Public Bank’s wholly-owned subsidiary, Public Mutual declares distributions for three of its funds. The gross distributions declared are for financial year / period ended 30 April 2008:
Public Islamic Dividend Fund - Gross distribution of 2.00 sen per unit
Public Far-East Balanced Fund - Gross distribution of 1.75 sen per unit
Public Islamic Asia Dividend Fund - Gross distribution of 0.40 sen per unit
Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow said Public Islamic Dividend Fund is an Islamic equity fund that aims to provide income by investing in a portfolio of stocks that complies with Shariah requirements and which offer or have the potential to offer attractive dividend yields. “Public Islamic Dividend Fund is suitable for medium- to long-term investors with preference for receiving income while capital growth is secondary”, he added.
As for Public Far-East Balanced Fund, it is a regional balanced fund which aims to provide income and capital growth over the medium- to long-term period. This fund is suitable for medium- to long-term investors who prefer to receive income and a respectable measure of capital growth. It comes with free insurance coverage of up to RM100,000 per qualified unitholder. Terms and Conditions apply.
Meanwhile, Public Islamic Asia Dividend Fund is an Islamic equity income fund that seeks to provide income by investing in a portfolio of stocks in domestic and regional markets that complies with Shariah requirements and which offer or have the potential to offer attractive dividend yields. This fund is suitable for medium- to long-term investors with preference for receiving income while capital growth is secondary.
Public Mutual is the largest private unit trust company in Malaysia, and it manages 62 funds for more than 1,800,000 accountholders. As at 29 February 2008, the total NAV of the funds managed by the company was RM27 billion.
Monday, May 5, 2008
Thursday, April 24, 2008
Public Islamic Optimal Growth Fund to capitalise on dividend and growth stocks in the domestic market (8 April 2008)
Public Bank’s wholly-owned subsidiary, Public Mutual will launch a domestic Islamic fund, Public Islamic Optimal Growth Fund (PIOGF) on 8 April 2008 (Tuesday). Investors who wish to achieve an optimal combination of capital appreciation and income growth over the long-term can invest in the PIOGF. PIOGF is open for EPF Members Investment Scheme.
Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow said PIOGF is an Islamic equity fund that seeks to provide income and capital growth by investing in Shariah-compliant stocks which offer attractive dividend yields and growth stocks in the domestic market. “PIOGF invests 50% of its equity investment in Shariah-compliant growth stocks in the domestic market while the remaining 50% of its equity investment is invested in Shariah-compliant stocks which offer attractive dividend yields,” he added.
Tan Sri Teh explains that PIOGF is a capital growth and income fund that is suitable for medium to long-term investors with aggressive risk-reward temperaments. The equity exposure of PIOGF will generally range from 75% to 95% of its net asset value (NAV). PIOGF distributes annual income to the investors on a best effort basis.
The Initial Offer Price of PIOGF is at RM0.2500 per unit during the 21-day initial offer period of 8 April 2008 to 28 April 2008. The minimum initial investment is RM1,000.
PIOGF is distributed by Public Mutual unit trust consultants. Interested investors can contact any Public Mutual unit trust consultant or call its Customer Service Hotline at 03-6207 5000 for more details of the fund.
Public Mutual is the largest private unit trust company in Malaysia, and it manages 61 funds for more than 1,650,000 accountholders. As at 31 December 2007, the total NAV of the funds managed by the company was RM28.4 billion.
Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow said PIOGF is an Islamic equity fund that seeks to provide income and capital growth by investing in Shariah-compliant stocks which offer attractive dividend yields and growth stocks in the domestic market. “PIOGF invests 50% of its equity investment in Shariah-compliant growth stocks in the domestic market while the remaining 50% of its equity investment is invested in Shariah-compliant stocks which offer attractive dividend yields,” he added.
Tan Sri Teh explains that PIOGF is a capital growth and income fund that is suitable for medium to long-term investors with aggressive risk-reward temperaments. The equity exposure of PIOGF will generally range from 75% to 95% of its net asset value (NAV). PIOGF distributes annual income to the investors on a best effort basis.
The Initial Offer Price of PIOGF is at RM0.2500 per unit during the 21-day initial offer period of 8 April 2008 to 28 April 2008. The minimum initial investment is RM1,000.
PIOGF is distributed by Public Mutual unit trust consultants. Interested investors can contact any Public Mutual unit trust consultant or call its Customer Service Hotline at 03-6207 5000 for more details of the fund.
Public Mutual is the largest private unit trust company in Malaysia, and it manages 61 funds for more than 1,650,000 accountholders. As at 31 December 2007, the total NAV of the funds managed by the company was RM28.4 billion.
Public Mutual Declares Distributions For 2 Funds (31 March 2008)
Public Bank’s wholly-owned subsidiary, Public Mutual declares distributions for two of its funds. The gross distributions declared are for financial year ended 31 March 2008:
Public Aggressive Growth Fund - Gross distribution of 15.00 sen per unit
Public Regular Savings Fund- Gross distribution of 10.00 sen per unit
Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow said Public Aggressive Growth Fund and Public Regular Savings Fund have generated a five-year return of 150.8% and 119.2% respectively for the period ended 7 March 2008, according to The Edge-Lipper Fund Table dated 17 March 2008. These funds have outperformed the benchmark Kuala Lumpur Composite Index (KLCI), which registered a gain of 103.9% for the same period.
Public Mutual is the largest private unit trust company in Malaysia, and it manages 61 funds for more than 1,650,000 accountholders. As at 31 December 2007, the total NAV of the funds managed by the company was RM28.4 billion.
Public Aggressive Growth Fund - Gross distribution of 15.00 sen per unit
Public Regular Savings Fund- Gross distribution of 10.00 sen per unit
Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow said Public Aggressive Growth Fund and Public Regular Savings Fund have generated a five-year return of 150.8% and 119.2% respectively for the period ended 7 March 2008, according to The Edge-Lipper Fund Table dated 17 March 2008. These funds have outperformed the benchmark Kuala Lumpur Composite Index (KLCI), which registered a gain of 103.9% for the same period.
Public Mutual is the largest private unit trust company in Malaysia, and it manages 61 funds for more than 1,650,000 accountholders. As at 31 December 2007, the total NAV of the funds managed by the company was RM28.4 billion.
First capital protected fund from Public Bank (24 March 2008)
Public Bank launched its first capital protected fund, PB Capital Protected Dragon Fund (PBCPDF) on 24 March 2008 (Monday). This fund will invest in permitted investments comprising high quality debentures and money market instruments and the balance in a portfolio of equities and equity-related securities in the Greater China region. The fund will be managed by its wholly-owned subsidiary, Public Mutual.
Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow said PBCPDF is a capital protected fixed income fund that seeks to achieve capital appreciation over the tenure of the fund while providing capital protection upon maturity of the fund. PBCPDF is specially designed for investors seeking to protect their capital while participating in the growth prospects of equity markets in the Greater China region. “At least 90% of its net asset value (NAV) will be invested in permitted investments comprising high quality debentures and money market instruments. The balance of the fund’s NAV will be invested in a portfolio of equities and equity-related securities in the Greater China region,” he added.
The Initial Offer Price of PBCPDF is at RM0.9901 per unit during the 45-day initial offer period of 24 March 2008 to 7 May 2008. The service charge is at RM0.0099 per unit, which is 1% of the NAV of the fund during offer period. “As PBCPDF is a closed-end fund, the units will only be sold during Offer Period. The minimum investment for the fund is RM1,000,” said Tan Sri Teh.
Tan Sri Teh added that PBCPDF’s capital is protected with a Capital Protected Value of RM1.0000 per unit at the Maturity Date. The Maturity Date is on 15 May 2011 or earlier if the fund is fully sold before 7 May 2008.
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 PBCPDF.
The manager of the fund, Public Mutual is the largest private unit trust company in Malaysia, and it manages 60 funds for more than 1,650,000 accountholders. As at 31 December 2007, the total NAV of the funds managed by the company was RM28.4 billion.
Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow said PBCPDF is a capital protected fixed income fund that seeks to achieve capital appreciation over the tenure of the fund while providing capital protection upon maturity of the fund. PBCPDF is specially designed for investors seeking to protect their capital while participating in the growth prospects of equity markets in the Greater China region. “At least 90% of its net asset value (NAV) will be invested in permitted investments comprising high quality debentures and money market instruments. The balance of the fund’s NAV will be invested in a portfolio of equities and equity-related securities in the Greater China region,” he added.
