Public Mutual launches Mixed Asset Growth Fund

KUALA LUMPUR: Public Bank’s unit Public Mutual had on Wednesday launched its PB Mixed Asset Growth Fund whose strategy for investors is to offer diverse investment opportunities.

Public Mututal, which manages RM67.2bil in assets, said the new fund's objective was to achieve capital growth over the medium to long-term period through a portfolio allocation across equities and fixed income securities. 

The fund will invest 40% to 70% of its net asset value (NAV) in equities. The balance of the fund’s NAV will be invested in fixed income securities and liquid assets that include money market instruments and deposits. 

Also to diversify, the fund may invest up to 25% of its NAV in foreign markets.

Public Mutual CEO Yeoh Kim Hong said mixed asset funds are a convenient way to add variety to one’s investment portfolio. 

The new fund invests across a wide array of asset classes, “thus offering investors the potential for attractive returns but with lower volatility compared to pure equity funds”, she said.

The initial issue price is 25 sen per unit during the 21-day initial offer period from Wednesday to June 7. 

The minimum initial investment for the fund is RM1,000 and the minimum additional investment is RM100. 

Investors who purchase during the initial offer period can enjoy a promotional sales charge as low as 5% of the initial issue price per unit. 

Meanwhile, from Wednesday until June 7, investors who opt for direct debit instruction with the fund will enjoy a promotional sales charge of 5.25% of NAV per unit for as long as the direct debit is active. Terms and conditions apply.