ASM - 1.6 billion units up for grabs

Written on July 17, 2009 – 12:48 am | by Kampung Boy |

Our government seems to be quite generous of late. Permodalan National Bhd (PNB) will offer the remaining 1.6 billion Amanah Saham Malaysia (ASM) units for Malaysians. Those interested can start subscribing to ASM beginning from July 21st 2009.

Will there be limit?

All account holders will be entitled to 20000 units maximum from 21-27 July 2009. The limit will be void after the offer period.

Worrying fact about ASM

Latest ASM report states that 296 individuals is holding a massive 264 million units. Average of 893068 units per person. I am wondering how did they get hold of so many units?

Banks reserving units for clients

It might not pay if you go early to ASM counters to purchase units as some reports states that banks reserved certain amount units for the “special” clients. That’s why all units are sold out in a nick of time. In short, that’s cheating.

Never below then 5%

If i am not wrong, from the day ASM was launched, the return from this unit trust has not gone below 5%. So it’s a good way to diversify our portfolio to out do FD or even EPF.

Once again, get your cheque books ready for this. I am sure there will be long queue at counters for ASM. Good luck for those queuing for this fund.

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