Yes in order to maximize returns

Mind to share yo concern?

ASx needs to leave it inside min 2 years to get profit. You can sell off when the unit price become higher or just keep and get dividends.

ASX fixed price Won't go up or down. So the only way to get profit is the dividend by keeping it inside and not touching it all.

ASX fixed price is like a higher version of FD. Regular FD only gives you ~4%. ASX fixed price gives ~6.X%

In the fixed price Funds AR, they didn't disclosed the list of investments in Bonds/Sukuks/Derivatives/etc which constitutes the remaining % other than equities
Unit holders risk wud include subscription of Bonds/Sukuks/Derivatives issued by 1MDB and/or its nominees

oh, my concern is not about 1Mxx
It's the underlying difference between fixed price fund and floating price fund... obviously the value of the shares they own fluctuates right? How come the price of the fund doesn't? Is that sustainable?
It's seen as low/no risk investment product, but is that a right assessment?

Like I say.... read the financial statements and be your own judge

Ya I understand the mechanics of this. Must have lots of extra cash then only can put in a lot $ and not touch it. Wish I am also in that position

Not really. You can put rm100 also can. Don't know what's the minimum. Not necessarily Rm10k. Start slow.

Hey guys, I know that for ASx, we can't nominate any beneficiaries for the account (similar to EPF). Has anyone experience or know anyone whose family has experienced difficulty withdrawing the $ upon death of the account holder? With or without a will drawn up scenarios.

This post has been edited by audy: Jun 18 2015, 11:54 AM

Min initial sum for ASW, ASM n AS1M is RM100

U can obtain more info via Instrumen Perwarisan
http://www.asnb.com.my/main.php

On paper, price shld goes up or down
However, ASNB have maintain buy n sell price @ RM1.00/unit since the Fund was launched
For me, tis is a Low risk product

wah suddenly become active..

anyhow Fixed Price Funds is lower risk than Variable Price fund when there's market uncertainty..

yes, both would have some effect on dividend (lower divdend) but u won't lose on the units price for Fixed ASx

so guys, if u have $$ now. u better try to top up your Fixed Price ASx. u might not get the chance like now of getting the units quite easily

If you've read the previous threads that you would know that this has been discussed before. It's the job of the fund manager to ensure enough liquidity to honour redemptions while at the same time ensure that funds are properly invested and well diversified to ensure that the NAV does not deviate too far from the RM1.00 while all at the same time hunting for yields.

This is the same challenge faced by fund managers such as EPF, KWAP, LTAT, TH and any other UTMC that practices the same model. To these organisations the true NAV fluctuates but for companies like ASNB who are registered UTMCs, since the trust deed and the fund characteristics are as such that the value of each unit is still RM1 regardless on the actual NAV so it is the responsibility of the UTMC to honour it.

Try recalling back to 1997/98, did EPF, TH or ASNB failed to honour the RM1 pledge? If you weren't born yet at that time, you may want to ask your parents about it. How much financially did it affect them? Who knows.

None of these organisations discloses the actual NAV as I believe that they're exempted under the rules applied MFRS so even if you read the annual report page by page you won't find the NAV. You can never ascertain the NAV because you wouldn't know at what entry point for a particular security from which the fund enter or exit from. The annual report wont tell you the cost of each and every single transaction that was made because NAV also takes into account those things.

You can glean a lot from the annual report but not everything. You want to know how well is AS1M being managed? Looked at the MER of the fund.

Investment of any form has risks. Even if you keep money under the pillow has risks.

I'm glad that you read the financial statements and decided that you want to go for it... nothing wrong with that. But one can come to a different conclusion after being informed of the risks

I'm just saying 'This product is often seen as low/no risk, is that the right assessment?'
Like you pointed out correctly, they are equity funds. EPF is different, they are balanced/ fixed income with some mixed assets

Is that true for AS1M has certain charges upon withdrawal of the fund? Where can we find the detailed TnC for all the ASxx?

No charges at all

No charges upon withdrawal

http://www.asnb.com.my/main_e.php

(juz click the fund u want to see. all info is there)

Yes.. thats right..

Friendly Reminder

ASD & ASN 2
Suspension of transactions: 24 to 30 June 2015
Resume of transactions: 1 July 2015

Deposited RM15,000 for AS1M. The staff asked me whether I wanted to try some more and I replied No as I ran out of money! Pity.