Amanah Saham 1Malaysia (AS 1Malaysia) is the latest fund coming from Amanah Saham National Berhad (ASNB). AS 1Malaysia will be launched on 5 August 2009 with 10 billion units of RM 1.00 each.
Amanah Saham 1Malaysia is opened for all Malaysians age 18 years and above. The minimum initial investment is 100 units and maximum initial investment is 50,000 units per unit holder (100,000 units for those aged 55 years). This is no sales / service charges for the initial offer period. This is good because most of the private unit trust companies like Public Mutual has 5% service charges.
This is not a chance that you can have everyday. Therefore, if you have extra money to save, better put in Amanah Saham 1Malaysia unit trust than fixed deposit (which have much lower rate). For stock traders… It’s time to earn more with this extra fund in the stock market. Do select the right stock at the right time.