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Amanah Saham 1Malaysia or in short AS1M is launched on 31st July 2009. It is PNB latest product that will be launched in the market. AS1M has similarity as ASW 2020 (ASW 2020) and Amanah Saham Malaysia (ASM) which is a fixed priced fund at RM 1.00

For those old birds investing in previous PNB products like ASM and ASW 2020, i am pretty sure you all know what to expect. For those new birds, below are the things you should know before starting to invest in Amanah Saham 1Malaysia :-

How many units will be offered?

As we know AS1M is a RM 10 billion fund. So basically 10 billion units will be available for the public to invest in this fund as one unit is RM 1.00

Where will AS1M invest?

AS1M will concentrate their investment in local equities and other investable instruments

What kind of investors is suitable for such investment?

As we know, AS1M projects consistent returns over the long term. Middle and long term investors are encouraged to invest in this fund.

When will be AS1M be available?

It will be available from August 5th 2009.

Will there be a limit for me to invest?

For the first 30 days, the maximum investment will be capped at RM 50k per person for those aged 18 to 55 while RM 100k per person for those 55 and above.

Will there be race quota?

Yes there will be a race quota for initial period of the subscription and will be opened to all after September 3, 2009

Is it distribution guaranteed?

AS1M does not provide distribution guaranteed for all share holders

When is the Financial year end for AS1M?

For AS1M, the financial year ends on 30th September every year. So basically you will receive your distribution after 30th September every year if there is any.

You might want to try some first

As you know AS1M is a new fund and we really wouldn’t know how it will perform compared to other trust fund by PNB. So my advice is try some first and don’t put all into one basket. Diversify your funds in a few PNB products like ASM or ASW 2020.

AS1M most likely won’t disappoint

As we know, our PM is crazy about One Malaysia. This fund is also name after it. I am pretty sure this fund most likely won’t fail to perform as it’s his aspiration

Projected returns for AS1M

I am projecting a 5% to 7% return for this fund as 95% of this fund is concentrated on the local equity market. As we know, equity market provides the highest return in investment and also the highest risk as well.

Conclusion

For those that don’t have any exposure to this kind of PNB products, i think it’s a good opportunity for all of you to invest some money in there. The chances are good as fixed price funds by PNB usually will out do fixed deposit and EPF returns.

For me, i am kind of lazy as this kind of products as PNB products usually will have good response. I am lazy to queue at the counter to get my hands on As1M. Maybe ill change my mind. We shall see. Anyway good luck for those gunning for this fund as early birds catches the worm!

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