PNB group chairman Tun Arifin Zakaria said the new variable price fund focuses on investing in a diversified portfolio of sukuk with 80 to 99 per cent of its net asset value exposed to the asset class, including Government Investment Issues .
"The ASN Sukuk targets risk-averse investors who favour stable and sustainable medium- to long-term income. ASNB chief executive officer and executive director Muzzaffar Othman said the new fund’s features include a minimum RM10 investment with additional investment as low as RM1. "The initial offer price of the fund is set at RM1 per unit during the 21-day initial offer period until Dec 15, 2022,” he added.
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