PNB floats ASN Sukuk in conjunction with MSAM 2O22

PORT DICKSON – Permodalan Nasional Berhad (PNB) wholly owned unit trust management company, Amanah Saham Nasional Berhad (ASNB) introduced the ASN Sukuk fund to be offered on Friday.

PNB Group Chairman, Tun Arifin Zakaria said, the new variable price fund focuses on investing in various Sukuk portfolios (Islamic income instruments) with 80 to 99 percent of the fund’s Net Asset Value focused on the asset class including Government Investment Issues (GII).

“ASN Sukuk targets investors with a conservative risk tolerance level who tend towards stable income in the medium to long term.

“I hope that our network of agents will be able to actively promote together and provide strong support in the marketing activities of ASN Sukuk in the future,” he said when he officiated the Malaysia Trust Week 2022 (MSAM 2022) event at the Pantai Batu 1 open area here, on Thursday .

Meanwhile, Chief Executive Officer and Executive Director of ASNB, Muzzaffar Othman said, the move to introduce the first ASN Sukuk fund is in line with the PNB group’s efforts in expanding its range of product offerings to meet the needs of Malaysian investors.

According to him, the new investment is best for those who do not want to take risks and want to earn sustainable income in the medium to long term.

With the challenging market environment, the launch of ASN Sukuk is another effort by ASNB in ​​building a resilient investment portfolio and exploring available opportunities.

“ASN Sukuk allows our unit holders to complete and diversify their existing investment portfolio in ASNB to build a more balanced portfolio,” he said.

Source link

Denial of responsibility! is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected] . The content will be deleted within 24 hours.

Leave a Comment

Your email address will not be published. Required fields are marked *

There will never be a recession in this business Multibagger Stock: Pharma company made 63 thousand to 1 crore ICICI Prudential Life Insurance has launched ‘ICICI Pru Sukh Samruddhi’ What is Multi-Member Travel Insurance ? Fixed and Floating Rate, which is more beneficial