Haha. If you talk about financial liquidity then yes, it's cashable in a matter of seconds. But if you talk about liquidity of market, then no. Can sell easily, but almost impossible to buy. When talk about liquidity of market, it's a 2-way transaction (bought and sold easily and quickly).

https://www.investopedia.com/articles/basic...7/liquidity.asp

So, liquidity can mean different things. You are talking how easy it's to convert to cash, while I am talking about how easy it is to buy and sell units. But technically, this is not really a market between buyers and sellers since ASNB is the middleman and there is a restriction on units available. Yet, indirectly the buyer and seller pool can influence the amount of outstanding units at any given moment, so I guess I can still apply market liquidity to ASNB FP funds.

Pro rated dividend.. no full..

Calculate from October 2020 to August 2021...
Since 2nd onwards till end of September.. counted next month..
If u buy on 1st, then September is counted too...

I don’t think any of the VPs have been good. Would have to buy the bundle and sell the VP immediately. Discount the loss into the FP dividends.

Is it possible to sell the VP and keep the FP if buying their bundle product?

Is there any news re ASM3 dividend yet please?

I haven’t seen anything yet. It should be out tomorrow.

Yeh by hook by crook tmr have to declare / announce

Can Yayasan (foundation) invest in ASB/ASB2?

not that I know off...

mostly it's individuals bumiputera / mualaf / others "special" minority only....

Very misleading to tell people ASX is illiquid
because cant get to buy it

when people complain product is illiquid, it means wanna sell, need cash cant get cash.
here is the reverse people beg you to sell and offer you extra some more.



yes, misleading to say illiquid based on reverse reasoning.

Sorry for the late reply. Couldn't post more than 3 times because newbie.

It's ASM1. Not sure if available in all banks or selected ones. I received this info from sotong. Also not sure on the management fee part. I think they will charge it the moment sale goes through.


I am thinking of doing that too. It's tempting to hold though because financial year is 31 Dec. Thought of waiting it out to see what the first time dividend/performance will be.


Based on what I read on ASNB web, no issue with selling it. Again, have to enquire more from bank that is offering the bundle but shouldn't be an issue. Maybe you can ask and share the info here?

thanks. i learn new things

yes, u can sell it immediately if u want... which will surely cost you money

becasue there will be 5% (IINM) sales charge when u buy the VP units, so if u decide to sell it immediately, then u will lose 5%

the bundle package is usually a mixture of both VP:FP at varying ratio, but it's usually 60:40 and minimum rm 30 - 50k placement

so lets say in a scenario of 60:40 with 30k placement

u will get : RM 18k VP & RM12k FP

18k VP x 5% = RM 900 <-- this is the sales charge

if u decide to sell the next day, u will lose that much, immediately.

if got wrong calculation there, pls correct me

There are clearly business motives behind the VP bundles, for both ASNB and the banks which offer the service. Online sales charge is only 2% for VP funds, compared to OTC's 5%.

They bundle FP in because ASNB wants to lure customer to switch from FP to VP eventually. Sooner rather than later, it's us investors who have to bear the risk of market rise and fall. Banks on the other hand can earn more handsome commission from VP sales as the profit margin is higher and explicitly mentioned compared to back-end charges for FP funds sold through banks.

So, they share the same goal and thus can collaborate together to make the business work. Contrary to some members who think the VP funds are all but useless. I can point out that ASNB Sara 1 deserves some mention among all VP funds.

My mom purchased it as a yellow bank (largest market cap in M'sia ) bundled it with 8.88% FD, and she signed up anyway. (I would later realize that it's a stupid move). The charges were 5% back then. But the VP actually returns me around 5% since around 2 years ago when the purchase was first made.

High holdings in bonds (close to 60%)and bonds have attracted foreign capital and its outflow is usually much lighter than equities. It gives a stability close to that of typical FP funds and its risk profile is better adjusted than that of typical FP funds (FP funds usually have 70% in blue chips and 30% in bonds and pay 5% which is not sustainable, but Sara I have 60% in bonds and the rest in blue chips and pay around 4-5%, which is expected).

But there are other better UTs/investment vehicles out there without 2% sales charge (or lower) and can deliver better than 5%, so I have diversified the holdings since then.

This post has been edited by TOS: Sep 30 2020, 09:52 AM

someone mentioned 4% in the TG based on their kid's AKAUN REMAJA balance difference for ASM3

yes, my kids account also show 4%

ASNB must be updating their system as I am getting the 504 Gateway Time-out more than usual today.

4% is expected and still a sigh of relief for many unit holders.

2.5k asm2 web

guys, if the old asw2020 red book missing and can't find to update to the latest account serial number, where can i get a replacement book. i have not get any statement for 2 years, this year would be my 3rd year.

nowadays NO passbook or yearly statement posted to house address..

everything electronically MyASNB website/portal... just click of botton. all info available in PC or phone

for loss passbook / lack of information... best to visit ASNB office / branch... they should know all the details & balances...

banks like Maybank or CIMB also can... but doubt they can access the details with just your IC number (since u lost passbook/could be still old acc number too)...

This post has been edited by nexona88: Sep 30 2020, 04:04 PM