Public Mutual launches Public Strategic Balanced Fund

KUALA LUMPUR: Public Mutual had on Thursday launched its Public Strategic Balanced Fund (PSTBLF) where its objective is to achieve capital growth over the medium- to long-term through a balanced asset allocation approach.

Public Mutual CEO Yeoh Kim Hong said this is the first balanced fund that invests up to 98% of its net asset value (NAV) in global markets including the US, Europe and Japan. 

“As such, the Fund is poised to leverage on the global growth potential of developed markets. Local investors can also benefit from the anticipated currency appreciation of developed countries such as the US dollar and the Euro," he said.

PSTBLF will invest between 40% and 60% of its NAV in equities and the balance in fixed income securities and liquid assets, which include money market instruments and deposits. 

Interestingly, the fund will also seek to invest in multinational companies from a variety of sectors such as Internet, technology, consumer and services.

The initial issue price for PSTBLF is 25 sen per unit during the 21-day initial offer period from Thursday to June 29. The minimum initial investment is RM1,000 and the minimum additional investment is RM100.

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

During the 21-day period, investors who opt for Direct Debit Instruction (DDI) with PSTBLF will enjoy a promotional sales charge of 5.25% of NAV per unit for as long as the Direct Debit is active.

PSTBLF is distributed by Public Mutual's unit trust consultants. 


Public Mutual is Malaysia's largest private unit trust company with more than 100 unit trust funds under its management.  As at end-April 2016, the fund size managed was RM66.9bil.