The Initial Offer Price of PBCPDF is at RM0.9901 per unit during the 45-day initial offer period of 24 March 2008 to 7 May 2008. The service charge is at RM0.0099 per unit, which is 1% of the NAV of the fund during offer period. “As PBCPDF is a closed-end fund, the units will only be sold during Offer Period. The minimum investment for the fund is RM1,000,” said Tan Sri Teh.
Tan Sri Teh added that PBCPDF’s capital is protected with a Capital Protected Value of RM1.0000 per unit at the Maturity Date. The Maturity Date is on 15 May 2011 or earlier if the fund is fully sold before 7 May 2008.
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 PBCPDF.
The manager of the fund, Public Mutual is the largest private unit trust company in Malaysia, and it manages 60 funds for more than 1,650,000 accountholders. As at 31 December 2007, the total NAV of the funds managed by the company was RM28.4 billion.
Public China Titans Fund to capitalise on China’s large-cap stocks growth prospects (1 April 2008)
Public Bank’s wholly-owned subsidiary, Public Mutual will launch its China’s large-cap stocks fund, Public China Titans Fund (PCTF) on 1 April 2008 (Tuesday). PCTF allows investors to tap into the growth potential of emerging giants in the Greater China region.
Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow said PCTF offers investors the opportunity to capitalise on the growth prospects of large-cap stocks in Greater China region. “The returns of funds that focus on large-cap stocks are usually considered to be more stable than small-cap funds as larger corporations are better positioned to weather economic cycles due to their sheer size, stronger cash flows and dominance in their respective industries. Thus, an equity fund that focuses on large-cap stocks can potentially offer attractive long-term capital growth by investing in large companies with strong track records. Due to their size, these companies are able to weather the impact of tougher economic conditions compared to their smaller counterparts. The Greater China region, comprising China, Hong Kong and Taiwan, offers a wide universe of large-cap stocks,” he added.
PCTF is an equity fund that seeks to achieve capital growth over the medium- to long-term period by investing in companies with market capitalisation of RM10 billion and above in the Greater China region namely China, Hong Kong and Taiwan markets and including China-based companies listed on overseas markets. Up to 98% of the Fund’s net asset value (NAV) can be invested in selected foreign markets which include Hong Kong, China, Taiwan, Singapore, United States of America and other approved markets. The equity exposure of PCTF will generally range from 75% to 90% of its NAV.
Tan Sri Teh added that PCTF is suitable for investors with high risk profile who are optimistic with the long-term growth potential of large-cap stocks in Greater China region, including China-based companies listed on overseas markets.
The Initial Offer Price of PCTF is at RM0.2500 per unit during the 21-day initial offer period of 1 April 2008 to 21 April 2008. During the offer period, a promotional service charge of 5% of NAV per unit is extended to the purchase of units of PCTF by investors.
Tan Sri Teh advises investors to adopt the Dollar Cost Averaging (DCA) principle via Direct Debit Instruction (DDI) in times of market volatility, as the accumulation of units under the DCA spreads out the risk of market volatility and thus results in lower average cost per unit. In order to encourage regular investments and spread your initial investment over a series of smaller investments for a period of time, Public Mutual will run a special DDI Promotion for PCTF whereby any DDI with PCTF during the offer period will enjoy a special promotional service charge of 5.25% of NAV per unit for as long as the DDI is active. Terms and conditions apply.
The minimum initial investment for the fund is RM1,000 and the minimum additional investment is RM100.
PCTF is distributed by Public Mutual’s unit trust consultants. Interested investors can contact any Public Mutual unit trust consultant or call its Customer Service Hotline at 03-6207 5000 for more details of the fund.
Public Mutual is the largest private unit trust company in Malaysia, and it manages 60 funds for more than 1,650,000 accountholders. As at 31 December 2007, the total NAV of the funds managed by the company was RM28.4 billion.
Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow said PCTF offers investors the opportunity to capitalise on the growth prospects of large-cap stocks in Greater China region. “The returns of funds that focus on large-cap stocks are usually considered to be more stable than small-cap funds as larger corporations are better positioned to weather economic cycles due to their sheer size, stronger cash flows and dominance in their respective industries. Thus, an equity fund that focuses on large-cap stocks can potentially offer attractive long-term capital growth by investing in large companies with strong track records. Due to their size, these companies are able to weather the impact of tougher economic conditions compared to their smaller counterparts. The Greater China region, comprising China, Hong Kong and Taiwan, offers a wide universe of large-cap stocks,” he added.
PCTF is an equity fund that seeks to achieve capital growth over the medium- to long-term period by investing in companies with market capitalisation of RM10 billion and above in the Greater China region namely China, Hong Kong and Taiwan markets and including China-based companies listed on overseas markets. Up to 98% of the Fund’s net asset value (NAV) can be invested in selected foreign markets which include Hong Kong, China, Taiwan, Singapore, United States of America and other approved markets. The equity exposure of PCTF will generally range from 75% to 90% of its NAV.
Tan Sri Teh added that PCTF is suitable for investors with high risk profile who are optimistic with the long-term growth potential of large-cap stocks in Greater China region, including China-based companies listed on overseas markets.
The Initial Offer Price of PCTF is at RM0.2500 per unit during the 21-day initial offer period of 1 April 2008 to 21 April 2008. During the offer period, a promotional service charge of 5% of NAV per unit is extended to the purchase of units of PCTF by investors.
Tan Sri Teh advises investors to adopt the Dollar Cost Averaging (DCA) principle via Direct Debit Instruction (DDI) in times of market volatility, as the accumulation of units under the DCA spreads out the risk of market volatility and thus results in lower average cost per unit. In order to encourage regular investments and spread your initial investment over a series of smaller investments for a period of time, Public Mutual will run a special DDI Promotion for PCTF whereby any DDI with PCTF during the offer period will enjoy a special promotional service charge of 5.25% of NAV per unit for as long as the DDI is active. Terms and conditions apply.
The minimum initial investment for the fund is RM1,000 and the minimum additional investment is RM100.
PCTF is distributed by Public Mutual’s unit trust consultants. Interested investors can contact any Public Mutual unit trust consultant or call its Customer Service Hotline at 03-6207 5000 for more details of the fund.
Public Mutual is the largest private unit trust company in Malaysia, and it manages 60 funds for more than 1,650,000 accountholders. As at 31 December 2007, the total NAV of the funds managed by the company was RM28.4 billion.
PB China ASEAN Equity Fund to capitalise on China and ASEAN growth prospects (5 March 2008)
Public Bank will launch a China ASEAN fund, PB China ASEAN Equity Fund (PBCAEF) on 5 March 2008 (Wednesday). PBCAEF will invest in China stocks and the balance in stocks listed on ASEAN (Association of South-East Asian Nations) markets. The fund will be managed by its wholly-owned subsidiary, Public Mutual.
Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow said PBCAEF offers investors the opportunity to capitalise on the solid growth prospects in China and ASEAN. Over the past five years, the Chinese and the ASEAN stock markets have been among the best performing markets globally on the back of resilient economic growth, accommodative monetary policies and healthy earnings growth. “China’s Gross Domestic Product (GDP) growth is expected to remain robust due to resilient domestic consumption, investment and exports while the growth prospects of ASEAN economies continue to be promising with domestic demand spearheading economies activities,” he added.
Tan Sri Teh believes that PBCAEF will offer investors the opportunity to capitalise on the solid investment prospects in China and ASEAN markets.
PBCAEF is an equity fund that seeks to achieve capital growth over the medium- to long-term period by investing in a diversified portfolio of China stocks with the balance in stocks listed on ASEAN markets. A minimum of 50% of PBCAEF’s net asset value (NAV) will be invested in China stocks listed on the China, Hong Kong, United States of America and other approved markets. The equity exposure of PBCAEF will generally range from 75% to 90% of its NAV.
Tan Sri Teh added that PBCAEF is suitable for long-term investors with high risk profile who wish to participate in the growth prospects of China and ASEAN.
The issue price / NAV of PBCAEF is at RM0.2500 per unit during the 21-day initial offer period of 5 March 2008 to 25 March 2008. During the offer period, a promotional service charge of 5% of NAV per unit is extended to the purchase of units of PBCAEF by investors.
Tan Sri Teh advises investors to adopt the Dollar Cost Averaging (DCA) principle via Direct Debit Instruction (DDI) in times of market volatility, as the accumulation of units under the DCA spreads out the risk of market volatility and thus results in lower average costs per unit. In order to encourage regular investments and spread your initial investment over a series of smaller investments for a period of time, Public Mutual will run a special DDI Promotion for PBCAEF whereby any DDI with PBCAEF during the offer period will enjoy a special promotional service charge of 5.25% of NAV per unit for as long as the DDI is active. Terms and conditions apply.
