1st September 2021 - 3 min read
Amanah Saham Nasional Bhd (ASNB), a subsidiary of Permodalan Nasional Bhd (PNB), has launched its first fund that focuses almost entirely on global equities. Dubbed the ASN Equity Global, this new fund is available for subscription starting today.
According to a statement released by PNB, the ASN Equity Global fund caters primarily to investors with a substantial risk appetite. This is because the fund employs a capital growth investment strategy with a high degree of exposure to international markets.
“True to its name, the fund will heavily focus on global public equities with an asset allocation of up to 99% as it adopts a strategy of investing in high quality international companies with strong growth prospects and companies that will benefit from global megatrends,” said PNB.
Depending on the channel that you use to subscribe to the new fund, the minimum initial investment and minimum additional investment amount required may differ – as you can see in this table:
|Subscription via ASNB and agent branches||Subscription via myASNB portal and mobile app|
|Minimum initial investment||RM10||RM150|
|Minimum additional investment||RM1||RM150|
Meanwhile, there is no limit to the maximum investment amount that you can put it. The prospectus also indicated that sales charge is set at a fee of up to 5% of the NAV per unit (for over-the-counter subscriptions) or 2% (for online subscriptions via myASNB portal and mobile app, or agent internet banking).
In launching the new ASN Equity Global fund, the group chairman of PNB, Tun Arifin Zakaria asserted that this marks another major milestone for PNB and ASNB as they continue to serve Malaysians by providing easy access to global markets at an affordable entry point. “Our comprehensive range of unit trust products now cuts across multiple geographies and fund categories, comprising conservative, balanced, and growth funds, allowing our unitholders to fulfil their financial and investment goals,” he said.
If you’re interested in tapping into this new fund, do take advantage of the ongoing initial offer period (IOP) that takes place between today until 21 September 2021. During this period, investors can subscribe to ASN Equity Global at the initial offer price of RM1 per unit on all channels. These include the myASNB portal and mobile app, ASNB branches and agents nationwide, as well as ASNB agents’ internet banking facilities. On top of that, ASNB is also offering an introductory deal with lower sales charge rate for all over-the-counter subscriptions between 1 September to 21 December 2021.
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