Last week PNB through ASNB announced on the share split of 1 to 1 for ASN2. This is the first time since the unit's launch in 1999 that such an exercise is undertaken. The split is based on the number of units held on 18 July 2014. So if you have 50k units on that date, you would now have 100k units but the values will remain the same as the unit's price (NAV) from 1.3576 ( the one recorded on 17 July) was adjusted by half to 0.6745 on 21 July.
PNB stated that as at June 30, ASN2 ( a variably priced equity growth fund), has consistently outperformed its benchmark consisting of Bursa Malaysia Top 100 index and three-month KLIBOR. ASN2 apparently has managed to record 89.72% of cumulative return, higher than the total cumulative return of 66.51% recorded by its benchmark during the five-year period until 30 June.
Moreover, PNB maintained that the annualised returns of ASN2 have shown encouraging growth rates during the three-year, five-year and 10-year period of 10.01%, 13.66% AND 10.86% respectively.
The split offers an opportunity for new investors to invest in the unit trust and for existing investors to buy more units at a lower price. For those eligible to purchase these units, this is the right time to do so. I notice the price since last Monday 21 July is declining as is the case for this product following the dividend distribution on 30 June. It was 1.4135 on 24 June before it was suspended for dividend calculation and distribution at 6.90 per unit; 0.02 sen lower than last year's rate at 7.10.
According to ASNB, the income distribution portion involved a total payout of RM18.77 million, an increase of 48.9% compared to the RM12.61 million paid out last year.The payment has benefited 9,822 unit holders which currently hold a total of 272.04 million units of ASN 2.
For those of you who are averse to risk-taking at the stock market, products such as ASN2 will give you a good dividend yield along with your capital appreciation as the dividend is automatically reinvested into your account. In another word, make money while you sleep.
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| Encouraging growth performance |
Moreover, PNB maintained that the annualised returns of ASN2 have shown encouraging growth rates during the three-year, five-year and 10-year period of 10.01%, 13.66% AND 10.86% respectively.
The split offers an opportunity for new investors to invest in the unit trust and for existing investors to buy more units at a lower price. For those eligible to purchase these units, this is the right time to do so. I notice the price since last Monday 21 July is declining as is the case for this product following the dividend distribution on 30 June. It was 1.4135 on 24 June before it was suspended for dividend calculation and distribution at 6.90 per unit; 0.02 sen lower than last year's rate at 7.10.
According to ASNB, the income distribution portion involved a total payout of RM18.77 million, an increase of 48.9% compared to the RM12.61 million paid out last year.The payment has benefited 9,822 unit holders which currently hold a total of 272.04 million units of ASN 2.
For those of you who are averse to risk-taking at the stock market, products such as ASN2 will give you a good dividend yield along with your capital appreciation as the dividend is automatically reinvested into your account. In another word, make money while you sleep.
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