The minimum initial investment for the fund 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 PBCAEF.
The manager of the fund, Public Mutual is the largest private unit trust company in Malaysia, and it manages 58 funds for more than 1,650,000 accountholders. As at 31 December 2007, the total NAV of the funds managed by the company was RM28.4 billion.
Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow said PBCAEF offers investors the opportunity to capitalise on the solid growth prospects in China and ASEAN. Over the past five years, the Chinese and the ASEAN stock markets have been among the best performing markets globally on the back of resilient economic growth, accommodative monetary policies and healthy earnings growth. “China’s Gross Domestic Product (GDP) growth is expected to remain robust due to resilient domestic consumption, investment and exports while the growth prospects of ASEAN economies continue to be promising with domestic demand spearheading economies activities,” he added.
Tan Sri Teh believes that PBCAEF will offer investors the opportunity to capitalise on the solid investment prospects in China and ASEAN markets.
PBCAEF is an equity fund that seeks to achieve capital growth over the medium- to long-term period by investing in a diversified portfolio of China stocks with the balance in stocks listed on ASEAN markets. A minimum of 50% of PBCAEF’s net asset value (NAV) will be invested in China stocks listed on the China, Hong Kong, United States of America and other approved markets. The equity exposure of PBCAEF will generally range from 75% to 90% of its NAV.
Tan Sri Teh added that PBCAEF is suitable for long-term investors with high risk profile who wish to participate in the growth prospects of China and ASEAN.
The issue price / NAV of PBCAEF is at RM0.2500 per unit during the 21-day initial offer period of 5 March 2008 to 25 March 2008. During the offer period, a promotional service charge of 5% of NAV per unit is extended to the purchase of units of PBCAEF by investors.
Tan Sri Teh advises investors to adopt the Dollar Cost Averaging (DCA) principle via Direct Debit Instruction (DDI) in times of market volatility, as the accumulation of units under the DCA spreads out the risk of market volatility and thus results in lower average costs per unit. In order to encourage regular investments and spread your initial investment over a series of smaller investments for a period of time, Public Mutual will run a special DDI Promotion for PBCAEF whereby any DDI with PBCAEF during the offer period will enjoy a special promotional service charge of 5.25% of NAV per unit for as long as the DDI is active. Terms and conditions apply.
The minimum initial investment for the fund 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 PBCAEF.
The manager of the fund, Public Mutual is the largest private unit trust company in Malaysia, and it manages 58 funds for more than 1,650,000 accountholders. As at 31 December 2007, the total NAV of the funds managed by the company was RM28.4 billion.
Wednesday, April 23, 2008
Public Mutual emerged as the biggest winner for the 5th consecutive year at The Edge-Lipper Malaysia Fund Awards 2008
Public Bank’s wholly-owned subsidiary, Public Mutual emerged for the fifth consecutive year as the biggest winner at The Edge-Lipper Malaysia Fund Awards 2008 by winning 8 of the 20 awards, including the Lipper award for Best Equity Group for 3 years category.
Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow said that he is very proud that Public Mutual continues to win the most number of awards at this year’s The Edge-Lipper Malaysia Fund Awards. “The icing of the cake is this is the fifth straight time that we have done it,” he added.
He attributed the company’s success to its effective investment strategies. He also thanked the fundholders for their confidence and support.
The awards were presented by Y.Bhg Dato’ Zarinah Anwar, Chairman of the Securities Commission Malaysia to Public Mutual’s Chief Executive Officer, Yeoh Kim Hong and the investment team during the award presentation ceremony which was held on 26 February 2008 at the Hilton Kuala Lumpur Hotel.
The 8 awards won by Public Mutual are:
Public Mutual Berhad: Best Equity Group Award, 3 Years
PB Fixed Income Fund: Bond Malaysian Ringgit, 5 years
PB Growth Fund: Best Equity Malaysia Fund, 5 years
Public SmallCap Fund: Best Equity Malaysia Small and Mid Caps Fund, 5 years
PB Balanced Fund: Best Mixed Asset Malaysian Ringgit Balanced Fund, 5 years
Public Ittikal Fund: Best Equity Malaysia Fund, 5 years & Best Equity Malaysia Fund, 10 years
Public Bond Fund: Best Bond Malaysian Ringgit Fund, 10 years
Public Mutual is the largest private unit trust company in Malaysia, and it manages 58 funds for more than 1,650,000 accountholders. As at 31 December 2007, the total NAV of the funds managed by the company was RM28.4 billion.
Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow said that he is very proud that Public Mutual continues to win the most number of awards at this year’s The Edge-Lipper Malaysia Fund Awards. “The icing of the cake is this is the fifth straight time that we have done it,” he added.
He attributed the company’s success to its effective investment strategies. He also thanked the fundholders for their confidence and support.
The awards were presented by Y.Bhg Dato’ Zarinah Anwar, Chairman of the Securities Commission Malaysia to Public Mutual’s Chief Executive Officer, Yeoh Kim Hong and the investment team during the award presentation ceremony which was held on 26 February 2008 at the Hilton Kuala Lumpur Hotel.
The 8 awards won by Public Mutual are:
Public Mutual Berhad: Best Equity Group Award, 3 Years
PB Fixed Income Fund: Bond Malaysian Ringgit, 5 years
PB Growth Fund: Best Equity Malaysia Fund, 5 years
Public SmallCap Fund: Best Equity Malaysia Small and Mid Caps Fund, 5 years
PB Balanced Fund: Best Mixed Asset Malaysian Ringgit Balanced Fund, 5 years
Public Ittikal Fund: Best Equity Malaysia Fund, 5 years & Best Equity Malaysia Fund, 10 years
Public Bond Fund: Best Bond Malaysian Ringgit Fund, 10 years
Public Mutual is the largest private unit trust company in Malaysia, and it manages 58 funds for more than 1,650,000 accountholders. As at 31 December 2007, the total NAV of the funds managed by the company was RM28.4 billion.
Latest Notice on Determination of Pricing for EPF Investments
Public Mutual have been advised by Federation of Malaysian Unit Trust Managers (FMUTM) on 25 March 2008 that the new industry standard where investment withdrawal under the EPF Members' Investment Scheme will be processed based on pricing determined at the close of the next business day upon receipt of payment from EPF effective 1 April 2008 has been deferred.
Accordingly, our pricing policy for EPF investments will remain unchanged, i.e. pricing will be determined at the close of the business day upon receipt of the completed EPF application forms by Public Mutual.
Please contact our Hotline 03 - 6207 5000 should you require further information.
Accordingly, our pricing policy for EPF investments will remain unchanged, i.e. pricing will be determined at the close of the business day upon receipt of the completed EPF application forms by Public Mutual.
Please contact our Hotline 03 - 6207 5000 should you require further information.
Non-Business Days for China Funds
The Non-Business Days for our China funds include days when the Hong Kong Stock Exchange is closed for business. This is to ensure that investors will be given a fair valuation of the funds at all times, be it when buying or redeeming units of the funds.
List of China Funds
-Public China Select Fund (PCSF)
-Public China Ittikal Fund (PCIF)
-PB China Pacific Equity Fund (PBCPEF)
-PB China ASEAN Equity Fund (PBCAEF)
-Public China Titans Fund (PCTF)
List of Non - Trading Days for Hong Kong Stock Exchange but Normal Business Days for Bursa Securities
The following days are declared as Non - Business Days for our China Funds:
21/03/08 Good Friday
24/03/08 Easter Monday
04/04/08 Ching Ming Festival
12/05/08 Buddha's Birthday
09/06/08 Tuen Ng Festival
01/07/08 Hong Kong Special Administrative Region Establishment Day
15/09/08 Monday Moon Festival
01/10/08 China National Day (May also be first day of Hari Raya)
07/10/08 Chung Yeung Festival
26/12/08 Friday Boxing Day
List of China Funds
-Public China Select Fund (PCSF)
-Public China Ittikal Fund (PCIF)
-PB China Pacific Equity Fund (PBCPEF)
-PB China ASEAN Equity Fund (PBCAEF)
-Public China Titans Fund (PCTF)
List of Non - Trading Days for Hong Kong Stock Exchange but Normal Business Days for Bursa Securities
The following days are declared as Non - Business Days for our China Funds:
21/03/08 Good Friday
24/03/08 Easter Monday
04/04/08 Ching Ming Festival
12/05/08 Buddha's Birthday
09/06/08 Tuen Ng Festival
01/07/08 Hong Kong Special Administrative Region Establishment Day
15/09/08 Monday Moon Festival
01/10/08 China National Day (May also be first day of Hari Raya)
07/10/08 Chung Yeung Festival
26/12/08 Friday Boxing Day
Remain Calm Through Market Turbulence
In the wake of the turbulence of stock markets in recent months, unit trust investors may be tempted to either sell or buy. However, investors are advised to remain calm and practise dollar cost averaging with their long-term goals in view.
