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.
Showing posts with label Increase Fund Size. Show all posts
Showing posts with label Increase Fund Size. Show all posts
Wednesday, January 2, 2008
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.
Monday, October 1, 2007
Public Mutual Increases Public Far-East Property & Resorts Fund Size To 3.375 Billion Units
Public Bank’s wholly-owned subsidiary, Public Mutual announced that the company has increased the fund size of its recently launched Public Far-East Property & Resorts Fund (PFEPRF) to 3.375 billion units due to the strong demand from investors.
Chief Executive Officer Yeoh Kim Hong said this is the second time the company has increased the fund size of PFEPRF. “The fund received good response from 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 Pacific region,” she explained.
PFEPRF which was launched in July 2007, is an equity fund that seeks to achieve capital growth over the medium- to long-term period by investing in companies that are principally engaged in property investment and development, hotel and resorts development and investment, and real estate investment trusts (REITs) in domestic and regional markets. “Up to 80% of the fund’s net asset value (NAV) can be invested in selected regional markets which include Japan, Australia, Hong Kong, China, Singapore, Taiwan, Philippines, Thailand, New Zealand, Indonesia, South Korea and other approved markets,” she said.
Yeoh added that the fund is suitable for investors with moderate risk-reward temperament who wish to participate in the long-term growth potential of real estate investments in the region. She also added that property stocks and REITs in the region are expected to offer promising returns over the medium- to long-term period due to resilient GDP growth, rising disposable income, high savings rate and stable interest rate in the region. “Easier foreign ownership rules in some countries have encouraged foreign buying of properties which have further propelled property prices. In Singapore, for example, foreign share of real estate purchase has increased from 9.9% in 1999 - 2001 to 28% in 2006. As for Malaysia, the recent relaxation of foreign real estate ownership rules is a positive driver for the local property market,” she continued.
PFEPRF is distributed by Public Mutual’s unit trust consultants.
Chief Executive Officer Yeoh Kim Hong said this is the second time the company has increased the fund size of PFEPRF. “The fund received good response from 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 Pacific region,” she explained.
PFEPRF which was launched in July 2007, is an equity fund that seeks to achieve capital growth over the medium- to long-term period by investing in companies that are principally engaged in property investment and development, hotel and resorts development and investment, and real estate investment trusts (REITs) in domestic and regional markets. “Up to 80% of the fund’s net asset value (NAV) can be invested in selected regional markets which include Japan, Australia, Hong Kong, China, Singapore, Taiwan, Philippines, Thailand, New Zealand, Indonesia, South Korea and other approved markets,” she said.
Yeoh added that the fund is suitable for investors with moderate risk-reward temperament who wish to participate in the long-term growth potential of real estate investments in the region. She also added that property stocks and REITs in the region are expected to offer promising returns over the medium- to long-term period due to resilient GDP growth, rising disposable income, high savings rate and stable interest rate in the region. “Easier foreign ownership rules in some countries have encouraged foreign buying of properties which have further propelled property prices. In Singapore, for example, foreign share of real estate purchase has increased from 9.9% in 1999 - 2001 to 28% in 2006. As for Malaysia, the recent relaxation of foreign real estate ownership rules is a positive driver for the local property market,” she continued.
PFEPRF is distributed by Public Mutual’s unit trust consultants.
Public Mutual Sold More Than RM2.5 Billion for 3 New Funds
KUALA LUMPUR 13 August 2007 – Public Bank’s wholly-owned subsidiary, Public Mutual announced that to date, more than RM2.5 billion worth of units of its Public China Select Fund (PCSF), Public Far-East Property & Resorts Fund (PFEPRF) and Public Islamic Asia Dividend Fund (PIADF) were sold.
