Permodalan Nasional Bhd (PNB) today announced the income distribution for the Amanah Saham Bumiputera (ASB) in the financial year ending 31 December 2024 (FY24) under its fully owned unit trust management company Amanah Saham Nasional Bhd (ASNB), and it’s good news for ASB unitholders.
This is because the total income distribution for FY24 is the highest in 5 years at 5.75 sen a unit!
ASB’s income distribution in FY24 is the highest in 5 years
In a statement, ASNB said that the total distribution consists of an income distribution of 5.5 sec a unit and a 0.25 sen bonus a unit.
Moreover, the total payout amounts to a whopping RM10.1 BILLION and will benefit 11.1 million ASB unitholders.
ASNB added that it provided competitive returns, even surpassing its benchmark, which is Maybank’s 12-month fixed deposit rate, which recorded an average rate of 2.64% throughout this year.
For context, ASB recorded an impressive 5.75% fixed deposit return rate in FY24, compared to 5.25% last year.
The trust management company said that this achievement marks a strong end to the year for ASNB funds, particularly the Variable Price Fund, which performed very well, delivering market-leading returns and outperforming their respective benchmarks.
Moreover, PNB has made growing its customer savings its focus under its new Strategic Plan, LEAP 6, which outlines an ambitious target of increasing PNB’s asset under management (AUM) to RM400 billion.
Awesome! So, what do you guys think of the ASB income distribution for FY24? Share your thoughts with us in the comments.
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This post first appeared on WORLD OF BUZZ.
