y how much the KLCI has dropped % wise? Must be in double-digits for ASW to return less than the other fixed priced funds announced this year

Unfortunately not enough people understand the difficulty of the fund manager trying to manage such a large fund (no other UTMC has funds in the billions) in such economic uncertainties. Many just take at face value and complain that dividend is low

When it comes to money/profit, most people can never get enough


Yikes. Hope that the ASW fund manager is paid well

This post has been edited by hyelbaine: Aug 27 2015, 04:51 PM

Should be between the range of 6 to 6.4 cents per unit in my view. It would be quite bad if its below 6 cents but then again it all goes back to at what price did the fund manager built the AS1M portfolio.

Don't forget need to get approval from board of trustees too. Board of trustee's approval for any income distribution is also needed on top of the board of director's approval if I'm not mistaken.

I maybe wrong but another reason for the fund suspension is also because the calculation for dividend is done before the financial year actually ends. I'm no accountant but that can't be easy. Other UTMC calculate dividend after the financial year ends and does not pay out dividends on the 1st day of the new financial year.

Not quite sure the relation between ASNB products and the central bank reserves/currency. Unlike other UTMCs, ASNB's products only invest in local securities only with no exposure to foreign markets and/or foreign currency. Most of ASNB's products are also equity-heavy funds with minimal/limited exposure to MGS except in very2 few products.

The country's reserves are not just used for defending the local currency but also other factors of the economy. If you're to change your investment portfolio than you're better doing it by monitoring money supply/broad money indicators such as M1, M2, etc rather than central bank reserves. These indicators provide a better "pulse" of the economy as it determines the amount of liquidity available and also potential movements in rates by the central bank.

This post has been edited by hyelbaine: Sep 8 2015, 09:57 AM

I've always struggled with that justification in the first para I quoted above. To me, it's just your BNP Paribas, Morgan Stanley and Goldman Sachs IB talk and rating agencies (those very same companies that rated investment grade investments on junk sub-prime mortgages) trying to justify their actions in the market. Personally, the current sell-off is more to do with the carry-trade or flight to safety due to the Fed's possible rate hike expected this month.

I agree that our local bourse has high exposure to foreign funds but that's always been KLCI's characteristics as a defensive market. When the world was in turmoil after the 2008 GFC, money flooded into our markets because of the same characteristics of our local securities markets.

Will we see funds coming back to EMs if the fed does not hike interest rates? Probably yes because EMs still provide more growth potential than the western economies can. Will China than roil the entire world with its PBOC propping up its stock market? Who knows as nothing is beyond them. They devalued their currency by almost 4% in just 2 trading days.

ps>> OK... cukup OT already