PNB’s assets under management reached RM322.6b in FY20

by NUR HANANI AZMAN/ FILE PIX

PERMODALAN Nasional Bhd (PNB) has successfully grown its Assets Under Management (AUM) by 3.4% from RM312.0 billion in the financial year ended December 31, 2019 (FY19) to RM322.6 billion in financial year ended December 31, 2020 (FY20).

Units in Circulation (UIC) for all 15 funds also rose by 4.0% to reach 264.0 billion units, as it welcomed more than 200,000 new account holders during the year, taking the total number of accounts to 14.5 million.

PNB group chairman, Tan Sri Dr Zeti Aziz said the year 2020 was the most tumultuous in its history but significant payoffs were gained from the transformative strategies that were implemented since 2018.

She said PNB has managed to weather the highly challenging investment climate and was able to deliver three encouraging achievements in 2020.

“We sustained a relatively resilient financial performance, made significant progress in our portfolio diversification efforts and further improved our unit holders’ experience and value, particularly on the digital platforms.

“As a result, PNB has successfully increased our AUM to RM322.6 billion and continued to deliver competitive returns amounting to a payout of RM11.1 billion during the year,” she said during the virtual media briefing.