A large number of investors missed out on the previous launch of the Amanah Saham Malaysia fund as it was done within a really short time frame and right after the Sukuk Bonds were launched. It doesn’t help that the non-Bumiputra portion of the fund often gets sold out in less than 2 hours nationwide!

If you were one of those who lost out on the previous Amanah Saham Malaysia subscription, fret not because the government is opening up unsold Bumiputra lots for subscription by non-Bumiputra investors!

Permodalan Nasional Bhd (PNB) will offer the remaining 1.6 billion Amanah Saham Malaysia (ASM) units, including those initially set aside for bumiputras, for subscription by all Malaysians from July 21. (source)

Sales of the units will be launched on July 21st and available on a first come first served basis. Between the offer period of July 21st to July 27th, investments are capped at 20,000 units per person. If there are any remaining units after July 27th (which is unlikely!), no maximum limits will be imposed.

If you are interested, get your funds ready by July 21st so you don’t miss out on this investment! Previous dividend payouts for this fund averaged 7.8 cents to 6.25 cents per unit in 2008 and 2009, respectively. Still an improvement over fixed deposit rates!