“We need to focus on our long-term strategies. It is not about doing well in one particular year and doing badly in another year. We want returns that are sustainable overtime, ” Zeti (file pic) said during a virtual press conference after announcing the ASB income distribution for FY20. KUALA LUMPUR: Despite the lowest dividend payout in Amanah Saham Bumiputera’s (ASB) 30-year history for financial year ending Dec 31 (FY20) that was caused by a steep drop in the markets, Permodalan Nasional Bhd (PNB) will not get shaken by short-term volatility and will focus on executing its long-term investment strategies. Amid a tough operating environment, group chairman Tan Sri Dr Zeti Akhtar Aziz said PNB would not be distracted by short-term volatility, adding that its key long-term strategy is diversifying the fund’s investment portfolio into other asset classes and global markets. “We need to focus on our long-term strategies. It is not about doing well in one particular year and doing badly in another year. We want returns that are sustainable overtime, ” she said during a virtual press conference after announcing the ASB income distribution for FY20. The country’s largest fund manager announced a lower income distribution payout of 4.25 sen per unit for its unit trust fund ASB compared with 5.5 sen a year ago. For this year, the payout comprised an income distribution of 3.50 sen per unit and an additional “Ehsan” payment of 0.75 sen per unit for the first 30,000 ASB units held by each unitholder. The total income distribution payout for this year will be RM7.6bil, benefitting 10.2 million unit holders, who own 173.2 billion units in the ASB flagship fund. Meanwhile, PNB’s wholly-owned unit trust management company Amanah Saham Nasional Bhd (ASNB) announced an income distribution payout of 2.02 sen per unit or a total payout of RM36.6mil for its variable price fund Amanah Saham Nasional (ASN) in FY20. This reflects a dividend yield of 3.18% based on the expected net asset value of the fund as at Dec 31,2020. As it is, PNB has continued to grow in 2020 with assets under management increasing by 2.7% to RM320.5bil and units in circulation rising by 3.4% to 263.2 billion units, with more than 200,000 new accounts registered during the year. In line with ASB’s portfolio diversification strategy, its international exposure and investments into other asset classes such as fixed income, real estate and private equity rose to 16% as at Nov 20, from 10% a year ago. PNB’s aggregate global exposure increased to 11.9% this year from 8.1% a year ago, with greater income contribution from global investment assets. Zeti said ASB’s performance remained competitive relative to other low-risk investment instruments. “Over the years, ASB’s income distribution has consistently remained competitive despite the negative performance of the FBM KLCI in the past five out of the recent six years, ” Zeti said. In order for the fund to deliver sustainable returns, she explained that diversification would be undertaken next year to avoid an over-concentration of risks, saying that the group would also explore investments in new emerging industries and strengthening its risk management capabilities moving forward. “We will continue the progress made in diversifying our investment portfolio, so that we may build a truly ‘all-weather’ portfolio, with an optimal mix of asset classes and geographies. “We remain cautiously optimistic about the future and will continue to explore new investment opportunities in this ever-changing environment, so as to increase our potential to provide sustainable returns to our unit holders while prudently safeguarding their investments, ” she added. Given that Covid-19 pandemic has brought about structural changes to financial markets, Zeti cautioned that volatility in financial markets and a low yield environment is expected next year as central banks worldwide looked into keeping interest rates at historical lows. Volatility in financial markets would be attributed to the risks surrounding trade talks as well as challenges in the global supply and deployment of the Covid-19 vaccine, said PNB chief executive officer Ahmad Zulqarnain Onn. (pic below) Forging forward, Ahmad Zulqarnain noted that domestic and international public equities would still form a significant portion of its portfolio, noting that investments would be undertaken in companies with strong fundamentals and long-term growth prospects. As at Nov 20, ASB’s investments in international public equity had increased to 5.9% compared with 3.6% in 2019. The proportion of gross income contribution from international public equity increased to 24.2% this year from 6.3% last year.
ios developer account
buyappleacc.com selling ios developer account for lowest price and best quality, choose us, you will never regret. take one little step with us, you can enjoy the best services.