When regional and global markets succumbed to panic selling in August 2007 and more recently in January 2008, the severity and sharpness of the correction was large enough to make unit trust investors ask themselves whether they should redeem now to stem further losses or buy more units at currently low prices. In fact, if they practise dollar cost averaging, they need not concern themselves with these timing issues. Dollar cost averaging enables investors to automatically buy more units when prices fall and fewer units when prices rise.
It is especially during times of market volatility that individual investors should remain focused on their long-term investment goals and keep their emotions from influencing their investment decisions. A disciplined and methodical approach to investing is the key to long-term investment success.
Unit trust investors are advised to buy and hold their investments for the medium to long term. The buy-and-hold principle is based on the notion that a good investment will generate reasonably attractive returns over the medium to long term. This also means that investors are able to distinguish between daily movements in the market and the underlying long-term value of their investments. Professional fund managers buy and hold for the medium to long term as they are prepared to wait patiently over several years for their investments to reach their intrinsic or fair values. For the unit trust investor, the 'buy-and-hold' strategy can also be applied by holding on to a well-selected unit trust fund over a period of at least three years.
There are some investors who believe they can achieve superior returns by timing the purchase and redemption of equity funds to profit from the stockmarket's short-term movements. These investors are tempted to engage in timing the market especially in an environment where equity markets are volatile. Such investors who wish to make quick gains in the stock market by switching from one fund into another fund will often be disappointed. Market timing strategies that are often recommended by 'investment experts' have seldom been successful. This is because stock markets are inherently volatile and are impossible to predict with numerous factors, both domestic and foreign, affecting daily and weekly fluctuations in stock prices.
Investors who wish to take a more active approach with their investments by timing the market will expose themselves to many risks. In order to profit from the market's short-term trends, the investor has to correctly predict the market's trend and its turning points.
Without the appropriate skills to discern signals and time the entries and exits, the market timer may not only miss opportunities, but also potentially suffer the blow of rapid losses. Also with a higher frequency of fund switching, investors will have to incur increased transaction costs.
Investors who are concerned about market volatility are advised to practise dollar cost averaging as this strategy enables investors to focus on the long-term investment goal and not worry about the prevailing level of the market. Dollar cost averaging is simply investing a fixed amount of money in a financial asset (such as a unit trust fund) on a regular basis (monthly, quarterly, biannual) regardless of the market cycle. By investing a fixed amount on a regular basis, investors will buy more units when the market is lower and fewer units when the market is higher. This strategy will produce a lower average cost of investment than the average market price over any given period.
In addition, investors are also advised to rebalance their portfolios regularly at least once a year to ensure that their portfolio allocation reflects their investment objectives and risk profile. Thus if, as a result of an uptrend in stock prices, an investor's equity exposure has exceeded a level consistent with his risk tolerance, he can trim a portion of the equity funds and switch into bond or money market funds to rebalance the asset allocation accordingly. Maintaining a target asset allocation reduces the risk that the portfolio becomes too concentrated in a single asset class.
In conclusion, unit trust investors should always focus on achieving their medium to long-term investment goals. The practice of dollar cost averaging and regular portfolio rebalancing are effective tools that help investors remain focused on the long term horizon and prevent them from over-reacting to short-term movements of the stockmarket.
When regional and global markets succumbed to panic selling in August 2007 and more recently in January 2008, the severity and sharpness of the correction was large enough to make unit trust investors ask themselves whether they should redeem now to stem further losses or buy more units at currently low prices. In fact, if they practise dollar cost averaging, they need not concern themselves with these timing issues. Dollar cost averaging enables investors to automatically buy more units when prices fall and fewer units when prices rise.
It is especially during times of market volatility that individual investors should remain focused on their long-term investment goals and keep their emotions from influencing their investment decisions. A disciplined and methodical approach to investing is the key to long-term investment success.
Unit trust investors are advised to buy and hold their investments for the medium to long term. The buy-and-hold principle is based on the notion that a good investment will generate reasonably attractive returns over the medium to long term. This also means that investors are able to distinguish between daily movements in the market and the underlying long-term value of their investments. Professional fund managers buy and hold for the medium to long term as they are prepared to wait patiently over several years for their investments to reach their intrinsic or fair values. For the unit trust investor, the 'buy-and-hold' strategy can also be applied by holding on to a well-selected unit trust fund over a period of at least three years.
There are some investors who believe they can achieve superior returns by timing the purchase and redemption of equity funds to profit from the stockmarket's short-term movements. These investors are tempted to engage in timing the market especially in an environment where equity markets are volatile. Such investors who wish to make quick gains in the stock market by switching from one fund into another fund will often be disappointed. Market timing strategies that are often recommended by 'investment experts' have seldom been successful. This is because stock markets are inherently volatile and are impossible to predict with numerous factors, both domestic and foreign, affecting daily and weekly fluctuations in stock prices.
Investors who wish to take a more active approach with their investments by timing the market will expose themselves to many risks. In order to profit from the market's short-term trends, the investor has to correctly predict the market's trend and its turning points.
Without the appropriate skills to discern signals and time the entries and exits, the market timer may not only miss opportunities, but also potentially suffer the blow of rapid losses. Also with a higher frequency of fund switching, investors will have to incur increased transaction costs.
Investors who are concerned about market volatility are advised to practise dollar cost averaging as this strategy enables investors to focus on the long-term investment goal and not worry about the prevailing level of the market. Dollar cost averaging is simply investing a fixed amount of money in a financial asset (such as a unit trust fund) on a regular basis (monthly, quarterly, biannual) regardless of the market cycle. By investing a fixed amount on a regular basis, investors will buy more units when the market is lower and fewer units when the market is higher. This strategy will produce a lower average cost of investment than the average market price over any given period.
In addition, investors are also advised to rebalance their portfolios regularly at least once a year to ensure that their portfolio allocation reflects their investment objectives and risk profile. Thus if, as a result of an uptrend in stock prices, an investor's equity exposure has exceeded a level consistent with his risk tolerance, he can trim a portion of the equity funds and switch into bond or money market funds to rebalance the asset allocation accordingly. Maintaining a target asset allocation reduces the risk that the portfolio becomes too concentrated in a single asset class.
In conclusion, unit trust investors should always focus on achieving their medium to long-term investment goals. The practice of dollar cost averaging and regular portfolio rebalancing are effective tools that help investors remain focused on the long term horizon and prevent them from over-reacting to short-term movements of the stockmarket.
Thursday, January 3, 2008
Public Mutual Launches Its First Consumer Themes Fund (8 January 2008)
Public Bank’s wholly-owned subsidiary, Public Mutual launches its first Far-East consumer themes fund, Public Far-East Consumer Themes Fund (PFECTF) on 8 January 2008 (Tuesday). PFECTF allows investors to tap into the growth potential of rising consumer spending in the Far-East markets.
Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow said consumer spending generally accounts for a significant share of Gross Domestic Product (GDP) in most economies. This is no different in Asia where consumer spending accounts for about half of GDP. In the 2001-2006 period, consumer spending in Indonesia and China grew at healthy annual rates of 13.6% and 10.4% respectively on the back of rising income and urbanisation. Meanwhile, South Korea, Malaysia and Thailand’s consumer spending growth were also impressive at around 9.0%-9.5% per annum, backed by strong consumer confidence amidst generally buoyant economic activities.
He added that in the Far-East region, consumer spending has been fuelled by robust growth in disposable incomes, the wealth effect from rising equity and property markets, increased urbanisation, healthy tourism activities and attractive lending rates.
Tan Sri Teh said that PFECTF is positioned to benefit from the robust growth of consumer spending in the Far-East region.
PFECTF is an equity fund that seeks to achieve long-term capital appreciation by investing in securities, mainly equities, in the consumer sector in the domestic and foreign markets. The fund may also invest in multinational corporations in the consumer sector which sell their products in Far-East markets or have distribution outlets/establishments in the Far-East region and are listed in United States, Europe and Australian markets.
Tan Sri Teh added that PFECTF is suitable for aggressive investors who can withstand extended periods of market highs and lows to achieve medium- to long-term capital growth for their investments.
