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AMANAH SAHAM 1MALAYSIA (AS 1MALAYSIA)

Tuesday, August 4th, 2009 5,336 views

AMANAH SAHAM 1MALAYSIA (AS 1MALAYSIA) AS1M

FUND INFORMATION

Fund Name : AMANAH SAHAM 1MALAYSIA (AS 1MALAYSIA / AS1M)
Type : Income
Category : Equity
Launch Date : August 5, 2009
Objective : The Fund seeks to provide regular and consistent income stream whilst preserving the unitholders’ investment capital over a long term horizon through a diversified portfolio of investment.
Potential Investors
Investors who:
* Have a medium to long-term investment horizon.
* Understand investment risk and reward.
* Seek regular income (if any) for their investments.
Eligibility
* Malaysians age 18 years and above.
* Others as specified by the Deed.
Investment Manager : Permodalan Nasional Berhad

TRANSACTION INFORMATION

Price per Unit : RM 1.00
Form of Investment : Investment book
Minimum Initial Investment : Investment book – 100 units
Minimum Additional Investment : Investment book – 1 unit
Maximum Investment : Unlimited, subject to availability of units of the Fund. (However, during the initial offer period the limit is 50,000 units per unitholder. Also, for those aged 55 years old and above during the offer period the limit is 100,000 units per unitholder. The Manager has the discretion to impose to any individual limit during the initial offer period or any other period determined by the Manager.)

Fund Size : 10.0 billion units
Sales Charge : None. However, the Manager has the discretion to charge up to 1% of the amount invested after the initial offer period.
Redemption Charge : None
Payment of Redemption : On-the-spot.
Cooling-off Period : None
Financial Year End : 30 September

Source : ASNB Official Website

Although they just announced today that there’s no sales charges for this AS1M but I forsee there’s no queue or so much havoc like the previous ASM and ASW2020. Moreover all the uncle and aunty taken out all their money invest in those two funds and not forgetting about Sukuk Simpanan Rakyat (Gov. Savings Bond).

ASW2020 Queue
Picture taken during last ASW2020 on April.

PNB: No sales charge for AS 1Malaysia unit shares

KUALA LUMPUR: No sales charge will be imposed on the sale of Amanah Saham 1Malaysia which will be opened for public subscription tomorrow.

Permodalan Nasional Bhd (PNB) president and group chief executive Tan Sri Hamad Kama Piah Che Othman said this was despite the provision for the imposition of sales charges. He did not give the reason for this.

Hamad said AS 1Malaysia, an equity income fund, could invest up to 90% from its value in the equity market.

He added that it was expected to generate competitive returns when the economy and market fully recovers.

“For example, Amanah Saham Wawasan 2020 and Amanah Saham Malaysia which are both fixed price equity income fund has provided income distribution of between 6.25% to 8% in the past five years, which is comparatively higher than the prevailing fixed deposit rate of commercial banks,” he said.

The RM10bil AS 1Malaysia would be open to all Malaysians aged 18 years and above.

The minimum initial investment is 100 units and the minimum additional investment is one unit. The price of one unit is RM1.

Units will be available for subscription at all Amanah Saham Nasional Berhad branch offices and agents nationwide including Maybank, Pos Malaysia, CIMB Bank and RHB Bank.

Transactions at ASNB Offices and Pos Malaysia will be from 8am to 4.15pm. Transactions at ASNB agents will be from 9.15am till 4pm to 4.30pm depending on their respective operating hours.

Investments in cash, bank draft and banker’s cheque made payable to the account holder or Amanah Saham Nasional Berhad are accepted at all ASNB offices and agents.

Source : TheStar

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