KUALA LUMPUR: Amanah Saham Nasional Bhd (ASNB) had on Monday launched the ASN Equity Global, the first ASNB fund to focus entirely on global equities.

       Permodalan Nasional Bhd (PNB) said ASNB, its wholly-owned unit trust management company, is offering the fund for subscription from Sept 1 onwards.

       ASN Equity Global primarily caters to investors with a high-risk tolerance as the fund employs a

       capital growth investment strategy that involves a high degree of exposure in the international

       markets.

       The fund will heavily focus on global public equities with an asset allocation of up to 99% as it adopts a strategy of investing in high-quality international companies with strong growth prospects and companies that will benefit from global megatrends.

       PNB group chairman, Tun Arifin Zakaria said the introduction of ASN Equity Global marks another major milestone for PNB and ASNB, “as we continue to fulfil our mandate to all Malaysians by providing easy access to global markets at an affordable entry point”.

       “Our comprehensive range of unit trust products now cuts across multiple geographies and fund categories, comprising conservative, balanced and growth funds, allowing our unit holders to fulfil their financial and investment goals,” he added.

       ASN Equity Global is managed by PNB’s team of professional fund managers based in Kuala Lumpur as well as its London office, to capture and capitalise on opportunities in more than 50major global stock markets.

       The minimum initial investment is RM10 and additional investment from as low as RM1.

       Starting from Sept 1, investors can subscribe to ASN Equity Global at the initial offer price of RM1 per unit until Sept 21 on all channels, including www.myasnb.com.my and myASNB mobile app, ASNB branches and agents nationwide, as

       It said between Sept 1 and Dec 31, ASNB is offering a lower sales charge rate for all over-the-counter subscriptions.

       PNB is one of the largest fund management companies in Malaysia with assets under management (AUM) exceeding RM300bil.

       PNB's portfolio covers strategic investments in Malaysia's leading corporates, global equities, private investments and real estate.