KUALA LUMPUR: Permodalan Nasional Bhd's (PNB) wholly-owned unit trust management company, Amanah Saham Nasional Bhd (ASNB), has today introduced ASN Equity Global.
ASN Equity Global is ASNB's first fund to focus entirely on global equities, which will be available for subscription from September 1 this year.
PNB said ASN Equity Global primarily catered to investors with a high-risk tolerance as the fund employs a capital growth investment strategy that involves a high degree of exposure in the international markets.
The fund will heavily focus on global public equities with an asset allocation of up to 99 per cent as it adopts a strategy of investing in high-quality international companies with strong growth prospects and companies that will benefit from global megatrends.
PNB group chairman Tun Arifin Zakaria said ASN Equity Global marked another major milestone for PNB and ASNB, as the group continued to fulfil its mandate to all Malaysians by providing easy access to global markets at an affordable entry point.
"Our comprehensive range of unit trust products now cuts across multiple geographies and fund categories, comprising conservative, balanced and growth funds, allowing our unit holders to fulfil their financial and investment goals," he said in a statement.
The minimum initial investment is only RM10 and additional investment from as low as RM1.
Investors can subscribe to ASN Equity Global at the initial offer price of RM1 per unit until September 21 on all channels including its website and myASNB mobile app, ASNB branches and agents nationwide, as well as ASNB agents' internet banking facilities.
Between September 1 and December 31, ASNB is offering a lower sales charge rate for all over-the-counter subscriptions.