Just be aware that this is not FD, it was never meant to be

I highly doubt they will change it to floating rate. If they change it to floating rate, I will withdraw. Not only me. Many people will withdraw. I am sure one of the 3 will remain as fixed price.

Bro,.. hi,.. prb is the price would have fallen badly once you are ready to withdraw. I have a better hypothesis - perhaps they wil release ASM first, but NOT ASW and AS1M yet because of the race quota imposition.

Bro,.. hi,.. prb is the price would have fallen badly once you are ready to withdraw. I have a better hypothesis - perhaps they wil release ASM first, but NOT ASW and AS1M yet because of the race quota imposition.

lol. they cant be doing today fixed price then tomorrow suddenly floating right. surely need to announce or something first

lol. they cant be doing today fixed price then tomorrow suddenly floating right. surely need to announce or something first

Well,.. I hoped there will be a window for us to redeem if we wished to. However, reading that prospectus tells me that their compliance to the MFRS rules is till December 31st, 2015, nd the prerogative to announce or not depends on them. If they are to announce, they should put into the prospectus too that there will be an announment before the charge,.. something along that line. Then again, even if there is an ann't, the Unitholdrs might miss a 'small ann't' in-between our daily affairs now, since we hav to work harder now to watch over our assets and our daly work. So,.. ends up, need to monitor very closely from now on abt this. Times are hard,...

Like I said. This is not petrol price where it will increase without notice.      Last time, they wanted to change something to floating fund. Ask opinion. In the end, they continue with fixed fund but I have no idea which fund was that.

well, that's one of the purpose of this thread. to share information for everyone's benefit

Like I said. This is not petrol price where it will increase without notice.      Last time, they wanted to change something to floating fund. Ask opinion. In the end, they continue with fixed fund but I have no idea which fund was that.

I've attempted to remind people about ASx funds, but people is this thread seem to be too defensive to pay attention
So, for the benefit of the other readers, I will just lay down the facts again...

ASx funds are 100% Malaysia equity funds, just like the public mutual funds etc - early this year KLSE was 1850 points, now left 1570 points, do you think the fund make profit or make losses? Look at all the other floating rate funds in the market, including the ASG type

How come the price for ASx funds are still fixed at RM1 per unit?

http://www.asnb.com.my/pdf/PRODUK/Master_P...314complete.pdf

Pay attention to page 31,
5.12.2 Bases of Valuation on Investments for ASB, ASW 2020, ASM, ASD and AS 1Malaysia
The introduction of MFRS requires the Funds to apply NAV in its valuation bases and processes. The SC has
specified that the Fixed-Priced Unit Trust Funds are permitted but not required to comply with MFRS 139 and MFRS
7 for the financial years ending 31 December 2012 until 31 December 2015, subject to terms and conditions imposed
by SC.

If these funds follow floating NAV, what would be the value now?

Honestly, I don't think it's so easy for the gov to steal your money from the fund, after all it's guarded by trustee and all...
But.... is your money still worth as much? particularly in a falling market?

Just be aware that this is not FD, it was never meant to be

Ok... since I'm ready to be shot at when I opened this can of worm, might as well just go all the way

You guys are missing the point
Why are you concerned so much if it would be changed to floating?
You should be concerned of what is the real value of the NAV as at now

Bank run would only happen if the NAV is below RM1.00 per unit.... if NAV is RM1.20 per unit, everyone will be laughing and keeping the units

So... when KLSE down, if you sell your ASx and put your money in floating rate funds, say at RM0.80 per unit, few years later when market is up, you get RM1.50 per unit... isn't that better than keeping your money in ASx and pray that the NAV is still at least RM1.00 per unit

It look and smell like FD because they want to attract more conservative investors to put money into the share market and these people don't like price fluctuations....
It is really not FD, just bear that in mind whenever you want to pick up more units

So... when KLSE down, if you sell your ASx and put your money in floating rate funds, say at RM0.80 per unit, few years later when market is up, you get RM1.50 per unit... isn't that better than keeping your money in ASx and pray that the NAV is still at least RM1.00 per unit

How come I never heard tis news before?   

which year was tis "ask opinion" thingy? 

If they change to floating, the principal could be affected thus reducing the final value. So if its fixed, principal will not be affected . Dividend will be added to the principal. Hence at the end of the day, regardless what's the NAV, your prinicipal is not reduced. But you gained the dividend.

I will rather they hold it at RM1.00. At least my prinicipal will not be affected. At least you know at the end of the day, you will still get some profit rather than worry about the condition of the market. Small profit better than big profit with risk. Like dreamer said, China and Greece is not going to recover anytime soon. Some more got 2 years to go.  After that 2 years, I can assure you nothing will change.    So for the time being, in my opinion fixed price is the way to go.
Search the thread a few pages back (don't know how many)

Ok. We wait for 1st of January and see what's the condition.

If they change to floating, the principal could be affected thus reducing the final value. So if its fixed, principal will not be affected . Dividend will be added to the principal. Hence at the end of the day, regardless what's the NAV, your prinicipal is not reduced. But you gained the dividend.

ASNB has no authority to determine whether the fund should be fixed price or variable price, the authority lies with the SC.
I guess SC has to take a look at the ASX's latest NAV before permission is granted to extend the exemption. So the question now is how good is the ASX's NAV now? Is there a way to check fixed price ASX NAV? I've tried before, I couldn't find it.

Aiyo, 'draw until showing the instestines' also don't understand

Since you invested in a unit trust product, you should first understand how unit trust works
Net asset value is basically how much the underlying assets are worth, in this case, the malaysia shares

In a normal circumstances, the NAV will change daily based on what is the asset value
In this case, it's fixed at RM1.00 per unit. But is the underlying assets worth RM1?

Say 100% of the amount the fund has was invested in Felda stocks, at IPO price of RM5
Now Felda stock is worth RM1.90
Your RM1.00 per unit is only worth RM0.38 per unit
If everyone today decides to go redeem their RM1.00, after 38% of the ppl redeemed, there's no asset/money left. Hence why.... I too don't think they will change to floating, but I also don't want to be last one to go redeem and can't get back my money

Of course, all these are exaggeration, they would also have good stocks which appreciated over time and the NAV should not be worth so little la... I just don't like the unknown or black box approach

I get what you meant. But this are the only fixed price fund in Malaysia if I am not mistaken. Correct me if I am wrong. Like I said before this, if they were to change it to floating, people will make a bank run for it including me.  Do they want to face the consequences of that? Better for them to play safe and maintain at fixed.

Second, if really change to floating, there are 2 more fixed price funds. I don't think they going to change all 3 to floating one shot. Just transfer there lo. Just need time to run to the bank and try for units again.

Third, by NOT changing to floating price, people giving them free money you tell me they don't want especially in this time? By changing to floating price, need to "sweet talk" people to buy floating funds.  Need to spend on advertisment. Need to work with bank to offer "promo". More expenses and headache for them. See how many ads they run in the newspaper and how many banks offer FD + Variable priced ASX? Either no one is picking up the funds or they cannot reach the target. People usually advertise if they cannot sell their product/just starting out.

I surrender 
Good luck to you, my conscience is clear

At least I know ppl like aeiou got the point