Banks are normally crowded but some banks were more crowded than others yesterday.
This scenario is of bank customers waiting to buy share units (unit trusts) issued by the government.
These unit trust funds bear an annual dividend higher than the regular Fixed Deposit dividends of only 2-over percent annually. These share units yield from between 6+ to 10+% annually. Foong has a good tracking.
A total of 3.33 billion ASM (Amanah Saham Malaysia) units were put up for sale yesterday, and will be on sale until July 20, subject to availability.
Another 2 billion units of Amanah Saham Wawasan 2020 will be offered starting April 27 to May 6.
Currently, ASM can be bought from ASNB offices nationwide, as well as through its agents, Malayan Banking Bhd (Maybank); CIMB Bank Bhd, RHB Bank Bhd and Pos Malaysia.
Have you bought any yet?
Source: The Star..Investors in rush to snap up ASM shares
Flow of money into unit trusts is healthy: Najib