Latest Malaysian Unit Trust – Amanah Saham 1Malaysia
Our Prime Minister Datuk Seri Najib Tun Razak gave Malaysians a surprise after being the Prime Minister for 100 days. He announced that government agreed to launch another new fixed price unit trust fund Amanah Saham 1Malaysia sooner.
This 1Malaysia unit trust fund size is RM 10 billion and open to all Malaysian aged >= 18 years old. This time, the amount allocated should be generous enough, right? Thus, try to grab this opportunity…
I have a great interest on Amanah Saham 1Malaysia and hopefully that the returns are as good as Amanah Saham Malaysia and Amanah Saham Wawasan 2020. I think it would be better if Amanah Saham 1Malaysia can be strictly controlled to ensure that the shares only reserved for medium and low-income earners. This is to encourage poorer community take more benefit of it.
Any Allocation of Amanah Saham 1Malaysia for the Racial Quota ?
Since the fund itself is called 1Malaysia, so there shouldn’t be any racial quota? How do you think? I am the one who is strongly support for a united Malaysia, so hopefully that the government should not give any racial quota on it.
Why it is Great Time to Invest in 1Malaysia Unit Trust?
Most of the Malaysians looking forward to unit trust as a means to help them in their financial portfolios, especially when the interest rate of fixed deposits are fast zooming south.
The Limitation of Amanah Saham Malaysia
It does depend on your luck. You may not have chance to invest even you had a long queues at the participating financial institutions due to the all units sold out in few hours. So, can anyone blame the frustration from the unsuccessful application?
Personally think that the government should come out with a better system for Amanah Saham Malaysia issues in future.
What We Can Do Now?
Get Ready With Your Money and Waiting For Good News !!!
More information will be announced soon or wait for the official announcement from Permodalan National Berhad for details as they are planning to launch new products in timely manner in order to encourage Malaysians to invest.
July 16th, 2009 at 12:28 pm
I think there will be long queues for this one.
July 17th, 2009 at 2:16 pm
With this announcement… It’s time to enter the stock market yourself. Government is using our money to invest. And only give back little while they earn a lot. So better do our own investment.
July 19th, 2009 at 2:08 am
I find the earnings form ASW2020 and ASM getting worse each year. It was really good in the beginning but not anymore. However, still better than putting your money in the bank : )
July 22nd, 2009 at 1:07 am
Anybody know roughly which month it will be launch out?
is it capital guarantee as well as asw & asm ?Any maturity period ?
July 24th, 2009 at 8:53 am
already anounced , within the month of july ..maybe next week
July 26th, 2009 at 2:21 pm
it will be a long quece oso. really dunno is there any easier way to get it success? i heard that rural area will b easier. good luck for all of us.
July 27th, 2009 at 1:57 pm
Do u know when is d As1m launching?
July 31st, 2009 at 1:02 pm
5 Aug 09
July 31st, 2009 at 11:38 pm
who so free to queues? no need to work n rest ah
August 1st, 2009 at 10:32 am
So everybody get yr money ready and standby on 5 aug. max up to 50k
August 1st, 2009 at 12:56 pm
but capital/princple
is not guaratee.
August 1st, 2009 at 5:38 pm
really? but, asw & asm was capital guarantee wo.
August 2nd, 2009 at 8:55 pm
really!!I was ask the bank alrealdy..
August 3rd, 2009 at 9:19 am
Check the annual report on http://www.pnb.com.my/ OMG last year the holding of ALL the funds are about negative 22% plus some of them even -32% and all of them still declared 5%+ dividend. In any other countries we call it “Ponzi Scheme”. When you pay out the dividend by using money not from profit how long can you last - in my calculation maximum about 12 years.
August 3rd, 2009 at 4:06 pm
From the prospectus, it mention that “The price of AS 1Malaysia unit is fixed at RM1.00. However, AS
1Malaysia is not a capital guaranteed fund as defined under the
Guidelines.”(page 6 at http://www.asnb.com.my/english/Prospectus%20-%20AS1M.pdf ).
ASM is confirm capital guaranteed? I’m new to all this funds.
August 3rd, 2009 at 9:59 pm
Thank you so much for reminding that the AS1M is not a capital guaranteed fund, cadmus.
Does it mean possible we may not get back our money?
August 3rd, 2009 at 9:59 pm
I am ready to purchase.I had enquired this from Maybank this afternoon.The anwser was,they have not gotten instruction yet.Today is 3rd August, day after tomorrow is the launching day.So PNB are you ready?What are the banks as agents.You Don’t expect me to carry cash of 50k walking around town on that morning.Don’T you?
August 4th, 2009 at 8:41 am
Hansik,from my understanding of that statement, it’s just like other non-capital-guaranteed mutual funds.
I belief you can still get back your money if they don’t screw up. Probably that statement means “if i screw up, i won’t pay for my screw up”.
