One billion new units of ASW 2020 Available
Fund Name : AMANAH SAHAM WAWASAN 2020 (ASW 2020)
Type : Income
Category : Equity
Launch Date : August 28, 1996
Objective : To provide reasonable level of regular distribution income to Unitholders from investments in a selected portfolio of authorised investment.
Potential Investors : Those who understand investment risk and reward and expect to benefit from long-term growth of the Fund through re-investment of distribution (if any) as well as to receive regular income (if any) on their capital.
Eligibility : Malaysian
* Akaun Dewasa (18 years and above)
* Akaun Remaja (18 years and above as Guardian for minors age 6 months old and above but below 18 years)
Investment Manager : Permodalan Nasional Berhad
Price per Unit : RM 1.00
Form of Investment :
* Investment book
* Member’s Investment Scheme (EPF)
Minimum Initial Investment :
* Investment book – 100 units
Minimum Additional Investment :
* Investment book – 1 unit
* Certificate – Multiples of 1,000 units
* EPF – RM1,000
Maximum Investment : Unlimited, subject to availability of units of the Fund.
Approved Fund Size : 10.00 billion units.
Sales Charge : None
Redemption Charge : None
Payment of Redemption : On-the-spot, but for EPF Member’s Invesment Scheme, redemption amount is payable to EPF only.
Cooling-off Period : None
Financial Year End : August 31
Year End 31 August – Net Distribution per unit (sen)
2006 – 6.80
2007 – 8.00
2008 – 7.00
more details : AMANAH SAHAM NASIONAL BERHAD
One billion new units of ASW 2020
KUALA LUMPUR: Amanah Saham Nasional Bhd (ASNB), a wholly-owned subsidiary of Permodalan Nasional Bhd (PNB), yesterday opened for subscription one billion new units of Amanah Saham Wawasan 2020 (ASW 2020).
To ensure fair distribution to the investing public, a maximum limit of 10,000 units has been set per account holder during the offer period ending Dec 3.
The maximum investment limit would be void after the offer period, it said in a statement.
With the additional units, the fund size of ASW 2020 would increase to 10.42 billion units.
ASW 2020 was launched on Aug 28, 1996, with an initial fund size of three billion units.
ASW 2020 is a fixed priced unit trust open to all Malaysians aged six months and above, subject to a quota of 51% for bumiputras and 49% for non-bumiputras.
Source : TheStar
Topup is very fast but opening a new ASW2020 might take you few hours of waiting in queue!