KUALA LUMPUR: Public Bank’s unit Public Mutual launched its Public e-Pioneer Entrepreneur Fund (PePEF) on Thursday which will invest primarily in a portfolio of pioneer entrepreneur stocks.
Public Mutual’s CEO Yeoh Kim Hong said PePEF will invest primarily in founder-led companies which tend to benefit from better innovation, greater adaptability and long-term sustainability.
“Investors who seek to venture alongside such founder-led companies may invest into PePEF to achieve capital growth over the long term,” she said.
The fund’s main criteria is that the founder of the company is part of the company’s management team and/or sits on the company’s board of directors at the point of purchase.
To achieve diversification, up to 20% of its net asset value (NAV) may be invested in other stocks listed on global markets.
The fund will invest 75% to 98% of its NAV in equities globally, with the balance to be invested in fixed income securities and liquid assets.
The success of multiple innovative start-up companies over the past decades has cast the limelight on entrepreneurs and founders who have been the driving force behind such accomplishments.
This success is strongly attributed to the founder’s passionate drive and ingenuity in delivering products and services that cater to the market’s changing needs.
The fund is available exclusively online via its Public Mutual Online (PMO) platform with a minimum initial and additional investment amount of RM100 and a sales charge of up to 3.75% of NAV per unit.
The initial issue price for PePEF is 25 sen per unit during the 21-day initial offer period from Thursday until Aug 18.
As at end-June 2021, the fund size managed by the Public Mutual was above RM100bil.