Chief Executive Officer Yeoh Kim Hong said the demand for PCSF has been tremendous with more than RM1 billion (or more than 4 billion units) worth of units of its PCSF sold since it was launched in June 2007. The Company has recently increased the fund size of PCSF to 6.5 billion units to cater to the high demand of this fund. She explained that PCSF 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 the greater China region namely in Hong Kong, China and Taiwan markets and including China based companies listed on overseas markets. The fund is suitable for investors with aggressive risk-reward temperament.
At the same time, Public Mutual’s recently launched property and resorts fund, Public Far-East Property & Resorts Fund (PFEPRF) also received good response from the investors. To date, more than RM500 million (or more than 2 billion units) worth of units were sold. Launched on 10 July 2007, PFEPRF is an equity fund that seeks to achieve capital growth over the medium- to long-term period by investing in companies that are principally engaged in property investment and development, hotel and resorts development and investment, and real estate investment trusts (REITs) in domestic and regional markets. This fund is suitable for investors with moderate risk-reward temperament.
The Company also announced that it has increased the fund size of its Public Islamic Asia Dividend Fund (PIADF), launched in April 2007, from the existing 5 billion units to 6.5 billion units. “The demand for this Shariah-based dividend fund is overwhelming. To date, more than RM1.12 billion (or more than 4.5 billion units) worth of PIADF units were sold,” Yeoh said. PIADF is a moderate-risk 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. The fund is suitable for investors with moderate risk-reward temperament who prefer to receive income while capital growth is secondary.
All these three funds are distributed by Public Mutual’s 20,000-strong unit trust consultants.
Public Mutual is the largest private unit trust company in Malaysia, and it manages 47 funds for more than 1,000,000 accountholders. As at 31 July 2007, the total NAV of the funds managed by the company was RM23 billion.
Strong Demand for Public Bank’s First Euro Pacific Fund
KUALA LUMPUR 17 July 2007 – Public Bank’s wholly-owned subsidiary, Public Mutual announced that to date, more than RM311 million (or more than 1.24 billion units) worth of units of its recently launched PB Euro Pacific Equity Fund (PBEPEF) were sold. PBEPEF was launched on 8 June 2007.
Chief Executive Officer Yeoh Kim Hong said the demand for PBEPEF has been good and the initial approved fund size of 1.5 billion units is almost fully subscribed. “The increase of fund size to 2.25 billion units will allow us to cater to the high demand of this fund since its launch,” she added.
PBEPEF is an aggressive equity fund that seeks long-term capital appreciation by investing in equities and collective investment schemes in domestic and foreign markets. “Up to 98% of the fund’s net asset value (NAV) will be invested in foreign markets which include Europe, Japan, Korea, Taiwan, China, Hong Kong, Singapore, Thailand, Philippines, Indonesia and other approved markets. The equity exposure of PBEPEF will generally range from 75% to 90% of its NAV,” she continued.
PBEPEF is suitable for investors with aggressive risk-reward temperament. The fund is distributed by Public Bank branches nationwide.
Public Mutual is the largest private unit trust company in Malaysia, and it manages 47 funds for more than 1,000,000 accountholders. As at 29 June 2007, the total NAV of the funds managed by the company was RM22 billion.
Chief Executive Officer Yeoh Kim Hong said the demand for PBEPEF has been good and the initial approved fund size of 1.5 billion units is almost fully subscribed. “The increase of fund size to 2.25 billion units will allow us to cater to the high demand of this fund since its launch,” she added.
PBEPEF is an aggressive equity fund that seeks long-term capital appreciation by investing in equities and collective investment schemes in domestic and foreign markets. “Up to 98% of the fund’s net asset value (NAV) will be invested in foreign markets which include Europe, Japan, Korea, Taiwan, China, Hong Kong, Singapore, Thailand, Philippines, Indonesia and other approved markets. The equity exposure of PBEPEF will generally range from 75% to 90% of its NAV,” she continued.
PBEPEF is suitable for investors with aggressive risk-reward temperament. The fund is distributed by Public Bank branches nationwide.
