I guessed it's pretty hard to argue what will become of the FP funds from PNB before Dec 31, 2015 comes. We can only speculate.

So, the best thing to do is to cut your risk in half. But you can only do this if you know where to put the half that you have cut out ! Learn quickly,...

Bau?

Wil,... I wouldn't want PNB to just keep quiet and continue as normal on 1/1/2016. I would want them to give an announcement on how will the extension of the FP funds be like after that date, as in for how long will those FP funds be extended again as a fixed RM1 per unit each.

If PNB remains quiet, then we are at their mercy, and they can choose to convert anytime to their whims and fancy, perhaps after a short ann't and a short redemption period for those who do not wish to participate anymore.

If it is as you said, then why did they make the said ann'ts in their MPs for the last 3 - 4 years on the dates concerned ?

Yes, I am talking about the fixed nav of RM1 for FP funds. Remember that in the MP, there is a section that stated that the 6 FP funds do not need to follow the particular MFRS rules of disclosing the nav by Dec 31, 2015 ? That's what I'm talking about. The question is : why did they announce this back then ?

THat's what I thought,... it's one of the rules of the SC for this disclosure to be included, be it for an open-ended fund or for a closed-ended fund. So,... ASNB must put in an updated disclosure for the extension given (if it is given) when the term expires on December 31st., 2015, right ?

today, 10 yr mgs high 4.16%, closed 4.14%.

looks like either local funds in a buying frenzy or foreigners have not been selling like crazy.

we'll wait for next foreign holding %, whether 46-47% has changed or not.