"The first PNB fund, Amanah Saham Nasional, was launched as a fixed-price fund in 1981 but it reverted back to market pricing in 1991 as per the trust deed.
Soon after that, Amanah Saham Bumiputera, a fixed-price fund was launched in 1990 for investors not accustomed to market fluctuations."
Source: http://www.theedgemarkets.com/article/cove...y-pnb-conundrum

So ASN was actually forced convert into VP by rules set earlier, and then PNB makes ASB instead to continue the FP fund. Is this the interesting story?

If this is the case, we can expect the prospectus shall mention the date to convert from FP to VP, not by overnight decision.

So, that's the story, ASN changed to variable price wasn't any problem with the management, economy or fund, but just by rule. And there is no rule stating ASM will change from FP to VP, so nothing we should worry. Of course my interpretation could be wrong.

Anyway, share the doc here, since it is not confidential, I think some members here will be free to read?

Mortgage...if ur have semi-flexi or full-flex loan type....u could consider to park money in mortgage and save interest... and later can withdraw if required..

Buying house now high risk leh

You hit the nail on the head! Good.

I called ASNB office today and the lady told me the SC's extension has nothing to do with the FP or VP, just changes in statement reporting. I find that surprising and then asked what about the ASB that was changed from FP to VP. She told me that was stated in the trustee/prospectus to change to VP in 1990. I wanted to verify that in the old prospectus and thus asked here.

Don't take what I have said as the golden truth. If later they changed them to VP, I will not be liable.

The master prospectus is too long to read. I wanted to scan through by searching for word "fixed" but cannot search that doc (like a scanned doc). Anyone here can help by converting that to normal pdf?

Thanks.

Deepavali wish from ASNB

Bang , happy deepavali.

Ong ong mali.

You hit the nail on the head! Good.

I called ASNB office today and the lady told me the SC's extension has nothing to do with the FP or VP, just changes in statement reporting. I find that surprising and then asked what about the ASB that was changed from FP to VP. She told me that was stated in the trustee/prospectus to change to VP in 1990. I wanted to verify that in the old prospectus and thus asked here.

Don't take what I have said as the golden truth. If later they changed them to VP, I will not be liable.

The master prospectus is too long to read. I wanted to scan through by searching for word "fixed" but cannot search that doc (like a scanned doc). Anyone here can help by converting that to normal pdf?

Thanks.

Oh no, now the paranoids would not be dumping their ASx.

Only mean 1 thing..
Good luck on getting "big" amount....

One thing I realized... Only few of us active in reply the topic.. But there's many more out there who are just silent readers.. Looking afar what we all discuss here...

N they sapu all the units ahaha

Deepavali wish from ASNB

But hey.. Its free world.. Cannot forced anyone.. Their choice of being silent & sapu all the units available silently 🙅😫🙇

Happy Diwali bro

Tomorrow start fishing again

Yesterday I received wawasan laporan tahun by postman, this is my first time get it although I have wawasan account more than 20years.

Feeling surprise wo.

All the while u guyz ada received laporan tahun every year???

Yesterday I received wawasan laporan tahun by postman, this is my first time get it although I have wawasan account more than 20years.

Feeling surprise wo.

All the while u guyz ada received laporan tahun every year???