Public Mutual is the largest private unit trust company in Malaysia, and it manages 47 funds for more than 1,000,000 accountholders. As at 29 June 2007, the total NAV of the funds managed by the company was RM22 billion.
Public Mutual Sold More Than RM850 million of Public China Select Fund
KUALA LUMPUR 13 July 2007 - Public Bank's wholly-owned subsidiary, Public Mutual announced that to date, more than RM850 million (or more than 3.4 billion units) worth of units of its recently launched Public China Select Fund (PCSF) were sold. PCSF was launched on 5 June 2007.
Chief Executive Officer Yeoh Kim Hong said the demand for PCSF has been tremendous and the increase of fund size of PCSF to 3.375 billion units for the 2nd time has been fully subscribed. "The company has increased the fund size of PCSF for the 3rd time to 5 billion units," she added.
PCSF 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 the greater China region namely in Hong Kong, China and Taiwan markets, including China based companies listed on overseas markets such as Singapore, United States of America and other approved markets. The fund may also invest in companies listed on Bursa Securities and foreign markets which have significant or potentially significant business operations in the greater China region. "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 PCSF will generally range from 75% to 90% of its NAV," she continued.
PCSF is suitable for aggressive investors who can withstand extended periods of market highs and lows in pursuit of capital growth. The fund is distributed by Public Mutual's 19,000-strong unit trust consultants.
Public Mutual is the largest private unit trust company in Malaysia, and it manages 47 funds for more than 1,000,000 accountholders. As at 29 June 2007, the total NAV of the funds managed by the company was RM22 billion.
Chief Executive Officer Yeoh Kim Hong said the demand for PCSF has been tremendous and the increase of fund size of PCSF to 3.375 billion units for the 2nd time has been fully subscribed. "The company has increased the fund size of PCSF for the 3rd time to 5 billion units," she added.
PCSF 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 the greater China region namely in Hong Kong, China and Taiwan markets, including China based companies listed on overseas markets such as Singapore, United States of America and other approved markets. The fund may also invest in companies listed on Bursa Securities and foreign markets which have significant or potentially significant business operations in the greater China region. "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 PCSF will generally range from 75% to 90% of its NAV," she continued.
PCSF is suitable for aggressive investors who can withstand extended periods of market highs and lows in pursuit of capital growth. The fund is distributed by Public Mutual's 19,000-strong unit trust consultants.
Public Mutual is the largest private unit trust company in Malaysia, and it manages 47 funds for more than 1,000,000 accountholders. As at 29 June 2007, the total NAV of the funds managed by the company was RM22 billion.
Public Mutual Increases Fund Size for Its China Select Fund and PB ASEAN Dividend Fund
KUALA LUMPUR 26 June 2007 – Public Bank’s wholly-owned subsidiary, Public Mutual announced that it has increased the fund size of its recently launched Public China Select Fund (PCSF) twice since its launch on 5 June 2007 i.e. from 1.5 billion units to 2.25 billion units for the first time and to 3.375 billion units for the second time. More than RM772 million (or more than 3.12 billion units) worth of units of PCSF were sold during its offer period which was closed on 25 June 2007.
At the same time, the company also announced that it has increased the fund size of PB ASEAN Dividend Fund (PBADF) from the existing 1.5 billion units (or RM375 million) to 2.25 billion units.
Chief Executive Officer Lam Kam Yin said the demand for both overseas funds has been very strong. “The increase in fund size for PCSF and PBADF will enable us to meet the strong market demand,” he added.
PCSF 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 the greater China region namely in Hong Kong, China and Taiwan markets, including China based companies listed on overseas markets such as Singapore, United States of America and other approved markets. The fund may also invest in companies listed on Bursa Securities and foreign markets which have significant or potentially significant business operations in the greater China region. “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 PCSF will generally range from 75% to 90% of its NAV,” he continued.
PCSF is suitable for aggressive investors who can withstand extended periods of market highs and lows in pursuit of capital growth. The fund is distributed by Public Mutual’s 19,000-strong unit trust consultants.
