ASW 2020 Units For Non Bumiputeras Taken by 11.50am today !


April 27, 2009 17:08 PM

All 980 Mln ASW 2020 Units For Non Bumiputeras Taken

JOHOR BAHRU, April 27 (Bernama) — All the 980 million Amanah Saham Wawasan 2020 (ASW 2020) units for non Bumiputeras, from the total 2.0 billion units allocated under the fund, were fully taken up by 11.50 this morning.The sales of the ASW 2020 units began at 8.00 am today at the Amanah Saham Nasional Bhd (ASNB) offices and Pos Malaysia offices nationwide, and at 9.15 am at ASNB agents namely Maybank, CIMB Bank and RHB Bank.

The latest ASW 2020 offer was based on a quota of 51 percent for Bumiputeras and 49 percent for non Bumiputeras.

“The response this time around was even better,” the President and Group Chief Executive of Permodalan Nasional Bhd (PNB), Tan Sri Hamad Kama Piah Che Othman, told reporters after the closing ceremony for the Minggu Saham Amanah Malaysia (MSAM) 2009 investment week here today.

Interested subscribers for the ASW 2020 were seen lining up at the main ASNB counter in Jalan Tun Razak in Kuala Lumpur as early as 4.00 am today in order not to miss the chance of subscribing to the unit trust fund.

It was the same scenario at ASNB’s office in Kuching, Sarawak and the venue of the MSAM investment week here where potential investors lined up to buy the shares.

On the possibility of PNB increasing the size of ASW 2020, Hamad Kama Piah said: “For now, we will see first. We need to focus on ensuring that each investment brings in good returns. That is the reason why we want to balance up our portfolio and ensure the optimisation of the portfolios.”

ASW 2020 is a fixed-price unit trust fund opened to all Malaysians aged six months and above.

It was first launched in August 1996 with a fund size of 3.0 billion units. Its current size stands at 12.42 billion units.

Meanwhile, PNB Chairman Tun Ahmad Sarji Abdul Hamid in his speech said that as at March 31, 87 percent of PNB unit trust fund holders held less than 10,000 units in their trust funds.

The average investment of each investor currently is at 9,338 units, he said.

“PNB will continue to work towards increasing the investment of each of its unit trust fund participant, and the average being aimed at is 15,000 share units for each shareholder, which is a realistic target,” he said.

As for the MSAM 2009 event here, a total of 156,000 visitors have been estimated to have attended the week-long event which was officiated by Prime Minister Datuk Seri Najib Tun Razak on April 20.




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