you can withdraw from any PNB's agent such as Maybank/RHB/CIMB/Post office.

Ejen enggan jual AS1M?

Oleh AINUL ASNIERA AHSAN
ainul.ahsan@utusan.com.my

KONFLIK kepentingan yang timbul akibat penjualan dana Amanah Saham 1Malaysia (AS1M), dana amanah terbaru Permodalan Nasional Berhad (PNB), kini dipercayai menyebabkan sesetengah ejen jualan yang merupakan bank-bank tempatan, agak 'keberatan' untuk menjualnya secara agresif. Penjualan produk dana amanah yang berharga tetap itu dilihat menjadi pesaing utama kepada produk-produk dana amanah yang kebanyakan harganya mengikut pasaran yang turut dijual oleh ejen-ejen jualan berkenaan.

Keadaan ini, dikatakan merupakan antara punca utama jualan AS1M agak perlahan. Utusan Malaysia difahamkan jumlah saiz tawaran dana amanah yang terbesar seumpamanya dan unjuran kemampuan pulangan yang mampu ditawarkan sedikit sebanyak menjejaskan permintaan terhadap produk yang ditawarkan mereka.

Pada 31 Julai lalu, AS1M menawarkan saiz dana sebanyak RM10 bilion dengan 50 peratus disediakan kepada pelabur Bumiputera, 30 peratus Cina, 15 peratus India dan bakinya untuk kaum lain. Sehingga 25 Ogos lalu, jumlah dana AS1M yang dilanggan berjumlah kira-kira dua bilion unit. Ini berbeza dengan sambutan hangat ibarat pisang goreng panas yang diterima oleh Amanah Saham Malaysia (ASM) dan Amanah Saham Wawasan 2020 (ASW2020) setiap kali dilakukan penambahan saiz dana.


Sources: http://www.utusan.com.my/utusan/info.asp?y...06.htm&arc=hive

AS1M Allocation Ratio To Ethnic Groups Extended To Dec 31

KUALA LUMPUR, Oct 1 (Bernama) -- Permodalan Nasional Bhd (PNB) has extended the Amanah Saham 1Malaysia (AS1M) subscription allocation to ethnic groups to Dec 31, 2009. PNB president and group chief executive Tan Sri Hamad Kama Piah Che Othman said the decision to extend the allocation ratio was to provide extra time for people from all the ethnic groups to invest in the fund.

The investors of AS1M came from various economic backgrounds including medium and low-income earners, he said in a statement on Thursday.
"I hope everyone would take this opportunity to participate in this AS1M fund by opening a new investment or making an additional investment," he added. AS1M, a fixed price fund with a size of RM10 billion units, was launched on July 31, 2009 by Prime Minister Datuk Seri Najib Tun Razak. It is open to all Malaysians with an allocation of 50 per cent for Bumiputeras, 30 per cent for Chinese, 15 per cent for Indians and five percent for other ethnic groups.

As of Sept 27, more than 2.5 billion units had been subscribed by 165,661 investors.

Hamad Kama Piah also said Amanah Saham Nasional Bhd (ASNB) would be conducting investment seminars, focusing on AS1M in selected locations nationwide beginning this month. Interested participants can contact ASNB at 03-2057 3000 or the nearest ASNB offices for further details.

-- BERNAMA

Sources: http://www.bernama.com/bernama/v5/newsindex.php?id=443601

definately no, this fund has the best response from Chinese group, and the chinese quota is 3.0billion, now only sold around 2.0billion to this group, still have rm1.0bil to go before it open to everyone on 1st Jan 2010.

Promotional period has been extended to 31 Dec, PNB does not sell well and enough, they will not impose 1% to turn down the potential investors.

Withdraw rm30K for better investment opportunity?

The individual limit of rm50K has been lifted since 4th Sept and the etnic allocation will be continuned till 31 Dec, so if u have invested rm50K u can invest more now, unlimited per account subject to your etnic group allocation.

Chinese allocated unit is rm3 bil (30% of total fund size RM10bil), sold units up to date for chinese is rm2bil, so still have rm1bil room for chinese etnic, for other races no issues at all.

Your pic in display showing that u look like a malay/bumi, as a bumi u will have many choices when it comes to PNB fund, ASB paid the best return i guess, no other PNB products will beat its return, but u got a point, AS1M may have good return for the 1st year to stimulate the sales of the units.
Invest in gold? i think gold price at its historical high already, so the risk is higher if to invest now, this is my opinion....

PNB Eyes West Asian Market

By Tengku Noor Shamsiah Tengku Abdullah and Farazira Amira Yusuf

SHAH ALAM, Oct 6 (Bernama) -- Permodalan Nasional Bhd (PNB), the country's biggest fund manager, is eyeing opportunities to expand its wings to West Asia, said its president/chief executive officer, Tan Sri Hamad Kama Piah Che Othman.He said although PNB has not ventured into West Asia yet, it was aware of the region's potentials.

