KUALA LUMPUR (Nov 18): Amanah Saham Nasional Bhd (ASNB), the wholly-owned unit trust management company of Permodalan Nasional Bhd (PNB), has launched its latest unit trust fund, ASN Equity Global.

According to PNB, it is the first ASNB fund that focuses entirely on global equities, offering all Malaysians the opportunity to diversify their investments in the international market. The fund is also open to all Malaysians with an initial investment of RM10.

PNB said this new concept and initiative introduced by ASNB provide an option for investors inclined towards megatrend-based global investments and thematic stocks to generate long-term returns.

As at Nov 15, more than 740 million units had been subscribed by more than 14,000 investors since ASN Equity Global was first offered in the market on Sept 1 this year.

"ASN Equity Global is ASNB's effort to introduce a contemporary investment concept that meets the objective of investors who want to gain returns through the global equity market.

"This fund is also suitable for investors who have higher risk tolerance and seek higher returns in the long run.

"Investors can easily monitor their investment performance on the myASNB portal and application as well as internet banking, and enjoy lower sales charges," said PNB president and chief executive officer Ahmad Zulqarnain Onn on Thursday.

The launch of ASNB's latest fund was officiated by PNB group chairman Tun Arifin Zakaria during the launch of Minggu Saham Digital 2021 held virtually.

In conjunction with Minggu Saham Digital, which runs from Nov 17 to Nov 23, ASNB is waiving sales charges for all investments over RM1,000 in any variable price funds through the myASNB portal and application.