KUALA LUMPUR (Nov 29): Permodalan Nasional Bhd (PNB) said today it has further diversified into international equities and that the Malaysian government-owned fund management company has been focusing on sectors, which are less susceptible to the current Covid-19-driven economic environment to improve its investment portfolio.
In a statement today, PNB, which has assets under management exceeding RM300 billion, said the FBM KLCI’s 3.23% increase year-to-date up to Thursday (Nov 26, 2020) is a welcome development for PNB as it "continues its commitment to deliver competitive returns and provide valuable services to unit holders in the ongoing battle against the coronavirus outbreak."
PNB’s statement today is in conjunction with the announcement by PNB’s wholly-owned unit trust management company Amanah Saham Nasional Bhd (ASNB) on the income distribution for ASNB's variable price fund ASN Imbang 1 for financial year ending Nov 30, 2020. ASN Imbang 1 is also known as the Mixed Asset Balanced 1 fund. "ASN Imbang 1 declared a total income distribution payout of RM40.57 million, which translates into 3.32 sen per unit.
This income distribution provides a dividend yield of 3.60% based on the expected net asset value of the fund as at Nov 30, 2020. "The payout will benefit over 46,156 unit holders with a total investment amounting to 1.22 billion units,” PNB said.
According to PNB, the computation of the income distribution for ASN Imbang 1 is based on the units held and the fund's NAV as at Nov 30, 2020. "The distribution declared will be re-invested as additional units into the unit holders’ accounts and automatically credited into their accounts on Dec 1, 2020,” PNB said.