Public Mutual launches enhanced bond fund

PUBLIC Mutual Bhd’s newly launched Public Enhanced Bond Fund (PEBF) seeks to provide a combination of annual income and capital growth through a portfolio allocation across quality bonds and equities.  

“PEBF invests between 70% and 85% of its net asset value (NAV) in fixed income securities to provide annual income to its unitholders,” chief executive officer Lam Kam Yin said in a statement. 

However, he said the investment in fixed income securities might move below the stated range subject to the fund manager’s assessment of the fixed income securities market outlook. 

“The fund is allowed to invest a maximum of 20% of its NAV in equities with the aim of producing enhanced returns to supplement that of the bond portfolio,” he added. 

The fund, with an approved fund size of 500 million units, is sold at RM1 each during the initial offer period from Jan 19 to Feb 2. It has a low service charge of 0.25% of NAV per unit. 

Investors can invest a minimum of RM1,000 as initial investment with a minimum RM100 as additional investment in the fund.  

To make the fund more attractive, fundholders and new investors can earn Mutual Gold Qualifying Points via their PEBF investment and gain Mutual Gold membership when they have accumulated 100,000 points. 

Members will enjoy benefits such as will writing, custodian services, trust services at special rates, repurchase cheques within one business day, fee waivers, free Public Bank credit cards and free group personal accident with permanent disability insurance. 

Public Mutual, a unit of Public Bank Bhd, manages 20 funds for more than 500,000 account holders. As at Dec 31, 2004, its total fund size was over RM9.8bil.  

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