Just fyi only,

even 1997/98 Crisis ASM is giving dividend still.

Dividend ASW 2020 ASM AS1M
1997 10.10 - -
1998 9.80 - -
1999 8.20

Not arguing or anything here.

I also can argue that US might default. There is still the risk that the payout is less than inflation even if they do. Historically speaking it has been low for a long time now and only recently they raised it a bit.

I also can argue that US is run by the biggest key and you are not better served.

I also can argue it is less liquid than crypto if want to argue for argument sake. Casting money to the sea, there is no guarantee ANYWHERE.

Nowhere in my statement compares ASM to US Bond but I'm just replying to your statement that says everything else is bullshit.
In 97 and 98, ASW2020 remained at MYR1 and also ASB as well. It would take a lot of movement to shake this, the armageddon which you try to imply.

I would say both instruments have their uses.
As matter of fact even though I have a substantial sum in ASM, and if its worth saying, I have even more in US Treasuries, both in short term notes and long term bonds.

But there are certain use cases which can be considered. Example
You really want to reserve a certain amount of your extremely liquid cash in MYR. And you want it almost electronically unhackable for big sums.

I will say ASM is very close to that.
It is far safer than a CASA which is prone to electronic hacking. ASM cannot be in bulk (>MYR10k) in an instant electronically. You'd have to go face to face.

It is also safer than actually selling the US Bond on secondary market because there are quite a few ways to do sophisticated hacking of online brokers. If you make your broker hardened, example use a personal broker then the costs are quite high and also you need to wait extra days or 1 week to cash into your bank account.

Even EPF app / electronic means can be sophisticatedly hacked through increasing the withdrawal limit etc.

seriously what's your problem ya ? 

Our money, our choice. How is that your business ? 

This also applied to every market u investing, as long it hit the scenario mentioned all investment will failed.

Good day unker, you are technically not wrong, if you wanna be technical. On the other hand, the other investors here are also not wrong too, because it is published as fixed price fund in the prospectus. If they buy and sell at the same price, technically it is as close to risk free as it can get.

I genuinely wish you well and hope you make better returns than the investors here in ASNB funds. I also wish the ASNB investors well for the returns they will eventually make, for the meager risk they are taking. Peace

Everyone has their own investment allocation.

I remembered Unker previously talking no other investment needed except all-in EPF (when there are other forumers like Ramjade Hansel changing out of MYR to other currencies for investment) to sudden 180 view to withdraw all EPF to dump all to USD bond (meaning you also converting to USD when it was higher compare to the so-called naive "young man"). Now you are asking to invest in USD bond instead of ASM.

There are people who already got their oversea investment allocation, thus, no longer needed so dump their spare money into EPF/ASM and I don't see that as problem. These are the vehicles where you can cash the dividend out locally and spend in Malaysia.

Does anyone have past records on how often ASNB increase fund sizes?

I have a feeling that they keep increasing their fund sizes aggressively in recent years, last year happened to ASM2 or ASM3.

ASM1's asset is about 29.3 billion MYR as of 1st April 2025. A 5 billion MYR increase means the fund size will increase by 17%. And they must earn at least 4-5% p.a. on this additional amount of "fresh fund" they get in. 5 billion MYR for ASM + 5 billion MYR for ASB3 Didik = 10 billion MYR...

How many projects, including kroni ones, in this country, can return 4-5% p.a. at a gigantic size of 10 billion?

I hope behind closed doors they are not turning this into a Ponzi scheme: use new money to fund old money's dividend.

Thanks for the detailed information shared.

Maybank is the single largest holding for all 3 ASM