"We will continue to look for suitable markets to invest. However, in PNB we will only go in only when we are sure of the potential," he told Bernama at the Projek Lintasan Kota Sdn Bhd's (Prolintas) Hari Raya open house here Tuesday. Hamad Kama Piah, who is also chairman of Prolintas, said the current financial crisis, which affected nations worldwide, offered the company a good investment opportunity.

"We've just opened an office in Tokyo. This will give our officers an opportunity to analyse the market there because all these while they have been managing the funds from here," he said. He said with the unstable markets like in Japan and China, it would be best for the company "to analyse the situation in detail". "Only when the time is suitable, we will increase our investment there," he said.

Hamad Kama Piah said PNB would use its office in UK to study the European and US markets and decide on the shares to invest.
He said PNB would continue to invest in the local market because it has invested the bulk of its funds. "Base on performance of the shares PNB had invested, the returns were encouraging," he said.

Hamad Kama Piah said the shares of big companies PNB had invested had performed well although they were not up to expectation. "Nevertheless, they have helped to boost PNB's portfolio," he said.

-- BERNAMA

Can PNB sustain returns as size grows?
from The Edge 11 Sept 2009
http://www.theedgemalaysia.com/component/c...cle/148523.html

Since April this year, Permodalan Nasional Bhd (PNB) has raised more than RM15 billion to add to its funds under management which are estimated to be RM80 billion to RM120 million. The recent launch of the RM10 billion Amanah Saham 1Malaysia was by far the biggest by the government-backed PNB. In April this year, PNB reopened Amanah Saham Wawasan 2020 and Amanah Saham Malaysia to investors, which saw the sale of 5.3 million units at RM1 each.

All of PNB’s sales have received warm response from investors, particularly those who do not invest directly in the equities market. This is largely due to the fact that funds managed by PNB have on average returned yields of 5.5% to 7% in recent years, which are higher than the risk-free fixed deposit rate. At the same time, investors have the comfort of knowing the funds are backed by the government. Although not all the 10 funds that PNB manages are capital guaranteed, no investor who has put money in them can claim he is worst off.

The returns on PNB’s funds are higher than those the Employees Provident Fund (EPF) has given out to its contributors. Since 2002, the highest dividend the EPF has declared is 5.8% in 2007. Last year, when the equities market was badly hit, the EPF’s return was 4.5%. While nobody complains about the returns on PNB’s funds, the question is, how does PNB do it? Every year, regardless of how the equities market is performing, the funds declared dividends.

PNB is not known to invest outside Malaysia. Neither is it known to put large amounts of money in fixed-income instruments unlike the EPF. On average, each of its funds invests about 70% of its money in equities. PNB does not invest in high dividend paying sin stocks. It is the biggest shareholder in Malayan Banking Bhd, Sime Darby Bhd and UMW Bhd. It has, in recent months, taken up stakes in property companies such as S P Setia Bhd and Mah Sing Bhd. Most of these companies pay high dividends. Apart from dividends, there is a fair amount of activity by PNB’s funds in the market at any one time, whether sentiments are good or bad.

Although dividend income forms a substantial portion of the income distributed, a lot of its returns is also derived from realised gains from the disposal of equities. For instance, Skim Amanah Saham Bumiputera, which is said to be its biggest fund, paid out RM3.49 billion in 2006. Of the amount, almost 50% came from gains realised from the disposal of equities. In 2006 alone, the funds managed by PNB distributed RM4.2 billion to investors. Based on a fund size of RM70 billion, this works out to a return of 6%, which is higher than the EPF’s 5.15% for that year.

How the funds managed by PNB realise huge gains from the disposal of shares and dividend income is something that has continued to amaze industry players. One theory that often crops up is that PNB’s original cost of investment in some of its large portfolios, such as Sime Darby Bhd, UMW Holdings Bhd, Malayan Banking Bhd, Telekom Malaysia Bhd and Tenaga Nasional Bhd, was low. Which is why it is always able to realise hefty profits from the sale of these equities.

Also, when initial public offerings (IPOs) were a craze until the Asian financial crisis in 1997, PNB was allocated shares in listed companies at the listing price. But the IPO era has long fizzled out. A more likely reason PNB has been able to consistently pay out dividends of at least 5.5% is that its funds do not distribute all their profit. Unlike the EPF, PNB is able to retain some of the returns. This is possibly why it is able to pay out above-average returns even when the bears overrun the stock market.

