Maybank announced earlier in the week that “first-time ASNB investors can now open an Amanah Saham Nasional Berhad (ASNB) account directly on the MAE app”. While this is specifically for the benefit of new investors, the bank also said that both “new and existing investors can subscribe to a variety of ASNB funds and manage their accounts, all through the MAE app”.
For those unfamiliar with ASNB, it’s the wholly owned unit trust management subsidiary of Permodalan Nasional Berhad (PNB), offering low-risk, government-backed investment options to help Malaysians build long-term wealth. Available investment funds include variations of Amanah Saham Bumiputera (ASB) and Amanah Saham Malaysia (ASM), but as the name suggests, the former is limited to Bumiputeras. Beyond that, all you need to open an ASNB account is to be a Malaysian aged 18 or older.