The issue price / net asset value (NAV) of PFECTF is at RM0.2500 per unit during the 21-day initial offer period of 8 January 2008 to 28 January 2008. During the offer period, a special promotional service charge of 5% of NAV per unit is extended to the purchase of units of PFECTF by investors. Investors who opt for Direct Debit Instruction with PFECTF during the offer period will enjoy a special promotional service charge of 5.25% of NAV per unit for as long as the Direct Debit is active. Terms and conditions apply. The minimum initial investment for the fund is RM1,000 and the minimum additional investment is RM100.
PFECTF is distributed by Public Mutual’s unit trust consultants. Interested investors can contact any Public Mutual unit trust consultant or call its Customer Service Hotline at 03-6279 5252 for more details of the fund.
Public Mutual is the largest private unit trust company in Malaysia and it currently manages 55 funds for more than 1,350,000 accountholders. As at 30 November 2007, the total net asset value of the funds managed by the company was RM27.4 billion.
Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow said consumer spending generally accounts for a significant share of Gross Domestic Product (GDP) in most economies. This is no different in Asia where consumer spending accounts for about half of GDP. In the 2001-2006 period, consumer spending in Indonesia and China grew at healthy annual rates of 13.6% and 10.4% respectively on the back of rising income and urbanisation. Meanwhile, South Korea, Malaysia and Thailand’s consumer spending growth were also impressive at around 9.0%-9.5% per annum, backed by strong consumer confidence amidst generally buoyant economic activities.
He added that in the Far-East region, consumer spending has been fuelled by robust growth in disposable incomes, the wealth effect from rising equity and property markets, increased urbanisation, healthy tourism activities and attractive lending rates.
Tan Sri Teh said that PFECTF is positioned to benefit from the robust growth of consumer spending in the Far-East region.
PFECTF is an equity fund that seeks to achieve long-term capital appreciation by investing in securities, mainly equities, in the consumer sector in the domestic and foreign markets. The fund may also invest in multinational corporations in the consumer sector which sell their products in Far-East markets or have distribution outlets/establishments in the Far-East region and are listed in United States, Europe and Australian markets.
Tan Sri Teh added that PFECTF is suitable for aggressive investors who can withstand extended periods of market highs and lows to achieve medium- to long-term capital growth for their investments.
The issue price / net asset value (NAV) of PFECTF is at RM0.2500 per unit during the 21-day initial offer period of 8 January 2008 to 28 January 2008. During the offer period, a special promotional service charge of 5% of NAV per unit is extended to the purchase of units of PFECTF by investors. Investors who opt for Direct Debit Instruction with PFECTF during the offer period will enjoy a special promotional service charge of 5.25% of NAV per unit for as long as the Direct Debit is active. Terms and conditions apply. The minimum initial investment for the fund is RM1,000 and the minimum additional investment is RM100.
PFECTF is distributed by Public Mutual’s unit trust consultants. Interested investors can contact any Public Mutual unit trust consultant or call its Customer Service Hotline at 03-6279 5252 for more details of the fund.
Public Mutual is the largest private unit trust company in Malaysia and it currently manages 55 funds for more than 1,350,000 accountholders. As at 30 November 2007, the total net asset value of the funds managed by the company was RM27.4 billion.
Wednesday, January 2, 2008
Public Mutual Declares Distributions For 5 Funds (31 December 2007)
Public Bank’s wholly-owned subsidiary, Public Mutual declares distributions for five of its funds. The gross distributions declared are for financial year / period ended 31 December 2007:
Public Savings Fund - Gross distribution of 10.00 sen per unit
Public Focus Select Fund - Gross distribution of 7.50 sen per unit
PB Growth Fund - Gross distribution of 9.00 sen per unit
PB Balanced Fund - Gross distribution of 10.00 sen per unit
Public Islamic Enhanced Bond Fund - Gross distribution of 3.50 sen per unit
Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow said Public Savings Fund, Public Focus Select Fund and PB Growth Fund have generated a one-year return of 35.24%, 32.87% and 56.10% respectively for the period ended 7 December 2007, according to The Edge-Lipper Fund Table dated 17 December 2007. These funds have generally outperformed the benchmark Kuala Lumpur Composite Index (KLCI), which registered a gain of 30.57% for the same period.
As for PB Balanced Fund, it has generated a one-year return of 33.70% for the period ended 7 December 2007. This fund has outperformed its benchmark of 19.44% for the same period.
Public Islamic Enhanced Bond Fund, on the other hand has also outperformed its benchmark 12-month General Investment Account-rates of 3.70%, with a one-year return of 5.02% for the same period.
Public Mutual is the largest private unit trust company in Malaysia and it currently manages 55 funds for more than 1,350,000 accountholders. As at 30 November 2007, the total net asset value of the funds managed by the company was RM27.4 billion.
Public Savings Fund - Gross distribution of 10.00 sen per unit
Public Focus Select Fund - Gross distribution of 7.50 sen per unit
PB Growth Fund - Gross distribution of 9.00 sen per unit
PB Balanced Fund - Gross distribution of 10.00 sen per unit
Public Islamic Enhanced Bond Fund - Gross distribution of 3.50 sen per unit
Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow said Public Savings Fund, Public Focus Select Fund and PB Growth Fund have generated a one-year return of 35.24%, 32.87% and 56.10% respectively for the period ended 7 December 2007, according to The Edge-Lipper Fund Table dated 17 December 2007. These funds have generally outperformed the benchmark Kuala Lumpur Composite Index (KLCI), which registered a gain of 30.57% for the same period.
As for PB Balanced Fund, it has generated a one-year return of 33.70% for the period ended 7 December 2007. This fund has outperformed its benchmark of 19.44% for the same period.
Public Islamic Enhanced Bond Fund, on the other hand has also outperformed its benchmark 12-month General Investment Account-rates of 3.70%, with a one-year return of 5.02% for the same period.
Public Mutual is the largest private unit trust company in Malaysia and it currently manages 55 funds for more than 1,350,000 accountholders. As at 30 November 2007, the total net asset value of the funds managed by the company was RM27.4 billion.
Public Bank Launches Its First Real Estate Fund (18 December 2007)
Public Bank will launch its first Asia real estate fund, PB Asia Real Estate Income Fund (PBAREIF) on 18 December 2007. PBAREIF offers investors the opportunity to participate in the growth prospects of Asia’s property sector and real estate investment trusts (REITs).
PBAREIF which is managed by Public Mutual, comes with free insurance coverage of up to RM100,000 per qualified unitholder. Terms and conditions apply.
Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow said PBAREIF is designed to capture the investment opportunities in Asia’s robust property, hotel & resorts and REITs markets. “PBAREIF is ideal for medium- to long-term investors as it enables them to invest in a dynamic and diversified manner across the different types of properties and across multiple markets and economies in the Asia region,” he added.
He also said that property markets in Asia are supported by sustained economic growth, higher disposable incomes, stable interest rates and increasing liberalisation of foreign ownership regulations. Urbanisation and the inflow of expatriates in Asia have also helped fuel demand for property investments. To illustrate the growth of Asia’s property market, Tan Sri Teh noted that the Asia Pacific Real Estate Sector Index achieved a total return of 31.94% in 2006 compared to 4.68% in 2005. The Asia Pacific Real Estate Sector Index is an index of more than 285 property stocks and REITs listed in regional markets. “For year-to-date until 31 October 2007, the Asia Pacific Real Estate Sector Index registered a total return of 27.89%,” he said.
According to Tan Sri Teh, PBAREIF is an actively managed balanced fund which seeks to meet its objective of achieving capital growth and income in the medium- to long-term period by adhering to a balanced asset allocation with 40% to 60% of its net asset value (NAV) in equities and REITs. The fund focuses on investing in companies that are principally engaged in property, hotel and resorts investment and development and REITs in domestic and regional markets to provide capital growth for the fund. “Up to 60% of the fund’s NAV can be invested in selected regional markets which include Japan, Australia, South Korea, Taiwan, China, Hong Kong, New Zealand, Singapore, Thailand, Philippines, Indonesia and other approved markets. The equity exposure of PBAREIF will generally range from 40% to 60% of its NAV. To help generate interest income, the balance of the fund’s NAV will be invested in domestic fixed income securities such as sovereign bonds, corporate debt and money market instruments,” he explained.
PBAREIF is suitable for conservative to moderate investors with a preference for regular income and a respectable level of capital growth. During the 21-day initial offer period of 18 December 2007 to 7 January 2008, the issue price / NAV of PBAREIF is at RM0.2500 per unit with a promotional service charge of 5.45% of NAV per unit. Investors who opt for Direct Debit Instruction with PBAREIF during the offer period will also enjoy the special promotional service charge of 5.45% of NAV per unit for as long as the Direct Debit is active. Terms and conditions apply. The minimum initial investment for the fund 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 PBAREIF.
