TheStar
KUALA LUMPUR: Public Bank will today launch its first China fund, PB China Pacific Equity Fund.
The new fund will invest mainly in China stocks and the balance in North Asian markets such as Japan, South Korea and Taiwan.
Chairman Tan Sri Teh Hong Piow said in a statement the fund offered investors an opportunity to tap the solid growth prospects in China.
The bank said a minimum of 50% and up to 98% of the fund's net asset value (NAV) would be invested in China stocks listed on the China, Hong Kong, United States, Singapore and other approved markets.
The issue price is 25 sen per unit during the 21-day initial offer period to Nov 12. The minimum initial investment is RM1,000. – Bernama
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