Public Mutual launches e-Islamic flexi allocation fund

Public Mutual is Malaysia

KUALA LUMPUR: Public Mutual has on Tuesday launched an e-series fund called Public e-Islamic Flexi Allocation Fund (PeIFAF).  

It said on Tuesday PeIFAF’s objective is to achieve capital growth over the medium to long-term by investing up to 98% of its net asset value (NAV) in Shariah-compliant equities or sukuk. 

The Fund will also invest up to 30% of its NAV in Shariah-compliant foreign assets in North Asia, South-East Asia, Australia and other permitted markets. 

 Public Mutual CEO Yeoh Kim Hong said PeIFAF has a flexible fund mandate that enables the fund managers to capitalise on investment opportunities and allows the fund to ride on promising trends and investment themes in both domestic and selected foreign markets.

“Hence, PeIFAF is suitable for medium to long-term investors seeking capital growth through a flexible portfolio allocation across Shariah-compliant equities and sukuk,” she said.

The minimum initial and additional investment amount is only RM100 and the sales charge is up to 3.75%. 

The initial issue price for PeIFAF is 25 sen per unit during the 21-day initial offer period from Tuesday to April 23. 

To coincide with the launch of this fund, it is holding a campaign during the initial offer period. The campaign offers 203 prizes. The grand prize is RM3,000 of money market fund units. 

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.