No problem man. We all learn everyday. This is why I do not understand those who are eligible for ASB, but never maximized it, even though there financing facilities available, of which has lower rates than the ASB return

It depends on the term maxed out. DSR between banks and between financial products differ from one another

DSR for MBB mortgage is 70%. DSR for ASBF for a certain bank is 90%

Or you can ask me. ASBF is my bread abd butter

Yes, it applies to ASB2 as well. I am quite sure of it as I saw it in the prospectus.

Mohon maaf if overlooked this though, I know about this because I am an ASB Financing broker, so it is my business to know about these technical issues, but it has been a while since ASB2 was opened for financing, so I might have missed that.

If you already have 200k (financing or cash) in your ASB2, good for you.

So much trouble

its like a drug transaction. "You give me the cash Ill give you the briefcase!"

These are fixed-price funds right? Sorry I am only largely familiar with the ASB1,2, and 3

But if they are fixed-priced funds, it is likely that they can "manipulate" the distribution-rate, unlikely that they will give better returns than ASB1 and ASB2 (coming this April 1st). This is because the distribution given does not change the NAV/unit price, it remains to be RM1/unit

Unlike variable price funds, where the NAV/unit price would change according to the distribution/unit paid out.

Yeap, they don't.

However, the distribution, by nature can be determined by the fund manager however he likes. He even has the rights to give 0% despite the performance of the funds. You can complain but when you signed up for the funds you agreed to that

Distribution is not equivalent to dividend. They are similar, but they are practically very different

yeah man, that goes without saying. In fact, I believe, even if they are making some losses, they would try to give some distribution so people would be happy, this happens with normal UT, but can be adapted by fixed-price UT

The problem is, the distribution given out does not correlate with the NAV/unit price; immediately after distribution is paid out of the fund, the NAV would be reduced accordingly, so the new NAV/unit price should also change. This lack of transparency can be... dangerous to say the least.

This post has been edited by wild_card_my: Dec 31 2019, 02:31 PM

No one knows. As for ASB/2, they dont tell you the number of units outstanding (units purchased by the market), so even if we know the NAV (which we do), we would not know what is the true NAV/unit

I am quite sure this applies to the other fixed price units

yeha. but kinda funny that Public Mutual, CWA, (UTMCs) all give you Gold status, starclub status and loads more than some flimsy calendar...

I guess this is good, less frills. No need to waste on unneeded costs

Yeap, something like that. To make you feel exclusive a bit la. You spent so much money on the sales charge

Almost all unit Trust Management Companies (UTMC) charges commissions. Even ASNB and their variable-price funds, at about 5.5% if I am not mistaken. Go check lah haha

ASB4? really? that's what they are gong with?

yeah and then you look at the ETF's management charge. Its very cheap. Go on, you know what to do

I only know ASB1 and ASB2 financial year ends (31st Dec and 31st March). What about the other FP funds? :

I'm an ASBF broker, well at least that is one of my many revenue channels... i care only about the funds that have (had) financing that are ASB and ASB2, because the clients will be asking about them. Once (if) ASB3 has financing available I iwill mmediate immerse myself about it, from top to bottom: prospectus, revisions, annual reports, etc.

This post has been edited by wild_card_my: Jan 1 2020, 01:04 AM

Public Mutual is a Unit Trust Management Company (UTMC), just like ASNB, CWA, MAAKL, etc. They have hundreds of funds between them, with different objectives and portfolios, and most importantly they are variable prices (NAV/unit changes everyday), so it is a little difficult to answer your question without knowing which funds you are asking about

Essentially their equity-based funds chart the market, sometimes better, sometimes worse, because the fund managers try to beat it - but the more risk you take the higher the performance variance between you and the market you try to beat

Also for variable price funds the returns you are concerned about is a combination of distributions and growth of the NAV/unit. But since the distribution is taken directly from the NAV of the fund, and most people would just reinvest the distributions into buying more units, you are looking at the same thing, you can just combine these two figures into a single percentage of ROI.

I see the contents in this thread, and I understand that ASNB doesn't need to spend much if any marketing to get people to buy their units unlike the other UTMCs.

Its good that they realize this and have not spent money unnecessarily. The ads i see online related to ASNB are simply asking us to register for ASNB online. That is it. Haven't even seen any ASNB billboards unlike CWA and other funds houses, also insurance companies

investing is not about the cost as much as it is about the potential to earn. Pretty much any investments have entry costs, like properties: legal fees, valuation fees, stamp duties, etc.

I know, but I am pretty sure he has balanced it up, between the costs of 2% vs the potential to earn from ASNB funds. Not to mention the time it takes for him to do it on his own, vs his own potential to earn (or rest, because resting is part of your life)

As long as it is not excessing, like the 5% mentioned above I think it is OK. Consider it a sunken cost and look forward to future returns