to me, the existence of asb benefits all malaysians.

before ASB, many malays invest short term, when they get 20% return from market, they spendspendspend. then when market down 20%, they go bancrupt. then they go riot

with ASB, ASB absorb the risk, and maybe get a spread of 1%-2%. and gives back 7% return to investors. This basically teaches malays the benefit of investing for the long term

if u want 20%, wait 3 years. if u want 100%, wait 8 years.

furthermore, because now malays know how to invest, they wont splurge and hence wont riot and destroy the riches of all race. Everyone benefits.