TheStar
KUALA LUMPUR: Public Bank Bhd has launched a new investment product called PB Commodities and Resources Basket (PB CARB).
The new product enables investors to invest in the currencies of countries that are rich in natural resources and net exporters of those natural resources.
It said in a statement PB CARB Investment was a short two-year investment via floating rate negotiable instrument of deposit and 100% capital-protected if held to maturity.
PB CARB Investment consists of a basket of four equally weighted currencies — Canadian dollar, Australian dollar, Russian rouble and Brazilian real.
The returns were locked in each time the basket of currencies appreciated over the lock-in levels on each of the monthly observation dates, the bank said.
“With each level that has been locked in, investors can look forward to returns at maturity of above 6% or 12%, depending on the lock-in levels triggered and the closing level of the basket as compared to its initial level,” it said.
The targeted issue amount for PB CARB Investment was initially set a RM100mil and the minimum size per investment was RM100,000 with multiples of RM50,000 thereafter, it added.
According to the bank, the investment is suitable for investors who are seeking potentially higher returns.— Bernama
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
Showing posts with label Public Bank. Show all posts
Showing posts with label Public Bank. Show all posts
Wednesday, September 3, 2008
Wednesday, July 2, 2008
Public Mutual declares distributions for nine funds
TheEdge
KUALA LUMPUR: Public Mutual Bhd, a wholly-owned subsidiary of Public Bank Bhd, has declared distributions for its nine funds for the year ended June 30, 2008 (FY08).
In a statement, the unit trust company said its final gross distributions for its nine funds ranges from two sen per unit to 5.75 sen per unit. PB Balanced Fund headed the list with a total gross distribution of 15 sen per unit after an interim distribution of 10 sen per unit and a final distribution of five sen each in the period under review.
Public Mutual said PB Growth Fund came in second with total gross distribution of 14 sen per unit, after an interim and final gross distribution per unit of nine sen and five sen respectively.
The interim gross distribution of PB Balanced Fund and PB Growth Fund was declared and paid in December 2007. The other funds that declared final gross distributions were PB Asia Equity Fund, PB Islamic Asia Equity Fund, PB Fixed Income Fund, PB Islamic Bond Fund, PB Cash Management Fund, PB Islamic Cash Management Fund and Public Islamic Money Market Fund.
Public Mutual added that PB Growth Fund, PB Balanced Fund and PB Fixed Income Fund were the winners of The Edge-Lipper Malaysia Fund Awards 2008, and were ranked first for five-year returns in their respective categories for the period under June 6, 2008.
Public Mutual is the largest private unit trust company in Malaysia.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
KUALA LUMPUR: Public Mutual Bhd, a wholly-owned subsidiary of Public Bank Bhd, has declared distributions for its nine funds for the year ended June 30, 2008 (FY08).
In a statement, the unit trust company said its final gross distributions for its nine funds ranges from two sen per unit to 5.75 sen per unit. PB Balanced Fund headed the list with a total gross distribution of 15 sen per unit after an interim distribution of 10 sen per unit and a final distribution of five sen each in the period under review.
Public Mutual said PB Growth Fund came in second with total gross distribution of 14 sen per unit, after an interim and final gross distribution per unit of nine sen and five sen respectively.
The interim gross distribution of PB Balanced Fund and PB Growth Fund was declared and paid in December 2007. The other funds that declared final gross distributions were PB Asia Equity Fund, PB Islamic Asia Equity Fund, PB Fixed Income Fund, PB Islamic Bond Fund, PB Cash Management Fund, PB Islamic Cash Management Fund and Public Islamic Money Market Fund.
Public Mutual added that PB Growth Fund, PB Balanced Fund and PB Fixed Income Fund were the winners of The Edge-Lipper Malaysia Fund Awards 2008, and were ranked first for five-year returns in their respective categories for the period under June 6, 2008.
Public Mutual is the largest private unit trust company in Malaysia.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
Tuesday, April 1, 2008
Public Bank’s first capital protected fund
TheStar
KUALA LUMPUR: Public Bank has launched its first capital protected fund, PB Capital Protected Dragon Fund (PBCPDF), which will invest at least 90% of its net asset value (NAV) in permitted investments comprising high quality debentures and money market instruments.
The balance would be invested in a portfolio of equities and equity-related securities in the Greater China region, said its unit Public Mutual, which is managing the fund.
