It's nothing new really. I think it's a given understanding that ASNB branches is able to view the available units real time under the new system. I do not believe the same feature is extended to its agents though but the ability to view real time units is there for all of the funds that has migrated except ASB.

I've used Amanah Raya before and I must say the service provided by ASNB is still cheaper, faster and "secure" as compared to amanah raya or wills. Amanah raya took me at least 8 months to settle so the only drawback is ASNB only handles their units and not other assets.

No, he will not be allowed. Even he can deposit funds, he's just going to alert the insolvency department that he has other assets and may be able to commit more towards the repayment agreement set by the courts. Similar to banks, the insolvency department will notify ASNB to freeze all assets and any proceeds resulting from these assets would be JIM's first right of refusal until the bankrupted person is cleared from their list.

This post has been edited by hyelbaine: May 25 2016, 09:50 AM

Don't forget to email to asnbcare@pnb.com.my and tell them the full details such as which branch of their agent and all.

A lot of people has the same thinking as you. That's why units for these funds are limited and ASNB often describes them as "fully subscribed" to manage expectations.

Been there, done that, got burned. Will never again touch PMB funds again.

I heard that they kept launching new funds to ensure new money comes in because without "new" money coming in, it's difficult for them since most of the funds are underwater at the moment not just in terms of NAV but also returns.

PIDM only covers BANK deposits and INSURANCE products ONLY. Investment vehicles such as stocks, bonds, MGS, unit trusts, etc2 does not apply.

Well when it comes to ASNB FP's products, it's as good if not better than cash. With value maintained at RM1 as compared to normal UT that fluctuates; ASNB FP is actually better than cash because it gives you returns as compared to cash which has its value decreased by inflation.

This post has been edited by hyelbaine: Jun 7 2016, 08:43 AM

http://www.theedgemarkets.com/my/article/r...ion-transaction

Can someone be kind enough to explain what the article means? Been reading it for a few times and can't seem to make out what's actually being done. ASB loans are now securitized derivatives?

Exactly. I couldn't make it out no even after reading it a few times. I contacted my normal insider and even she's not sure what is it all about. Maybe our other insider Hensel can shed some light because as you rightly said, 10 billion is no small fry leh...

I had a feeling that suddenly the ASB loans are being packaged and re-sold as something like a securitized derivative and ever since the GFC of 2008 the word that springs to mind whenever one tries to understand such cryptic technical stuff is "mortgage-backed securities" which led to the whole subprime crisis.

Question is, is ASNB/PNB a privy party to this whole deal. Tried searching for info on the westeros company and found not much info on who's actually owning and running them.

Well, personally I hope that ASNB/PNB has nothing to do with this. On paper it doesn't look like it because the whole ASB loan is still essentially a bank's product but I still somehow don't like the whole idea of it all...

ps: sorry for going ??

That's exactly the mindset the Americans had just before the GFC of 2008/09

Be careful. There's a saying among people who've been around equities long enough, the phrase is Catching a falling knife

I can safely say that there is no such thing as a new fund launched by ASNB. 125% confirmed. Firstly it would have to be in their most recent master prospectus.

Secondly, it's not on their corporate website or their social media channels. My internal contacts also confirms this and would like to see the so called "new ASNB fund" so that can be reported to HQ for action to be taken against the agent.

Thirdly, the ASW is on the same system as the ASG. It's illogical for ASW to be online but ASG to be offline. That ladies & gents, is the winner for this week's best actor awards

This post has been edited by hyelbaine: Jul 5 2016, 08:36 AM

Yes you can. ASB2, AS1M and ASW are FPs that can do EPF investment. I've posted a few times in the past that ASW has a significant number of units available under EPF. According to my insider, there's at least 6 figures of ASW available allocated under investment via EPF.

The next time you're in ASNB branch or HQ, inquire. Just bring your latest EPF statement with you and just apply. If you're in it for the long term than why worry that you can't withdraw it until you're 55/60? Unlike online banking there's no cost if by the time EPF transfer the money to your ASNB account and there's no units.

And to an earlier post, additional investment into EPF is capped at RM60k a year. EPF withdrawals for unit trusts such as ASW can be done every 3 months with no limit other than maintaining your minimum balance (based on age) in your EPF account 1.

I've done it before. It takes about 2 weeks for EPF to transfer the funds to ASNB. You'll get an SMS once the transaction is successful and a letter stating the amount that was invested into your FP account. Similar to certificates, it'll not appear in the passbook but when you get your annual statement, you'll see that you'll have units under the row "Skim Pelaburan Ahli (SPA) KWSP".

It's a presently on-going campaign by ASNB for opening/additional subscriptions for akaun bijak/remaja

If that came from their social media account that it's probably true that the transaction charge is all the bank's profit 100%

If it was to be part of their income, it would have to be stated in the master prospectus on the charges that ASNB levies on its unit holders. They cannot charge something for unit trust if it's not in the MP, SC's requirement.

This post has been edited by hyelbaine: Jul 20 2016, 04:23 PM

With all the news regarding Malaysian Official 1 last night one can expect AS1M to go on sale due to panic investors herding around like headless chicken