PNB unperturbed by short-term volatility


“We need to focus on our long-term strategies. It is not about doing well in one particular year and doing badly in another year. We want returns that are sustainable overtime, ” Zeti (file pic) said during a virtual press conference after announcing the ASB income distribution for FY20.

KUALA LUMPUR: Despite the lowest dividend payout in Amanah Saham Bumiputera’s (ASB) 30-year history for financial year ending Dec 31 (FY20) that was caused by a steep drop in the markets, Permodalan Nasional Bhd (PNB) will not get shaken by short-term volatility and will focus on executing its long-term investment strategies.

Amid a tough operating environment, group chairman Tan Sri Dr Zeti Akhtar Aziz said PNB would not be distracted by short-term volatility, adding that its key long-term strategy is diversifying the fund’s investment portfolio into other asset classes and global markets.

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