Permodalan Nasional Bhd (PNB) group chairman Tan Sri Dr Zeti Akhtar Aziz (left) and president and group chief executive Datuk Abdul Rahman Ahmad. - Bernama
KUALA LUMPUR: Permodalan Nasional Bhd (PNB) has launched two new funds under Amanah Saham Nasional Bhd that would be available for all type of investors.
The two funds will be offered under the variable pricing unit trust, which means the performance of the unit trust will depend on the investment portfolio.
PNB group chairman Tan Sri Dr Zeti Aziz said the two new variable price funds marked a major milestone for PNB.
“The previous variable fund launch was 15 years ago. These variable funds are available for all Malaysians,” she said at the launching ceremony.
This is the first official event for Zeti as the chairman of PNB. The former governor of Bank Negara reported her chairmanship position in PNB in July.
The two variable price funds would be known as ASN Equity 5 and ASN Sara 2.
ASN Equity 5 is an equity growth fund that caters to the younger generation of investors who aim for aggressive growth in capital and net worth, PNB said.
The fund would be investing 70% to 90% of its net asset value (NAV) in equities, while the balance would be in fixed income, money market instruments.
Meanwhile, ASN 2 is a mixed asset conservative fund that is tailored for risk-averse investors that want a steady income stream.
The fund would be investing 20% to 80% of its NAV in fixed income securities and money market instruments, and the balance invested in the stock market.
When PNB started, it only offered fixed priced unit trust, which means the price of a unit trust is fixed at the time of purchase until it is sold.
Limited time offer:
Just RM5 per month.
