Can you guarantee asb dividend will stay above 6 when it's been decreasing for the past few years? You'll get your answer there...

Nobody knows. Because we don't know what the net-asset-value of the fund is. We know that there are 155billion units in circulation as of 31st Dec 2018 (Laporan Tahunan ASB 2018). With the fund units being fixed to RM1/unit, you are looking at RM155billion NAV correct? But that is not how ASB works, because we do not know what their NAV is.


Figure 1. ASB outstanding shares

This is very different than how other unit trust funds work, such as the variable ASNB funds and other funds sold by Public Mutual and the other UTMC. The price per unit, or more accurately the NAV/unit, is updated every day, if all units are sold off, there should be enough funds (NAV) to be liquidated for the depositors - that would take some time (usually T + 3 to 5 working days), but that can happen, logically.


Figure 2. Breakdown of the fund holdings based on industry. No mention of Net Asset Value.

This is a very good academic question, but something I cannot find the answer of. I know a few people in PNB but I fail to extract anything from them. Some people should know, but none of them have talked to me yet. 

I suspect the reason ASB2 has not been open for financing is because their reserves are low, or their NAV is actually lower than the total value of the outstanding units. This is just a speculation; but other funds would love getting as much new investments as possible.

As mentioned before, it is NOT illegal for funds to give out distributions even when the NAV shrinks, because the NAV and NAV/unit would be reflected immediately after the distribution.

But ASB2 is a fixed-price fund, we do not know its NAV/unit, because we don't know the NAV. We only know the price per unit (which is RM1/unit) but that is not reflective of its NAV/unit (as opposed to other, more transparent unit trust funds out there)

Could it be possible that the actual NAV/unit is lower than RM1/unit? Sure. Then in that case you are over-paying for the unit.

Ha camna? Dah takut? Hahahaha

Will the ASB account will be affected?
I mean the 200k certificate and the dividend.

Maybe 6.00 + 0.25

i do have insta, will add him but doubt he'll add me back given the attention he has garnered recently

But thanks for sharing the contact, will act accordingly
If anyone plans to cancel their ASBF, it is best to apply for cancellation now:

a. the bankers will be even more overworked from 2nd Jan onwards
b. even if you apply now, and the bankers have done their part, no unit redemption will happen until 2nd Jan 2020, but you would cut the queue from the banker's side

Just insist on cancelling it if you wanted to. Here is what I would tell my refinancing clients that need to canel before the new funds would be disbursed:

1. Fill up the form
2. Hand over the form to the counter/banker and have them stamp a received-date
3. Ask to take a picture of the form. If they deny, tell them it is for your own record
4. Take their name and number (office)
5. Tell them that you will follow up with them within a week

This will get them to do their work. I know a lot of bankers that would keep these forms on the side. The same bank can have widely different ASBF cancellation timeline.