PNB launches ASN sukuk, minimum investment of RM10 | Popgen Tech

PORT DICKSON: Amanah Saham Nasional Bhd (ASNB), a unit trust management company wholly owned by Permodalan Nasional Bhd (PNB), today launched a fixed income unit trust fund, ASN Sukuk, together with the Malaysian Unit Trust Week (MSAM) 2022.

PNB group chairman Tun Arifin Zakaria said the new floating rate fund focuses on investing in a diversified sukuk portfolio with 80 to 99 percent of the net value of the its assets (NAV) exposed to the asset class, including Government Investment Issues (GII).

He said the move to introduce its first sukuk fund was in line with the PNB group’s effort to expand its range of product offerings to cater to the growing needs of Malaysian investors. , especially risk averse investors seeking medium to long term sustainable income.

“ASN Sukuk targets investors who approve of the risk that favors stable and sustainable income in the medium to long term.

“With the latest addition, ASNB now offers products ranging from fixed price funds, equity funds, mixed asset balance and conservative funds and a fixed income fund,” he said when he led the launch of the MSAM here today.

ASNB chief executive officer and executive director Muzzaffar Othman said the features of the new fund include a minimum investment of RM10 with an additional investment as low as RM1.

He said that from tomorrow, investors will be able to subscribe online for ASN Sukuk through the myASNB portal and mobile app, the internet banking facilities of ASNB agents or through over-the-counter at -all ASNB branches and agents throughout the country.

“The initial offer price of the fund is set at RM1 per unit during the 21-day initial offer period until December 15, 2022,” he added.

Muzzaffar said that the ASN Sukuk is a product that is suitable for the current economic environment that is recovering from the effects of the COVID-19 pandemic.

“For now, we will launch ASN Sukuk to reduce risks, and this is the best time for people to start investing,” he added.

The seven-day MSAM 2022 event starts today, and participating companies include Maybank Bhd, Sime Darby Plantation Bhd and UMW Holdings Bhd.

The event is expected to see around 150,000 visitors and includes various investment education activities and exhibitions from PNB companies, ASNB agents, regulatory bodies and government agencies.

It also offers many attractive prizes totaling RM1 million to lucky visitors, including a Hyundai Kona e-Lite electric vehicle. – Bernama