Public Mutual launches AsiaPac REITs flexi fund

Public Mutual’s CEO Yeoh Kim Hong said: “The fund is suitable for long-term investors who seek income and to a lesser extent capital growth from dividend-yielding REITs within the Asia Pacific region while tapping into growth opportunities in the regional equity markets.”

KUALA LUMPUR: Public Mutual launched the Public e-Asia Pacific REITs Flexi Fund (PeAPREITF) on Tuesday which will focus on real estate investment trusts (REITs) that generate sustainable dividend yields and also offer capital growth.

Public Mutual, a unit of Public Bank, said REITs are an attractive dividend-yielding investment because their income is generally exempt from tax.