KUALA LUMPUR: The increase in investment limit for Amanah Saham Bumiputera (ASB), Amanah Saham Bumiputera 2 (ASB 2) and Amanah Saham Malaysia (ASM) has brought in RM3.5bil in new money over the past three months.
Permodalan Nasional Bhd (PNB) president and group chief executive Ahmad Zulqarnain Onn said the figure is forecast to increase by between RM3bil and RM5bil by year-end, Bernama reported.
“Since the increase in fund limit, there has been RM3.5bil of new money in the last three months, of which 30% was from Bumiputra unit holders,” he told a media briefing yesterday.
This fund increase came from about 96,000 unit holders, said Ahmad Zulqarnain.
The limit for ASB and ASB 2 was increased to RM300,000 from RM200,000 starting April 1, 2023. Meanwhile, the fund size of ASM was raised by RM5bil starting May 1, 2023.
ASB, ASB 2 and ASM are offered by Amanah Saham Nasional Bhd, PNB’s wholly-owned unit trust management company.
At the briefing, Ahmad Zulqarnain said PNB’s total assets under management had reached RM341.6bil, while the number of new accounts increased by 400,000 to 15.2 million accounts for the financial year ended Dec 31, 2022.
Separately, Bernama reported that PNB will be relocating to Menara Merdeka 118 from its present location in Menara PNB, which it occupied since 1985.
“The move will begin in the fourth quarter of 2023 and we will be fully operational in the new office by the end of the year.
“Our relocation to Merdeka 118, a triple platinum-rated green building by LEED, Green Real Estate and Green Building Index, will enable us to reduce our Scope 2 emissions, as it is a high-performance energy optimised green building,” said Ahmad Zulqarnain.
PNB owns Merdeka 118 via its wholly-owned subsidiary, PNB Merdeka Ventures Sdn Bhd.
