Wednesday, August 5, 2009

1Malaysia trust fund



Today, Malaysians have a chance to invest in newly launched 1Malaysia trust fund by Amanah Saham Nasional Berhad. The fund has size of 10 billion, minimum 100 units and max 50k.

It has allocated 50 per cent of the shares for Bumiputras, Chinese (30 per cent), Indians (15 per cent) and the remaining five per cent to other minority ethnic groups. The quota-based share subscription is fixed for 30 days until Sept 3. Thereafter, the unsold units will be opened to all races.

Metzelder says:

Some parties raised question about return of the fund, as my onward observation this fund is going to perform well and return high interest to buyers. For example ASW 2020 and ASM have annual dividen of 5 to 7 sen.

Besides that as part of government approved trust fund, the risk is minimal.