Public Mutual launches Regular Savings Sequel Fund

MIDF Research said in retrospect, foreigners offloaded -RM19.5bil and -RM6.9bil in 2015 and 2014 respectively.

KUALA LUMPUR:  Public Mutual has launched its Public Regular Savings Sequel Fund (PRSSQF) to achieve capital growth and provide income over the medium- to long-term period.

It said PRSSQF will invest 70% to 98% of the fund’s net asset value (NAV) in a diversified portfolio of Malaysian equities comprising blue chip stocks, index stocks, growth stocks and stocks that offer or have the potential to offer attractive dividend yields. 

The balance of the fund’s NAV will be invested in fixed income securities and liquid assets which include money market instruments and deposits. 

“With its emphasis on the domestic stock market, PRSSQF offers investors the opportunity to benefit from the recent market retracement of Malaysian stocks and position their investments for long-term capital growth,” it said. The fund was launched on Jan 15.

Public Mutual CEO Yeoh Kim Hong said: “Investing on a regular basis is a good way to optimise one’s wealth creation as investors can benefit from Ringgit-cost Averaging and maximise their investment returns through the power of compounding. 

“PRSSQF is a great option for those who are keen on setting up a regular investment plan and comes with an additional plus point of annual income distribution.”
 
The initial issue price for PRSSQF is 25 sen per unit during the 21-day initial offer period from Jan 15 to Feb 4. The minimum initial investment is RM1,000 and the minimum additional investment is RM100. 

Investors who purchase during the initial offer period can enjoy a promotional sales charge as low as 5% of the initial issue price per unit. 

Public Mutual has over 3.2 million accountholders. As at Nov 30, the fund size managed by the company was RM66.4bil.