I think the non-Bumi quota AS1M can last a few weeks this time around. I went to MBB this morning to open an account, and there were only 2 persons opened the account. Response is not really encouraging.

August 18, 2009 20:58 PM

1.9 Billion AS1M Units Subscribed


PUTRAJAYA, Aug 18 (Bernama) -- Permodalan Nasional Bhd (PNB) announced Tuesday an estimated 1.9 billion Amanah Saham 1Malaysia (AS1M) units have been subscribed since it opened for public subscription on Aug 5, 2009.

Its President and Group Chief Executive, Tan Sri Hamad Kama Piah Che Othman, said 10 billion AS1M units, priced at RM1 per unit, is being offered for sale to all Malaysians aged 18 years and above.

"So far, about 1.9 billion AS1M units have been sold. There is still a lot more units available for subscription," he told reporters after handing over prizes to winners of PNB Investment Quiz 2009 here tuesday.

Malaysians, aged 55 and below, can purchase a maximum of 50,000 units while those above 55 years can subscribe up to 100,000 units of the units which was launched by Prime Minister Datuk Seri Najib Tun Razak on July 31, 2009.

The fixed income fund has similar features as Amanah Saham Wawasan 2020 and Amanah Saham Malaysia.

-- BERNAMA
http://www.bernama.com/bernama/v5/newsbusiness.php?id=433958

I think this time around, the RM3bil allocated to Chinese are rather difficult to be fully subscribed by Chinese by 3rd Sept.

WRONG!!!

ASM
2006 - 6.75
2007 - 6.80
2008 - 7.80
2009 - 6.25

ASW2020
2006 - 6.80
2007 - 8.00
2008 - 7.00
2009 - 6.30

As for ASB, financial year ends 31st Dec, how could you assume the dividend for year 2009 has been declared?

Not only that, Chinese may still be able to subscribe the units after 3rd Sept if the Bumi quota is not open to all races, as the 3 bil Chinese quota could be not fully subscribed yet on 3rd Sept.

This post has been edited by winner: Aug 20 2009, 12:03 PM

Better use the money to pay your cc for the spending on the 1st of the month for a higher chance of winning your desired Longines.

Funny! Yesterday I received a leaflet from PNB via snail mail promoting AS1M. It looks like PNB is getting more desperate to sell the fund as the public response is not encouraging!

If I am not wrong, PNB has never been so desperate sending snail mails to the public to promote its fund. This is the first time I receive such snail mail from PNB directly, after being their customer since >10 years ago.

http://www.theedgemalaysia.com/business-ne...17b-up-21.html#


PNB funds collect RM17b, up 21%

Written by Siti Sakinah Abdul Latif
Wednesday, 07 October 2009 00:16

KUALA LUMPUR: Permodalan Nasional Bhd (PNB) has collected RM17 billion in the year to date through its nine trust funds, some 21% more than it did for the whole of 2008, said its chief executive officer Tan Sri Hamad Kama Piah Che Othman.

He attributed the growth rate, which surpassed the industry average of 13%, to the increasingly greater participation of the public in the unit trusts offered by PNB.

PNB was estimated to have some RM120 billion of assets under management, including its proprietary funds, as at end-2008.

Its latest fund, the Amanah Saham 1Malaysia (AS1M), had seen a take-up of 2.6 billion units from the 10 billion units offered, Hamad Kama Piah told reporters after presenting prizes to the winners of PNB’s Investment Quiz in Putrajaya yesterday.

Of the 2.6 billion units taken up, the Chinese community had subscribed to some 2.2 billion units or 75% of its allocation of three billion units, he added.

As for the other races, he said the take-up rate for Indians stood at 20% from the total 1.5 billion units offered while bumiputeras had taken up only 3% of five billion units offered.
He said the poor response from the bumiputeras to the scheme was not surprising as they had many funds to invest in. “Due to the large number of units offered to bumiputeras, many of them see no urgency to invest so soon (in the scheme). Usually when its units are about to finish, people will start scrambling to buy.”

Asked about the progress of the development plan for the 7.2ha land near Merdeka Stadium, Hamad Kama Piah said PNB was still in talks with prospective property developers for the mixed development project. He declined to elaborate beyond saying that no tie-ups had materialised.

