Permodalan Nasional Berhad and its unit trust arm Amanah Saham Nasional Berhad announced income distributions for its main fund, Amanah Saham Bumiputera for the year with a total income distribution of 5.00 sen per unit including an income distribution of 4.25 sen per unit and bonuses as much as 0.75 cents per unit.
This total income distribution payment will be RM8.9 billion benefiting 10.4 million ASB unit holders, making the total distribution accumulated income and ASB bonuses since first introduced in 1990 to a total of RM168.5 billion. According to statements, ASB recorded a positive performance despite the volatile financial market conditions, managing to maintain a competitive income distribution, surpassing its benchmark namely a 12 -month Fixed Deposit rate which recorded a rate of return of 1.85%.
Units in ASB Distribution increased to 181.2 billion this year while the number of unitholders increased by 200,000 bringing its total to 10.4 million.
PNB Group Chairman, Tun Arifin Zakaria said,” Stronger global equity investment performance has successfully mitigated market impact challenging the domestic front. This shows the importance of deep diverse strategies in managing portfolios to generate sustainable returns. ”
ASB’s international investment allocation increased from 5.9% in 2020 to 8.2% this year whilst international public equity contributed 30.7% to gross income in 2021 compared to 24.2% last year. The income distribution rate of five cents per unit is 315 basis points higher than the current 12-month Fixed Deposit rate at 1.85%, ”added Tun Arifin. Total ASB accounts increased by nearly 200,000 to 10.4 million, while units in circulation increased by 7.4 billion or 4.3% to 181.2 billion units.
PNB Group President & Chief Executive Officer, Ahmad Zulqarnain Onn said, “Although, faced with a challenging environment, we are pleased to find a number of Malaysians who invest with us, as well as the number of their investments, continue to increase.
For the first 11 months of the year financial, total assets Under Management (AUM) PNB increased by 4.9% to RM338.4 billion, reflecting the continued trust by its unitholders. In strengthening its Focus 4 strategy this year, PNB has made progress significant in three focus areas namely creating value in portfolio performance domestically, pursuing diversification efforts into global markets through asset classes different, and accelerating service improvement through digitisation