Public Mutual launches carbon efficient fund

Public e-Carbon Efficient Fund (PeCEF) aims to invest primarily in companies with efficient carbon footprints which are component stocks of a global environmental, social and corporate governance (ESG) index.

KUALA LUMPUR: Public Bank’s unit Public Mutual has raised its benchmark in its investing strategy, focusing on the environment, with the launch of a fund named Public e-Carbon Efficient Fund (PeCEF) on Tuesday.

In a statement, PeCEF aims to invest primarily in companies with efficient carbon footprints which are component stocks of a global environmental, social and corporate governance (ESG) index.