Wednesday, April 22, 2009

Investing in Amanah Saham Malaysia

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

Related article:
Flow of money into unit trusts is healthy: Najib


  1. Anonymous2:05 PM

    Didn't buy any. But yes they yield better returns that FDs.

  2. I'm not into unit trusts but these do look promising - from Foong's tracking. Might get in..

  3. This time not so many people compare to the previous few launches. If you see carefully, the dividend payout is dropping even the economy is so good in 2007 and 2008.

  4. Thanks for mentioning my post! Well, I'm not buying cos don't have that extra money. I hope the returns will go back closer to 10% like when it first started.

    ASB for bumiputra used to pay out dividends as high as 17-18% last time. I think now, it has dropped to lower than 10%. Too bad!

  5. Superman, understandable considering the poor economy. You are right about the low payout in 07 and 08. Stocks would have paid much more then.

    Foong, you are welcome. Good things should be shared.

    I was thinking about it but now too late as they have all been snapped up, those allocated for non-bumis, according to KS. Oh well..

    ASB payout of 17-18% - had a lot of people taking out loans to buy these units because there was still a substantial net-gain.