QUOTE(fun_feng @ Aug 30 2019, 04:18 PM)
patience...Ultimate Discussions of ASNB Fixed Price UT, Magical UT only in Malaysia
Ultimate Discussions of ASNB Fixed Price UT, Magical UT only in Malaysia
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Aug 30 2019, 04:21 PM
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#41
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Aug 30 2019, 04:47 PM
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#42
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chill guys, no need to be worked up over such small things.
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Aug 30 2019, 09:54 PM
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#43
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Sep 2 2019, 01:59 AM
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#44
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QUOTE(abcn1n @ Sep 2 2019, 01:35 AM) Thinking aloud. I wonder how well will ASNB FP funds perform for future financial crisis.When Zeti took over, I remembered feeling that she was pretty conservative from an article that I read and thus, expected returns would be lower. (even if market stays the same due to her 'conservative style'). However, was still hoping that it would still be be 5.5% for ASM2. Certainly didn't expect it to be 5%. (Reason: Even though market dropped the past year, $ can still be made by trading stocks besides earning dividend.) https://www.thestar.com.my/business/busines...to-unit-holders From thestar article : 11 months net profit = $760m 11 months gross income = $979.5m [breakdown: profit from sale of shares= $231.05m or 24% dividend =$569.48m or 58% Sukuk/FD/Fixed income instruments =$178.98m or 18%] The Sukuk/FD/FI interest tends to be lower, so to even get 18% of total gross income, a fair chunk must have been put into it, which will drag down overall profitability. Dividend as usual tends to be higher than FD interest. Profit from sale of shares --most likely most of it came from trading stocks. Difference between gross and net income is $219.5m or 22.4% ($219.5m/$979.5m). Anyone knows whether ASNB calculate the 'paper loss' of stocks still being held? If so, then it should be part of the $219.5m right? If not, then cost of running ASNB (ie salary etc) is $219.5m or 22.4% of gross income I expect lower rates to come in future years as USA market is not even in recession yet. Thanks for the below . 1997 asian financial crisis - ASW2020 (ASM2) declared 10.10% return 2008 global financial crisis - ASW 2020 (ASM2) declared 7.00% returns while ASM declared 7.80% return |
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Sep 2 2019, 10:04 PM
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#45
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sleep well tonight and start fishing tomorrow
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Sep 3 2019, 10:17 AM
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#46
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Sep 3 2019, 10:28 AM
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#47
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Sep 3 2019, 10:50 AM
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#48
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Sep 3 2019, 11:15 AM
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#49
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Sep 3 2019, 01:53 PM
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Sep 3 2019, 02:03 PM
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#51
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Extracted from the comment section of KCLau's website
QUOTE "what make it possible for ASNB to offer such attractive (i.e., with always more than average return) fixed-pricing unit trusts; and why all other fund houses are unable to offer the same product?" And also, I am not able to find such fixed price funds in other countries, only Malaysia offers this kind of fixed price fund, which is near risk-free. Why is that? |
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Sep 4 2019, 09:30 AM
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#52
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high probability of default though, 7% coupon rate eh
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Sep 4 2019, 09:42 AM
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#53
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Sep 4 2019, 10:56 AM
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#54
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Sep 4 2019, 02:27 PM
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#55
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Sep 5 2019, 08:44 AM
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#56
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Sep 5 2019, 08:53 AM
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Sep 5 2019, 09:04 AM
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Sep 5 2019, 12:28 PM
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#59
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people will sell as long as they need money la dei, so it boils down to your luck actually.
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Sep 5 2019, 12:35 PM
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#60
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QUOTE(iRebels @ Sep 5 2019, 12:31 PM) both hardworking and luck come hand in hand.if you are hardworking, it means that u position yourself well when the luck comes. if you not hardworking, sometimes luck comes to you but you not in the position to grab it. so, be hardworking and wait for luck to come. |
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