Following the Sukuk Simpanan Rakyat, the government again announces for the additional units of Amanah Saham Malaysia (ASM) and Amanah Saham Wawasan 2020 (ASW2020). The additional 3.3 billion units of ASM can be subscripted on 21 April 2009 onwards, and the additional 2 billion units of ASW2020 will be available for subscription on 27 April 2009 onwards.
These two funds are different from the other normal unit trust funds, where their NAV is always RM1.00. The minimum initial investment will be 100 units and the maximum investment per pax is 20,000 units. Both funds are equity funds, but the risk is much lower than the other normal unit trust funds, as they are “guaranteed” by the government. ASM has delivered a per unit income distribution of 6.75 sen, 6.8 sen and 7.8 sen while ASW2020 gave a per unit income distribution of 6.8 sen, 8 sen and 7 sen for years 2006, 2007 and 2008 respectively. So, the average returns for these funds are ranged 6% to 8%.
ASM and ASW2020 can be bought at all the ASNB offices, Post Office, Maybank, CIMB Bank and RHB Bank.
For detailed information, can refer to http://www.asnb.com.my/.
For ASM: http://www.asnb.com.my/asm.htm
For ASW2020: http://www.asnb.com.my/asw.htm
These two funds are different from the other normal unit trust funds, where their NAV is always RM1.00. The minimum initial investment will be 100 units and the maximum investment per pax is 20,000 units. Both funds are equity funds, but the risk is much lower than the other normal unit trust funds, as they are “guaranteed” by the government. ASM has delivered a per unit income distribution of 6.75 sen, 6.8 sen and 7.8 sen while ASW2020 gave a per unit income distribution of 6.8 sen, 8 sen and 7 sen for years 2006, 2007 and 2008 respectively. So, the average returns for these funds are ranged 6% to 8%.
ASM and ASW2020 can be bought at all the ASNB offices, Post Office, Maybank, CIMB Bank and RHB Bank.
For detailed information, can refer to http://www.asnb.com.my/.
For ASM: http://www.asnb.com.my/asm.htm
For ASW2020: http://www.asnb.com.my/asw.htm
Personally, I should say these funds are suitable for those who do not want to bear the high risk as normal unit trust funds. Their return is almost same as the normal moderate risk unit trust funds, and they are much more stable. The difference is very obvious when we compare the return of ASM/ASW2020 with the normal unit trust funds for year 2007 and year 2008. In 2007, most of the normal equity funds give return of 40%-60% in a year, while ASM and ASW2020 give return of 7%-8% in a year. In 2008, there is the economy crisis and most of the share markets drop. Normal equity funds suffer loss of 20%-30% in a year generally, but ASM and ASW2020 still give return of 6%-7%.
So, depends on yourself, see which funds are suitable for you. For those who are thinking to invest in low risk funds like bond funds, this is actually a much better choice. Although ASM and ASW2020 are equity funds, their risk is as low as bond funds (or I can say their risk is lower than bond funds), and their return is definitely higher than bond funds. The only drawback is, you need to queue in the post office or banks to buy the units. However, recently the market is so bad, there is not many people actually queuing for these funds. In old days, 1 billions unit of ASW2020 can be sold out within half an hour countrywide. If you’re interested to have it, just go to the said banks to grab it.
2 comments:
There is 0.9billion allocated for Chinese and all these units have been sold out yesterday afternoon...if you are interested to invest in these funds, grab it in next Monday morning fast as only 0.95 billion units of ASW2020 allocated for non-bumiputra.
Today the ASW2020 has been sold out around 12pm. For those who wants to buy but can't get it this time may wait until July. If the bumiputra portion of the ASM still available then, maybe it will be opened for non-bumi.
Post a Comment