August 4th, 2009 at 1:21 pm
Check the annual report on http://www.pnb.com.my/ OMG last year the holding of ALL the funds are about negative 22% plus some of them even -32% and all of them still declared 5%+ dividend. In any other countries we call it “Ponzi Scheme”. When you pay out the dividend by using money not from profit how long can you last - in my calculation maximum about 12 years.
if they cannot declare at least 5%to share holders you think still got people want to invest..and everyone will withdraw the money at the end ..you cannot see this ASNB anymore..who knows end up like AIG .
August 4th, 2009 at 1:24 pm
it’s very risky if there is no capital quaranteed by government like the rest ..this time the target is more aim to chinese ..so just beware of the trick .
August 4th, 2009 at 8:42 pm
bank also charges 1% fees for selling the unit and 1.5% management fees..
August 5th, 2009 at 1:29 pm
for the non bumis, please don’t invest in this fund. it is clearly no different from the other unit trusts out there now if you look carefully, except that the fund managers come from PNB (controlled largely by the bumis). and yes, i agree with David, they are targeting the chinese this time
August 5th, 2009 at 4:03 pm
I found out this morning that AS1M not capital guaranteed. I think Press and PNB very irresponsible by giving public the impression that AS1M is similar to AS Wawasan and AS Malaysia. The omission to inform public that this AS1M is not capital guaranteed is a major misrepresentation.
August 5th, 2009 at 7:13 pm
I’m Bumiputra Sabah. Have ASB. Return quite good but not as good as previous years lor. But for Non-bumiputera, I think you all should look into ASN3 as I am not sure if y’all know that non-bumi can apply for that one. It’s like buying Unit Trust from Public Mutual, prices also based on NAV/NAB, but I think it’s worth it.
August 5th, 2009 at 7:15 pm
Here’s the Amanah Saham Nasional 3
link
http://www.asnb.com.my/asn3.htm
August 6th, 2009 at 9:17 am
what is the advantages of as1m ah??
August 6th, 2009 at 1:40 pm
my family ask me to widthdwaw, i just purchase this morning, so how. fell blu
August 6th, 2009 at 4:10 pm
My view is that this is a legal Ponzi scheme, targeting chinese investors to help ASN investments.
ASN, mostly bumis, shares had been screwed up by the market downfall and cant pay much of dividen, so it was a brilliant idea to transfer the old shares to 1Malaysia fund at higher price thru market.
When 1Malaysia fund had been fully utilised and foreign fund still not coming to our market, 2Malaysian fund at another RM20 billion will be open to public to support the earlier funds.
A brilliant Ponzi scheme, for further info ask Madoff.
August 6th, 2009 at 7:31 pm
Refer to Yap Mei Keng,
“I think Press and PNB very irresponsible by giving public the impression that AS1M is similar to AS Wawasan and AS Malaysia.”
Ya, 100% agree. Especially for the 1st time investor, they will thought the AS1M is also the capital guaranteed fund as ASM & ASWawasan.
August 7th, 2009 at 10:14 am
Amy, since you already bought it.just see what is the interest in next year. unless you need money for something urgent . me too ,just bought it on 05Aug.
August 7th, 2009 at 12:37 pm
Amy, David,
I also bought it on 05Aug. Quite regret now, and think about the redemption.
Checked od, 30 days from the date of launching of the Fund, no redemption is allowed during this period. If wanna redeem back the invested money need to wait after the launching period loh.
August 7th, 2009 at 4:00 pm
s2y , how much you bought ?
i bought 50k ,regret now too .you check with which branch say that must wait 30 days after launch then can redeem..then any charges ? 1% ?
August 7th, 2009 at 4:16 pm
david, i bought not much as u, 20k. actually i did not check with the branch, i only checked the prospectus. U may check thru this website : - http://www.asnb.com.my/english/Prospectus%20-%20AS1M.pdf
it mentioned that there is no any redemption charge, but i don’t know whether they will charge for any management fee or not…
August 7th, 2009 at 5:08 pm
david n s2y, actually it’s not work it to invest coz d int r very low. i don know this AS1M got cooling period o not? it means for the first time investor could ask for a fully refund within 6 business day.
August 7th, 2009 at 8:17 pm
chin, the cooling off period is Nil as shown in the prospectus.
next time must read the prospectus properly b4 invest….
August 8th, 2009 at 1:12 am
i’m a financial planner. i got a 12yrs saving plan. u save for only 12yrs and u withdraw money annually for the rest of ur life. email me at kflai5@hotmail.com to find out more fr me. this plan oni available till end of this moth (aug 2009)
August 8th, 2009 at 9:26 am
To Lai, anything is possible but pls tell me the effective rate of return.
August 8th, 2009 at 4:48 pm
Reply to smart(David Lee),
Thx for ur reply.
I’ve just send u a brief illustration on my 12yrs saving plan to ur mail(info@imdavidlee.com)
I hope u received it or u can email or call me personally @
kflai5@hotmail.com
August 10th, 2009 at 3:51 pm
Hi David,
I need to know more about your 12 years saving plan. please send more information.
