Finance

1Malaysia trust fund (2)

8/08/2009 Metzelder Siow 0 Comments

Pemodalan Nasional Berhad (PNB) on Friday announced that a total of 1.4 bil Amanah Saham 1Malaysia (AS 1Malaysia) had been subscribed in two days after being launched.

The subscription rate is within target as this fund has a large size dan impose limit of 50,000 units for those below 55 years and 100,000 units for above 55.

ASW 2020 and ASM uses 3-month Kuala Lumpur Inter Bank Offer Rates (Klibor) as level indicator, be in average levels 3.07 percent since 10 years ago.

AS 1Malaysia also use average return 5 year Malaysian Government Securities which now giving returns about 3.72 percent.

Since year 2000, ASW 2020 announced income distribution between 6.6 percent and 8.8 percent, while Klibor also be in level between 2.5 percent and 3.6 percent. While ASM also by consistent give income distribution between 6.25 percent and 7.8 percent.

Eager investors:The crowd lining up to buy AS 1M units at the Kuala Lumpur Post Office.

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