As for PBADF, it is a moderate-risk equity income fund that seeks to provide income by investing in a portfolio of stocks in domestic and regional markets which offer or have the potential to offer attractive dividend yields. “Up to 70% of the fund’s NAV can be invested in selected regional markets which include Singapore, Indonesia, Thailand, Philippines, Vietnam and other approved markets. The equity exposure of PBADF will generally range from 75% to 95% of its NAV,” he added.
He continued to say that PBADF is suitable for investors with moderate risk-reward temperament with preference for receiving income while capital growth is secondary. “The fund will, on a best effort basis, distribute income annually to unitholders,” he said. PBADF is distributed by Public Bank branches nationwide.
Public Mutual is the largest private unit trust company in Malaysia, and it manages 45 funds for more than 1,000,000 accountholders. As at 19 June 2007, the total NAV of the funds managed by the company was RM21.4 billion.
At the same time, the company also announced that it has increased the fund size of PB ASEAN Dividend Fund (PBADF) from the existing 1.5 billion units (or RM375 million) to 2.25 billion units.
Chief Executive Officer Lam Kam Yin said the demand for both overseas funds has been very strong. “The increase in fund size for PCSF and PBADF will enable us to meet the strong market demand,” he added.
PCSF 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 the greater China region namely in Hong Kong, China and Taiwan markets, including China based companies listed on overseas markets such as Singapore, United States of America and other approved markets. The fund may also invest in companies listed on Bursa Securities and foreign markets which have significant or potentially significant business operations in the greater China region. “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 PCSF will generally range from 75% to 90% of its NAV,” he continued.
PCSF is suitable for aggressive investors who can withstand extended periods of market highs and lows in pursuit of capital growth. The fund is distributed by Public Mutual’s 19,000-strong unit trust consultants.
As for PBADF, it is a moderate-risk equity income fund that seeks to provide income by investing in a portfolio of stocks in domestic and regional markets which offer or have the potential to offer attractive dividend yields. “Up to 70% of the fund’s NAV can be invested in selected regional markets which include Singapore, Indonesia, Thailand, Philippines, Vietnam and other approved markets. The equity exposure of PBADF will generally range from 75% to 95% of its NAV,” he added.
He continued to say that PBADF is suitable for investors with moderate risk-reward temperament with preference for receiving income while capital growth is secondary. “The fund will, on a best effort basis, distribute income annually to unitholders,” he said. PBADF is distributed by Public Bank branches nationwide.
Public Mutual is the largest private unit trust company in Malaysia, and it manages 45 funds for more than 1,000,000 accountholders. As at 19 June 2007, the total NAV of the funds managed by the company was RM21.4 billion.
Public Mutual Increases Fund Size for Public Select Bond Fund
KUALA LUMPUR 5 June 2007 – Public Bank’s wholly-owned subsidiary, Public Mutual announced that it has increased the fund size of Public Select Bond Fund (PSBF) from 500 million units to 750 million units.
Public Mutual’s Chief Executive Officer Lam Kam Yin said the increase in fund size of PSBF by another 250 million units will allow the company to meet strong market demand.
Launched in November 2005, PSBF is a bond fund that aims to provide annual income through investments in fixed income securities which have a remaining maturity of 7 years and below and money market instruments. “PSBF allows investors access to the bond market which is usually inaccessible to the average investor as it is a market for institutions where the minimum transaction block amounts to RM5 million. The fund invests in a diversified portfolio of bonds, which comprises mainly of corporate bonds to produce returns that are significantly better than fixed deposits,” he continued.
He added that PSBF is suitable for investors who have conservative risk-reward temperament and who seek stability of annual income with some safety of principal.
Public Mutual is the largest private unit trust company in Malaysia and it currently manages 44 funds for more than 1,000,000 accountholders. As at 21 May 2007, the total NAV of the funds managed by the company was RM20.4 billion.
Subscribe to:
Posts (Atom)