STATEMENT OF DISCLAIMER
The details contained in the website are solely on the basis of information only and does not constitute a recommendation to invest in ASSAR Fund (“the Fund”).

INVESTORS SHOULD RELY ON THEIR OWN EVALUATION TO ASSESS THE MERITS AND RISKS OF THE INVESTMENT. IF INVESTORS ARE UNABLE TO MAKE THEIR OWN EVALUATION, THEY ARE ADVISED TO CONSULT PROFESSIONAL ADVISERS.

Investors are advised to read and understand the contents of the Prospectus/ Supplemental Prospectus and Product Highlight Sheet before investing.

A copy of the Fund’s Prospectus featured in this website has been registered by and lodged with the Securities Commission Malaysia who takes no responsibility for the contents in the Prospectus.

The unit price and distribution payable, if any, may go down as well as up. The price per Unit is, during the Guaranteed Period, priced at a minimum of RM1.00 by virtue of the Guarantee. There are fees and charges involved and investors are advised to consider the fees and charges before investing in the Fund. Past performance of the Fund is not an indication of its future performance.

The hardcopy of the Prospectus/Supplemental Prospectus (if any) and Product Highlight Sheet can be obtained from ASSAR’s office. Should you have any further enquiries, please do not hesitate to contact us through our General Line at 082-231433 or our toll-free line at 1-800-888-4567.

The posted Prospectus and Product Highlight Sheet along with the contents of this site is under the responsibility of the Head of Operations, Amanah Saham Sarawak Berhad.

  • I confirmed that I have read and understood the statement and important information as prescribed above.

Management Company's Delegate

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Management Company's Delegate

(I)  Settlement, Valuation and Fund Accounting

ASSB had appointed ASSAR Nominees (Tempatan) Sdn Bhd ("ANTSB") since 1 January 2005 to perform settlement as well as valuation and accounting functions for the Fund. Incorporated on 26 July 1995, ANTSB is a wholly owned subsidiary of Permodalan ASSAR Sdn Bhd (“PASB”), the holding company of ASSB.

Under the terms of the revised service level agreement dated 19 January 2023, ANTSB shall ensure settlement of all investment transactions, maintain proper books of accounts, carry out daily valuation, give information and assistance relating to the Fund as required by ASSB. All fees and expenses arising out of this appointment are not charged to the Fund and are solely borne by ASSB.

The overall staff strength of ANTSB as at 30 June 2024 comprises of one (1) assistant manager, two (2) executives and one (1) junior executive.

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(II)  Middle Office and Back-Room Functions

ASSB had outsourced its middle office functions of Compliance, Internal Audit and Risk Management to ASSAR Corporate Services Sdn Bhd (“ACSSB”), a wholly owned subsidiary of PASB on 1 January 2017. Subsequently, the back-room functions (i.e. IT, Finance, Human Resource, Legal and Secretarial) of ASSB were also outsourced to ACSSB with effect from 1 January 2023 following ASSAR Group Restructuring Exercise.

Pursuant to PASB Board of Directors’ Meeting on 31 January 2024, the revised PASB Group Corporate Structure was approved which involved the establishment of the Group Corporate Governance Division and the en-bloc transfer of all staff of ACSSB to PASB. In light of this, the provision of all of the above said functions had been taken over and been provided by PASB with effect from 1 February 2024.

 

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