PETALING JAYA: Amanah Saham Nasional Bhd (ASNB), the wholly owned unit trust company of Permodalan Nasional Bhd (PNB), has announced the income distribution for its variable price fund, ASN Imbang (Mixed Asset Balance) 1, for the financial year ending Nov 30,2019, declaring an income distribution of 4.25 sen per unit amounting to a total income distribution of RM55.53mil.
This translates into a dividend yield of 4.51% based on the net asset value of the fund as at Nov 27,2019, PNB said in a statement.
Group chairman Tan Sri Zeti Akhtar Aziz said in the statement: “The domestic equity market has continued to be affected by increased uncertainties following developments on several fronts, in the international and domestic environments.
“As at Nov 20,2019, the FBM KLCI posted a year-to-date return of -5.3% compared to -5.9% for the same period in 2018. Inevitably, the performance of ASNB unit trust funds would be affected by these developments.
“While the challenging global economic climate is expected to persist, PNB remains committed to delivering the investment objective of the fund to generate reasonable returns through a balanced and diversified portfolio of investment.”