August 11th, 2009 at 7:51 pm
To:Pam
I’m the want who proposed this 12yrs plan to u all.
Whoever that are intereted to know more about this plan, plz email me personally (kflai5@hotmail.com)
i will send the info to ur personal email about this saving plan.
*REMINDER:THIS PLAN ONI AVAILABLE TILL END OF 28TH AUG 2009
August 11th, 2009 at 10:20 pm
To Lai,
I m interested in 12 yrs plan. pls send me the info.
August 11th, 2009 at 11:44 pm
To Lim & Others
Please send me or let me know ur personal… email @ddress….
Mail me at kflai5@hotmail.com
I will send u my info to ur personal email ONLY!!!
Bear in mind once again that this saving plan is only available till end of 28th Aug 2009..
I’m serious n not joking
Reply to my personal email ASAP
August 15th, 2009 at 9:03 pm
Greetings All,
For those who are interested in my 12 yrs saving plan, I’ve already sent out the relevant informations for your reference.
Once again a reminder for you all that this account is only available until the 28th August 2009.
Reply me asap if u are really interested.
Thx
August 16th, 2009 at 11:07 am
1) If the bank charges 1% and the management funds is 1.5% then the total will comes up to 2.5%.
2) Since this AS1M didnt guarantee any fix interest percentage …. it only give an indications of 5% to 6% interest … so lets we take the good side of it:- the 6 %. 6% minus 2.5% then the actual interest is only 3.5 %. By today interest rate at most of the Bank is around 3%. So it dont makes any different. To me personally, bank is a better place to “invest” because we are very flexible to put in terms of durations… meaning either we can put 1 month, 3 months, 6 months or anually type of fix deposit durations. Why let be “fixed” by the fix deposit by AS1M ?
3) As i agreed with fongpc, Awake and david. It’s more like a ponzi scheme …. using the present depositor monies to payback those previous mature depositors.
August 16th, 2009 at 3:42 pm
really got 2.5 charges in AS1M? I really regre to bought it.
Did gov. clearly mentioned it early the time this fund is launch ? Why no big reaction fr the public ?
Is now the fund finish bought by public ?
August 19th, 2009 at 10:55 am
One observation I have on the AS1M is the difficulty to obtain the prospectus for it. And strangely, I find that the non-bumis in general went queuing up in long lines from the early hours to buy the fund. When I ask all these potential investors, have you read the prospectus, almost 100% said they have not. I am wondering why people these days are so careless. Do you shove your hard earned money without finding out first more about it? Go read the prospectus. Do your homework and from there you have your answers if the fund is capital guaranteed, or have management fee, etc etc. Don’t act out of greed alone.
August 25th, 2009 at 2:41 am
Hmm, the Chinese allocation always sells out very fast. But if what you guys say are true, i don’t get why so many ppl simply rush to buy it? I think its a different investment tool to that offered to the bumis.
Infact I believe I can offer a better alternative if anyone is interested in a low risk investment that yields about 15%p.a. (thats about doubling your money in 5 years) Feel free to drop me a mail at (nkweng@hotmail.com) if you wish to find out more.
August 26th, 2009 at 12:10 am
Hi ladies & gentlemen
i am undecided now after reading yr comments; whether to buy or not. after learnt that grabs for the last ASM whatnot, i kiasu thought buying some ASM & hv applied leave this Thurs/ Fri.
never invested in shares. shd i buy a reduced amount from my original plan or not to buy now?
March 21st, 2010 at 7:57 am
Nice post, intresting read. Keep posting and I’ll come back for some more reading! Thanks!
April 30th, 2010 at 10:23 pm
In my an opinion As 1 Malaysia is quite better investment because the capital is guarantee unchange and the interest will be given 4% or more very year.
May 11th, 2010 at 3:27 pm
AS1M for the Chinese sold out aldeady. You want also dont have. Sorry !
September 24th, 2010 at 4:33 am
Wow! Well done at 6.38% dividen.
September 24th, 2010 at 2:10 pm
haha!!! finally we c the result…
October 5th, 2010 at 8:04 pm
wtf….who can teach me how to count for AS1MALAYSIA???
they announce that the dividen is 6.38%.but the interest i get is just about 5%.i wonder whether my math is too bad or the accountant of malaysia is so useless….
October 6th, 2010 at 8:04 pm
how much you buy and how much interest do you get
January 9th, 2011 at 6:13 pm
I think the best investment for me is public mutual bcoz dividend is more than ASB which is 10%,if you ant to know the details,just contact me,(kmah_biz@yahoo.com)
January 23rd, 2011 at 11:11 am
hi can anybody give suggestion its better i invest in public mutual or as1m??? and y?
January 25th, 2011 at 11:37 pm
i suggest that you invest in public because it is good and more dividend than as 1m,this is my opinion,if you want to know detail about it,you can click this link and compare between two this unit trust…public mutualhttp://www.publicmutual.com.my