Public Mutual launches PB Asia Consumer Sector Fund

KUALA LUMPUR: Public Bank’s unit, Public Mutual, launched its PB Asia Consumer Sector Fund (PBACSF) on Jan 3, 2019.  

 It said the fund’s objective is to achieve capital appreciation over the medium to long term by investing 75% to 98% of its net asset value (NAV) primarily in consumer-related equity and equity-related securities from selected Asian markets.

The countries include China, Hong Kong, Taiwan, South Korea, Japan, Singapore, Malaysia, Indonesia, Thailand, the Philippines and other permitted markets. 

Public Mutual CEO Yeoh Kim Hong said the fund was positioned to benefit from Asia’s consumer trends on the back of the region’s sustained economic growth.