Public Mutual launches Islamic global equity fund

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: Investors seeking to capitalise on the long-term growth potential of global economies can now invest in the Public Islamic Global Equity Fund (PISGEF), says Public Mutual.

Public Mutal, a unit of Public Bank, said PISGEF will invest 98% of its net asset value (NAV) in a diversified portfolio of Shariah-compliant blue chip stocks, index stocks and growth stocks.

These companies are listed on selected global markets, including the US, Europe, Asia Pacific and other permitted markets. 

 Public Mutual CEO Yeoh Kim Hong said PISGEF is well-positioned to benefit from foreign currency exposure that may enhance returns to local investors. 

“With PISGEF, investors get the opportunity to participate in the growth potential of multinational companies with established market shares, strong brand names and innovative products in a variety of sectors,” she added.

The initial issue price for PISGEF is 25 sen per unit during the 21-day initial offer period from Sept 26 to Oct 16.

The minimum initial investment amount is RM1,000 while the minimum additional investment amount is only RM100. 

Investors who purchase during the initial offer period can enjoy a promotional sales charge of 5.25% of the NAV per unit. Terms and conditions apply. 

Public Mutual has a total of 32 branches/customer service centres nationwide and over 3.5 million accountholders. As at end-July 2017, the fund size managed by the company was RM77.5bil.