bro is you are late
not false info

L
Your definition of unlimited units please?

The only unlimited fund is ASB1... Because there's no fund size for it

Others all got fund size...

And EPF... No size limit for them too

I think they were referring to the individual limit, not the fund size.

More like a misunderstanding instead of false info tbh.

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Hello guys

Wonder if we can discuss about the valuation of ASM Funds.

As a newbie, I had a look at ASM Annual Report for 2024. I wanted to know specifically if the Fund is marked to market for equity holdings, since equities make up a huge 76% of Assets, and there was
RM28bn units in issue as at 31MAR24.

Using Google translate, this is what I get, in English:

Quoted Shares, Unquoted Shares, Loan Shares/Warrants, Real Estate Investment Trusts ("REITs") and Unquoted Collective Investment Schemes

Investments in quoted shares, loan shares/warrants, REITs and unquoted collective investment schemes are stated at cost less any permanent impairment allowance. Cost is determined on a weighted average basis. Any permanent impairment allowance is recognised in the statement of profit or loss.

By this statement, I take it that M-T-M accounting is not practiced?

I also don't see anywhere the definition of Permanent Impairment Allowance.

The NAV per unit is also not disclosed.

Please correct me if I have missed seeing these items. I just read quickly  .

In a nutshell, under stress conditions, e.g. sudden mass withdrawals, we have no idea if ASM's assets could realise RM1 per unit. Does PNB and/or the government backstop potential massive cash withdrawals, and guarantee that we will be able to take out our capital at any time without loss?

The other issue is their ability to pay dividends depends on the profits and dividends of the companies invested in. Which can be badly affected by stock market crashes. Currently the market is super bad, and no idea how long it will be depressed. Dividends for ASM2 (AUG24) and ASM3 (SEP24) may be affected, as may ASM dividend for 2025?

With uncertain returns, I think we can't say that ASM is directly comparable and better than FD, but the past 2 years it has indeed outperformed FD!  . In future, dunno....

Ahh OK, I got what you mean. IIRC sweatpea123 is quite a whale. I remember seeing her previous transactions screenshot, all in tens of thousands which is mindboggling since I've always thought that people will not release that much in one shot & at the same time, you still have to compete against others who kept trying their luck with lower number like thousands or hundreds.

I am not okay with high risk investments so I will skip that and focus on ASM funds + EPF

Just hopefully ASM funds can float at 5% and EPF at 6%

Sad that the hope to see them slowly growing back to higher % will most likely not gonna happen

Like nexona88 said, be positive

Now only going into end of Q1

3 more Qs to go and anything could happen, although unlikely

5% dividend,  partly contributed by Reserve $$$ from past years...

If Purely from FY25...  Probably around 4% dividend only or less...

Just as I predicted on the spot 🥳🎉

This weekend buy jackpot lorh 😋🔥🤑💵

may i know the payout normally u guy take out or just keep inside?
ex i got 10k last year, after this year payout i got 10.5k, next year payout will count 10k or 10.5k?

Hehehe

Endless possibilities

System overload see so much transaction by members  craziness buying up ASM

System still not really stable yet...

My account balance is Zero ooh....

But I bought ASM funds today....

Really weird....

ASM 1 sold out yet again....

Other 2 still got

Nah, I camped at 2am. By the time I finished my bullets, there were still tons of units available. Acah2 try RM30k,100% success rate.

ASM1?

All habis liao
Too late , thought can buy tonight 🫣