500 MLN NEW UNITS OF AMANAH SAHAM MALAYSIA NEXT WEEK

KUALA LUMPUR, July 13 (Bernama) -- Amanah Saham Nasional Bhd, a
subsidiary of Permodalan Nasional Bhd (PNB), is offering 500 million
new units of Amanah Saham Malaysia (ASM) from next week.
The fixed price unit trust fund is opened for subscription from
July 18 to 24 to all Malaysians aged six months old and above, PNB
president and group chief executive Tan Sri Hamad Kama Piah Che
Othman said today.
Speaking at media briefing here, he said the additional units
were aimed at new investors who had missed out on the earlier
opportunity and existing investors seeking to top up their
investments.
To ensure a fair distribution to the investing public, a maximum
investment limit of 50,000 units has been set per account-holder
during the offer period, Hamad Kama said.
"I hope the new units will also attract civil servants who
received their salary increments as announced recently," he said.
The additional units marked the fourth time that ASM has offered
new units for subscription since it was launched on April 20, 2002,
with a fund size of two billion units which was fully subscribed in
21 days.
Hamad Kama said the additional units are expected to be fully
subscribed within one or two days.
"I think with the competitive returns given every year, the new
units will receive overwhelming response from investors," he said.
In the last seven years since its inception, the average annual
income distribution declared by ASM has been 7.02 sen per unit, he
added.
Last year, one billion units were fully subscribed in less than
two hours and another one billion units launched in March 2007 were
fully subscribed within one day.
Currently, Amanah Saham Nasional is managing 5.78 billion units
of ASM. -- BERNAMA
MI LC



13/07/2007 01:59 PM

Is that true that there is no other extra charging like service charge or annual management fees on the ASN? How much per unit? RM1?
Dont have any ASN yet, just holding ASW that last for years already.

How to purchase? Walk into Pos office, Maybank and BCB should have this service ready.

It is just like different fund name with different investment objective. ASN for Bumi only and ASW & ASM for bumi and non-bumi also.

ASN-To generate reasonable level of distribution income and capital appreciation to the Unitholders through a diversified portfolio of investments.

ASW-To provide reasonable level of regular distribution income to Unitholders from investments in a selected portfolio of authorised investments.

ASM-To provide Unitholders with a long-term investment opportunity that generates regular and competitive returns through a diversified portfolio of investments

ASM, minimum 100units @RM1.00

Pos office and Maybank.

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Added on July 17, 2007, 12:32 amASB and ASW are capital guaranteed. ASM should be sam also. Provide better return than FD. ASN is not capital guaranteed, since its variable pricing (price change daily).

This post has been edited by shih: Jul 17 2007, 11:30 AM

Maybank, Bumiputra Commerce, RHB, Pos Malaysia.

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Added on July 17, 2007, 11:29 amhttp://www.pnb.com.my/business/business.cfm?cat=1&subcat=2&subsubcat=1

This post has been edited by shih: Jul 17 2007, 11:29 AM

I dont think it has any lock-in period, put as long as you like.
They pay interest if they make money from their investment, normally 6-7% per annum.
Commission? Do you mean charges or fees? Of course...but they dont charge you extra, the charge from the NAV. Hence, you dont need to pay extra.

i. Annual management fee - Up to a maximum of 1% per annum of the Value of the Fund calculated and accrued monthly, as may be agreed between the Trustee and Manager.

ii. Annual Trustee's fee - RM300,000 or 0.08% per annum of the Value of the Fund, whichever is lower, calculated and accrued monthly.

iii. Initial service charge - The Manager is allowed by the Deed to charge a service charge of up to a maximum of 10% of the NAV per unit. The rounding of the selling price will be up to four decimal places. (but now they dont charge.)

Just now I went to post office also but seems like ASM is not getting too much attention, but I forgot to enquire the ASM and ASW thing. .Forgot ade...

1stLaksamana,
Did you ask whether ASW is still open for sale? Thank you.

It is OK. I will consider about ASM also, but maybe just put 1k only coz still think that it does not perform as good as private fund. One thing good is zero service charge and capital guaranteed.

Some private fund charge up to 1.8%. 1% is considered reasonable already.

You can start to build a camp in front of your nearest Maybank, RHB or BCB now. Else, find a bank which is far enough that everyone does not want to go. But maybe others think the same thing also. Good luck to you but please post here regarding the scene in the bank/post office. I want to know how good response it is. Thank you.

Expected...

Haih, there are so more than one thousand outlet doing the sales. 500m units only, and upper limit is 50k, I am not surprise that it sold out in half an hour. Something always have its objective but a limit also, you must queue up earlyn in the morningin order to stand a chance to buy it.

This post has been edited by shih: Jul 18 2007, 10:48 AM

wow.... One person took away 147k. No wonder other people cannot get it.
You are lucky though.

There is no secret behind but maybe some of staff bought it before it is opened to public? I wonder.
Too many machine access to the same ASM server at the same time, maybe hang or queue... who knows?
Btw, it is not shares. It is unit trust/Amanah Saham Malaysia.

No exact date? or more details for the ASW?

Start getting customer already. Not good for Amanah Saham. haha....
good luck!!!!