But going forward, with a fund size that continues to grow, can PNB keep paying 6% dividends? With an investment strategy where about 70% of its money is put in the domestic equities market, can PNB generate sufficient returns to maintain its average payouts? Investing is not an easy task. It is an art and every serious investor will agree that most lose more money than they make. Identifying good investments is one thing, getting in and out at the right time is another.

The investments of sovereign wealth funds (SWFs), managed by well-paid investment bankers, are still under water despite the stock market having improved and fears of a recession having abated. Singapore’s Temasek Holdings and Government of Singapore Investment Corp (GSIC) had put money in troubled financial institutions such as Barclays, Merrill Lynch (which was taken over by Bank of America), Citigroup and UBS. The Singapore funds were not the only ones to invest in US and European financial institutions. Abu Dhabi Investment Authority, Kuwait Investment Authority, China Investment Corp and many other SWFs did the same. Some came out bruised but the startling fact is that the investments of very few of them is in the black.

Temasek, which is well known for its astute investment decisions, came out of Bank of America last month with a loss reported to be US$3 billion (RM10.5 billion), earning Temasek CEO Ho Ching some criticism. It was reported that Temasek had paid US$5.9 billion for a 14% stake in Merrill Lynch. It was also reported last month that American investor Warren Buffett was sitting on a US$2 billion paper gain from Goldman Sachs preferred shares which he had bought in September last year. GSIC is in UBS and Citigroup for the long haul. In February this year, it announced that it was converting its convertible preferred notes to shares at US$3.25 each, a much lower conversion than US$26.35. The conversion will leave GSIC with an 11.1% stake in Citigroup.

Having mistimed their entry into the financial institutions, the SWFs are now eyeing non-financial assets. For instance, Qatar Investment Authority will be the third largest shareholder in the merged Porsche-Volkswagen outfit. On hindsight, anybody can claim that the timing of Temasek’s entry into Merrill Lynch was too early. Many can now deduce that the SWFs did not understand the extent of the problems faced by these financial institutions. But then again, at the time, nobody thought that Merrill Lynch or Lehman Brothers would buckle under the weight of the US subprime crisis. In fact, many saw the entry of the SWFs into the US and European financial institutions as seizing an opportunity that would not come by very often.

In a nutshell, investing in the stock market is an art. It is a tough business but PNB has been doing it well with consistent returns so far. But how long can it invest and declare consistent returns of more than 5.5% by just putting its money in local stocks? PNB already has sizeable stakes in some of the big caps. Unless there is new money in the form of foreign portfolio investors buying up shares sold by PNB, it will be a tough challenge for the ever-growing fund.

This post has been edited by cheahcw2003: Oct 8 2009, 08:45 PM

Since ASW2020 is full for chinese quota, so ur mom needs to think twice if she want to sell ASW2020? once it is sold, it will be difficult to buy back. Understand from some bank staffs that there are many non bumi that "stand-by" in the bank to buy in ASW 2020. What the investors do is they just handover the ASW2020 passbook to the bank staff, whenever someone sold the unit the bank staffs will bank in for their valued customer....

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Added on October 14, 2009, 3:53 pmAS1M: 2.7 bilion unit dilanggan

PULAU PINANG 13 Okt. - Sebanyak 2.7 bilion unit Amanah Saham 1 Malaysia (AS1M) telah dilanggan sehingga kini, kata Ketua Eksekutif Kumpulan Permodalan Nasional Berhad (PNB) Tan Sri Hamad Kama Piah Che Othman. Beliau berkata, 75 peratus daripada kuota untuk pelabur kaum Cina telah dilanggan manakala unit untuk pelabur Melayu dan India masih banyak belum dilanggan.

"PNB sentiasa mengadakan program untuk meningkatkan dan memberi kesedaran kepada orang ramai tentang kelebihan pelaburan," katanya kepada pemberita selepas majlis penyerahan zakat perniagaan kumpulan PNB sebanyak RM2.2 juta kepada Majlis Agama Islam Negeri Pulau Pinang (MAINPP) di Seri Mutiara di sini hari ini. Zakat berkenaan disampaikan Hamad Kama Piah kepada Yang Dipertua Negeri Pulau Pinang, Tun Abdul Rahman Abbas yang mewakili MAINPP.

Hamad Kama Piah berkata, menerusi kempen kesedaran itu, penjualan unit amanah akan mendapat sambutan berterusan daripada pelabur. PNB juga akan mengadakan kempen meningkatkan kesedaran pelaburan di seluruh negara bermula 20 Oktober ini. "Kelantan adalah destinasi pertama kami, diikuti dengan negeri lain selepas itu, ia adalah program berterusan PNB," katanya.

AS1M, dana harga tetap dengan saiz 10 bilion unit, yang dilancarkan pada 31 Julai lepas oleh Perdana Menteri Datuk Seri Najib Tun Razak telah dilanjutkan tempoh peruntukan langganan mengikut kaum sehingga 31 Dis ini.

