PETALING JAYA: Amanah Saham Nasional Bhd (ASNB) has declared income distributions of 4.75 sen per unit and 4.2 sen per unit for fixed price funds Amanah Saham Bumiputera 2 (ASB 2) and Amanah Saham Malaysia (ASM), respectively.
This represents an annual total return of 4.75%, with a total income distribution payout amounting to RM519mil to 439,543 unit holders of ASB 2.
On the other hand, ASM recorded a total annual return of 4.25%, with total income distribution amounting to RM868.8mil to 553,188 unit holders.
ASNB, a wholly owned unit trust company of Permodalan Nasional Bhd (PNB), has also declared income distribution to three variable price funds at 3.25 sen per unit to 89,327 unit holders of ASN Equity 3,3.50 sen per unit to 86,426 unit holders of ASN Imbang 2, and 4.55 sen per unit to 69,872 unit holders of ASN Sara 1, with a total income distribution payout for the three funds amounting to RM228.7mil.
The income distribution for the five funds is for the financial year ending March 31,2020.
In a statement, PNB said the returns of the five funds exceeded the benchmark return of 2.6% recorded by the Maybank 12-month fixed deposit during the same period.
Additionally, the performance of the ASB 2 and ASM funds had surpassed the FBM KLCI price return as at March 27,2020 by 23.05% and 22.55%.
Given the current unprecedented conditions, PNB cautioned that investors will continue to see companies facing earnings pressure and this will not only be confined to the Malaysian market, but globally as well.
“While the economic impact from current events will be widely felt, as an investor with a longer-term horizon, the expectation is for the market to recover over the medium and longer run, after establishing a new normal.
“In adapting to these changes, PNB is focused on tapping into the prospects offered by the market mispricing to ensure that it will be able to ride through this volatility.
“PNB will continue to build the resilience of its investment portfolio amidst this highly volatile market backdrop as its investments undergo a rigorous evaluation process, and as the investment recommendations go through a multi-layer governance process.
“This is to ensure PNB’s portfolio comprises well-managed companies that can ride through the market cycles, ” said PNB.
The distribution declared for the five funds will be reinvested as additional units into the accounts of unit holders and will be automatically credited into unit holders’ accounts on April 1,2020.
Transactions for the five funds have been temporarily suspended from March 25 to 31,2020 to facilitate the computation of income distribution.
While ASNB branches are currently closed in adherence to the movement control order, unit holders can check and update their accounts via the ASNB portal www.myasnb.com.my, or via the myASNB mobile application.
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