KOTA BAHARU, Oct 20 (Bernama) -- Permodalan Nasional Bhd (PNB) which has successfully reached the target of selling RM100 billion worth of share trust fund units, is looking at increasing the number of its unit trust shareholders to 10 million by end of this year.
The trust fund company has so far sold RM100 billion worth of units through nine share trust funds it has launched since its establishment in 1981.
Its President and Group Chief Executive, Tan Sri Hamad Kama Piah Che Othman said Amanah Saham Bumiputera (ASB) has recorded the highest sales of units worth RM69 billion compared with the other share trust funds.
"Todate, some 9.8 million people have invested in the share trust funds launched by PNB," he said, adding that PNB hoped to see the number increase to 10 million by end of this year.
Hamad Kama was speaking to reporters after launching a state level promotional programme for Amanah Saham 1 Malaysia (AS1M) Kelantan here today.
He said PNB hoped to sell by end of this year all the 10 billion units of AS1M, which was launched by Prime Minister Datuk Seri Mohd Najib Tun Razak on July 31.
So far three billion units of AS1M have been sold, he said, adding that sales had been slow due to a lack of awareness of the fund and also the high trust fund size.
"What we are doing right now is collecting the feedback and complaints from people who could not subscribe the share units," he said.
The quota for the Chinese community of RM3 billion now has a balance of 23 per cent while from the RM1.5 billion quota for the Indian community, sales has reached 20 per cent.
"The quota of RM5 billion for the Bumiputera community has seen sales of only three per cent so far, and this big promotions are being held to attract more people to invest in the AS1M," he said.
There is also possibility that people are doubtful and worried about investing in AS1M which is seen as a new product, he said.
As part of its promotions, PNB has established the Myvi-AS 1Malaysia squad which will have marketing officers going to various popular locations to inform the people of the AS1M.
In Kelantan, the squad will be stationed around the Kota Baharu, Pengkalan Chepa, Pasir Mas, Tanah Merah and Pasir Puteh areas.
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