The recent elevation in investment limit for Amanah Saham Bumiputera (ASB), Amanah Saham Bumiputera 2 (ASB 2), and Amanah Saham Malaysia (ASM) has generated an influx of RM3.5 billion of new capital in the past quarter. This substantial inflow is projected to swell by an additional RM3 billion to RM5 billion by the end of 2023, signifying a dynamic period in Malaysia’s financial market.
Permodalan Nasional Bhd’s (PNB) President and Group Chief Executive, Ahmad Zulqarnain Onn, unveiled these figures during a recent press conference. He attributed this remarkable financial impetus to the increased fund limit, stating that Bumiputra unit holders contributed to 30% of this new capital.
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The increased capital came from approximately 96,000 unit holders, indicating a robust interest and confidence in these investment avenues. This is a positive outcome for Malaysia’s economy, opening up new investment channels and strengthening the overall financial infrastructure.
Beginning April 1, 2023, the investment limit for ASB and ASB 2 was escalated from RM200,000 to RM300,000, whereas, from May 1, 2023, the fund size of ASM increased by a massive RM5 billion.
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These funds, managed by PNB’s wholly-owned unit trust management company, Amanah Saham Nasional Bhd, have effectively harnessed the change in financial policy, successfully attracting a sizeable amount of new capital into the Malaysian market. This trend testifies to the potential of these funds as profitable investment options, thereby strengthening their position in the marketplace.
As per reports, this news is based on Malay Mail.
