PNB further diversifies into international stocks, focuses on less susceptible sectors



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KUALA LUMPUR (Nov 29): Permodalan Nasional Bhd (PNB) said today that it has diversified further into international stocks and that the Malaysian government fund management company has focused on sectors, which are less susceptible to the current Covid-19. economic environment to improve your investment portfolio.

In a statement today, PNB, which has assets under management in excess of RM300 billion, said that FBM KLCI’s 3.23% increase so far this year through Thursday (November 26, 2020) is a A welcome development for PNB as it “continues its commitment to delivering competitive returns and providing valuable services to shareholders in the current battle against the coronavirus outbreak.”

Today’s PNB statement coincides with the announcement by PNB’s wholly owned unit trust management company, Amanah Saham Nasional Bhd (ASNB), on the income distribution of ASNB’s variable price fund, ASN Imbang 1, to the financial year ending November 30, 2020. also known as Mixed Asset Balanced fund 1. “ASN Imbang 1 declared a total income distribution payment of RM40.57 million, which translates to 3.32 sen per Unit.

This income distribution provides a dividend yield of 3.60% based on the fund’s expected net asset value as of November 30, 2020. “The payment will benefit more than 46,156 shareholders with a total investment of 1.22 billion units.” said PNB.

According to PNB, the income distribution calculation for ASN Imbang 1 is based on the units held and the fund’s NAV as of November 30, 2020. “The declared distribution will be reinvested as additional units in shareholders’ accounts and automatically credited in their accounts on December 1, 2020, ”said PNB.



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