Public Mutual chairman Tan Sri Teh Hong Piow said PBCPDF was a capital protected fixed income fund seeking to achieve capital appreciation over the tenure of the fund while providing capital protection upon maturity of the fund.
PBCPDF was designed for investors seeking to protect their capital while participating in the growth prospects of equity markets in the Greater China region, he said in a statement.
The initial offer price of the closed-end fund is at 99.01 sen per unit during the 45-day offer period ending May 7. The minimum investment is RM1,000. – Bernama
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
KUALA LUMPUR: Public Bank has launched its first capital protected fund, PB Capital Protected Dragon Fund (PBCPDF), which will invest at least 90% of its net asset value (NAV) in permitted investments comprising high quality debentures and money market instruments.
The balance would be invested in a portfolio of equities and equity-related securities in the Greater China region, said its unit Public Mutual, which is managing the fund.
Public Mutual chairman Tan Sri Teh Hong Piow said PBCPDF was a capital protected fixed income fund seeking to achieve capital appreciation over the tenure of the fund while providing capital protection upon maturity of the fund.
PBCPDF was designed for investors seeking to protect their capital while participating in the growth prospects of equity markets in the Greater China region, he said in a statement.
The initial offer price of the closed-end fund is at 99.01 sen per unit during the 45-day offer period ending May 7. The minimum investment is RM1,000. – Bernama
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
Friday, February 29, 2008
Public Bank launching new fund next month
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
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
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
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
Friday, January 25, 2008
Public Bank to launch wholesale money market fund
BusinessTimes
PUBLIC Bank Bhd will launch a wholesale Islamic money market fund called PB Islamic Cash Plus Fund (PBICPF) on January 30.
The new fund will be managed by its wholly-owned subsidiary, Public Mutual.
"PBICPF is a low-risk Islamic money market fund and is suitable for sophisticated investors who wish to enjoy liquidity and current income, while maintaining capital stability," said Public Mutual chairman Tan Sri Teh Hong Piow in a statement released yesterday.
He said the fund's investment focus is geared towards short-term Islamic money market instruments that are highly liquidated and mature within one year.
Teh said PBICPF targets individuals whose total net personal assets exceed RM3 million or companies with total net assets exceeding RM10 million, and unit trust schemes.
"The fund provides a safe option for sophisticated investors with low tolerance to risk and those wishing to park their monies on a short-term basis," he said.
The minimum initial investment is RM250,000, while the minimum additional investment is RM100,000. PBICPF is issued at RM1 per unit.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
PUBLIC Bank Bhd will launch a wholesale Islamic money market fund called PB Islamic Cash Plus Fund (PBICPF) on January 30.
The new fund will be managed by its wholly-owned subsidiary, Public Mutual.
"PBICPF is a low-risk Islamic money market fund and is suitable for sophisticated investors who wish to enjoy liquidity and current income, while maintaining capital stability," said Public Mutual chairman Tan Sri Teh Hong Piow in a statement released yesterday.
He said the fund's investment focus is geared towards short-term Islamic money market instruments that are highly liquidated and mature within one year.
Teh said PBICPF targets individuals whose total net personal assets exceed RM3 million or companies with total net assets exceeding RM10 million, and unit trust schemes.
"The fund provides a safe option for sophisticated investors with low tolerance to risk and those wishing to park their monies on a short-term basis," he said.
The minimum initial investment is RM250,000, while the minimum additional investment is RM100,000. PBICPF is issued at RM1 per unit.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
Thursday, January 24, 2008
Public Bank, ING launch PB-ING Baraka Commodities Plan
TheEdge
KUALA LUMPUR: Public Bank Bhd and ING Insurance Bhd have unveiled the PB-ING Baraka Commodities Plan in a move to diversify investment opportunities, and signifying the start to their 10-year strategic regional alliance forged recently.
In a joint statement on Jan 21, the two companies said the inaugural product jointly developed by them was a powerful capital guaranteed investment-linked plan that aimed to provide maximum capital growth and potential high performance bonus within three years.
The plan is invested in the Top 30 high-performing global stocks in basic materials and oil and gas sectors selected from the Dow Jones Islamic Markets World Index Universe. Public Bank and ING said these stocks were actively managed and re-balanced each quarter to maximise performance potential.
