ASB, ASB 2, ASM attract additional RM3.5b after investment limit increase

The increase in Amanah Saham Bumiputera (ASB) and Amanah Saham Bumiputera 2 (ASB 2) investment limit and Amanah Saham Malaysia (ASM) fund size has brought in new money totalling RM3.5 billion in the last three months.

Permodalan Nasional Bhd (PNB) president and group chief executive Ahmad Zulqarnain Onn said the figure is forecast to increase by between RM3 billion and RM5 billion by year-end.