This is the interesting part! During the 1997/1998 crisis, ASW actually gave the best dividends. Did they short sell the FKLI to make the money?

Year Dividend (sen)
1997 10.10
1998 9.80
1999 8.20
2000 8.80
2001 7.25
2002 7.25
2003 6.60
2004 7.00
2005 7.10
2006 6.80
2007 8.00
2008 7.00
2009 6.30
2010 6.35
2011 6.50
2012 6.60
2013 6.70
2014 6.60

thanks

was in 50/50 in want to ask them or not about the change to VP funds starting 2016

I suspect that during the 'earlier' years (which I have not had the opportunity to profit from), the were a lot of retained earnings catering to a lower no units compared to today. Hence, the dividend per unit dropped as the years went by till today.

The ASW was launched 28 Aug1996. How many early years they could have?

well those days in 1997, FD pays 10% p.a now can get meh 10% p.a FD

That crisis was short, and the bottom of 900 lasted only 4 months (oct2008-feb2009), after that another 6 months KLSE reached 1200.

Okay,... whwre did they get the money from then ? Since mkt turned bad a year after they were launched, they must have made the money from somewhere. Yeah,.. one avenue could be like you said, from shorting the mkt,.... Or presumptiously, when it was first launched, PNB 'fiddled around' with the funds they have from other issues just to support this fund since it was just launched.

okay, it might be stupid / long short effort

but does anyone have / kept the 1st & 2nd year (97 & 98) ASW2020 annual report booklet..

can share info from it like the source of income, how many units, how many unitholders etc.

thanks



This post has been edited by nexona88: Aug 18 2015, 04:20 PM

I will share the details of their Investments n etc in 1996 tonite

Will knowing how they started earlier and how they were able to provide bigger yearly dividends earlier help in deciphering the current nav ?

In fact, v can calculate n estimate the NAV of fixed price Funds via their AR

AR= Accts Receiveables figures ?

Bro, u shld refer to latest MP dated 30/6/2015 instead of 30/6/2013

Yes

Annual Report

Thanks Wil,.. okay waiting for your report tonight. I supposed we will study the earlier figures from the first Annual Report and match it to RM1.00, then looking at the current Annual Report details and using the same ratio (in reverse fashion) to produce the current nav, right ?

My bad.... just asked mr google and didn't check the year

http://www.asnb.com.my/pdf/PRODUK/Master_P..._prospectus.pdf
Page 68, no change as expected
But they dont allow me to copy the texts

Doesn't matter,... same infos are being printed, but on different pages only. Unless, of course, there are other pages which detail out new changes and amendmentds detrimental to us, or disclaimers against us. However, for the subject at hand, same infos appeared in the prospectuses from different years.

Currency crisis started in Thailand in 1998 and Spilled over to Malaysia in 1999.

Sometimes it is better to write in than to call. Why? First, no offence to phone receptionists, they do not know everything about the company. So they tend to say things on the safe side for things they do not know.

From my experience, I do find Affin, CIMB, EPF & ASNB very good with their email replies. MB is quite hopeless!

Hope that ASNB side will escalate it to the right person up there and reply to me soon. Ha.

I don't see the issue raised as a problem as long as it is still RM1 per unit. Why? My capital (+ earned dividends) is still there. If they change it to VP, then 99.99999% I will cut and run! Ha.

Cheerio.

Valuations is applicable for all Fixed price Funds with exemptions up to Dec 2015 or Dec 2017 (ASB2 ony)
M more concern on price of a unit for AS1M n ASB2 as ASNB must disclose NAV/unit from 1/1/2016 or 1/1/2018 onward
Most likely ASNB will float AS1M n ASB2 on those dates
Major concern is how ASNB will manage the expectation of unit holders from Fixed to Variable price Funds in the event "actual" NAV is < RM1.00/unit