Unit trust management company wholly owned by Permodalan Nasional Berhad, Amanah Saham Nasional Berhad has declared the total amount of income distribution for financial year ending 31 March 2024 of RM2.00 billion.
The distribution will be for two fixed price funds namely Amanah Saham Bumiputera 2 (ASB 2) and Amanah Malaysian Stocks (ASM). Notably ASB 2 declared the total income distribution payment amounting to RM0.67 billion, equivalent to 5.25 cents per unit to 552,297 unit holders who currently own 12.73 billion units, while ASM declared a total income distribution payment of RM1.33 billion, which is equivalent to 4.75 cents per unit to 699,807 unit holders with a holding of 28.05 billion units.
Till March 25, 2024, ASB 2 recorded realised net income of RM659.95 million, while ASM recorded RM1,416.01 million. ONB said both funds have earned income through realised income and dividends from domestic and international investment during an uncertain inflationary environment as well as doubts about the growing economic recession. Both funds have also been derive returns from portfolio diversification strategies in other asset classes such as real estate and private investment, with an emphasis on fixed income instruments that provide stable recurring income to both funds.
The income distribution of ASB 2 and ASM is equivalent to a total return of 5.25% and 4.75% respectively, both outperforming the Fixed Deposit benchmark.
