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.
Thursday, January 3, 2008
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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