PB-ING Baraka Commodities Plan is a single premium plan with a minimum premium amount of RM30,000. Entry age is from 30 days to 65 years of age. The plan is open for subscription for an eight-week period starting from Jan 18, 2008, till March 18, 2008.
In the fourth quarter of 2007, Public Bank and ING sealed a 10-year strategic regional alliance to tap long term regional opportunities by jointly developing the bancassurance business, Takaful business and various other services such as wealth management, joint promotional activities and co-branded credit card services.
Public Bank managing director Datuk Seri Tay Ah Lek said the ever-increasing demand for basic materials, especially from fast developing nations in Asia, the Middle East and Eastern Europe, was expected to sustain high commodity prices in the foreseeable future.
“Coupled with the strong support for oil and gas prices, the PB-ING Baraka Commodities Plan is indeed an attractive investment option for all types of investors,” he added. It will allocate 95% of the premium paid as Invested Capital, apart from offering life insurance protection against death and total permanent disability.
The plan will be sold exclusively by Public Bank and underwritten by ING. The investments will be managed by the investment arm of ING Group, ING Investment Management (IIM) through its local affiliate, ING Funds Bhd (IFB), which had over RM2 billion assets under management as at end November 2007.
Dr Nirmala Menon, president and chief executive officer of ING Insurance Bhd, said: “The PB-ING Baraka Commodities Plan provides us with a great start to our strategic alliance. This plan allows us to tap into market segments that we have not captured while enabling Public Bank to widen its offerings for its customers.”
“Together with Public Bank, ING is already lining up many more products that are specially developed for the bank’s wide and varied clientele. We hope to be able to leverage on Public Bank’s multiple marketing channels to expand our bancassurance offerings further,” she said.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
KUALA LUMPUR: Public Bank Bhd and ING Insurance Bhd have unveiled the PB-ING Baraka Commodities Plan in a move to diversify investment opportunities, and signifying the start to their 10-year strategic regional alliance forged recently.
In a joint statement on Jan 21, the two companies said the inaugural product jointly developed by them was a powerful capital guaranteed investment-linked plan that aimed to provide maximum capital growth and potential high performance bonus within three years.
The plan is invested in the Top 30 high-performing global stocks in basic materials and oil and gas sectors selected from the Dow Jones Islamic Markets World Index Universe. Public Bank and ING said these stocks were actively managed and re-balanced each quarter to maximise performance potential.
PB-ING Baraka Commodities Plan is a single premium plan with a minimum premium amount of RM30,000. Entry age is from 30 days to 65 years of age. The plan is open for subscription for an eight-week period starting from Jan 18, 2008, till March 18, 2008.
In the fourth quarter of 2007, Public Bank and ING sealed a 10-year strategic regional alliance to tap long term regional opportunities by jointly developing the bancassurance business, Takaful business and various other services such as wealth management, joint promotional activities and co-branded credit card services.
Public Bank managing director Datuk Seri Tay Ah Lek said the ever-increasing demand for basic materials, especially from fast developing nations in Asia, the Middle East and Eastern Europe, was expected to sustain high commodity prices in the foreseeable future.
“Coupled with the strong support for oil and gas prices, the PB-ING Baraka Commodities Plan is indeed an attractive investment option for all types of investors,” he added. It will allocate 95% of the premium paid as Invested Capital, apart from offering life insurance protection against death and total permanent disability.
The plan will be sold exclusively by Public Bank and underwritten by ING. The investments will be managed by the investment arm of ING Group, ING Investment Management (IIM) through its local affiliate, ING Funds Bhd (IFB), which had over RM2 billion assets under management as at end November 2007.
Dr Nirmala Menon, president and chief executive officer of ING Insurance Bhd, said: “The PB-ING Baraka Commodities Plan provides us with a great start to our strategic alliance. This plan allows us to tap into market segments that we have not captured while enabling Public Bank to widen its offerings for its customers.”
“Together with Public Bank, ING is already lining up many more products that are specially developed for the bank’s wide and varied clientele. We hope to be able to leverage on Public Bank’s multiple marketing channels to expand our bancassurance offerings further,” she said.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
Friday, January 4, 2008
Public Mutual declares distributions for 5 funds
TheEdge
KUALA LUMPUR: Public Bank Bhd’s unit Public Mutual has declared gross distributions of 10 sen per unit for the Public Savings Fund and PB Balanced Fund for the financial year period ended Dec 31, 2007.