The manager of the fund, Public Mutual is a wholly-owned subsidiary of Public Bank. Public Mutual, which is the largest private unit trust company in Malaysia, manages 54 funds for more than 1,350,000 accountholders. As at 30 November 2007, the total net asset value of the funds managed by the company was RM27.4 billion.
PBAREIF which is managed by Public Mutual, comes with free insurance coverage of up to RM100,000 per qualified unitholder. Terms and conditions apply.
Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow said PBAREIF is designed to capture the investment opportunities in Asia’s robust property, hotel & resorts and REITs markets. “PBAREIF is ideal for medium- to long-term investors as it enables them to invest in a dynamic and diversified manner across the different types of properties and across multiple markets and economies in the Asia region,” he added.
He also said that property markets in Asia are supported by sustained economic growth, higher disposable incomes, stable interest rates and increasing liberalisation of foreign ownership regulations. Urbanisation and the inflow of expatriates in Asia have also helped fuel demand for property investments. To illustrate the growth of Asia’s property market, Tan Sri Teh noted that the Asia Pacific Real Estate Sector Index achieved a total return of 31.94% in 2006 compared to 4.68% in 2005. The Asia Pacific Real Estate Sector Index is an index of more than 285 property stocks and REITs listed in regional markets. “For year-to-date until 31 October 2007, the Asia Pacific Real Estate Sector Index registered a total return of 27.89%,” he said.
According to Tan Sri Teh, PBAREIF is an actively managed balanced fund which seeks to meet its objective of achieving capital growth and income in the medium- to long-term period by adhering to a balanced asset allocation with 40% to 60% of its net asset value (NAV) in equities and REITs. The fund focuses on investing in companies that are principally engaged in property, hotel and resorts investment and development and REITs in domestic and regional markets to provide capital growth for the fund. “Up to 60% of the fund’s NAV can be invested in selected regional markets which include Japan, Australia, South Korea, Taiwan, China, Hong Kong, New Zealand, Singapore, Thailand, Philippines, Indonesia and other approved markets. The equity exposure of PBAREIF will generally range from 40% to 60% of its NAV. To help generate interest income, the balance of the fund’s NAV will be invested in domestic fixed income securities such as sovereign bonds, corporate debt and money market instruments,” he explained.
PBAREIF is suitable for conservative to moderate investors with a preference for regular income and a respectable level of capital growth. During the 21-day initial offer period of 18 December 2007 to 7 January 2008, the issue price / NAV of PBAREIF is at RM0.2500 per unit with a promotional service charge of 5.45% of NAV per unit. Investors who opt for Direct Debit Instruction with PBAREIF during the offer period will also enjoy the special promotional service charge of 5.45% of NAV per unit for as long as the Direct Debit is active. Terms and conditions apply. The minimum initial investment for the fund 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 PBAREIF.
The manager of the fund, Public Mutual is a wholly-owned subsidiary of Public Bank. Public Mutual, which is the largest private unit trust company in Malaysia, manages 54 funds for more than 1,350,000 accountholders. As at 30 November 2007, the total net asset value of the funds managed by the company was RM27.4 billion.
Public Mutual sold about RM1 billion of its first China Islamic fund
Public Bank’s wholly-owned subsidiary, Public Mutual announced that about RM1 billion worth of units of its recently launched Public China Ittikal Fund (PCIF) were sold during its offer period which ended on 10 December 2007. PCIF was launched on 20 November 2007.
Chief Executive Officer Yeoh Kim Hong said the demand for PCIF has been overwhelming and the company has increased the fund size of PCIF to 5 billion units to cater to the robust demand of this fund. “The fund received good response as this is the first China Islamic fund in the country that offers investors the opportunity to ride on the solid growth prospects of the Greater China region,” she explained.
She continues to say that the Greater China region which encompasses China, Hong Kong and Taiwan presents significant growth opportunities. The Chinese economy is projected to grow steadily at 11.2% for 2007 and 10.6% for 2008, supported by resilient domestic consumption, investment and exports. “China has emerged as a major growth engine for this region apart from the U.S with real Gross Domestic Product (GDP) growth sustained at a robust pace averaging 9.2% annually. Driven by strong domestic demand and robust tourist arrivals, Hong Kong’s GDP growth is set to expand at above 5% for 2007/2008. Meanwhile, GDP growth for Taiwan is projected at above 4% for 2007/2008 amidst resilient investment spending and global demand for electronic products,” she added.
PCIF is an Islamic equity fund that seeks to achieve capital growth over the medium- to long-term period by investing in a portfolio of Shariah-compliant investments in the Greater China region and the balance in the domestic market. The fund will invest a minimum of 70% of its net asset value (NAV) in the Greater China region namely in China, Hong Kong and Taiwan stocks.
She added that PCIF is suitable for aggressive investors who can withstand extended periods of market highs and lows to achieve medium- to long-term capital growth for their investments.
PCIF is distributed by Public Mutual’s unit trust consultants.
Public Mutual is the largest private unit trust company in Malaysia and it currently manages 54 funds for more than 1,350,000 accountholders. As at 30 November 2007, the total net asset value of the funds managed by the company was RM27.4 billion.
Chief Executive Officer Yeoh Kim Hong said the demand for PCIF has been overwhelming and the company has increased the fund size of PCIF to 5 billion units to cater to the robust demand of this fund. “The fund received good response as this is the first China Islamic fund in the country that offers investors the opportunity to ride on the solid growth prospects of the Greater China region,” she explained.
She continues to say that the Greater China region which encompasses China, Hong Kong and Taiwan presents significant growth opportunities. The Chinese economy is projected to grow steadily at 11.2% for 2007 and 10.6% for 2008, supported by resilient domestic consumption, investment and exports. “China has emerged as a major growth engine for this region apart from the U.S with real Gross Domestic Product (GDP) growth sustained at a robust pace averaging 9.2% annually. Driven by strong domestic demand and robust tourist arrivals, Hong Kong’s GDP growth is set to expand at above 5% for 2007/2008. Meanwhile, GDP growth for Taiwan is projected at above 4% for 2007/2008 amidst resilient investment spending and global demand for electronic products,” she added.
PCIF is an Islamic equity fund that seeks to achieve capital growth over the medium- to long-term period by investing in a portfolio of Shariah-compliant investments in the Greater China region and the balance in the domestic market. The fund will invest a minimum of 70% of its net asset value (NAV) in the Greater China region namely in China, Hong Kong and Taiwan stocks.
She added that PCIF is suitable for aggressive investors who can withstand extended periods of market highs and lows to achieve medium- to long-term capital growth for their investments.
PCIF is distributed by Public Mutual’s unit trust consultants.
Public Mutual is the largest private unit trust company in Malaysia and it currently manages 54 funds for more than 1,350,000 accountholders. As at 30 November 2007, the total net asset value of the funds managed by the company was RM27.4 billion.
Public Mutual Declares Distributions For 8 Funds (30 November 2007)
Public Bank’s wholly-owned subsidiary, Public Mutual declares distributions for eight of its funds. The gross distributions declared are for financial year / period ended 30 November 2007:
Public Ittikal Fund - Gross distribution of 10.00 sen per unit
Public Dividend Select Fund - Gross distribution of 3.75 sen per unit
Public Islamic Equity Fund - Gross distribution of 5.00 sen per unit
Public Far-East Select Fund - Gross distribution of 4.00 sen per unit
Public Regional Sector Fund - Gross distribution of 3.50 sen per unit
Public Far-East Dividend Fund - Gross distribution of 2.00 sen per unit
Public Balanced Fund - Gross distribution of 10.00 sen per unit
Public Islamic Balanced Fund - Gross distribution of 2.25 sen per unit
Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow said Public Ittikal Fund, Public Dividend Select Fund and Public Islamic Equity Fund have generated a one-year return of 37.43%, 36.63% and 40.04% respectively for the period ended 16 November 2007, according to The Edge-Lipper Fund Table dated 26 November 2007.
As for Public Far-East Select Fund and Public Regional Sector Fund, both funds have generated a one-year return of 43.19% and 35.42% respectively for the period ended 16 November 2007. Both funds have outperformed their benchmarks of 33.10% and 29.53% respectively for the same period.
Public Far-East Dividend Fund which was launched in November 2006, has generated a six-month return of 11.69% for the period ended 16 November 2007.
