No different among these 3 except the financial end dates are different
these funds invest in similar stocks, and managed by same fund manager

ASD annual report 30/6/2015 is out.
3.4% of the total subscribers owning 85% of the funds. and
85% of the subscribers owning 5% of the funds

Not sure how much profit carried forward from the annual report.

what do u mean by FD? i am sure it is not a fixed deposit

In most developed nations, the rule of 20/80 applies, meaning 20% of the population own 80% of the national wealth.
For developing countries, it could be 5/95 where 5% population owns 95% of the nation's wealth. So all the fixed price ASNB funds are proven that, not only ASD.

For mixed-race funds like AS1M, ASW, we can't differentiate who are the bigger fund depositors. But the ASD can explains it.
The implication for ASD is, even for a fund that solely for Bumi, the 5/95 still applies. the pro-bumi policy enlarges the income gap within the Bumi Group.

From the report, the high net worth investors (0.5% of total subsribers) who own > RM50,000, own 55% of the total funds.
Each investor in this category holds approximately RM1.5mil fund

yeah, correct

Banks slow down on giving out mortgage loans, to sustain the loan growth, they need to expand other financing.

The reason of changing passbook is to standardize the customer number. Previous arrangement is different fund different customer ID. With the new system all funds under the same customer will be displayed within the same page in the computer screen

There is an over speculation on conversion of all 6 FP to VP funds. I don't think it's going to happen anytime soon, especially bank take ASB and ASW certificates as collateral for OD/TL facilities. Bank offer up to 95% financing based on the face value of the certificate.

If the funds convert to VP funds, the banking industry will be upside down.

Unit trust are not linked
Unless the lhdn suspect them they can trace with court order

there is no withdrawal limit if you transfer the withdrawal to your saving or current account, then u can transfer it out using cheque or interbank transfer.
There is a limit on cash withdrawal as the bank needs liquidy in the strong room.

still back to the liquidity problem. It is noting to do with ASNB product, it is the cash liquidity of the bank

Yes, unless pre-arrange with the branch

why not? seen it many times, an ex-banker here

How it happen when 1 unit Is Fixed at RM1 perpetually?
Your own MP?

Spot on !!
Plus ASB got max limit of 200k, if they don't put extra money in the bank, they put under their pillow?
What a sweeping statement saying bumi don't put money in the bank.

There are many
Read the asb report how many exceeded 200k deposits.

ASNB has very limited foreign exposure.

Their strategy is dividend income from the blue chip stocks they have invested. They do not flip stocks, but keep for long term. Those dividends may fall when the business is affected by economic turmoil.
That is one of the reasons why the fixed price fund unlikely will fall below RM1/unit.

One of the successful stories by a dummy investor in Japan (a grandma of 90 years old who never go to school). She has around 50 grandkids/ great grand kids.
She has never made lost in stock investment throughout her 60 years of investment experience. The secret behind is she keep every blue chip stocks she bought and keep them for at least 30 years, and she never sell it.
Although her investment is relatively very small, but it proven works. ASNB applying the similar strategy apparently.