Public Mutual is Malaysia's largest private mutual fund with a successful track record offering various types of funds depending on your risk profile
KUALA LUMPUR: Public Mutual has launched a new fund, Public e-Flexi Allocation Fund (PeFAF) which will invest nearly all of its net asset value (NAV) in equities of which one-third will in foreign markets.
Public Mututal, which is a unit of Public Bank said 98% of PeFAF's NAV would be in equities.
“However, when the investment climate is deemed to be unfavourable, the fund may lower its equity exposure and increase investments in fixed income securities and liquid assets,” it said.
The fund will invest mainly in the domestic market with up to 30% of its NAV invested in foreign markets such as China, Hong Kong, South Korea, Japan, Taiwan, Singapore, Thailand, Indonesia, the Philipines and Australia.
This strategy will allow investors to capitalise on investment opportunities in both developed and developing countries.
The minimum initial and additional investment amount is RM100 and the sales charge is up to 3.75%.
The initial issue price is 25 sen per unit during the 21-day initial offer period from Friday to Aug 3.
Public Mutual said interested investors of e-Series funds must be a Public Mutual online (PMO) subscriber as all statements of transactions, investments and reports are only available online to unit holders via PMO.
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