February 24, 2010 16:33 PM

3.4 Billion 1Malaysia Units Subscribed Todate


KOTA KINABALU, Feb 24 (Bernama) -- The Amanah Saham 1Malaysia (AS 1 Malaysia), todate, has attracted 244,117 investors who have subscribed 3.40 billion units in the equity income fund. Permodalan Nasional Bhd President and Group Chief Executive Tan Sri Hamad Kama Piah Che Othman said the fund, open to all races, was enjoying brisk sale especially among the Chinese community.

He said three billion units, of RM1 each, reserved for the Chinese saw a take-up rate of 89 per cent. "Maybe, the Chinese are more well-versed with share transactions and the returns they can reap from such investments.

"The Bumiputeras are more cautious and would rather wait until the maiden dividend is announced. They are more comfortable investing in other unit trusts offered by PNB including Amanah Saham Bumiputera and Amanah Saham Didik," he told reporters after launching the national-level AS 1Malaysia here today.

The RM10 billion fund, launched by Prime Minister Datuk Seri Najib Tun Razak on July 31, 2009, is open to Malaysians aged 18 and above on a quota basis whereby 50 per cent of the shares are allocated for Bumiputeras, 30 per cent Chinese, 15 per cent Indians and the remaining 5 per cent to other groups. On the response to the unit trust in Sabah, Hamad Kama Piah said 12,345 investors have so far subscribed to 149 million AS 1 Malaysia units.

PNB has mounted a road show by mobilising a MyVi AS 1Malaysia squad which will disseminate information on the fund to residents in and around Kota Kinabalu, various districts and the interiors beginning today until March 11.

-- BERNAMA

yes, even the fixed price products like ASW2020/ASM/AS1m/ASD need to pay management fees. The only benefit of PNB fund is it doesnt require to pay tax, any income derived from these funs are tax exempted.

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Added on February 27, 2010, 1:28 pmi agree with you, AS1M, first year return should be good, since the take up rate of the fund is just 34%, so paying good dividen in the 1st year will attract many investors.


This post has been edited by cheahcw2003: Feb 27 2010, 01:28 PM

Some reporters have raised this question to the PNB's chairman cum CEO, CEO explained that each fund has different portfolios, like funds for bumi do not have the exposure to haram stock like banking, each fund has different management team, different financial year end, and has been independently audited by external auditors. So it is not as easy as take your coins from left pocket to put it in your right pocket.

The only question is why ASB can be consistantly have higher return than other funds?????? if ASB portfolio is good and can bring the highest return for all funds, why not other funds "copy" the same portfolios like ASB????

All the funds under PNB umbrella are tax exempted, so i think AS1M will not be excluded, after all, it is launced by PM, and so it is Najib's baby.
If u read their financial report, they trade equity thru Brokers, mainly via Maybank/CIMB, but then PNB is the biggest shareholder of Maybank, it is like paying to Maybank for share commission, and get paid back in the forms of dividend from Maybank.

For those that want stable income and do not like to monitor risk, PNB is good.
For those who are more advantorous and can monitor your investment by yourselves, PNB funds' may not atractive

This post has been edited by cheahcw2003: Feb 28 2010, 12:26 AM

if u r so worry abt tax, stay tunned, dont invest until ASNB annouced for this matter....

sorry my oppology, dont think too much, there is no reason for PNB to exchude this from tax exemption, or else they will not achieve even 50% sales target.

ASM FYE is at 31 March. So PNB is going to annouce its yearly dividend a week b4 the month end, anyone want to have a wild guess on the return of ASM??? PNB's fund somehow correlated to the return of EPF. Last year EPF get 4.5%, this year advanced to 5.65%, so can we expect the same increment on ASM's dividen?????

PNB Offers 300 Million Amanah Saham Didik Units

KUALA LUMPUR, March 8 (Bernama) -- The size of the Amanah Saham Didik (ASD) has swelled to 3.8 billion units following the announcement by Amanah Saham Nasional Bhd, a subsidiary of Permodalan Nasional Bhd (PNB) that it is offering an additional 300 million units.

The offer of new units was the 11th since ASD was launched in 2001, with the initial 300 million units, said PNB, Malaysia's biggest fund manager, in a statement Monday.

As of Jan 31, 2010, 3.36 billion units were subscribed by 271,226 unitholders, said PNB President and Group Chief Executive Tan Sri Hamad Kama Piah Che Othman in a statement.

Of the total, 89.92 per cent unitholders were aged 18 years' old, who invested in the scheme for education financing, he added.

ASD is an equity fund offered to Bumiputeras from as young as six-month-old at RM1 per unit. There is no limit to maximum units subscribed but subject to units available.

-- BERNAMA

I also do not understand why PNB increase the 300mil unit, the approved fund size is already RM4.5mil as at last financial year, the up-to-date subscribed unit was only rm3.36bil, more than rm1bil still remain unsubscribe.....