AS1M adalah tabung unit amanah berharga tetap berharga RM1 seunit yang kelima yang dilancarkan oleh PNB selepas Amanah Saham Bumiputera (ASB), Amanah Saham Malaysia (ASM), Amanah Saham Didik (ASD) dan Amanah Saham Wawasan 2020 (ASW). Hamad Kama Piah berkata, sejak ditubuhkan sehingga sekarang, PNB mempunyai hampir 10 juta pelabur dengan nilai pelaburan mencecah RM100 bilion. - Bernama



This post has been edited by cheahcw2003: Oct 14 2009, 03:53 PM

no redemption fee for AS1M like other fixed price products of PNB

yes, same as saving account, withdrawal can be made anytime with passbook

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Added on October 20, 2009, 11:15 pmOctober 20, 2009 21:42 PM

PNB Hopes To Get 10 Million Share Unit Holders By Year End

KOTA BAHARU, Oct 20 (Bernama) -- Permodalan Nasional Bhd (PNB) which has successfully reached the target of selling 100 billion share trust fund units, is looking at increasing the number of its unit trust shareholders to 10 million by end of this year. The trust fund company has so far sold about RM100 billion worth of units through nine share trust funds it has launched since its establishment in 1981.

Its President and Group Chief Executive, Tan Sri Hamad Kama Piah Che Othman said Amanah Saham Bumiputera (ASB) has recorded the highest sales of units worth RM69 billion compared with the other share trust funds. "Todate, some 9.8 million people have invested in the share trust funds launched by PNB," he said, adding that PNB hoped to see the number increase to 10 million by end of this year.

Hamad Kama was speaking to reporters after launching a state level promotional programme for Amanah Saham 1 Malaysia (AS1M) Kelantan here Tuesday. He said PNB hoped to sell by end of this year all the 10 billion units of AS1M, which was launched by Prime Minister Datuk Seri Mohd Najib Tun Razak on July 31. So far three billion units of AS1M have been sold, he said, adding that sales had been slow due to a lack of awareness of the fund and also the high trust fund size.

"What we are doing right now is collecting the feedback and complaints from people who could not subscribe the share units," he said. The quota for the Chinese community of RM3 billion now has a balance of 23 per cent while from the RM1.5 billion quota for the Indian community, sales has reached 20 per cent. �"The quota of RM5 billion for the Bumiputera community has seen sales of only three per cent so far, and this big promotions are being held to attract more people to invest in the AS1M," he said.

There is also possibility that people are doubtful and worried about investing in AS1M which is seen as a new product, he said. As part of its promotions, PNB has established the Myvi-AS 1Malaysia squad which will have marketing officers going to various popular locations to inform the people of the AS1M. In Kelantan, the squad will be stationed around the Kota Baharu, Pengkalan Chepa, Pasir Mas, Tanah Merah and Pasir Puteh areas.

-- BERNAMA

This post has been edited by cheahcw2003: Oct 20 2009, 11:15 PM

What u meant is ASB dividen calculation, and not other products of PNB. ASW2020 do not have bonus payment

Only ASB pays bonus, other funds never pay bonus (except for ASW2020 paid bonus 1% 10 years ago, since never happened again).

Nothing to do with election, it is paid according to so-called fund performance. Nowadays voters are very smart, I do not think the voters will make their decision on which party/politician to choose based on the dividen/bonus they received.

Thanks for the compliment by saying i am young, what i am trying to say is, whatever the government does, we as voters will evaluate the government based on their performance in economy, social, education aspect. The evaluation will comes in the form of vote. Not solely on how much % of dividend they declare in ASx products....

Only innocent investors will vote BN for the sake of higher dividend declared.

Anyway, we shd stopped here otherwise will be out of topic already.....

PNB is managing > RMB100billion of fund, RM500k is peanuts to them. i dont think they will question u if u withdraw rm500K.
yes, if the amount is big they will give u a cheque. u will withdraw the night b4 ah? i think many will do it month b4....hehe....

Are you sure ASW paid 1% in year 2007???? not that i know of, dont think PNB staffs knows abt it also, pls check the following PNB's link for the dividen +bonus declared :-

http://www.asnb.com.my/english/asw.htm
http://www.asnb.com.my/english/asb.htm

Pls be careful when giving out info here. You are right in year 1999, bonus was 2% for ASW, and since never declared bonus.

the 2 funds that u withdrawn from Maybank were PNB funds? total withdrawal of RM500K done in 2 minutes? they paid u by cheque or by cash?

so Maybank issued u a house Banker's cheque? Usually only house banker's cheque can be cleared within the same day.