Posted by kcchongnz > 2013-02-07 22:58 | Report Abuse

A ponzi scheme. But don't worry. Invest more. It won't collapse as it has EPF, Petronas etc to support it.

Posted by necro > 2013-02-07 23:31 | Report Abuse

thats why it price fix at RM1,imagine stock like BAT,DIGI,PUBLIC BANK,MAYBANK,KPJ whereby ASB invest long time ago price at RM.50 and PUBLIC BANK at RM2 when 2004 if asb not fix d price?how many value asb worth now?...
The best case scenario is DIGI that worth RM2.20 when 2008 at 2011 the price rocket to?.. i think u noe d answer,then 10 for 1 split,imagine u invest in 1k DIGI share which RM2200 then its value now RM50K not including dividen...
Asb although look as bumis tools to achieve financial freedom are not well used by bumis plus not forget other race GOT AMANAH SAHAM 3IMBANG,1MALAYSIA,WAWASAN 2020 which i5s dividen return as same like asb
I want to share one fund that outperform ASB which is AMANAH MUTUAL BERHAD its give 9cents dividen last year per unit,try check it price today!
among its stock is Gamuda,igbreit,gasMY,PBBANK,MAYBANK,CIMB..ETC
U can buy this fund when ge as its holding is in cyclical sector i mention above...
Im not pros to gov just share my experience investing in UNIT TRUST...
=)

Posted by Shane My > 2013-02-08 00:26 | Report Abuse

pros and cons in either asb or unit trust. at the end of the day, it is up to the investor to decide what is best for themselves.

Posted by arebear > 2013-02-08 00:59 | Report Abuse

Taking into example Public Ittikal fund from Public Mutual give a cumulative return of 190% in 10 years which resulting into 19% annual simle average return.

From this figure of 19% average return, i think it would be very simple for ASB to give out a silly 7% or 8% return annually which is about 50% of possible return from equity market.

Posted by necro > 2013-02-08 09:22 | Report Abuse

Yea...then why questioning why?
Better say what to do?

Posted by kcchongnz > 2013-02-08 12:51 | Report Abuse

In the long term, there is no way a unit trust, any unit trust, can beat ASB.

Posted by Shane My > 2013-02-08 14:29 | Report Abuse

I think should read the full post on my blog first before commenting. :)

Posted by PureBear > 2013-02-08 16:46 | Report Abuse

They never publish their NAV (Net Asset Value) & they give only share dividend – no cash involved, hence can’t blame others from suspecting whether they have enough NAV to support the RM1 fixed price.
The worst case scenario that I can think of:

One day in the future, there is a news leak that they only have NAV of RM0.80 per unit & this cause panic selling or redemption of the fund. Quickly they stop the redemption & ask the government to bail out. However, government also broke due to many year of budget deficit & high debt & cannot help. So they have to liquidate the fund & pay the investor the real NAV rather than the RM1 fixed price!

This is my imaginary worst case scenario, lets hope it will not happen!

Posted by angel123 > 2013-02-08 20:17 | Report Abuse

The NAV price will perhaps be known when barisan looses in the GE

Posted by King Kong73 > 2013-02-09 20:44 | Report Abuse

barisan will never loselah..accept it and move on.