TheStar
KUALA LUMPUR: Public Bank will launch on March 5 the PB China Asean Equity Fund (PBCAEF), which seeks to capitalise on growth prospects in China and Asean.
The fund will be managed by its subsidiary Public Mutual.
Public Mutual chairman Tan Sri Teh Hong Piow said the fund would seek to achieve capital growth over the medium to long term by investing in a diversified portfolio of China stocks and stocks listed in Asean.
The equity exposure of PBCAEF would generally range from 75% to 90% of its NAV, Teh said.
The issue price or NAV of PBCAEF is at 25 sen per unit during the 21-day initial offer period from March 5 to 25.
“PBCAEF offers investors an opportunity to capitalise on the solid growth prospects in China and Asean,” Teh said. – Bernama
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