The 10 billion unit fund is a fixed price equity priced at RM1 per unit, the biggest PNB fund so far.
The 1Malaysia fund, which will be available for sales for 30 days from Aug 5 to Sept 3, 2009.
To ensure wider participation, the maximum investment limit has been set at 50,000 units per account holder for those aged between 18 and 55.
The investment limit for those above 55 is set at 100,000 units. The maximum limit, however, will be void after the offer period. Redemption of units during the offer period is not permissible.
During the offer period, subscription of the units is subject to an allocation of 50% for Bumiputera, 30% for Chinese, 15% for Indians and the remainder for other minority groups.
PM launches 10b Amanah Saham 1Malaysia fund
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Sunday, August 2, 2009
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