Public Balanced Fund, on the other hand has also outperformed its benchmark of 21.11%, with a one-year return of 31.71% for the same period. Meanwhile, Public Islamic Balanced Fund has registered a one-year return of 23.46% for the period ended 16 November 2007.
Public Mutual is the largest private unit trust company in Malaysia and it currently manages 54 funds for more than 1,350,000 accountholders. As at 31 October 2007, the total net asset value of the funds managed by the company was RM26.7 billion.
Public Ittikal Fund - Gross distribution of 10.00 sen per unit
Public Dividend Select Fund - Gross distribution of 3.75 sen per unit
Public Islamic Equity Fund - Gross distribution of 5.00 sen per unit
Public Far-East Select Fund - Gross distribution of 4.00 sen per unit
Public Regional Sector Fund - Gross distribution of 3.50 sen per unit
Public Far-East Dividend Fund - Gross distribution of 2.00 sen per unit
Public Balanced Fund - Gross distribution of 10.00 sen per unit
Public Islamic Balanced Fund - Gross distribution of 2.25 sen per unit
Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow said Public Ittikal Fund, Public Dividend Select Fund and Public Islamic Equity Fund have generated a one-year return of 37.43%, 36.63% and 40.04% respectively for the period ended 16 November 2007, according to The Edge-Lipper Fund Table dated 26 November 2007.
As for Public Far-East Select Fund and Public Regional Sector Fund, both funds have generated a one-year return of 43.19% and 35.42% respectively for the period ended 16 November 2007. Both funds have outperformed their benchmarks of 33.10% and 29.53% respectively for the same period.
Public Far-East Dividend Fund which was launched in November 2006, has generated a six-month return of 11.69% for the period ended 16 November 2007.
Public Balanced Fund, on the other hand has also outperformed its benchmark of 21.11%, with a one-year return of 31.71% for the same period. Meanwhile, Public Islamic Balanced Fund has registered a one-year return of 23.46% for the period ended 16 November 2007.
Public Mutual is the largest private unit trust company in Malaysia and it currently manages 54 funds for more than 1,350,000 accountholders. As at 31 October 2007, the total net asset value of the funds managed by the company was RM26.7 billion.
Public Mutual Won the Most Outstanding Islamic Fund Manager Award
Public Bank’s wholly-owned subsidiary, Public Mutual won the Most Outstanding Islamic Fund Manager award at the recent KLIFF (Kuala Lumpur Islamic Finance Forum) Islamic Finance Awards 2007 ceremony organised by The Centre for Research and Training (CERT) together with the host, Halal Industry Development Corporation (HDC), and in collaboration with Dow Jones Islamic Market Indexes (DJIM), the International Institute of Islamic Finance (IIIF) and Messrs Hisham, Sobri & Kadir (HSK).
The award was presented by Y.B Tan Sri Nor Mohamed Yakcop, Minister of Finance II to Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow during the award presentation ceremony which was held on 20 November 2007 at the Nikko Hotel Kuala Lumpur. The objective of the awards is to honor and appreciate efforts of the institutions and organizations that have given significant contribution in developing the industry.
Tan Sri Dato’ Sri Dr. Teh Hong Piow said that he is very proud that Public Mutual won the Most Outstanding Islamic Fund Manager at the recent KLIFF. “Winning this award not only reinforces our leadership position in the industry but also affirms our commitment to excellence. This achievement is a testimony of Public Mutual’s collective dedication and commitment to continuously deliver value to our investors,” he said.
Over the years, Islamic fund industry in Malaysia has grown rapidly and remains highly competitive. From 2001 to 31 October 2007, Public Mutual Islamic funds’ total net asset value has grown by 2500% from RM0.3 billion in 2001 to RM7.9 billion as at end October 2007; while the industry’s Islamic funds total net asset value grew by 615% from RM2.0 billion to RM14.3 billion over the same period. Public Mutual is the leader in the private Islamic fund industry with a market share of more than 55% as at end October 2007.
Public Mutual is the largest private unit trust company in Malaysia as well as the most awarded, raking in a total of 100 major awards since 1999. The Most Outstanding Islamic Fund Manager Award represents the 101st award won by Public Mutual Berhad. The company is also the most awarded Islamic unit trust fund manager in Malaysia, winning a total of 27 Islamic Fund Awards. This includes the "Best Fund Manager in Asia 2006" awarded by Failaka Advisors, Dubai, a recognized leader in the field of Islamic fund research.
Public Mutual currently manages 54 funds for more than 1,350,000 accountholders. As at 31 October 2007, the total net asset value of the funds managed by the company was RM26.7 billion.
The award was presented by Y.B Tan Sri Nor Mohamed Yakcop, Minister of Finance II to Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow during the award presentation ceremony which was held on 20 November 2007 at the Nikko Hotel Kuala Lumpur. The objective of the awards is to honor and appreciate efforts of the institutions and organizations that have given significant contribution in developing the industry.
Tan Sri Dato’ Sri Dr. Teh Hong Piow said that he is very proud that Public Mutual won the Most Outstanding Islamic Fund Manager at the recent KLIFF. “Winning this award not only reinforces our leadership position in the industry but also affirms our commitment to excellence. This achievement is a testimony of Public Mutual’s collective dedication and commitment to continuously deliver value to our investors,” he said.
Over the years, Islamic fund industry in Malaysia has grown rapidly and remains highly competitive. From 2001 to 31 October 2007, Public Mutual Islamic funds’ total net asset value has grown by 2500% from RM0.3 billion in 2001 to RM7.9 billion as at end October 2007; while the industry’s Islamic funds total net asset value grew by 615% from RM2.0 billion to RM14.3 billion over the same period. Public Mutual is the leader in the private Islamic fund industry with a market share of more than 55% as at end October 2007.
Public Mutual is the largest private unit trust company in Malaysia as well as the most awarded, raking in a total of 100 major awards since 1999. The Most Outstanding Islamic Fund Manager Award represents the 101st award won by Public Mutual Berhad. The company is also the most awarded Islamic unit trust fund manager in Malaysia, winning a total of 27 Islamic Fund Awards. This includes the "Best Fund Manager in Asia 2006" awarded by Failaka Advisors, Dubai, a recognized leader in the field of Islamic fund research.
Public Mutual currently manages 54 funds for more than 1,350,000 accountholders. As at 31 October 2007, the total net asset value of the funds managed by the company was RM26.7 billion.
Public Mutual Launches Its First China Islamic Fund (20 November 2007)
Public Bank’s wholly-owned subsidiary, Public Mutual launches its first China Islamic fund, Public China Ittikal Fund today (Tuesday). Public China Ittikal Fund (PCIF) will invest in the Greater China region which offers promising opportunities for medium- to long-term investors.
Public Mutual’s Chairman Tan Sri Dato’s Sri Dr. Teh Hong Piow said PCIF will capitalise on the solid growth prospects in Greater China. In the past five years, equity markets in this region have enjoyed a sustained uptrend amidst the rebound in global economies and strong investor demand to participate in the growth prospects of the Greater China region. “China has emerged as a major growth engine for this region apart from the U.S with real Gross Domestic Product (GDP) growth sustained at a robust pace averaging 9.2% annually,” he added.
Tan Sri Teh continues to say that PCIF is designed to capture the vast opportunities of Greater China.
“The region which encompasses China, Hong Kong and Taiwan presents significant growth opportunities. The Chinese economy is projected to grow steadily at 11.2% for 2007 and 10.6% for 2008, supported by resilient domestic consumption, investment and exports. Driven by strong domestic demand and robust tourist arrivals, Hong Kong’s GDP growth is set to expand at above 5% for 2007/2008. Meanwhile, GDP growth for Taiwan is projected at above 4% for 2007/2008 amidst resilient investment spending and global demand for electronic products,” he said.
PCIF is an Islamic equity fund that seeks to achieve capital growth over the medium- to long-term period by investing in a portfolio of Shariah-compliant investments in the Greater China region and the balance in the domestic market. The fund will invest a minimum of 70% of its net asset value (NAV) in the Greater China region namely in China, Hong Kong and Taiwan stocks. The equity exposure of PCIF will generally range from 75% to 90% of its NAV.
Tan Sri Teh added that PCIF is suitable for aggressive investors who can withstand extended periods of market highs and lows to achieve medium- to long-term capital growth for their investments.
