Friday, July 31, 2009

Amanah Saham 1 Malaysia (AS 1Malaysia) is Launched!

Our Prime Minister, Dato Seri Najib announces that there will be another funds being launched and managed by PNB (Permodalan Nasional Berhad) during his 100th day as Prime Minister. The fund is called Amanah Saham 1 Malaysia (AS 1Malaysia). Today, the fund has been launched. Total of 10 billion unit with RM1.00 each will be sold through all the agents bank on 5 August.

There is a quota of 50% allocated for Bumiputera, 30% for Chinese, 15% for Indians, and 5% for others during the first 30 days. There is no quota after the period. The agents bank that distribute the fund are CIMB Bank, Maybank, and RHB Bank. Besides, the fund is also distributed by Pos Office and all the ASNB offices.

There is still no any official information published in ASNB website yet, but it has been announced that, the fund is fixed at RM1.00, same as ASM or ASW2020. Thus, it is expected that the return of this fund should be similar with the ASM and ASW2020. More information will be added here when there is official information published.



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ASNB has announced the prospectus of AS 1Malaysia. The unit price of AS 1 Malaysia is fixed at RM1.00. According to the Guideline of Unit Trust, this fund is not a capital protected fund. However, as the price is fixed at RM1.00, in fact the fund is capital guaranteed.




The prospectus of AS 1Malaysia can be downloaded here, http://www.asnb.com.my/prospectusall.htm

8 comments:

NiCoLe said...

Thanks for ur useful info!
=)
must buy chinese quota cos after august i'll leave msia dy

leekk8 said...

Nicole, then you have to grab this fund on 5th Aug. Anyway, this fund should be easier to get, as the size is quite big, 3 billion for chinese...and most of the chinese just bought the ASM last 2 week :)

John said...

Erm then izzit same as ASN, which is capital protected?

leekk8 said...

Yes, as AS1M price is fixed at RM1.00, so it should be capital protected...

KeeMan said...

Bought 10k for this. Could have bought more if i didn't topup on ASM. Anyway, not a bad idea to diverse the portfolios.

leekk8 said...

KeeMan, what a rich guy... :) Yes, it's good we diverisfy our portfolio...although all these are gov funds, we still diversify to lower the risk and optimize the return...

KeeMan said...

Not rich lah...using all the money i saved for years...hahaha. It's hard to discipline ourselves to save but have to lah.

leekk8 said...

Haha...KeeMan, you're right, it's very hard to discipline overselves to save...that's why we must force ourselves to save and invest periodically :)