ASNB declares income distribution for three funds

KUALA LUMPUR, Amanah Saham Nasional Bhd (ASNB), the wholly-owned unit trust company of Permodalan Nasional Berhad (PNB) has announced a five sen income distribution for Amanah Saham Malaysia 3 (ASM 3), 3.75 sen for ASN Equity 5 and 4.20 sen for ASN Sara (Mixed Asset Conservative) 2 for financial year ending Sept 30, 2019.

PNB Group Chairman Tan Sri Dr Zeti Aziz said the ASM 3 will pay out a total income distribution amounting to RM670.5 million to 496,705 unit holders who hold over 13.6 billion units while RM15.1 million for ASN Equity 5 and RM46.6 million for ASN Sara 2.

PNB is pleased that our efforts to accelerate our asset diversification, including greater exposure into global assets, to mitigate the challenging domestic equity market have supported the performance of all three funds, she said in a statement today.

She added that despite the current market conditions, PNB continues to see an increase in the number of its units in circulation across 14 funds, with ASN Sara 2 successfully attracting 27,804 unit holders who subscribed for 1.1 billion units just one year after its launch.

This is a reflection of the trust that the unit holders have placed in PNB, which we will always strive to uphold, she said.

Zeti added that the two variable price funds, ASN Equity 5 and ASN Sara 2 were introduced last year, to cater to different categories of investors with varied risk appetites.

ASN Equity 5 is an equity growth fund that caters to the younger generation of investors that aim for higher growth in capital and net worth, seeking to generate a reasonable level of capital appreciation and income distribution through a diversified investment portfolio.

Meanwhile, ASN Sara 2 is a mixed asset conservative fund tailored for more mature and risk-averse investors who prefer a steady income stream with long-term growth potential, she said.

Source: BERNAMA (News Agency)