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Increase in investment limit brings in RM3.5bil for PNB

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The increase in investment limit for ASB, ASB 2 and ASM has brought in RM3.5bil in new money over the past three months.

Permodalan Nasional Bhd president and group chief executive Ahmad Zulqarnain Onn said the figure is forecast to increase by between RM3bil and RM5bil by year-end, Bernama reported.

ASB, ASB 2 and ASM are offered by Amanah Saham Nasional Bhd, PNB’s wholly-owned unit trust management company. Separately, Bernama reported that PNB will be relocating to Menara Merdeka 118 from its present location in Menara PNB, which it occupied since 1985.

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ASB, ASB 2, ASM attract additional RM3.5b after investment limit increasePNB predicts it will increase up to RM5b by year-end.
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