It also declared gross distributions of 7.5 sen per unit for the Public Focus Select Fund and nine sen per unit for the PB Growth Fund. As for the Public Islamic Enhanced Bond Fund, it declared gross distribution of 3.5 sen per unit.
Public Mutual chairman Tan Sri Dr Teh Hong Piow said yesterday that the Public Savings Fund, Public Focus Select Fund and PB Growth Fund generated a one-year return of 35.24%, 32.87% and 56.10% respectively for the period ended Dec 7, 2007, based on The Edge-Lipper Fund Table dated Dec 17.
“These funds have generally outperformed the benchmark Kuala Lumpur Composite Index (KLCI), which registered a gain of 30.57 for the same period,” he said.
The PB Balanced Fund generated a one-year return of 33.70% for the period ended Dec 7, 2007, and it also outperformed its benchmark of 19.44% for the same period.
The Public Islamic Enhanced Bond Fund outperformed its benchmark 12-month General Investment Account-rates of 3.70%, with a one-year return of 5.02% for the same period.
Public Mutual manages 55 funds and the total net asset value of the funds managed by the company is RM27.4 billion.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
KUALA LUMPUR: Public Bank Bhd’s unit Public Mutual has declared gross distributions of 10 sen per unit for the Public Savings Fund and PB Balanced Fund for the financial year period ended Dec 31, 2007.
It also declared gross distributions of 7.5 sen per unit for the Public Focus Select Fund and nine sen per unit for the PB Growth Fund. As for the Public Islamic Enhanced Bond Fund, it declared gross distribution of 3.5 sen per unit.
Public Mutual chairman Tan Sri Dr Teh Hong Piow said yesterday that the Public Savings Fund, Public Focus Select Fund and PB Growth Fund generated a one-year return of 35.24%, 32.87% and 56.10% respectively for the period ended Dec 7, 2007, based on The Edge-Lipper Fund Table dated Dec 17.
“These funds have generally outperformed the benchmark Kuala Lumpur Composite Index (KLCI), which registered a gain of 30.57 for the same period,” he said.
The PB Balanced Fund generated a one-year return of 33.70% for the period ended Dec 7, 2007, and it also outperformed its benchmark of 19.44% for the same period.
The Public Islamic Enhanced Bond Fund outperformed its benchmark 12-month General Investment Account-rates of 3.70%, with a one-year return of 5.02% for the same period.
Public Mutual manages 55 funds and the total net asset value of the funds managed by the company is RM27.4 billion.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
Tuesday, December 18, 2007
Public Bank launches Asia real estate fund
TheStar
KUALA LUMPUR: Public Bank will launch its first Asia real estate fund today, offering investors the chance to participate in the growth prospects of Asia's property sector and real estate investment trusts (REITs).
The PB Asia Real Estate Income Fund (PBAREIF) will invest in companies that are principally engaged in property, hotel and resorts investment and development and REITs in domestic and regional markets to provide capital growth for the fund.
“It is an actively-managed balanced fund which seeks to meet its objective of achieving capital growth and income in the medium to long-term period by adhering to a balanced asset allocation with up to 60% of its net asset value (NAV) in equities and REITs,” said Tan Sri Teh Hong Piow, chairman of Public Mutual, which is managing the fund.
“Up to 60% of the fund's NAV can be invested in selected regional markets which include Japan, Australia, South Korea, Taiwan, China, Hong Kong, New Zealand, Singapore, Thailand, the Philippines, Indonesia and other approved markets,” he said in a statement yesterday.
Teh said to help generate interest income, the balance of the fund's NAV would be invested in domestic fixed income securities, such as sovereign bonds, corporate debt and money market instruments.
PBAREIF was suitable for conservative to moderate investors with a preference for regular income and a respectable level of capital growth, he said.
During the 21-day initial offer period from Dec 18, 2007, to Jan 7, 2008, the issue price/NAV of PBAREIF is at 25 sen per unit with a promotional service charge of 5.45% of NAV per unit.
Investors who opt for direct debit instruction with PBAREIF during the offer period will also enjoy the special promotional service charge of 5.45% of NAV per unit for as long as the direct debit is active. – Bernama
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
KUALA LUMPUR: Public Bank will launch its first Asia real estate fund today, offering investors the chance to participate in the growth prospects of Asia's property sector and real estate investment trusts (REITs).
