Can a local fund actually be FP? Will SC approve?

If no, means no green light right? Imagine a FP giving 7.x%/ p.a I will be the first to dump ASX FP to go for that.

Trying to balance your portfolio movement with every market volatility, extremely large fund size (most unit trust funds are less then 1 billion), investment mandate, income distribution targets and god knows what other factors including ensuring enough cash in hand to honor on the spot redemption is a headache that most UTMC never want to take on.

55 more days to go!

What/when/why/where/how???

The announcement on whether ASX will be changed from FP to VP.

No news on the announcement is good news.

Please help us here if you know of any hot news. Then we can take the necessary actions.

Thanks.

Thanks for you positive outlook.

As I have quite a fair bit in ASX, I prefer to be 100% sure than just wishing for no change. 

Cheerio.

Right now ASX FP is like a FD on steroid minus pidm protection.

What's that suppose to mean? It is already like FD. Buy and sell at rm1/unit. Liquid enough like FD,  Every year consistent rates of 6.x. % apa lagi lu mau?

Btw, in the ASX FP, there might be xxx.xx (like sens), if we were to remove the money can we withdraw those last 2 digit as well? Or that cannot be removed?

finger cross waiting for bonus to masuk then buy
u are lucky.. i try so many place non of them wanna open for me. 

FP to VP is very unlikely will be happen

been wanting to ask... not sure if its personal. but, those who dont mind sharing, how many percent you have in SA, FD, ASNB, UT? is it safe to have like SA-20%, ASNB-80%? like whats your rule of thumb here.

feel like transferring all FD to ansb. not sure.

@Ramjade, 90% on asb? omg. you guys really have confident in this. A lil skeptical tho, seems to good to be true la, worse thing i scared is cannot withdraw or limited withdrawal in case something goes wrong when everybody withdraw. Then again, i dont know much, just started found about ansb and open account a month ago. lot to learn.

maybe ASNB is thinking if economoy bad next few years KLCI drop, and many FP members withdraw, they will be in trouble to commit as their investment could easily lose half the value but per unit price is still RM1.

Feedback from RHB Lenglui RM , as1m unit have very limited right now...so laku ni...haha...

My channel is through post office. But you got to know the manager to do the magic. Small price to pay, but overall worth it. Since if go bank, nearly impossible to get big amount of units.

My Portfolio allocation

Tabung Haji: 27%
ASNB FP: 50%
ASNB VP: 4%
US/European stocks via CFD derivative: 10%
Savings/Current Account: 8%.

I keep quite a big portion in TH, mostly for the reason that it is more liquid that ASNB funds (for emergency purposes), because I can withdraw using Maybank/Bank Islam ATM cards or transfer the amount to Maybank CASA account anytime.

And the CFD part is only for experimenting purposes. ie, learning about investing etc.

I put alot in asnb because right now I am so busy with my study and I really like to try on FSM for VP. Time constrain, What to do?

I know, but the time to learn the platform..... I have seen..
I am quite sensitive on online purchasing, so yea. I need to have a lot of time to learn it carefully. I know I am paranoid lol

And go Holland? I think I rather trust pinky and xuzen