Thursday, November 27, 2008

One billion new units of ASW 2020

Hurry up and subscribe now! - Azmi Shahrin

One billion new units of ASW 2020

The Star

KUALA LUMPUR: Amanah Saham Nasional Bhd (ASNB), a wholly-owned subsidiary of Permodalan Nasional Bhd (PNB), yesterday opened for subscription one billion new units of Amanah Saham Wawasan 2020 (ASW 2020).

To ensure fair distribution to the investing public, a maximum limit of 10,000 units has been set per account holder during the offer period ending Dec 3.

The maximum investment limit would be void after the offer period, it said in a statement.

With the additional units, the fund size of ASW 2020 would increase to 10.42 billion units.

ASW 2020 was launched on Aug 28, 1996, with an initial fund size of three billion units.

ASW 2020 is a fixed priced unit trust open to all Malaysians aged six months and above, subject to a quota of 51% for bumiputras and 49% for non-bumiputras.