Even easier now to top up your ASM and ASW!

Looks like the Malaysian government is really desperate for cash. Amanah Saham Berhad(ASB) has just enabled their trust holders to top up using online banking. The only drawback to this is that you can only do it with Maybank2U. Read more here.

Maybank Newsroom Statement
The Star's Report

Newbie to ASM & ASW?

Just to share a bit more about Amanah Saham Malaysia & Amanah Saham Wawasan as some of you might be asking what is this all about.

ASM is a fund launched by PNB on year 2000 while ASW was launched back in 1996 when Dr. Mahathir first conceptualised the Wawasan 2020 vision. So far, both the funds performance has been very consistent and profitable.

To purchase the fund, you can walk in to any of the following banks:
i) Maybank
ii) RHB
iii) CIMB
iv) Post Offices

Just prepare at least RM 100 if you are opening a new account. Each unit cost RM 1. The past dividend payouts for ASM are listed as below:

ASM : 2006 - 6.75% 2007 - 6.80% 2008 - 7.80% 2009 - 6.25%
ASW: 2006 - 6.80% 2007 - 8.00% 2008 - 7.00%

ASM announces its dividend on 31st March every year while ASW announces on 31st August.

ASW & ASM is back again

Missed the opportunity to grab ASW and ASM trust fund last year? Don't worry, 3.3 billion units will be out for grabs starting tomorrow. Each person can only purchase up to 20,0000 units. Be careful when you are queuing with your loaded bag of money. :) . Here is the details:

http://www.thestar.com.my/news/story.asp?file=/2009/4/20/nation/20090420114255&sec=nation