The PB Asia Real Estate Income Fund (PBAREIF) will invest in companies that are principally engaged in property, hotel and resorts investment and development and REITs in domestic and regional markets to provide capital growth for the fund.
“It is an actively-managed balanced fund which seeks to meet its objective of achieving capital growth and income in the medium to long-term period by adhering to a balanced asset allocation with up to 60% of its net asset value (NAV) in equities and REITs,” said Tan Sri Teh Hong Piow, chairman of Public Mutual, which is managing the fund.
“Up to 60% of the fund's NAV can be invested in selected regional markets which include Japan, Australia, South Korea, Taiwan, China, Hong Kong, New Zealand, Singapore, Thailand, the Philippines, Indonesia and other approved markets,” he said in a statement yesterday.
Teh said to help generate interest income, the balance of the fund's NAV would be invested in domestic fixed income securities, such as sovereign bonds, corporate debt and money market instruments.
PBAREIF was suitable for conservative to moderate investors with a preference for regular income and a respectable level of capital growth, he said.
During the 21-day initial offer period from Dec 18, 2007, to Jan 7, 2008, the issue price/NAV of PBAREIF is at 25 sen per unit with a promotional service charge of 5.45% of NAV per unit.
Investors who opt for direct debit instruction with PBAREIF during the offer period will also enjoy the special promotional service charge of 5.45% of NAV per unit for as long as the direct debit is active. – Bernama
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
Tuesday, October 23, 2007
Public Bank to launch China fund
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
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
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
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
Thursday, September 6, 2007
Public Bank to launch Islamic regional fund
TheEdge
KUALA LUMPUR: Public Bank will launch its first Islamic regional sector fund, PB Islamic Asia Strategic Sector Fund tomorrow (Sept 6), which will invest in securities, mainly equities, in domestic and regional markets.
The fund will be managed by its unit, Public Mutual Bhd, and it will seek long-term capital appreciation and 50% to 90% of the fund’s net asset value (NAV) can be invested in markets.
Public Mutual chairman Tan Sri Teh Hong Piow said yesterday these markets included Japan, South Korea, China, Taiwan, Hong Kong, India, the Philippines, Indonesia, Singapore, Thailand, Australia, New Zealand and other approved markets
“The equity exposure of the fund will generally range from 75% to 90% of its NAV,” he said.
The fund would invest in three to six most promising market sectors, which include basic materials, communications, consumer (cyclical and non-cyclical), diversified, industrial and technology.
Teh said Public Mutual would adopt top-down approach to analyse factors such as macro economic outlook, business cycles income levels and demographic trends of various regional markets, and bottom-up approach to determine which industries and sectors would perform well based on the analysis.
The fund’s initial offer price is 25 sen per unit. The minimum initial investment is RM1,000 and the minimum additional investment is RM100. The offer period ends on Sept 26, 2007.
During the offer period, the promotional service charge is 5.45% of NAV per unit. Investors subscribing for direct debit instruction with the fund will also be charged 5.45% of NAV per unit for its services as long as it is active.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
KUALA LUMPUR: Public Bank will launch its first Islamic regional sector fund, PB Islamic Asia Strategic Sector Fund tomorrow (Sept 6), which will invest in securities, mainly equities, in domestic and regional markets.
The fund will be managed by its unit, Public Mutual Bhd, and it will seek long-term capital appreciation and 50% to 90% of the fund’s net asset value (NAV) can be invested in markets.
Public Mutual chairman Tan Sri Teh Hong Piow said yesterday these markets included Japan, South Korea, China, Taiwan, Hong Kong, India, the Philippines, Indonesia, Singapore, Thailand, Australia, New Zealand and other approved markets
“The equity exposure of the fund will generally range from 75% to 90% of its NAV,” he said.
The fund would invest in three to six most promising market sectors, which include basic materials, communications, consumer (cyclical and non-cyclical), diversified, industrial and technology.
Teh said Public Mutual would adopt top-down approach to analyse factors such as macro economic outlook, business cycles income levels and demographic trends of various regional markets, and bottom-up approach to determine which industries and sectors would perform well based on the analysis.
The fund’s initial offer price is 25 sen per unit. The minimum initial investment is RM1,000 and the minimum additional investment is RM100. The offer period ends on Sept 26, 2007.
During the offer period, the promotional service charge is 5.45% of NAV per unit. Investors subscribing for direct debit instruction with the fund will also be charged 5.45% of NAV per unit for its services as long as it is active.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
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