Author Topic: ASB2 breaches RM1 bln since its launch on April 2  (Read 33650 times)

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ASB2 breaches RM1 bln since its launch on April 2
« on: September 02, 2014, 12:40:23 AM »
MELAKA: Amanah Saham Bumiputera 2 (ASB2), which is managed by Permodalan Nasional Bhd (PNB), has now breached the RM1 billion mark with more than 52,000 unitholders within four months of its launch on April 2 this year.

PNB president and group chief executive Tan Sri Hamad Kama Piah Che Othman said the sales performance of ASB2 was better than the record made by its other unit trusts.
 
“With its trademark simple product features that are easy to undertstand, ASB2 will become another main choice of the Bumiputera community including the young generation or Generation Y (Gen-Y) which is the target group for the ASB2 investment.
 
“The achievement of more than RM1 billion since its launch is an encouraging performance,” he said to reporters after the state-level ASB2 launch ceremony, officiated by Melaka Chief Minister Datuk Seri Idris Haron here yesterday.
 
ASB2 is the 10th unit trust managed by PNB with a fund size of RM10 billion, and is open to Bumiputera investors from six months old, with an initial affordable investment of as low as 10 units.
 
Hamad Kama Piah said PNB did not fix any target on when the RM10 billion investment could be achieved, as what was more important was the exposure at all levels and every nook and corner of the states to reap the benefits of ASB2.
 
PNB has to date mobilised close to 187.5 billion units by 12.02 million unitholders and if the unitholders’ investor funds are added to the proprietary funds, PNB now manages some RM271 billion, about 15.6 per cent of the country’s capital market.
 
PNB is also able to maintain a competitive income distribution rate to investors with an income distribution of RM12.88 billion last year.
 
Meanwhile, Idris said taking into account the multiple account holders, the rough estimate showed that over 48.66 per cent of residents in Melaka were unitholders of Amanah Saham Nasional Bhd (ASNB).
 
Idris also said he would propose that all students of the primary and secondary schools in Melaka invest at least the minimum amount of RM10, which will be given free 10 units by PNB until December 31 this year. — Bernama
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ASB2 breaches RM1 bln since its launch on April 2
« on: September 02, 2014, 12:40:23 AM »

Online DR KIM

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Re: ASB2 breaches RM1 bln since its launch on April 2
« Reply #1 on: September 02, 2014, 01:02:49 AM »
the return is  consider 'chickeenfeed'  6 - 7  %  VS  the inflation rate  of   around  5 %...

whatever it is  ,,,,it's  still the unit trust ....opppp  not  really since the price can't  go below  RM 1.00,,,,,

is  OK  to those  NO @ lack   knowledge in te stock market ,,,,

##  BUT  once  you  got the solid  angpows @ jackpot  from the stock market  , then  BYE  BYE  to  the snail phased peanut  'unit  trust ' ....

it's no point  giving your money to other to invest....

BE  A  MACHO @ SMART    , you yourself better do it  ,  is  the best  !!,,,,

STOCK  MARKET  is  the  BEST  BET  for  solid  angpow  , even jackpot  :thumbsup:

Offline zigzag

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Re: ASB2 breaches RM1 bln since its launch on April 2
« Reply #2 on: November 02, 2014, 08:56:49 PM »
the return is  consider 'chickeenfeed'  6 - 7  %  VS  the inflation rate  of   around  5 %...

whatever it is  ,,,,it's  still the unit trust ....opppp  not  really since the price can't  go below  RM 1.00,,,,,

is  OK  to those  NO @ lack   knowledge in te stock market ,,,,

##  BUT  once  you  got the solid  angpows @ jackpot  from the stock market  , then  BYE  BYE  to  the snail phased peanut  'unit  trust ' ....

it's no point  giving your money to other to invest....

BE  A  MACHO @ SMART    , you yourself better do it  ,  is  the best  !!,,,,

STOCK  MARKET  is  the  BEST  BET  for  solid  angpow  , even jackpot  :thumbsup:

I thought ASB can fetch around 9% of dividend per year?
This rate is very very good already.
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Re: ASB2 breaches RM1 bln since its launch on April 2
« Reply #2 on: November 02, 2014, 08:56:49 PM »