NAV for FP funds are not allowed to move too far away from RM1. It will be kept close RM1. Too cheap would be very risky for PNB to serve withdrawals, while too expensive would be very costly for PNB to sell something worth more than RM1 at RM1.

Reserves are utilised to stabilise the NAV price. Every year, even if we get like 10% or 12%. We might only give you around 7%. The rest? We keep it in reserves for the rainy day.

Sounds to be like a ponzi

ASNB won't simply rock the Boat by converting from FP to VP fund considering confidence n economy crisis right now

A ponzi scheme doesn't promise you only 7% return per year. OPR is at 3.25%, you can get FD for around 4%. Is it impossible to get 7% by investing in the equity market? Ask yourself. PNB doesn't give outrageously high returns. It is something definitely achievable and not out of this world.

okay. thanks

btw do u know or heard how much the ASW2020 dividend rate?

i see, the debate still going on.......

Nope, I don't know. It's P&C. But PNB wouldn't vary the dividend rate too much. You can look at historical dividend rate, and see that it's very stable, with no sudden jump or drop. Irrespective of whatever happening to the market.

Tis is the Best time to open new a/c n top up as almost every Ppl is nervous

This uncle with unlimited bullets!

May I know who has successfully bought as1m via maybank2u before?

the debate won't die so soon

anyhow I admire your confidence

By the way, if anybody is interested in variable price. You might wanna look into ASN. Today the price is RM0.69. I will be buying more ASN units soon, as PNB has given around 6 sen per unit for ASN in recent years. Gross dividend yield would be 0.06/0.69*100 = 8.7%, way higher than ASB.

And many people are not aware that ASNB uses historical pricing for its funds instead of forward pricing. Most other companies use forward pricing.

Historical pricing: Price of NAV based on the previous day NAV.
Forward pricing: Price of NAV based on expectation of tomorrow's NAV.

Since, ASN has quite a high correlation with KLCI. Don't buy if the index drop, wait for tomorrow.

Today, KLCI dropped by 40 points, mainly because of the huge 8% drop in Shanghai Composite Index today. I'm gonna wait for tomorrow to see how the market goes.

This post has been edited by Mr Gray: Aug 24 2015, 01:58 PM

How u know is uncle?
He could b Gen Y or Z

For VP funds, dividend alredy embedded into daily NAV
Thus, yo total investment value b4 n after distribution remains unchanged

not worried at all..i'm just asking around on the possibility...

however, will zerorise the amount in asw and as1m on the dividen day and transfer it to asb, already cancel the asb loan, epf account 1 will take care of my asb2...

Yea, I am keen on ASG too. But worry about klci performance, I remember I bought kesihatan at 1.18 look at it now.

But now moving into ASM, like you said, fixed price fund is the core of asnb.

And thanks for clarify the rumour too. Ive been saying the same thing but people ignore me.... LOL

Are you replying on a personal capacity or on behalf of PNB? If the latter than it's nice to see such a "mature" organisation being in touch with the "social media" (eh, LYN considered social media ahh? ) crowd

Personal capacity. Hahaha. Actually PNB staffs can't give comments to the media, without the permission of the company. But since I can be anonymous here. So why not. . And I'm not divulging any P&C matters anyway. And I'm just here to dispel the false rumours.

This post has been edited by Mr Gray: Aug 24 2015, 03:07 PM

glad to have PNB staff here.. do comment from time to time if there's anything wrong with the info posted / shared (if not consider as P&C)