It had been reported that the development of the prime land would start next year.

Property is seen as a new source of income for PNB, and Hamad Kama Piah had said that PNB would intensify its property investment “to ensure each property belonging to PNB brings suitable returns”.

http://biz.thestar.com.my/news/story.asp?f...94&sec=business

Thursday December 3, 2009

PNB clears the air on Amanah Saham 1Malaysia

KUALA LUMPUR: Permodalan Nasional Bhd (PNB) has clarified a few misconceptions on its new product, Amanah Saham 1Malaysia (AS1M), in terms of distribution method, direct fees and charges, and performance benchmark.

AS1M is a 10 billion-unit fixed price fund of RM1 per unit that was launched in August for all Malaysian individuals with a minimum initial investment of 100 units.

According to deputy president of unit trust Idris Kechot, subscribers were free to cash out or sell their units at any time and still be entitled to the annual dividend payment based on the units retained.


Idris Kechot says subscribers are free to sell their units at any time
“The method of distribution is based on the average sum of the minimum monthly balance of the units during the distribution period. AS1M is a fixed-price fund unlike other price-varied funds that are based on net asset value of the funds,” he told a media briefing yesterday.

Idris said Amanah Saham Malaysia Bhd also had not imposed any sales charge on all its fixed-priced unit trust funds, including AS1M, although the latter’s prospectus stated a sales charge of up to 1% of the invested amount was applicable.

AS1M also did not impose any redemption charge and it had no maturity period, he added.

In terms of performance benchmark, Idris said AS1M was based on average five-year Malaysian Government Securities (MGS) yield as opposed to three-month Kuala Lumpur Interbank Offered Rate that was used in Amanah Saham Wawasan 2020, Amanah Saham Malaysia, Amanah Saham Bumiputra and Amanah Saham Didik.

“Average five-year MGS yield is a more suitable benchmark due to its objective as an income and a long-term investment fund. Also, the rising inflation environment needs a higher benchmark in order for our unit holders to maintain their ‘real’ rate of return on investment,” he said.

AS1M, which has an allocation of 50% for bumiputra investors, 30% for Chinese, 15% for Indians and the remaining 5% for other ethnic groups, has sold some 2.8 billion units. Idris said the decision to uplift the quota would be made before Dec 31.

PNB – the investment manager of nine Amanah Saham trust funds – has seen tremendous growth this year that is translated into 700,000 new subscribers year-to-date compared with 500,000 last year despite the challenging economic climate.

“And the total investment up to October this year was at RM17.8bil compared with RM12bil for the whole of last year,” Idris said.

I was one of them. Don't ask me how, as somebody has already explained.

This post has been edited by winner: Dec 30 2009, 03:18 PM

No really. It depends on luck and timing. If somebody withdraws, you can jump in immediately. I managed to buy some 4,000++ units last week.


The quota has been lifted. If you are a Chinese, you can buy it from all participating agents in PNB offices, post offices, CIMB, RHB and MBB. I still topped up some last week when I supposedly used the fund to top up my ASW. However during the time, only 4,000++ ASW units were available.

In fact I wasn't too happy with the 6.5% dividend announced. In 31-3-09, we still could get 6.25%. But with the economy improving from 2nd half 09, I expect good gains from equity market. It started with a very low base in April'09.

If we compare ASM with ASW2020, we could see that dividends of ASW are not always higher than ASM. ASW 31-8-08 7.00% vs ASM 31-3-08 7.80%; ASW 31-8-09 6.30% vs ASM 31-3-09 6.25%.

If our equity market performs well from now till Aug'10, we can expect a higher return for ASW. On the other hand, if the market slumps or consolidates, we may expect a lower dividend rate.

Dividen sulung AS1M 6.38 sen seunit

2010/09/23

KUALA LUMPUR: Amanah Saham Nasional Bhd, anak syarikat Permodalan Nasional Bhd (PNB), mengumumkan agihan pendapatan sulung bagi Amanah Saham 1Malaysia (AS1M) sebanyak 6.38 sen seunit bagi tahun kewangan berakhir 30 September 2010.

http://www.bharian.com.my/articles/Dividen...seunit/Article/