KUALA LUMPUR – Amanah Saham Nasional Bhd (ASNB), Permodalan Nasional Bhd’s (PNB) wholly-owned unit trust company, has announced an income distribution payout of RM681.96 million for its fixed price fund, Amanah Saham Malaysia 3 (ASM 3), for the financial year ending September 30, 2023.
The payout benefitted 563,460 unitholders who currently own 15.2 billion units of the fund.
PNB said the income distribution of 4.50 sen per unit outperformed the benchmark Maybank 12-month fixed deposit return of 2.86% by 164 basis points for the financial year to date up to September 27, 2023.
“The fund recorded a net realised income of RM653.88 million as of September 26, 2023,” it said in a statement today.
PNB said the income for ASM 3 was derived from realised gains, dividends and other income from domestic and international investments.
“The fund continues its diversification strategy as the local equity market benefits from the return of foreign investors’ confidence and as the global market experiences positive returns on the back of the generative artificial intelligence revolution,” it said.
PNB noted that ASM 3’s income distribution computation was based on the average minimum monthly balance held throughout the fund’s financial year.
“The distribution declared by ASM 3 will be automatically re-invested as additional units into unit holders’ accounts on October 1, 2023.”
It also said that ASM 3 transactions at ASNB branches and agents, including all online channels and internet banking, have been temporarily suspended until September 30.
“Unitholders may resume transactions at myASNB portal, via myASNB mobile application on October 1, 2023, at any ASNB branches or its agents nationwide starting October 2, 2023,” it added. – September 29, 2023