Thursday 28 Mar 2024
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KUALA LUMPUR (Sept 26): Public Bank’s wholly-owned subsidiary, Public Mutual, is launching a new fund called Public Islamic Global Equity Fund (PISGEF) today.

In a statement today, Public Mutual said PISGEF seeks to capitalise on the long-term growth potential of global economies by investing 98% of its net asset value (NAV) in a diversified portfolio of Shariah-compliant blue chip stocks, index stocks and growth stocks listed on selected global markets, including the United States of America (U.S.A.), Europe, Asia Pacific and other permitted markets.

Public Mutual chief executive officer Yeoh Kim Hong said PISGEF is well-positioned to benefit from foreign currency exposure that may enhance returns to local investors.

“With PISGEF, investors get the opportunity to participate in the growth potential of multinational companies with established market shares, strong brand names and innovative products in a variety of sectors,” she said.

The initial issue price for PISGEF is 25 sen per unit during the 21-day initial offer period from Sept 26 to Oct 16.

The minimum initial investment amount is RM1,000 while the minimum additional investment amount is RM100.

Investors who purchase during the initial offer period can enjoy a promotional sales charge of 5.25% of the NAV per unit. Terms and conditions apply.

PISGEF 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 Malaysia’s largest private unit trust company with more than 120 unit trust funds under its management with over 3.5 million accountholders.

As at end-July 2017, the fund size managed by the Company was RM77.5 billion.

 

 

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