or maybe slightly lower. to 'keep' for rainy days next year. lol

This is what I heard:

"Back in 1990, ASNB giving 60% special bonus for ASN".

Is this true? Or it is a conversion from ASB to ASN. Tried to google the info but can't find any. Maybe otai otai here can verify.

Anything goes

The special Bonus came from PNB instead of ASNB

so, it is true?

they might do this in 2016 right?

That one they give people time to decide.

First like what other members said. If they do that, KLSE going to bleed and die. Everyone withdraw. You think with so bad situation, they want to make the economy and myr drop further?

Second they will give announcement. This is not petrol price where they can just suka-suka change like that. This is "national interest"

I will tell you this, the most they will change is maybe 1 fund only. No way they will change all. Got 3 fixed price funds. If you are worried, open all 3. If one kena affected, just "transfer" to the other fund.

Am I worried? Yes a little. Do I think they will change? No. Worse come to worse, in my opinion, they will change only 1. If you are worried, withdraw on 1/12. Dump into 1 month fd first. Wait until 2/1/2016, then dump back again. But see if you are lucky or not.

This post has been edited by Ramjade: Aug 24 2015, 12:19 PM

I kinda agree with you.

Partly to cover for next year and also the drop in KLCI in recent months.

But 6.6 or higher will be most welcome any day! Ha.

+1

The rumour about the change from fixed price to variable price is ridiculous. I work in the industry and personally have many friends working in PNB and ASNB. They wouldn't do something so drastic like that. It would be a disaster.

This post has been edited by Mr Gray: Aug 24 2015, 12:49 PM

can u do a big help to all of us please.

ask your friends in PNB personally on tis issue. Ask them nicely

we all needed to know the real story

advance thanks

This post has been edited by nexona88: Aug 24 2015, 12:57 PM

yes, i think it would be a disaster too..but if the underlining Value of the assets in the fund are really "lower" and stayed low for years....how? Borrow to keep paying to support the payout amount?

Eg, True NAV only RM0.50, you pay RM1.00 for fixed price fund. Indirectly you are giving PNB extra money. They can use that to earn extra income to pay the dividend.

For fixed price funds like ASB, ASD, ASW2020 etc. The NAV is kept close to RM1. PNB doesn't give all returns and keep its reserves for precisely this objective. During the crisis in 1997 and 2008. What happens to the NAV? For sure, without the support from reserves, it would drastically drop below RM1. PNB has managed to give dividend every year (CONSECUTIVELY). Fixed price funds pose a lot of risks to the fund manager. With robust risk management in place, it has managed to weather so many crises in recent times, without scathe.

Okay I won't beat around the bush anymore. I work in PNB. So I can assure you the rumour is without any basis, At ALL!

This post has been edited by Mr Gray: Aug 24 2015, 01:06 PM

seems like this logic is flawed...

then how about the statement in master prospectus.
can explain about it?
[attachmentid=4810968]

How is it flaw? You are suppose to get 2 units (assuming price is RM0.50/unit) but you get only 1 unit after paying RM1. So where the other unit go? Definitely kept by PNB as reserve.

since we are lucky to have someone from PNB today....
Mr Gray...is the above correct?

This post has been edited by MUM: Aug 24 2015, 01:21 PM

I prefer to collect Xtra upfront

ASNB manages the marketing of the funds while PNB manage the investment. I won't be able to tell you exactly what the statement means, because even I don't work in the related department. However what I know is that, PNB's bread and butter has always been the fixed price unit trust funds. Even if the world were to turn upside down, and if eventually PNB has to move away from VP funds to FP funds, it would not happen overnight. Plenty of notice would be served.

And for sure, it is not coming anytime soon. We can all think of what will happen if suddenly PNB announces that ASB would be turned to variable fund.

Massive exodus of withdrawals. And we aren't that stupid to allow that to happen.