The story is the PNB spy in LYN passed back the message of many non-bumi subscribers are hunting ASW units.

PNB needs money now, so, enlarge the fund. Otherwise, all the free cash will be sucked by the banks in their recent FD promotion.

This post has been edited by kpfun: Nov 18 2015, 12:17 PM

No way until 7 digit. Most for holiday also 5 digit if say air ticket per person is rm30k.

Highly unlikely but I will give thumbs up.

Think about it. Currency war is coming soon when Fed revises the rate. PNB needs to ready bullets to sustain the ringgit in Bursa.

well a lot people travel year end. not only 1 family.

u add all of them, sure can reach 7 digits

simply cannot enlarge the fund. needed approval from SC.

only thing can do is sells off ASNB holding units in ASW2020

ummm.... here, we are talking about transparency of GLC.... which, I think, many creative accountants and auditors work in this country.

This post has been edited by kpfun: Nov 18 2015, 12:41 PM

Thanks for info , successful purchase asw unit

I don't think is few family. I think is an individual. Why :
a) Huge fund available for non bumi. Which means this person must have beforehand tell asnb that he want to remove a 7 digit lumpsum. Must be before this asnb does not have enough liquidity to let the person withdraw 7 digit one shot. So make appointment and come back today and withdraw.
b) If families going on vacation, sure everyday we can get. How come today is so special got families removing 7 digits one shot?

Hence, I think is one particular individual. I could be wrong.

hmm too much speculation theory I donno which one

anyhow everyone happy2 today. can get ASW2020 units they wanted

next week new system. I donno okay or not. stable or have loading problem

yup. I do agree the lack of transparency.

u see even in ASW annual report, they didn't disclose all investment. only say top 20 company invested. unlike ASM & AS1M which listed whole counters name

That why I love ASNB so much. I just put my trust on them that they won't screw up their bumi votes. I tied myself in a bumi's boat. They dare not sink the bumi boat.

They really make money or not, I don't know. But, I know they are paying handsome dividend all these years, which is truth.

Sounds like scam, isn't it!

This post has been edited by kpfun: Nov 18 2015, 01:06 PM

Well as long as paying good dividends, buy and sell at rm1/unit, instant redemption. That's good enough for me. I don't need to know what are they doing.

yup. they dare not rock the bumi thingy.. asw2020, there's bumi holdings in it, so we kinda safe for now. only ASM not sure how much is bumi holdings

it's the biggest & most successful ponzi scheme backed by gomen

I do not believe that it's an individual even though there's no limit to what an account holder can invest in ASW. It can be a group of people who's gotten on the wrong end of the law or their finances. As I stated in my earlier post, it can be due to legal issues, insolvency bureau and what not.

Just read recently the amount of people declared bankrupt on a daily basis. Or people just going for holidays, time to pay insurance premiums, school/college/uni fees, wedding season, etc2... Or maybe PNB as the fund manager has identified an investment opportunity and decided to release the fund manager's holdings to fund the investment opportunity?

The list of possibilities is endless. Besides, even if 1 person wanted to withdraw 7 figures it'll never be in cash.

As confirmed by a previous post, PNB did not increase the size of the fund. They can't do it without approval from SC. Even for dividend distribution, they'd need to get SC approval to automatically re-invest. If SC says no, PNB would have to give you dividend in cash/cheque.

Again, what's with all the speculation? We Malaysians can be really fussy people. Tak ada complain, ada pun complain

And PNB is a ponzi scheme? Well how about you giving it a try. See if you can pay dividends using the amount that is being invested by new investors. The numbers will never be enough and PNB wouldn't even last 5 years never mind 35.

wow what a long reply

and yeah, there's a long reason why there's unit available.

anyhow do u have any news about New ASx fund next year & also the changes on FP to VP

This post has been edited by nexona88: Nov 18 2015, 02:00 PM

Congrats

U just worry too much

Long reply because I find it funny lah we all. Like I said, ada pun susah, tak ada pun susah heheheh

I spoke with my insider the last time there were rumors of a new fund but there's no confirmation if it's FP. My contact did say that unless directive came from "langit" (read AS1M and ASB2) than the new fund (if there is one) may be VP because of SC's strict risk mitigation policy towards the KLCI.

Who knows, a new VP fund that's also open to non-individuals like companies? It's an untapped market for PNB as all of their funds currently is only open individuals only.

There's also the possibility that PNB does not want to manage anymore new funds (if they could). Ask any fund manager and they'll tell you the best size for a unit trust is between RM250m to RM500m. Anything below RM250 would make the fund noncompetitive while anything larger would mean too difficult to manage.

On the issue of FP to VP, no news as yet. So as some may say, no news is good news

Anyways, I'm glad my earlier tip came true. Can't confirm if the next one will be as correct as this one. And I bet by now, if there was say 1 million units at the start of the morning... It may have all run out given the ferocity of the hunters and fishermen here

Congrats
Btw, how many digits?

what to do. most of us very hard to satisfy. "ada unit pun susah, tak ada unit pun susah"

if VP funds, high possibility I won't open it unless they offer 1% SC all time compare with 5% currently.

wah looks like u already have the info.. the new VP fund would be open to non-individuals. "pandai u cover line"

anyhow thanks for all the info provided. I really appreciate it eventho I didn't take the opportunity to top-up, others have benefited from it