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ASM and ASW 2020 to Launch New Units for 2009

Posted in Malaysia Investment, Malaysia Mutual Fund & Unit Trust, Malaysia Personal Finance |

Yup, if my memory serves me right, Amanah Saham Wawasan (ASW2020) did not issue any new units in the year 2008. I only remembered them declaring distribution last year.

So, the news is out that PNB will be launching 3.30 billion units of (Amanah Saham Malaysia) ASM effectively today and 2 billion units of ASW2020 on 27th April.

(BERNAMA) Permodalan Nasional Bhd (PNB), the country’s biggest fund manager managing RM76 billion worth of funds, will offer 3.33 billion new units of Amanah Saham Malaysia (ASM) and two billion Amanah Saham Wawasan 2020 (ASW 2020) units, Prime Minister Datuk Seri Najib Tun Razak announced today.

He said the units would be sold from tomorrow at all the 1,500 agents and Amanah Saham Nasional Bhd offices country-wide while the ASW 2020 units can bought from April 27.

Each investor can buy a maximum of 20,000 units in the two schemes.

The announcement on the new unit trusts offer, which would enable more Malaysians to participate in the capital market, was made by the prime minister when launching the 2009 Malaysian Unit Trust Week here.

The unit trust week, an annual event, is to boost awareness and understanding on investment and importance of planning one’s finances.

This is the track record for ASW2020:
ASW2020 return for 2001 – 7.25%
ASW2020 return for 2002 – 7.25%
ASW2020 return for 2003 – 6.60%
ASW2020 return for 2004 – 7.00%
ASW2020 return for 2005 – 7.10%
ASW2020 return for 2006 – 6.80%
ASW2020 return for 2007 – 7.10%
ASW2020 return for 2008 – 7.00%

Track record for ASM
ASM return for 2008 – 7.80 sen
ASM return for 2009 – 6.25 sen

Since everyone’s entitled to only 20,000 units, there’s no need to prepare your camping gear. I am not sure how it works with the entire distribution outlets, but it’s not a good idea to bring too much cash while queuing up for these funds, especially in such difficult times. You could just easily ‘lose your entire capital’ even before you bought into them.

Alright, happy investing to all my dear readers!





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  • http://encikwan.com encikwan

    Anyone know reason(s) returns from ASM funds are very stable, e.g. always greater than fixed deposit interest rates?

  • Madof

    could it be Madoff scheme ! Ha Ha

  • Ken

    Yowchuan, you are wrong about for the no need to prepare camping gear. As i went to KLCC RHB and they told me the units allocation for them all sold out in 1.5 hours.

    so anyone still know which bank still have the ASM?

    next monday will go in the early morning to queue for ASW2020.

  • http://www.meshio.com yowchuan

    Whoar… no time to even setup camp!?

    How about putting a fake signage “No ASW 2020 Sold in this Branch, from the Manager”?

    Haha…I'm just kidding!

  • http://encikwan.com encikwan

    ASM funds behave like high yield capital protected funds. I do not think there is such alternative in Malaysia. If you need capital protection and annual payout, queueing is 'unavoidable'. Otherwise if you worry about inflation and currency devaluation which could be greater than 7% in the coming years, then there are other alternatives.

  • Ken

    Today, queue for the ASW2020 at KLCC RHB since 9.30am and I was the 30th in the line. 10am open and wait till 11.30am only manage to get my portion.

    Unfortunate for my wife who queue at the Jalan Ampang RHB since 9am got the number of 29 but their process is totally unacceptable. Why? Here is the story:
    1. the Bank officer told her that their bank only have 30 new account book.
    2. all the new application is not process immediately even you are on the front line. as the bank officer will take in the phone and process it one by one manually to check this and that. so new applicants have to wait.
    3. on the other counters were open for all the existing ASW book holder by just top up their investment which is very fast even those people who queue at the back got their share portion.
    4. end up that my wife turn (around 2pm, imagine from 9am till 2pm) due to the slow process of RHB bank officer and announced that no more unit available for chinese portion.

    WTF of the slow and ineffective services!!

  • foong

    Would there be any crowding out effect after the RM5 billion raised from citizen? As the gov't is now encouraging people to spend, this maybe an offsetting effect to the stimulus package.

    what do you think?

  • joe

    y not try others bank?
    if pbank have ..sure the faster in services….
    just now went ot cimb.heard tat the asw2020 end around 11am..
    last week..when to cimb for asm stil able to queue.but not able to buy…
    all reserved to non-bumi.finished.

    for reserved for bumi..will be open if stil available soon..so just wait for it.

  • Sam

    There was no quota for indians in w2020 today, as was done in asm. The shares were snapped up by 12 noon. What a shame. The govt should allot a portion of these pnb shares for the different races to be fair.

  • cba6p

    Hi, I am not interested at all. With additional 4.5% return (FD, 2.5%), you gotta waste one whole day and carry with you the cash. Besides, is the return guaranteed? Capital secured?

  • Ng

    hi, guys, l starter to queue at 7am, n l queue no 2, but the MBB officer put my no at 11, l waited till 11.30am then the bank announced ASW finished quota, so l didn't manage to get anything, very upset w the bank officer.

  • http://www.astronomynotes.net Robin Lee

    It was sold out so quickly. By the way, shouldn't the government encourage the people to spend more instead of keeping the money? Why is Malaysian government doing the adverse way? Is it related to our market which is more focus on the local?

  • http://www.meshio.com yowchuan

    Looks like the government is trying to raise cash. Even in the local bourse we are seeing a very 'unnatural' rally.

    Maybe it's a litmus test by the government to check the liquidity of the Malaysian ringgit. At least with these bond (Sukuk Simpanan Rakyat) and ASM/ASW2020 units, we won't see the money vaporized into thin air.

    I am not too confident with the current share market though. A correction can just wiped off millions of ringgit, especially from novice investors who are joining the 'fake recovery'.