ASNB announces highest ASM 3 payout in 7 years
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Amanah Saham Nasional Bhd (ASNB), the investment arm of Permodalan Nasional Bhd, has declared its highest income payout in seven years for the Amanah Saham Malaysia 3 (ASM 3) fund. The distribution, amounting to five sen per unit, will benefit 818,137 unit holders who collectively own 20.97 billion units. This payout surpasses the previous year's 4.75 sen per unit and exceeds the 12-month fixed deposit rate of Maybank at 1.99 percent by 301 basis points.
ASNB attributes the increased payout to realized gains, dividend income, and other income from diversified domestic and international investments. The fund's performance is further bolstered by allocations to fixed income, real estate, and private investments, which provide additional income sources amid fluctuating market conditions.
ASNB's decision underscores the fund's resilience in a volatile investment landscape and its commitment to delivering consistent returns to investors. Unit holders who chose the Zakat Khultah (Class B) option will receive a net dividend rate of 4.87 percent after a 2.57 percent zakat deduction. The payout will be automatically reinvested as additional units in the unit holders' accounts on October 1.
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