yea bond ETFs dividends are around 1-2%.
there's a chance to grow the investment, though really small even after many years.
also a risk to lose some % of original capital if it goes down.
Plus side is the ETFs we buy are in USD.. so can hedge against MYR if somehow our Ringgit drops in value further.

If invest in Stashaway Simple or Versa, plus side is there's no such risk of losing capital.
Downside of Versa is it is denominated in MYR
SS in USD, but downside is 3-5days to withdraw.   

In the end really depends on one's preference. 

For now with so many stocks and ETFs on discount.. I rather put money in those first. 
Once they start going up a lot then it is time we start putting more money in these bonds / MMF.

If older 60 yrs old + then good to focus more on FD, MMF, Bonds etc (at least 60% or so of portfolio) since we can't take as much risk to see market drop 30% or more in a month. REITs, good dividend stocks will then be the focus.. those defensive type stocks or ETFs (for remaining 40%). For older people keep add more FD, MMF, Bonds etc according to age.

If sick about to die then just sell everything and put in bank, ready the will to distribute to kids/charity etc. Can't bring money to grave. 
(Just a suggestion I'm no financial expert here.)

I wonder if investing is ASNB is also a nono for Bogleheads, because its primarily in MY market even though its fixed price..