This thread is strictly for the discussion for ASNB Variable priced fund only.

Any enquiry on Fixed priced fund - https://forum.lowyat.net/topic/4677986



Just if anyone wanted to try their VP, the above 2 are worthwhile to mentioned. They are newly launched on Sept 2018.

ASN SARA 2
Fund Name
ASN SARA (MIXED ASSET CONSERVATIVE) 2, (ASN SARA 2)

Type
Conservative

Category
Mixed Asset

Launch Date
24 September 2018

Investment Objective
ASN Sara 2 seeks to provide the investors with liquidity and regular income stream with potential long term capital growth.

Potential Investors
ASN Sara 2 is suitable for:
•Conservative and risk averse investors
•Investors with preference for income and liquidity
•Understand the risk of investment

Eligibility
•Malaysian individual who is 18 years and above.
•Guardian from the above category applying for units as the guardian for a Malaysian minor who holds a valid birth certificate but is below 18 years of age.
Note: The Manager has the absolute discretion to change the eligibility age of minor subject to provision of the Deed and approval from the Trustee.

Investment Manager
Permodalan Nasional Berhad

Financial Year End
30 September
 
TRANSACTION INFORMATION
Price per Unit
The price of Units of the Fund is based on NAV per unit that is determined based on Forward Pricing.

Form of Investment
Cash/Cash equivalent

Minimum Initial Investment
RM10 via cash or cheques

Minimum Additional Investment
RM1 via cash or cheques

Maximum Investment
Unlimited

Sales Charge
3.5% of NAV per unit is charged to unit holder

Repurchase Charge
None

Payment of Redemption
Under the Guidelines, the payment of repurchase money is allowed to be made within ten (10) days upon receipt of repurchase request.

Cooling-off Period
Within six (6) Business Days commencing from the date of investment i.e the date on which the Manager receives the duly completed application form and the investment amount.

EPF Members Investment Scheme
None


Distribution Polciy
The fund will distribute earnings from its income, if any, at our discretion, subject to approval from the Trustee

Account Closure and Income Distribution Entitlement
Based on the Deed of the funds, ASNB is allowed to close the account should the balance in the account fall below the minimum investment balance as stated in the Master Prospectus. Therefore, unit holders are advised to maintain the minimum investment balance in the account at all times throughout the financial year of the fund(s), to avoid closure of the said account thus affecting future income distribution entitlement, if any.

ASN EQUITY 5

Fund Name
ASN EQUITY 5

Type
Growth

Category
Equity

Launch Date
24 September 2018

Investment Objective
ASN Equity 5 aims to provide investment opportunity which generate a reasonable level of capital appreciation and income distribution to the Unit Holders through a diversified portfolio of investments

Potential Investors
ASN Equity 5 is suitable for investors whom:
•Seek capital appreciation
•Have high risk tolerance
•Understand the risks of investment

Eligibility
•Malaysian individual who is 18 years and above.
•Guardian from the above category applying for units as the guardian for a Malaysian minor who holds a valid birth certificate but is below 18 years of age.
Note: The Manager has the absolute discretion to change the eligibility age of minor subject to provision of the Deed and approval from the Trustee.

Investment Manager
Permodalan Nasional Berhad

Financial Year End
30 September
 
TRANSACTION INFORMATION
Price per Unit
The price of Units of the Fund is based on NAV per unit that is determined based on Forward Pricing.

Form of Investment
Cash/cash equivalent

Minimum Initial Investment
RM10 via cash or cheques

Minimum Additional Investment
RM1 via cash or cheques

Maximum Investment
Unlimited

Sales Charge
5% of NAV per unit is charged to unit holder

Repurchase Charge
None

Payment of Redemption
Under the Guidelines, the payment of repurchase money is allowed to be made within ten (10) days upon receipt of repurchase request.

Cooling-off Period
Within six (6) Business Days commencing from the date of investment i.e the date on which the Manager receives the duly completed application form and the investment amount.

EPF Members Investment Scheme
None

Distribution Polciy
The Fund will distribute earnings from its income, if any, at our discretion, subject to approval from the Trustee.

Account Closure and Income Distribution Entitlement
Based on the Deed of the funds, ASNB is allowed to close the account should the balance in the account fall below the minimum investment balance as stated in the Master Prospectus. Therefore, unit holders are advised to maintain the minimum investment balance in the account at all times throughout the financial year of the fund(s), to avoid closure of the said account thus affecting future income distribution entitlement, if any.

VP is the fund that follow the NAV price. Dividend distribution in VP is equally meaningless as the NAV will drop accordingly. Sale charge (SC) the price you paid initially on the purchasing of the units. ASN SARA 2 is heavy on fixed income security, while the equity 5 is heavy on equity, mainly in KLCI.

Kindly read the fund prospectus for further information.

M-O-M for

ASN SARA 2
01/10/2018 - 1.00
31/10/2018 - 0.9962
(0.0038)
01/11/2018 - 0.9974

ASN EQUITY 5
01/10/2018 - 1.00
31/10/2018 - 0.9917
(0.0083)
01/11/2018 - 0.9958