Amanah Mutual launches 2 funds worth RM550m

Amanah Mutual Bhd (AMB), a wholly-owned subsidiary of Amanah Saham Nasional Bhd (ASNB), which in turn is a wholly-owned unit of Permodalan Nasional Bhd (PNB), launched its multi-class series of AMB Value Trust Fund (AMBVTF) and AMB Dana Arif (AMBDA) worth RM550 million.

The launch of AMBVTF involved two multi-class series in US dollar-denominated for retail investor (AMBVTF B-USD) as well as institutional investor (AMBVTF C-USD) and one multi-class in ringgit for corporate institution (AMBVTF C-MYR).

AMBDA also launched one multi-class in ringgit-denominated for institutional investors (AMBDA C-MYR).

"These four multi-class series can be subscribed by Malaysians as well as foreigners residing in Malaysia," said PNB chairman cum AMB chairman Tun Ahmad Sarji Abdul Hamid.

"The multi-class is an innovative structure that gives AMB the flexibility to design funds that better meet the varying needs and preferences of different investors, in terms of the fees and charges imposed, the currency in which it is denominated, the distribution policy and simultaneously helps to broaden market reach," he told reporters after launching the funds here today.

The classes introduced can be denominated in different currencies, therefore investors holding foreign currencies can now invest directly in a class of units denominated in that foreign currency without first having to convert their funds into ringgit.

AMBVTF is a capital growth fund launched in 2003 and its objective is to provide investors with capital growth through investments in securities while minimising the risk in the medium to long term.

AMBVTF provides investors with an alternative approach when investing in equity markets.

Meanwhile, AMBDA is a bond fund launched in 2004 with the objective of providing a steady appreciation of the net asset value with a regular flow of income to investors through investments in debt securities that are permissible under syariah principles.


http://www.ambmutual.com.my/

I don't know. What I know they did same thing with asn3, New passbook & account number

Very simple. If you have doubt about the business / investment practices, don't invest. No one forcing anyone to invest

it's for the more "advance" investors. The risk is higher

I can't say much.

If you really want the answer, do e-mail ASNB for clarification. If you get a proper explanation, do please post here for everyone reference

Once I got email them last year regarding the fixed price fund, asking them to add more new units for subscription. I got the "standard" reply "units sold out, if anyone withdraws then some are units available"

(they reply after few weeks )

You're very lucky to have the passbook, some people don't have at all.

Why don't you try at Pos Malaysia or ASNB branch, they normally will give a try for you

When as1m open for subscription, a lot of people have doubt. Some people spreading negative rumour about the fund. The "famous" one is the 4% p.a dividend rate

The person / parties spreading the rumour are the one putting more money there (bcoz wanna eliminate competition for the available units)

There's risk in every investment, the only difference is how much / high

Not every bankers are like that, You're very lucky to have her.

Normally those with "VIP" or "High net individual account holders" would get some special treatment at banks. When the units are open for subscription, they would get their transaction first (even the 1st person in the Q need to wait for some time before transaction would be done). Banks famous Quote for all those waiting in Q "Sistem tergendala sebentar, Network connection problem, Sistem jem"

Anyway it's too late, "nasi sudah menjadi bubur"

When people in fear, that's the time to "attack" (No one want it, so opportunities to "sapu" it)

If really got new fixed price fund, people would Q early morning to subscribe it. People won't fall to the same trick 2nd time

(last time people started Q at 4am, now sure much more earlier maybe 11pm night before )

When I saw this happening, I was very2 angry, but I couldn't do anything about it. Those involved are those "high profile, VIP, Those big business person". Every one knew them.

Anyway after I encounter this problem, the next "opening" of new units I went to ASNB branch. The branch is much more better than those banks. They got more counters for new acc & top-up. Everyone was happy

bro already got asw2020 fund

maybe got planning for ASM 2.

AS1M 2 kinda weird

Only an excuse to "cover-up" their act (doing background transaction). I don't believe what they said. Tipu

asw2020 2 kinda weird when you pronounce it

I really hate them for doing this "background transaction"

10years I don't think that long, who knows maybe next year after the ASG promo ends got new opening (or after we get new PM end of the year )

Yesssssss

I know some of them sure read this forum. I "indirectly" let them know how "ordinary" people feels.

Siapa makan cili dialah terasa pedasnya

You're very2 lucky.

That time people are worried about possible "change" in Malaysia. Most withdraw their investment out of fear.

They "try" how many times? Just once & say successful transaction means they just "key in" rm100.

If they "try" 1st time unsuccessful, then they need to "key in" again different amount.

Just look at their hand movement. What they're typing, where the finger typing at which part of the keyboard (normally they use the number section - right side)