KUALA LUMPUR: Permodalan Nasional Bhd’s (PNB) wholly-owned unit trust company Amanah Saham Nasional Bhd (ASNB) has announced an income distribution of 6.00 sen per unit for its fixed price fund Amanah Saham Wawasan 2020 (ASW 2020) for the financial year ending 31 August 2018.
PNB Group Chairman Tan Sri Dr Zeti Aziz said despite a challenging market environment throughout the fund’s financial year, PNB through ASNB's unit trust operations has been able to deliver sound and competitive returns to unit holders of ASW 2020.
"PNB is committed to upholding its mandate to enhance the economic wealth of the Bumiputera community and Malaysians through investments that generate sustainable returns," she said in a statement today.
ASW 2020 will distribute RM1.18 billion in income distribution to more than 870,000 unit holders who currently own 19.6 billion units.
As at 31 July 2018, ASW 2020 recorded a net income of RM1.179 billion for the first 11 months of its financial year.
Factors such as geopolitical situations, global economic environment and financial markets have greatly affected local stock market movements.
During the first 11 months of ASW 2020’s financial year, the FBM KLCI recorded a growth of only 0.6 per cent, from 1,773.2 points on August 31, 2017 to 1,784.3 points on July 31, 2018.
"As at July 31, 2018, ASW 2020 earned a total gross income of RM1.398 billion, with profit from sale of shares contributing RM718.76 million or 51.4 per cent, while dividend income from investments in listed and non-listed companies accounted for RM468.50 million or 33.5 per cent of the total gross income.
"The remaining RM210.80 million or 15.1 per cent was from investments in sukuk/Islamic fixed deposit as well as interest income," added Zeti.
The calculation of income distribution for ASW 2020 is based on the average minimum balance held throughout the financial year of the fund.
The declared distribution will be reinvested in the form of additional units into unit holders' accounts and will be automatically credited on September 1, 2018.