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 pm

i 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.

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

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...

'Bumi' is not reluctant to invest in AS1M, they just have a much much better opportunity which is ASB. Whey put your fund elsewhere, when you are virtually assured of getting much better returns at ASB? AS1M will not collapse cause the chinese/indian have no where else to put their money in a semi-risk free investment. PNB knows this and so do our government. 

Seeing all these makes me think that we will have a riot on our hands if PNB should fall one day. Is PNB really that safe ?

Oh, Thanks . I thought i was able to park it there for a few days and take it out. Is there any PNB product that i am able to manipulate for daily rest?

I am still buying IF I got the money. If return not good, just withdraw it next year. Nothing to lose

PNB, CIMB Unveils Online Funds Top Up Service At MSAM 2010
KUCHING, April 20 (Bernama) -- Permodalan Nasional Bhd and CIMB Bank on Tuesday unveiled CIMB Clicks Amanah Saham Nasional Bhd (ASNB) Funds Top Up Facility at the 11th Minggu Saham Amanah Malaysia (MSAM) here.The online facility allows all registered ASNB investors, who have a CIMB Clicks account to make additional investments in five fixed-price unit trust funds managed by ASNB. The five funds are Amanah Saham Bumiputera (ASB), Amanah Saham Malaysia (ASM), Amanah Saham Didik (ASD), Amanah Saham Wawasan 2020 (ASW2020) and Amanah Saham 1Malaysia (AS 1Malaysia).

"As the ASNB funds are very well received by the public, including many of CIMB customers. The bank feels that it can provide more value-added services to its customers by offering hassle-free online investment top up facility," PNB President and Group Chief Executive Tan Sri Hamad Kama Piah Che Othman said at the launch here.Deputy Prime Minister Tan Sri Muhyiddin Yasin officiated the launch, after the official opening of the 11th Minggu Saham Amanah Malaysia.

To enjoy the online service, ASNB investors just need to register with CIMB Clicks and have active ASB, ASM, ASD, ASW2020 and AS1M membership numbers. Hamad said third party top up is also accepted under this service, thus allowing family members or guardians to invest for their loved one. Minimum investment through CIMB Clicks is RM1 and the maximum is subject to the investors' purchase limit and funds available in the customer's accounts. He said a service fee of RM1 will be charged for every transaction regardless of the amount.

However, unit holders may only update their passbook at all ASNB offices, CIMB Bank, RHB Bank, Maybank and Pos Malaysia branches nationwide the next working day after the validation is done. All transactions performed on Saturday, Sunday and Public holiday will be processed on the next working day.The online facility also available at Maybank2u, he added.

-- BERNAMA

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Added on April 22, 2010, 1:37 pmNow no need to queue at the counter, can do the transaction online.

Cheer up. It's not the end of the world. When our KLSE index is at it's peak today or rather latest before Labour Day holiday at 1,346.38 you can trust me and KEEP your cash as CASH (F.D. etc.. liquid) History has told us what goes up have to come down. Last time it was the subprime mortgage crisis that broke the camel's back. Today, Greece financial deficit is brewing up another crisis which may be starring at us right our faces. EU is panicking and any slight jerk is going to send down the house of card like anything else. Look at what Goldman Sach is doing to Dow Jones yesterday! And Greece is NOT the only country in trouble. Portugal, Ireland and Spain (PIGS) are right at the edge. The West are working overtime to plug the leaky financial holes to stop the Greek domino from slipping down the stairs!

Who knows if those clouds on the horizon will whip up another storm like Sept 2007subprime or worse still like our 1997 meltdown! If I were you, I'll start to build up my cash pot and at the same time do some homework and look for a few bluest of the blue chips to park my cash when the market is hit real hard. If you can get to the near bottom and fished out a few good stocks your investment may double over the next 1-2 years if market floats the "day after". Mine, timing not so good, still make slightly over 50% today on paper as compared with what's 1 1/2 years back. I am preparing my exit from KLSE when to foreign fund managers moves in. So far they have not done so in any great way.
So where do you think you are going to park your money now that AS1M's door is closed?

5% is the coupon rate pay out twice a year. Guaranteed unless government kaput