ASNB declares RM1.18b income distribution for ASW 2020

Council member Tan Sri Zeti Akhtar Aziz told the press at Ilham Tower yesterday that the CEP had almost completed its task. (Filepic)

KUALA LUMPUR: Amanah Saham Nasional Bhd declared an income distribution of six  sen per unit for its fixed price fund Amanah Saham Wawasan 2020 for the financial year ending Aug 31, 2018.

ASW 2020 will distribute RM1.18bil in income distribution to more than 870,000 unit holders who own 19.6 billion units. 

As at end-July 2018, ASW 2020 recorded net income of RM1.179bil for the first 11 months of its financial year.

ASNB is a wholly-owned unit trust company of Permodalan Nasional Bhd.

PNB Group chairman, Tan Sri Dr Zeti Akhtar Aziz said: “Despite a challenging market environment throughout the fund’s financial year, PNB through ASNB's unit trust operations has been able to deliver sound and competitive returns to unit holders of ASW 2020. 

“PNB is committed to upholding its mandate to enhance the economic wealth of the Bumiputera community and Malaysians through investments that generate sustainable returns,” she said.

Overall, factors such as the geopolitical situation, the global economic environment and financial markets have greatly affected local stock market movements. 

During the first 11 months of ASW 2020’s financial year, the FBM KLCI recorded a growth of only 0.6%, from 1,773.2 on Aug 31,  2017 to 1,784.3 on July 31, 2018.

Zeti said as at July 31, 2018, ASW 2020 earned a total gross income of RM1.398bil.

Profit from sale of shares contributed RM718.76mil or 51.4%, while dividend income from investments in listed and non-listed companies accounted for RM468.50mil or 33.5% of the total gross income. 

The remaining RM210.80mil or 15.1% was from investments in sukuk/Islamic fixed deposit as well as interest income.