Public Mutual launches healthcare global equity fund

Public Mutual CEO Yeoh Kim Hong said the Public Healthcare-Global Equity Fund will invest at least 30% of its net asset value in healthcare-related stocks and collective investment schemes, with the balance in other sectors with resilient growth and long-term structural trends

KUALA LUMPUR: Public Bank’s unit, Public Mutual, launched the Public Healthcare-Global Equity Fund (PHGEF) on Tuesday.

It said the global equity fund will invest primarily in the healthcare sector as well as other sectors with long-term growth prospects in the global markets.