Amanah Saham 1Malaysia
For all you investment-savvy people or anyone who cares a little about wealth management/creation, please rise early on the 5th of August 2009 and queue up at any ASNB offices or agents namely Maybank Berhad, CIMB Bank Berhad, RHB Bank Berhad, and Pos Malaysia Berhad to purchase the Amanah Saham 1Malaysia. For first timers, bring along your IC (get it photostated as well), Borang ASNB P1 and the cash/cheque/etc. For recurring users, bring ANSB 21Form, Investment Book and the cash/cheque/etc. I am not sure if existing ANSB subscribers will need to start a new book but logic would dictate that they're merely topping up and therefore need not start any new account. However, no matter which group you are in, it is advisable to obtain the forms at the said locations before the 5th and get them filled up so that it will greatly expedite your agony on the 5th. :D
The estimated yields, according to Bernama which quoted Permodalan Nasional Berhad (PNB) CEO Tan Sri Hamad Kama Piah Che Othman, would be between 3.7% to 4.0%. This is a marked lesser than other ASNB funds which goes up as high as 6.3%. However, it is still better than the rates offered by fixed deposits at all the major banks in Malaysia.
The queues will be long and the wait unbearable, so go there early. As usual there will be a quota of 50% allocation for the Bumiputeras, 30% for Chinese, 15% for the Indians, and 5% for "lain-lain". One would think with a fund name like 1 Malaysia, such quotas would be contradictory..oh well. When it started, ANSB however did not have any quotas imposed. It was only subsequently added which I guess is to prevent certain groups from hogging the entire share. Viewed in this perspective, it is commendable as everyone deserves a share. The quest to be financially-sound is more important than ever and everyone should strive to understand and learn more.
However, there are also speculations that this AS 1Malaysia is merely another attempt to restore the coffers of the ruling elites as they have depleted them in the by-elections just gone by and also to prepare for the next general election. I think there are some grains of truth in this, but nonetheless, it is an investment opportunity for every Malaysian to buy the unit trusts to consolidate or add to their networth. Notwithstanding any political motivations or intentions in starting this AS 1Malaysia, I hope more will make use of this opportunity to invest, especially the first-timers and the rural folks.
The estimated yields, according to Bernama which quoted Permodalan Nasional Berhad (PNB) CEO Tan Sri Hamad Kama Piah Che Othman, would be between 3.7% to 4.0%. This is a marked lesser than other ASNB funds which goes up as high as 6.3%. However, it is still better than the rates offered by fixed deposits at all the major banks in Malaysia.
The queues will be long and the wait unbearable, so go there early. As usual there will be a quota of 50% allocation for the Bumiputeras, 30% for Chinese, 15% for the Indians, and 5% for "lain-lain". One would think with a fund name like 1 Malaysia, such quotas would be contradictory..oh well. When it started, ANSB however did not have any quotas imposed. It was only subsequently added which I guess is to prevent certain groups from hogging the entire share. Viewed in this perspective, it is commendable as everyone deserves a share. The quest to be financially-sound is more important than ever and everyone should strive to understand and learn more.
However, there are also speculations that this AS 1Malaysia is merely another attempt to restore the coffers of the ruling elites as they have depleted them in the by-elections just gone by and also to prepare for the next general election. I think there are some grains of truth in this, but nonetheless, it is an investment opportunity for every Malaysian to buy the unit trusts to consolidate or add to their networth. Notwithstanding any political motivations or intentions in starting this AS 1Malaysia, I hope more will make use of this opportunity to invest, especially the first-timers and the rural folks.
