Yes, I believe we as non-bumi have to exercise precaution and monitor the policies..

Although SC has the authority to approve any request from FP to VP, taking into consideration, the gomen priority on enhancing Bumi equity ownership, ASB is definitely standing strong compared to the other FP funds..

As such, the other FP funds are then subjected to the aim of gomen as well.. as SC also gomen de.. ^^

Interesting point if this applies. I've heard of the same rule before re: lowest balance of the month. That means if my ASB2 is 0 on 31/8 and in the morning of 1/9 before I put 40k in it, probably that means my lowest balance in September is 0. Hmm ... Let's see if other experts can vouch for this.

well, at 8am for example, before you put in 40k, it's 0

Care to share why you rank in that order?

i see.

so if u sell off 40k on 31 august, your minimum balance for august becomes 0? back to square 1?

just wondering - how many of you would still recommend to continue trying to top up the FP funds for non - bumis (ASW/ASM/AS1M) or most of you would just hold on till december...

not surprising

Not bad.

Maybe around 5.5% for 2016 in view of the gloomy global economy.

Sifu, do you know on top of your head, what was the carryover % from 2014 to 2015 for ASW?

Thanks.

So if I read it correctly

2014 - 2015    2.7% carryover
2015 - 2016    2.1% carryover

looks like ASW did not do well this year (smaller carryover AND also lower dividend rate).

Cannot expect it to do magic even during bad time, right? Ha.

Yea.

What important now is that able to give at least 5% and stable yield.

KLCI was very much worse back in 2008 compared to now.

you're right - I too am more concerned about the divvy next year because of the effects from FY 2015/2016. FY2014/2015 is not really that bad...yet,because 2014 gave us some cushion.

Edit : extra comments.

Generally, EPU for a fund, be it Equities or Balanced would drop if mkt is bad. Bond Fund, may or may not drop,... because investors may plow their money into Bonds and Bond Funds when equities are bad.

Aware that EPU = Earnings per Unit of a specified fund. To me, I was commenting on the EPU with the basis of the EPU being a numerical figure (in RM for PNB) of the total amount of earnings of a fund at the cutoff date of a complete Financial Year divided by the number of units in issue as of the cutoff date.

Say you put that RM5k on 1 February in AS1M. Originally, balance in AS1M was RM1k. The lowest balance for AS1M in February, would therefore be RM1k. If you want to make it counted, you have to deposit before 1st of each month.

Nope. It's not counted that way. ASNB office opens at 8.30am. Before you deposit that 5k, the lowest balance in February is 1k. Doesn't matter even if the deposit is made on 1 February. Because PNB takes the lowest balance at any point in time within the month.

No. I work in PNB. We don't count it like that.

The presenter either doesn't know his stuff, or doesn't understand what you're talking. PNB doesn't count it that way because it would open up opportunities for people to shift funds every single month between ASB,  ASB2, AS1M and other FP funds and potentially could get higher returns at the cost to the company. (Since different funds have different dividend dates)

I've made calculation for all my accounts in ASB,  ASB2 and AS1M. And the numbers are absolutely spot on.

Tks Wil,.. I have not compared, so this is good news for me. BY the way, just a hypothesis here, wouldn't you say that the Retained Earnings per UNit (from previous years)  + the Current Year Earnings per UNit - the Dividend Payout per UNit = the Net Asset Value per UNit of a fund.

WE can find out the Retained Earnings per Unit from the yearly press conference held for dividend ann't.

WE can find out the Current Year EPU and the Current Year DPU from the AR.

Then we would be able to decipher the NAV per Unit as at the cutoff date !

Any other factors involved besides what I have indicated in the abve ?