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.
