KUALA LUMPUR, Sept 5 (Bernama) -- Public Bank will be launching three
news funds on Tuesday, namely PB Asia Emerging Growth Fund, PB Bond Fund
and PB Sukuk Fund, which will be managed by its wholly owned
subsidiary, Public Mutual.
Public Mutual's Chief Executive Officer Yeoh Kim Hong, in a statement today, said the growth prospects for Asia were supported by resilient consumption expenditure amid sustained income levels, rising urbanisation rates and favourable demographic trends. (source)
Public Mutual's Chief Executive Officer Yeoh Kim Hong, in a statement today, said the growth prospects for Asia were supported by resilient consumption expenditure amid sustained income levels, rising urbanisation rates and favourable demographic trends. (source)
PB Asia Emerging will be an equity fund which will seek to achieve capital growth over the medium- to long-term period by investing primarily in stocks of emerging small- to medium-sized companies in domestic and regional markets.
PB Bond meanwhile would provide annual income through investments in fixed income securities and money market instruments while PB Sukuk will invest in sukuk and Islamic money market instruments.
Yeoh said PB Asia Emerging would offer investors the opportunity to invest in companies with promising growth prospect, which may include foreign markets such as South Korea, China, Hong Kong, Taiwan, Singapore and other permitted markets.
PB Bond would allow investors access to the bond market, usually inaccessible to the average investors being a market mainly for institutional investors where the standard transaction is RM5 million per lot while PB Sukuk would allow investors access to the sukuk market.
The initial issue price of PB Asia Emerging is 25 sen per unit while PB Bond and PB Sukuk prices are both RM1 per unit during the 21-day initial offer period starting tomorrow until Sept 26, 2011.
During the period, special promotion service charges of five per cent of the initial issue price per unit would be extended to the purchase of unit of PB Asia Emerging.
Investors who opt for Direct Debit Instruction with PB Asia Emerging during the period will also enjoy a special promotional service charge of 5.25 per cent of net assets value per unit as long as the Direct Debit is active.
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