KUALA LUMPUR: PUBLIC BANK BHD [] is launching its latest fund PB Indonesia Balanced Fund (PBINDOBF) on Tuesday, Oct 12, 2010. The fund will be managed by its wholly owned subsidiary Public Mutual.
PBINDOBF is a balanced fund that seeks to achieve income and capital growth by investing in a portfolio of investments primarily in the Indonesian market including Indonesian businesses/companies listed in other permitted markets.
In a statement on Monday, Public Mutual's chief executive officer Yeoh Kim Hong PBINDOBF allows investors the opportunity to participate in the long-term growth potential of a diversified portfolio of blue chip stocks, growth stocks, fundamentally undervalued stocks and dividend stocks traded in the Indonesian market as well as Indonesian businesses/companies listed in other permitted markets.
She said that PBINDOBF adopts a balanced asset allocation approach to participate in the long-term growth prospects of the Indonesian market.
"The fund maintains a prudent mix of equities and fixed income securities in the ratio of 60:40.
"Hence, PBINDOBF is an attractive investment avenue for investors with conservative to moderate risk-reward temperament seeking to capitalise on the growth prospects of the Indonesian market," she said.
The initial issue price of PBINDOBF is 25 sen per unit during the 21-day initial offer period from Oct 12 to Nov 1, 2010.
The minimum initial investment for the fund is RM1,000 and the minimum additional investment is RM100.
During the offer period, special promotional service charges as low as 5% of initial issue price per unit are extended to the purchase of units of PBINDOBF.
Investors who opt for Direct Debit Instruction with PBINDOBF during the offer period will enjoy a special promotional service charge of 5.25% of NAV (net asset value) per unit for as long as the Direct Debit is active. Terms and conditions apply.
Interested investors can contact Public Bank's Personal Financial Executive at any branch nationwide or call Public Bank free-phone at 1800-22-9999 during normal working hours.
Public Mutual is Malaysia's largest private unit trust company with 80 funds under management. It has over 2,320,000 accountholders and as at 30 August 2010, the total net asset value of the funds managed by the company was RM37.9 billion.
PBINDOBF is a balanced fund that seeks to achieve income and capital growth by investing in a portfolio of investments primarily in the Indonesian market including Indonesian businesses/companies listed in other permitted markets.
In a statement on Monday, Public Mutual's chief executive officer Yeoh Kim Hong PBINDOBF allows investors the opportunity to participate in the long-term growth potential of a diversified portfolio of blue chip stocks, growth stocks, fundamentally undervalued stocks and dividend stocks traded in the Indonesian market as well as Indonesian businesses/companies listed in other permitted markets.
She said that PBINDOBF adopts a balanced asset allocation approach to participate in the long-term growth prospects of the Indonesian market.
"The fund maintains a prudent mix of equities and fixed income securities in the ratio of 60:40.
"Hence, PBINDOBF is an attractive investment avenue for investors with conservative to moderate risk-reward temperament seeking to capitalise on the growth prospects of the Indonesian market," she said.
The initial issue price of PBINDOBF is 25 sen per unit during the 21-day initial offer period from Oct 12 to Nov 1, 2010.
The minimum initial investment for the fund is RM1,000 and the minimum additional investment is RM100.
During the offer period, special promotional service charges as low as 5% of initial issue price per unit are extended to the purchase of units of PBINDOBF.
Investors who opt for Direct Debit Instruction with PBINDOBF during the offer period will enjoy a special promotional service charge of 5.25% of NAV (net asset value) per unit for as long as the Direct Debit is active. Terms and conditions apply.
Interested investors can contact Public Bank's Personal Financial Executive at any branch nationwide or call Public Bank free-phone at 1800-22-9999 during normal working hours.
Public Mutual is Malaysia's largest private unit trust company with 80 funds under management. It has over 2,320,000 accountholders and as at 30 August 2010, the total net asset value of the funds managed by the company was RM37.9 billion.
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