It's ok to be worried but not paranoid.

Some of these funds were started when KLCI was not even half the value that it is now. For example, most of these FP funds probably got into Maybank (accept for ASB2) when it was less than RM5. Even in the current depressed local bourse Maybank is still valued at over RM8 per share so assuming that they've maintained the average cost price around that level since then and have only been reaping benefits of dividend from Maybank or other blue-chip counters, the NAV could probably be even higher than RM1.

Don't forget that PNB is classified as a major corner-stone investor so their entry price for IPOs or stocks may even be lower given the discount that would be afforded to entities such as PNB.

I for one are with those who doesn't look at the current situation negatively. I know it's hard for many to do so but like I mentioned earlier, if you know what you're investing in than you wouldn't be so paranoid. Investment includes not only choosing what type of product to invest in but also having a clear entry and/or exit strategy.

If you don't have the latter than you'd probably have no idea what you're investing in and you're better off with products such as FD which is capital guaranteed and protected by institutions such as PIDM.

The drawback? I think you know

Yape, that was what i forgot to take into consideration..

Good piece of advise... ^^

Friendly Reminder

Suspension Of Transactions : ASW 2020
25 - 31 Aug 2015

those panic, can withdraw now before the the transactions is suspended

Did ASNB explicitly say they will convert those FP fund to VP fund from 1/1/2016 onwards?
In fact, there is 1 major implication as a result of the 'mark to market value' action
So far, no one highlighted tis implication yet

From what i use that implication of 'mark to market value' could be very subjective..

Depends on what perspective you are looking at..

From my perspective, ASNB have the rights to convert the fixed price unit trust to variable unit trust based on that implication..

But this is merely my opinion and view.

This post has been edited by smartinvestor01: Aug 20 2015, 01:07 PM

And lose a month of dividend? Bad advice, at least withdraw on 1-sept-15.

This post has been edited by MGM: Aug 20 2015, 01:27 PM

Haha.

They so damn scare that asw will change to variable price ma. Better withdraw now lo.

well I did say those panic / no confidence in ASNB

Reply from ASNB:

The disclosure concerned relates to the accounting standard practised by the fixed price funds.

As all the fixed price funds are under the purview of the Securities Commission (“SC”), any major changes to the features of the funds are subject to review and approval of the SC and the Trustee, namely AmanahRaya Trustees Berhad.

It is the duty of the ASNB to notify unit holders whether individually or through public notices if there is any requirement for the fixed price funds to be converted to variable price funds.

As the fixed price funds are of national interest, a public notice shall be served if there is such occurrence of a conversion.

So they will notify the public if there is a change.

Reading in between the lines (the last sentence), I don't think this time they will change it to VP. Ha.

This post has been edited by plumberly: Aug 20 2015, 03:41 PM

fuh look at the reply esp "the fixed price funds are of national interest"

since when ASx become "national interest"

so they gonna change or not to VP on 1st Jan?

This post has been edited by nexona88: Aug 20 2015, 03:47 PM

Assuming if they do change it and announce to all.
If everyone sell, but no one buy, will it be ok?

who ever sells, they needed to pay on the spot. it's already stated in the deed of the funds

ASNB and/or its Agents will Buy

Well, i will just assume this as good news..

Foreseeing that statement ''As the fixed price funds are of national interest'', i guess its not going to happen soon..

This post has been edited by smartinvestor01: Aug 20 2015, 04:09 PM

Expected

Political will trumps regulations all the time. Case in point? ASB2 and prior to that AS1M. Only Pak Lah didn't have his "own" branded fixed price fund so if you really want a new one, time to vote for a new PM

Just to add some flavour to ". . . of national interest", mind you, it is not saying " . . . of national importance". A BIG difference in context.

Ha.

Just keep our eyes and ears open for news on the changeover, if any.

I wud rephrase 'national service'

Good one!

Who knows, later " national DONATION"?

Sorry, off topic.

But isn't national interest, political will = big jar of untouched cookies?

This post has been edited by Ramjade: Aug 20 2015, 04:31 PM