PNB launches new fund that focuses on global equities exposure

The fund is an option for investors who are inclined towards megatrend-based global investments and thematic stocks to generate long-term returns

by NUR HANANI AZMAN / Pic by TMR FILE PIX

PERMODALAN Nasional Bhd (PNB) has officially launched its latest unit trust fund, ASN Equity Global, the first Amanah Saham Nasional Bhd (ASNB) fund that focuses entirely on investment in global equities.

With the fund launch, PNB joins other government-linked investment companies like Retirement Fund Inc, the Employees Provident Fund and Khazanah Nasional Bhd to geographically diversify its investments options.

PNB president and group CEO Ahmad Zulqarnain Onn said this new concept and initiative introduced by ASNB provides an option for investors who are inclined towards megatrend-based global investments and thematic stocks to generate long-term returns.

As at Nov 15, more than 740 million units have been subscribed by more than 14,000 investors since ASN Equity Global was first offered on Sept 1, 2021.

He said the fund is heavily focused on global public equities with asset allocation of up to 99% in global equities on 60 major global stock markets.

In conjunction with Minggu Saham Digital 2021 (MSD 2021) which runs from Nov 17-23, ASNB is offering a waiver on sales charges for all investments over RM1,000 in any variable price funds through the myASNB portal and application.

The new fund was launched after ASNB’s first global fund, Imbang 3, received positive responses from investors with two billion units subscribed.

Ahmad Zulqarnain said PNB is focused on creating value and generating long term sustainable returns for its unitholders in line with its commitment to raise financial literacy standards through MSD 2021.

The event aims to empower Malaysians to make better decisions for their future as MSD 2021 provides an opportunity for investors in

particular and society at large, to understand how their investments in ASNB unit trusts contribute to the nation’s economy.

“MSD remains as PNB’s integrated financial platform to achieve this aim. We received about 2.2 million views for the inaugural MSD last year. This year, we hope to garner similar support,” he told reporters after the virtual launch of MSD 2021 yesterday.

The digital event, which is the second edition of MSD and an evolution from the exhibition-based Minggu Saham Amanah Malaysia.

This year, MSD participants stand a chance to win more than RM500,000 in prizes, including a Hyundai Kona sponsored by Sime Darby Bhd, a Toyota Yaris sponsored by UMW Holdings Bhd, a Perodua Ativa sponsored by Perusahaan Otomobil Kedua Sdn Bhd and Honda Dash 125 motorcycles sponsored by MIDF for the “Jom…Kira Duit” contest.

PNB group chairman Tun Arifin Zakaria said be it physical or virtual, the objective of MSD remains the same, which is to educate and instil awareness among Malaysians on the importance of financial planning from a young age.

“In PNB’s journey for over 40 years as an institution investment, we always support the mandate entrusted to us, namely creating economic prosperity for the Bumiputeras in particular and Malaysians in general,” he said.

Prime Minister Datuk Seri Ismail Sabri Yaakob, in a special appearance via a video conference, called on the public and private sectors to work together and complement each other in fuelling the digitisation of services and delivery to the people.

He believed with collaboration like this, Malaysia will step into the digital economy with confidence and readiness.

“Congratulations to PNB for not only fuelling the digitisation agenda, at the same time, improving the method delivery and approach to the people.

“I hope MSD 2021 will be an attraction to the online visitors, especially youth and teenagers in the atmosphere of the harmony of our beloved Keluarga Malaysia,” he said.