When you no longer have reliable "pointers" as such is the case in a depressed and volatile market, the tendency for most investors is to look for stability, good dividends and capital-protected investments. Let us look at PNB, among the products offered by its investment vehicle, ASNB are ASB, ASN, ASN2, ASN3, ASW, ASM and ASD. Some of these products are exclusively for Bumis while others are open to the public. All of them have been paying good dividends since their individual launching. Some unit trusts like the ASW, ASM and ASD have fixed price (capital-protected) while others like ASN, ASN2 and ASN3 are variable. I am especially attracted to ASN2 which has recently declared a 9.9% dividend and currently its price is very good at RM 0.9712 and likely to slide lower next week. Prior to March this year (2008), it was about RM 1.1200. It does look like it is the time to buy folks! Despite the fact past performance does not guarantee future income.
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4 comments:
sounds very lucrative .
am interested in asw for i have opened an account in asb already.
previously in asw , when they first launched it, didnt they cap the age to 40 year olds?
as it been removed this capping?
tell us more about risk profiling.. how do you know how much risk you are willing to take..is there a tool somewhere??
Hi Noor,
For a Malaysian Bumiputera it is better to invest in ASB as it consistently issues bonus as well. The max capital investment is RM200000. When you have reached this max then you can invest in other PNB products such as ASW2020. There is no limit for ASW and eligible Malaysians above the age of 18, Bumi and non-Bumi may invest, in fact infant as old as 6 months may invest under an eligible Malaysian guardian. There is no capping at 40. BTW the available ASW2020 units under non Bumi portion have all been taken up showing how attractive PNB unit trusts are for the Malaysian public. According to ASNB Master Prospectus, since launching, ASB income distribution is 150.30 and bonus is 52.25 and that of ASW2020, it is 86.90 and 2.00 respectively.Keep on investing Noor!
Dear Tasha,
You are right, before investing in any unit trust, equities, bond or money market, you would have done a risk profiling analysis. This would enable you to choose which financial products you are comfortable with. If you are risk-averse than the bank is your safest choice and of course the return will be low. Low risk products would be the unit trusts and capital-protected structured units and needless to say the high risk high return products would be the stock markets. Risk analysis is usually done using questionnaires one example can be found at this website www.ambg.com.my/unittrust/riskprofiler/ In fact most banks and finance companies have sets of these questionnaires for the potential investors. In this way, you actively determine your own risk. Answering those questions honestly will give you the type and amount of risks you are willing to take. Be a savvy investor that's the way to go Tasha!
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