PNB investments swell to RM131.5b

KOTA BAHARU -- Competitive dividend distribution and prudent fund management has propelled Permodalan Nasional Berhad (PNB), Malaysia's biggest fund manager, to accumulate investments totalling RM131.5 billion as of August 31, 2011, its chairman Tun Ahmad Sarji Abdul Hamid said today.

He said the whopping investment came from 10.5 million investors. Innovative products - Amanah Saham Nasional and Amanah Saham Bumiputera schemes - introduced in 1990 and subsequently seven other products have succeeded in significantly changing the people's mindset, he said.

"They're now very keen to invest to increase their investments in PNB," he said when speaking at the teachers' training institute category PNB Quiz contest 2011 prize presentation here today. - Bloomberg