New ASM & ASW2020 : Govt Needs More Money!

Posted by Kris | Monday, April 20, 2009 | | 0 comments »

The Govt needs more money judging by the bonds and funds offered. 1st it was the SUKUK bonds now it is the beloved and "lusted" after ASM & ASW2020. Both these funds usually offers investor a dividend of 6-9% judging by its past performance.The 1st RM2.5Billion SUKUK sold out in just 2 days!!

I believe that this new offer (3.33 billion new units of Amanah Saham Malaysia (ASM) and two billion Amanah Saham Wawasan 2020 (ASW 2020) units) will be snapped in just a few hours judging by its last offer around last year. Ultra long queues!

Buy it at your nearest Maybank & CIMB bank and the nearest Post Office.
JOHOR BAHARU, April 20 (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 on Monday.

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.

I want to take up more risks thus will "maybe" buy alittle of the fund above (i hate to queue) and put the rest in high risk and high reward instruments. When fear manifests, it is a good time to BUY!! (my opinion only)


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