ASM was declaring 6.25% while EPF is declaring 4.5%, this year EPF dividend is 5.65% so ASM shd do better

31 march

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Added on March 14, 2010, 10:33 amPNB has been encouraging their investors to withdraw the money from EPF to invest in ASW, ASD, ASN3, and ASG series. If PNB declares lesser dividend that ppl expecting, than this campaign will not success....

This post has been edited by cheahcw2003: Mar 14 2010, 10:33 AM

sorry
ASM = 31 March
AS1M = 30 sept

are u talking abt AS1M, in my opinion, if AS1M chinese quota full, i think other race quota will be opened, PNB ultimate aims is to sell AS1M units....and to meet quota

PNB agih pendapatan ASM 6.30 sen
22/03/2010 11:43am


KUALA LUMPUR 22 Mac - Permodalan Nasional Bhd. mengumumkan pengagihan pendapatan Amanah Saham Malaysia (ASM) bagi tahun kewangan berakhir 31 Mac 2010 sebanyak 6.30 sen. - Utusan

as long as u dont close the account and leave some money inside the account u will get the prorata dividen at the financial year end.

Those with majority bumi participation. My performance ranking will be:-
1) ASB (as always)
2) ASW
3) ASD
4) AS1M
5) ASM

Juging from only 2% of AS1M are subsribed by Bumi, do u think ASNB will "penalise" the Bumi investors by declaring higher dividen for AS1M compared to ASD/ASW (which have 100% & 51% owned by Bumi)??? And to make the majority Chinese AS1M investors happy?
Many investors still do not look at the big picture of what and why the fomation of PNB/ASNB...

ASNB Keeps Income Distribution Rates For ASG Funds Unchanged

KUALA LUMPUR, March 24 (Bernama) -- Amanah Saham Nasional Bhd (ASNB) has maintained the rates of income distribution for all three Amanah Saham Gemilang (ASG) funds for the financial year ending March 31, 2010.

ASG-Pendidikan investors will receive 5.5 sen per unit while ASG-Kesihatan and ASG-Persaraan unitholders 6.0 sen and 5.0 sen per unit respectively.Permodalan Nasional Bhd (PNB) Chairman Tun Ahmad Sarji Abdul Hamid said that based on the net asset value (NAV) on March 23, the income distribution translated to a yield of 5.81 per cent for ASG-Pendidikan, 6.12 per cent for ASG-Kesihatan and 5.05 per cent for ASG-Persaraan.

He told a press conference here on Wednesday that ASNB, a wholly-owned subsidiary of PNB, had allocated RM2.31 million for 6,789 investors holding 42 million ASG-Pendidikan units. Up to March 23, ASG-Pendidikan registered a gross income of RM3.28 million and of which, profit from the sale of shares contributed RM1.99 million or 60.7 per cent.

For ASG-Kesihatan, ASNB has allocated RM2.18 million for 4,491 unitholders who subscribed to 36.4 million units of the fund that recorded a gross income of RM2.63 million. Profit from the sale of shares contributed RM1.52 million or 57.8 per cent to the gross income.

The amount of income distribution allocated for ASG-Persaraan is RM1.07 million which will benefit 2,765 investors holding 21.4 million units. The fund recorded a gross income of RM1.78 million and of the total, profit from the sale of shares accounted for RM1.08 million or 60.7 per cent.

"The income distribution payment for ASG-Pendidikan, ASG-Kesihatan and ASG-Persaraan will be automatically re-invested in the form of units and credited into the unitholders' account based on the NAV of each unit trust on March 31," Sarji said. All transactions for the three ASG funds have been suspended from today until March 31 and the unitholders can update their ASG passbook at ASNB offices or agents nationwide beginning April 1.

PNB President and Group Chief Executive Tan Sri Hamad Kama Piah Che Othman said the three ASG funds performed better compared with the previous year and the overall returns had surpassed the benchmark set for this year due to improving market conditions. Asked whether PNB would reduce its investment in government-linked companies, he said PNB would always ensure that any decision whether to buy or sell bring good returns.

"We have a variety of unit trust funds and each has its own portfolio. If we want to sell, it must bring the best return," he said.

-- BERNAMA

PNB's fixed price product like ASM, the dividend is paid on monthly rest, u need to keep full months (from 1st to last day of the month) to enjoy the full month dividend. We dont call it "interest" for PNB products...

i tot i have already answered your question, all fixed price products of PNB ARE paid dividend on MONTHLY REST, if u r still not sure, pls check the PNB website, instead of keep on posting the same question here.

u can buy bond fund (conservative), or forex/stocks (for quick gain). Even if u invest in ASM, the dividend will only paid out end of its financial year, the next FYE will be 31 march 2011