As highlighted during 2014 budget, on 2nd April 2014 Permodalan Nasional Berhad (PNB) officially launched Amanah Saham Bumiputera 2 (ASB2) fund. This is the 10th fund managed by PNB & it is aimed to empower the Bumiputra economy. The fund size is 10 billion units.
ASB2 is a fixed price fund at RM1 each unit. Most of the fund features, are very much similar to first ASB except that ASB2 fund is Mixed-Type fund rather than Equity.
ASB2 has two types of account. The first type is Akaun Bijak, which is open to investors as young as six months until 18 with a maximum investment of 50,000 units. The second type of account is Akaun Dewasa is for those above 19 with a maximum investment of 200,000 units per investors.
Similar to ASB, investors may invest in form of investment book or certificate.
In conjunction with the launched, those who invest in ASB2 between now and 31st December 2014 would earn 10 additional units, subject to availability.