Public Mutual launches two global funds

Public Japan Global Equity Fund's objective is to achieve capital growth over the long term by investing 75% to 98% of its net asset value (NAV) in equities. At least 30% will be invested in the Japan market and the balance in the US, Europe and Asia Pacific markets.

KUALA LUMPUR: Public Bank’s unit, Public Mutual, launched two new global funds, Public Japan Global Equity Fund (PJGEF) and Public Islamic Global Balanced Fund (PISGBLF) on Tuesday.

It said PJGEF's objective is to achieve capital growth over the long term by investing 75% to 98% of its net asset value (NAV) in equities.