Was just informed by my dearest Lil Mom that PNB will be launching additional units for its two funds – the Amanah SahamWawasan 2020 and Amanah Saham Malaysia – on March 12. A total of 800 million units on ASM and 1 billion units on ASW 2020 will be available for sale.
This time around there will be a capping of 50,000 units per fund for each investor and this would be imposed for two weeks from March 12-26, 2007. That’s good news indeed. Looks like PNB has paid heed to the unhappy investors who missed out on the last ASW 2020 release in August 06. The units were sold out within the first half hour due to early bird investors who invested in large denominations (ie. in hundreds of thousands of Ringgit (read my earlier posts (first, second) on this topic).
Both ASM and ASW are fixed-priced equity funds open to all Malaysians aged six months and above. However as for before, 51% of the ASW 2020 units will reserved for Bumiputra investors with the balance available to non-Bumiputras. ASM has no bumiputra quota.
The new units will be available for subscription begining 9.30am at 1,400 agents and Amanah Saham Nasional Bhd branches nationwide.
ASM was launched in April 2000 with an initial fund size of two billion units, and has twice offered additional units since then. As at March 6, ASM fund stood at 4.2 billion units. ASW, the first fund open to all Malaysians, was launched in 1996 with an initial fund size of three billion units. It launched another one billion units last year, which saw the 49% non-bumiputera units fully taken up in less than half an hour.
As for the distribution rate, ASM declared a distribution of 6.8 sen and 7.1 sen per unit for 2006 and 2005 respectively, whereas ASW 2020 declared 6.75 sen and 7.2 sen per unit for 2006 and 2005 respectively. So this gives a rough indicator the type of return that can be expected from both funds.
Also, PNB has announced that it is planning to allocate up to 30% of its assets under management into overseas investments going forward. This will provide for greater diversification, and perhaps even higher returns for ASM and ASW investors.
Good luck — hope everyone gets a fair go this time around! 🙂
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Just went to Maybank and their staff say that cant login to the system… aihhh…
What’s the procedure? I heard you need to go to your home branch and issue a cash cheque in order to buy it, otherwise there is delay in waiting for them to send the cheque for clearing. What if I go to PNB counter? Will there be any delay if I issue them my bank cheque?
well… it works only for ASM top up to existing account yesterday…
new application not working…top up for ASW also not working…
what’s wrong huh? never happens smoothly…there’s always something happening or sold out in a few hours…
hey emily,
where did you get the numbers for ASW and ASM return rate for 2005/2006?
do you have a link where i can get the returns history since fund started?
hi kevin
The distribution rates I got from past news articles in publications like Star, Edge. PNB’s website has the prospectus….very big file… (20Mb or sth like that!) believe you should be able to get more info on historical distribution rates from here also.
Yes…horrible that so many hiccups everytime…people should be allowed to apply at more locations and maybe they should handle it like new IPO’s where there is a period to collect applications and then allocated out fairly to all…oh well!
hi emily
What is your opinion about ASN 3 that is open to non-bumiputra also. Do you think this is worth investing or perhaps we will be better-off investing on a public mutual funds.
Hi emily,
any idea what is the latest return for Amanah Saham Malaysia? can’t seem to find the information.
Hi Emily ,
I was going through your site . I was just wondering how many times has the ASW2020 been listed for sales since it was first lauched for the non-bumi’s ?
Kindly advise what is the ASM dividend for year 2007 which is due on April 2008. Look forward to receiving your reply asap. Thank you.
hi emily
i just wanna ask do you know when is the next selling of the ASW?
Greetings! Help me please) I can’t find some information about tables. I want to make one 🙂 If someone knows, tell me please! Thanks for attention!
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