Public Mutual is Malaysia
KUALA LUMPUR: Public Mutual has launched a new fund – PB Islamic Dynamic Allocation Fund – which enables investors to ride through the market turbulence with a dynamic portfolio of global Shariah-compliant stocks.
It said the fund, which was launched on Feb 28, seeks to achieve capital growth over the medium to long-term period.
Public Mutual, a unit of Public Bank, will invest 30% to 98% of its net asset value (NAV) in Shariah-compliant equities and up to 70% of its NAV in sukuk while the balance may be invested in Islamic liquid assets, in both domestic and foreign markets.
The fund may invest up to 98% of its NAV in Shariah-compliant foreign assets in selected global markets including the US, Europe and the Asia Pacific region.
Public Mutual’s CEO Yeoh Kim Hong said the fund adopts a tactical allocation strategy which enables the fund to have the flexibility to respond to the market changes and ride through the market cycles.
“Therefore, the fund is suitable for medium to long-term investors who can withstand ups and downs of the stock market in pursuit of capital growth,” she said.
The initial issue price is RM1 per unit during the 21-day initial offer period from Feb 28 to March 20.
The minimum initial investment amount is RM1,000 while the minimum additional investment amount is only RM100.
She said 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.
Public Mutual has over 3.7 million accountholders. As at end-January 2018, the fund size managed by the company was RM83.1bil.
Limited time offer:
Just RM5 per month.
