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 Ultimate Discussions of ASNB Fixed Price UT, Magical UT only in Malaysia

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beLIEve
post Dec 31 2019, 02:08 PM

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QUOTE(ikanbilis @ Dec 31 2019, 02:06 PM)
New table calender 2020 from ASNB  biggrin.gif
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despite putting in so much efforts to buy ASM123, I got bupkis only
beLIEve
post Dec 31 2019, 02:10 PM

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QUOTE(wild_card_my @ Dec 31 2019, 01:42 PM)
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
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ahh yeah i remember your explanation. i just dividend so that the general population understands.

i guess ASN tries their best to keep everyone happy. if they do a 0% stunt, many will just withdraw and it'll cause them some cashflow problem
vanitas
post Dec 31 2019, 02:14 PM

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QUOTE(beLIEve @ Dec 31 2019, 02:08 PM)
despite putting in so much efforts to buy ASM123, I got bupkis only
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If you really want the table calendar, you can request for it via email afaik.
ikanbilis
post Dec 31 2019, 02:15 PM

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QUOTE(beLIEve @ Dec 31 2019, 02:08 PM)
despite putting in so much efforts to buy ASM123, I got bupkis only
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Every year ASNB will post to me a table calendar. Perhaps it’s due to i have been investing with them for more than 20 years blush.gif
beLIEve
post Dec 31 2019, 02:15 PM

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QUOTE(vanitas @ Dec 31 2019, 02:14 PM)
If you really want the table calendar, you can request for it via email afaik.
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ahh yeah that's what i was told. i thought qualified people will get it automagically without asking mah
wild_card_my
post Dec 31 2019, 02:30 PM

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QUOTE(beLIEve @ Dec 31 2019, 02:10 PM)
ahh yeah i remember your explanation. i just dividend so that the general population understands.

i guess ASN tries their best to keep everyone happy. if they do a 0% stunt, many will just withdraw and it'll cause them some cashflow problem
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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. rclxs0.gif whistling.gif

This post has been edited by wild_card_my: Dec 31 2019, 02:31 PM
samuraix79
post Dec 31 2019, 03:28 PM

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QUOTE(beLIEve @ Dec 31 2019, 03:15 PM)
ahh yeah that's what i was told. i thought qualified people will get it automagically without asking mah
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Last year I remember someone posted a website showing design of new calendar, so always thought HNWI get different calendars than normal investors biggrin.gif
Year end get nothing from the hunt, the pool so so so dry. I think this past 1/2 year didn't even get 5 digit in total bangwall.gif

P.S. suddenly got ASM2 hah hah, really must complain then only can get units rclxms.gif

This post has been edited by samuraix79: Dec 31 2019, 03:33 PM
beLIEve
post Dec 31 2019, 04:15 PM

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QUOTE(wild_card_my @ Dec 31 2019, 02:30 PM)
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.  rclxs0.gif  whistling.gif
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i thought as they make profit throughout the year, NAV/unit increase but not reflected because of the fixed price nature. distributing them units brings it closer to $1/unit


QUOTE(samuraix79 @ Dec 31 2019, 03:28 PM)
Last year I remember someone posted a website showing design of new calendar, so always thought HNWI get different calendars than normal investors  biggrin.gif
Year end get nothing from the hunt, the pool so so so dry. I think this past 1/2 year didn't even get 5 digit in total  bangwall.gif

P.S. suddenly got ASM2 hah hah, really must complain then only can get units  rclxms.gif
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i thought HNWI gets to join ASN Premier league. semi HNWI gets the calendar. LNWI gets error 068
PrincZe
post Dec 31 2019, 04:17 PM

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QUOTE(ikanbilis @ Dec 31 2019, 02:06 PM)
New table calender 2020 from ASNB  biggrin.gif

[attachmentid=10385385]

[attachmentid=10385386]
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Do nice, how to get
wild_card_my
post Dec 31 2019, 06:03 PM

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QUOTE(beLIEve @ Dec 31 2019, 04:15 PM)
i thought as they make profit throughout the year, NAV/unit increase but not reflected because of the fixed price nature. distributing them units brings it closer to $1/unit
i thought HNWI gets to join ASN Premier league. semi HNWI gets the calendar. LNWI gets error 068
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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
beLIEve
post Dec 31 2019, 08:26 PM

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QUOTE(wild_card_my @ Dec 31 2019, 06:03 PM)
I am quite sure this applies to the other fixed price units
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Yes, this was brought up by some elders before.

The only comfort is that PNB-ASN is like semi-government. Otherwise I won't get in.
SUSTOS
post Dec 31 2019, 08:31 PM

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QUOTE(PrincZe @ Dec 31 2019, 04:17 PM)
Do nice, how to get
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Ya, me too. Never receive anything from them before.

PNB-related news: https://www.thestar.com.my/business/busines...lil-as-director

KLCI bled a lot today...

beLIEve
post Dec 31 2019, 09:26 PM

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QUOTE(TOS @ Dec 31 2019, 08:31 PM)
KLCI bled a lot today...
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yeah woh. i thought window dressing will push it up
beLIEve
post Dec 31 2019, 10:17 PM

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QUOTE(thesoothsayer @ Dec 31 2019, 07:53 AM)
Yeah, it's hard to get. I'm giving up on this also since the effort doesn't seem worth it.

I'd just cut back on the celebrations cost instead. This has the advantages of compounding interests and better than FD still.
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actually, if you look on a daily basis, it's hard to get and not worth. But if monthly basis, seemed ok. As long as you put in long term.
SUSoro100
post Dec 31 2019, 10:48 PM

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QUOTE(PrincZe @ Dec 31 2019, 04:17 PM)
Do nice, how to get
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if u invest more than 500k across multiple funds with PNB, then u will get 1
wild_card_my
post Dec 31 2019, 10:56 PM

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

I guess this is good, less frills. No need to waste on unneeded costs
moosset
post Dec 31 2019, 10:57 PM

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possible to introduce a new fund called Wawasan 2030? brows.gif
moosset
post Dec 31 2019, 10:59 PM

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QUOTE(wild_card_my @ Dec 31 2019, 10:56 PM)
yeha. but kinda funny that Public Mutual, CWA, (UTMCs) all give you Gold status, starclub status and loads more than some flimsy calendar...  laugh.gif

I guess this is good, less frills. No need to waste on unneeded costs
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eh, public mutual gives gold status?? what kind gold status? You mean like gold status in hotel loyalty programme, frequent flyer programmes? I didn't know.
wild_card_my
post Dec 31 2019, 11:00 PM

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QUOTE(moosset @ Dec 31 2019, 10:59 PM)
eh, public mutual gives gold status?? what kind gold status? You mean like gold status in hotel loyalty programme, frequent flyer programmes? I didn't know.
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Yeap, something like that. To make you feel exclusive a bit la. You spent so much money on the sales charge
beLIEve
post Dec 31 2019, 11:01 PM

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QUOTE(wild_card_my @ Dec 31 2019, 10:56 PM)
yeha. but kinda funny that Public Mutual, CWA, (UTMCs) all give you Gold status, starclub status and loads more than some flimsy calendar...  laugh.gif
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I don't know all of these funds, but Public Mutual charges commission right? So status is indirectly paid with commission.

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