The issue price / NAV of PCIF is at RM0.2500 per unit during the 21-day initial offer period of 20 November 2007 to 10 December 2007. During the offer period, a special promotional service charge of 5.45% of NAV per unit is extended to the purchase of units of PCIF by investors. Investors who opt for Direct Debit Instruction with PCIF during the offer period will also enjoy the special promotional service charge of 5.45% of NAV per unit for as long as the Direct Debit is active. Terms and conditions apply. The minimum initial investment for the fund is RM1,000 and the minimum additional investment is RM100.
PCIF is distributed by Public Mutual’s unit trust consultants. Interested investors can contact any Public Mutual unit trust consultant or call its Customer Service Hotline at 03-6279 5252 for more details of the fund.
Public Mutual is the largest private unit trust company in Malaysia and it currently manages 53 funds for more than 1,350,000 accountholders. As at 31 October 2007, the total net asset value of the funds managed by the company was RM26.7 billion.
Public Mutual’s Chairman Tan Sri Dato’s Sri Dr. Teh Hong Piow said PCIF will capitalise on the solid growth prospects in Greater China. In the past five years, equity markets in this region have enjoyed a sustained uptrend amidst the rebound in global economies and strong investor demand to participate in the growth prospects of the Greater China region. “China has emerged as a major growth engine for this region apart from the U.S with real Gross Domestic Product (GDP) growth sustained at a robust pace averaging 9.2% annually,” he added.
Tan Sri Teh continues to say that PCIF is designed to capture the vast opportunities of Greater China.
“The region which encompasses China, Hong Kong and Taiwan presents significant growth opportunities. The Chinese economy is projected to grow steadily at 11.2% for 2007 and 10.6% for 2008, supported by resilient domestic consumption, investment and exports. Driven by strong domestic demand and robust tourist arrivals, Hong Kong’s GDP growth is set to expand at above 5% for 2007/2008. Meanwhile, GDP growth for Taiwan is projected at above 4% for 2007/2008 amidst resilient investment spending and global demand for electronic products,” he said.
PCIF is an Islamic equity fund that seeks to achieve capital growth over the medium- to long-term period by investing in a portfolio of Shariah-compliant investments in the Greater China region and the balance in the domestic market. The fund will invest a minimum of 70% of its net asset value (NAV) in the Greater China region namely in China, Hong Kong and Taiwan stocks. The equity exposure of PCIF will generally range from 75% to 90% of its NAV.
Tan Sri Teh added that PCIF is suitable for aggressive investors who can withstand extended periods of market highs and lows to achieve medium- to long-term capital growth for their investments.
The issue price / NAV of PCIF is at RM0.2500 per unit during the 21-day initial offer period of 20 November 2007 to 10 December 2007. During the offer period, a special promotional service charge of 5.45% of NAV per unit is extended to the purchase of units of PCIF by investors. Investors who opt for Direct Debit Instruction with PCIF during the offer period will also enjoy the special promotional service charge of 5.45% of NAV per unit for as long as the Direct Debit is active. Terms and conditions apply. The minimum initial investment for the fund is RM1,000 and the minimum additional investment is RM100.
PCIF is distributed by Public Mutual’s unit trust consultants. Interested investors can contact any Public Mutual unit trust consultant or call its Customer Service Hotline at 03-6279 5252 for more details of the fund.
Public Mutual is the largest private unit trust company in Malaysia and it currently manages 53 funds for more than 1,350,000 accountholders. As at 31 October 2007, the total net asset value of the funds managed by the company was RM26.7 billion.
Public Mutual Sold RM900 Million Of Its South-East Asia Select Fund
Public Bank’s wholly-owned subsidiary, Public Mutual announced that the company has increased the fund size of its recently launched Public South-East Asia Select Fund (PSEASF) from its initial approved 1.5 billion units to 5.0 billion units due to strong demand from investors.
Chief Executive Officer Yeoh Kim Hong said the demand for PSEASF has been tremendous with close to RM900 million worth of units sold since it was launched on 2 October 2007. “The fund received overwelming response from investors as it offers them the opportunity to ride on ASEAN’s growth potential,” she explained.
“ASEAN is one of the fastest growing regions in the world with selected countries expected to grow at 6% or higher in 2008. ASEAN has excellent opportunities for further economic growth given the relatively low base of the region’s per capita income, favourable demographics and large growing population. In addition, the relatively low ratio of domestic demand to Gross Domestic Product (GDP) coupled with high savings rates suggests that consumer spending in ASEAN is poised to grow rapidly in tandem with higher disposable incomes and robust economic growth in the years ahead,” said Yeoh.
PSEASF is an equity fund that seeks to achieve capital growth over the medium- to long-term period by investing in a portfolio of investments in ASEAN markets. PSEASF is suitable for aggressive investors who can withstand extended periods of market highs and lows to achieve medium- to long-term capital growth for their investments.
PSEASF is distributed by Public Mutual’s unit trust consultants.
Public Mutual is the largest private unit trust company in Malaysia, and it manages 51 funds for more than 1,350,000 accountholders. As at 31 October 2007, the total fund size managed by the company was RM26.7 billion.
Chief Executive Officer Yeoh Kim Hong said the demand for PSEASF has been tremendous with close to RM900 million worth of units sold since it was launched on 2 October 2007. “The fund received overwelming response from investors as it offers them the opportunity to ride on ASEAN’s growth potential,” she explained.
“ASEAN is one of the fastest growing regions in the world with selected countries expected to grow at 6% or higher in 2008. ASEAN has excellent opportunities for further economic growth given the relatively low base of the region’s per capita income, favourable demographics and large growing population. In addition, the relatively low ratio of domestic demand to Gross Domestic Product (GDP) coupled with high savings rates suggests that consumer spending in ASEAN is poised to grow rapidly in tandem with higher disposable incomes and robust economic growth in the years ahead,” said Yeoh.
PSEASF is an equity fund that seeks to achieve capital growth over the medium- to long-term period by investing in a portfolio of investments in ASEAN markets. PSEASF is suitable for aggressive investors who can withstand extended periods of market highs and lows to achieve medium- to long-term capital growth for their investments.
PSEASF is distributed by Public Mutual’s unit trust consultants.
Public Mutual is the largest private unit trust company in Malaysia, and it manages 51 funds for more than 1,350,000 accountholders. As at 31 October 2007, the total fund size managed by the company was RM26.7 billion.
Public Mutual Declares Distributions Of Up To 10 sen per unit For Its Funds (31 October 2007)
Public Bank’s wholly-owned subsidiary, Public Mutual declares gross distributions for four of its funds. The gross distributions declared are for financial year ended 31 October 2007:
Public Equity Fund - Gross distribution of 6.00 sen per unit
Public Industry Fund - Gross distribution of 10.00 sen per unit
Public Asia Ittikal Fund - Gross distribution of 2.00 sen per unit
Public Islamic Bond Fund - Gross distribution of 4.00 sen per unit
Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow said Public Equity Fund and Public Industry Fund have delivered an impressive one-year return of 48.58% and 55.52% respectively for the period ended 12 October 2007 on the back of the strong performance of the local market over the same period, according to The Edge-Lipper Fund Table dated 22 October 2007.
As for Public Asia Ittikal Fund, it has generated a one-year return of 39.56% for the period ended 12 October 2007.
Public Islamic Bond Fund, on the other hand, has generated a one-year return of 4.93% for the period ended 12 October 2007, according to the same The Edge-Lipper Fund Table. The fund has outperformed its benchmark of 3.69% for the same period.
Public Mutual is the largest private unit trust company in Malaysia and it currently manages 51 funds for more than 1,350,000 accountholders. As at 22 October 2007, the total net asset value of the funds managed by the company was RM25.6 billion.
Public Equity Fund - Gross distribution of 6.00 sen per unit
Public Industry Fund - Gross distribution of 10.00 sen per unit
Public Asia Ittikal Fund - Gross distribution of 2.00 sen per unit
Public Islamic Bond Fund - Gross distribution of 4.00 sen per unit
Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow said Public Equity Fund and Public Industry Fund have delivered an impressive one-year return of 48.58% and 55.52% respectively for the period ended 12 October 2007 on the back of the strong performance of the local market over the same period, according to The Edge-Lipper Fund Table dated 22 October 2007.
As for Public Asia Ittikal Fund, it has generated a one-year return of 39.56% for the period ended 12 October 2007.
Public Islamic Bond Fund, on the other hand, has generated a one-year return of 4.93% for the period ended 12 October 2007, according to the same The Edge-Lipper Fund Table. The fund has outperformed its benchmark of 3.69% for the same period.
Public Mutual is the largest private unit trust company in Malaysia and it currently manages 51 funds for more than 1,350,000 accountholders. As at 22 October 2007, the total net asset value of the funds managed by the company was RM25.6 billion.
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