The much-awaited Amanah Saham 1 Malaysia will be launched on August 5. It is the biggest trust fund to date in Malaysia with 10 billion units going for RM1 per unit.
Distribution of the Amanah Saham One Malaysia Units
To ensure that the units were fairly distributed, 50% of the units are allocated to Bumiputras, 30% to the Chinese, 15% to the Indians and 5% to other races for the first 30 days of sale from Aug 5 to Sept 3. During this period, the maximum investment for an investor below 55 is 50,000 units, while investors above 55 can purchase a maximum of 100,000 units.
After the sale period, all unsold units will be available for sale to all Malaysians regardless of race and investment amounts.
Units can be purchased at ASNB offices and post offices from 8am to 5pm from Aug 5, and at Maybank, CIMB Bank and RHB Bank during the operating hours of the banks.
July 31st, 2009 at 5:19 pm
Do you know how much return? Is it the same with previous ASN?
August 18th, 2009 at 11:06 am
Hi, as it is a new fund, there isn’t much history on the returns. However, based on the reports, the returns should be similar to the previous ASB funds.