actually SC not keen on FP funds anymore..
but since it's have foreign exposure... maybe have chance...
let's see how it would turn out be

Welcome to Lowyat Probation member.. and this your first post 

okay. to answer your million dollar question...

securities commission reluctant to have FP funds because it's mostly invested into local market.. and like u said.. it's getting bigger & harder to manage.. u just see the recent dividend rate... it's getting worse.. So they expected to diversify into foreign markets.

SC might give some exemption now on the prospect PNB venturing outside Malaysia.. Who knows. Endless Possibilities 

also the rm1/units thingy too.. lack of transparency.. which SC also kinda disliked... that's why the exemption given are not forever.. only for certain period. which the time ends, there's review for extension or conversion into VP

   

Senior Member turn into New Probation Member...

u seems to know the stuff well enough.. even I really can't remember the due date of expiry 

Walao...
What happened.
Suddenly influx of Probation members in this thread...
ASM dividend 5.5% but didn't stop newbie from coming here...

ASNB/PNB using opposition strategy of using paid troopers to pop up the damage image of PNB because of low dividends...

Good..
Come & support...
Many selling expected on Monday....

If the gate opens..
Just 1 shot / try.. Straight get 10k.. Don't needed to spam captcha 👍👍 all completed in less 5 minutes 😁

I think those who take loans and end up losing money are upset. I thought the ASB loan was 4.x%. Now I check only know it's 5.x%. If they got a higher loan rate, 6% dividend also might not be able to cover.

I think ASBs loans are basic term loans. This means they are calculated monthly using the reducing balance method. Interest rates will change according to BLR. Currently should be around 4% + 1.5%

But I've read there could be penalty for early settlement (if BLR skyrockets). Ask everything you could think of before taking the loan.

this special loan is for bumiputera and ASB* only. ASB2 6% still can cover, unless they got it at a higher rate.

I think no one will take loan to buy ASM, unless some personal arrangement with friends and family. Bank personal loan interest is very the high.

Better used my energy for ASM 2 & 3...
Spam there at least have some positive result later on...

Hehe I also hope it would go up a bit and sell mine off. Well, maybe.....

The problem with VP fund is, you need a very good market performance to make 1money, I think. You can't really earn from dividends because the price will go ex-dividend after giving out dividend, so you don't earn anything extra.

If KLSE keeps going up, then you can make 1money from VP funds.
Where got so much return. If KLCI go up 3-4% per annum then only can get positive return la.

Come to think of it, that's why all those mutual funds keep showing their 7-8% returns. Potong commission and ex-dividend, probably negative. That's why I never bothered although they keep showing me their charts. If not to simplify opening ASN account, I won't even buy this VP fund I have.

yes your understanding is correct. So the first thing you lose is the commission. If stock market goes up, you probably can make some profit from the trust fund's price increase, subjected that it increases (probably need a lot of people to buy to go up)

This is assuming the price drops which is the most likely scenario now. A 3sen drop is very small cos they will actually drop more than that.

that's the idea. but i don't and won't recommend anyone to buy VP funds because I don't do it myself.

I don't recall KLSE dropping much in 2008. Only US dan kawasan2 yang sewaktu dengannya crashed.

They will release to VIPs first before sell to public...

Yup. This the one have quota / allocation...
But everyone knows VP funds performance 😈
So u still want join or not?? Huhuhuh...

Too bad then..
What's the entry price your mom bought vs current price?

I strongly agree ASN is to help Bumiputera. The concern now is most of the ASM funds are grabbed by rich non bumi. People I know outside of the forum only own a few thousand. The most also 25k after years of dividends. So ASMx end up helping the rich nonbumi. This is the only reason I could think of ASNB converting the fund to VP (and I do agree that sufficient time will be given or maybe even offer to convert to other FP funds when that day comes).

Weird thing is, ASN itself was converted to VP. Maybe to give bumiputeras a chance to earn more money when KLSE goes up?

ahhh i see

No lah, the rich and connected not interested to make a puny 7-8% per annum. they do business and 一本萬利. Unker Teh has many many funds to help enrich you also

haha. I never let unker Teh help me get rich quick, so i dont know. But now that I know VP funds will go ex-dividend, I think even FD is safer. Unless KLSE bullrun la.