Public Bank To Launch First Euro Pacific Fund (8 June 2007)

Public Bank will launch its first Euro Pacific fund, the PB Euro Pacific Equity Fund (PBEPEF) on 8 June 2007. This fund will be managed by its wholly-owned subsidiary, Public Mutual.

Public Bank’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow who is also the Chairman of Public Mutual said PBEPEF is an aggressive equity fund that seeks long-term capital appreciation by investing in equities and collective investment schemes in domestic and foreign markets. “Up to 98% of the fund’s net asset value (NAV) will be invested in foreign markets which include Europe, Japan, Korea, Taiwan, China, Hong Kong, Singapore, Thailand, Philippines, Indonesia and other approved markets. The equity exposure of PBEPEF will generally range from 75% to 90% of its NAV,” he continued.

According to Tan Sri Teh, the fund allows investors the opportunity to participate in the long-term growth potential of a diversified portfolio of blue chip stocks, growth stocks, fundamentally undervalued stocks and dividend stocks in the domestic, European and regional markets. PBEPEF is suitable for investors with aggressive risk-reward temperament.

PBEPEF has an issue price of RM0.25 per unit and 1% FREE UNITS will be given away during the 21-day initial offer period of 8 June 2007 to 28 June 2007. The minimum initial investment for PBEPEF is RM1,000 and the minimum additional investment is RM100.

Interested investors can visit any Public Bank branch nationwide or call free-phone at 1-800-88-3323 during normal working hours to find out more about PBEPEF.

Public Mutual, the manager of the fund is the largest private unit trust company in Malaysia and it currently manages 42 funds for more than 1,000,000 accountholders. As at 21 May 2007, the total NAV of the funds managed by the company was RM20.4 billion.