KUALA LUMPUR: PUBLIC BANK BHD [] will launch its equity fund, the PB Asia Pacific Enterprises Fund (PBAPENTF), on Tuesday, March 8 which will focus on companies with market capitalisation of US$1 billion and above in domestic and Asia Pacific.
It said on Monday, March 7 the strategy is to invest in the long-term growth potential of a diversified portfolio of companies. The fund will be managed by its unit Public Mutual.
Public Mutual's chief executive officer Yeoh Kim Hong said PBAPENTF would enable investors to invest in mid-to-large corporations which are better positioned to benefit from the resilient activities in the Asia Pacific region due to their financial strength and dominance in their respective industries.
She said these companies tend to have leading positions and established market shares which will enable them to perform well during favourable and challenging market conditions.
'After a strong rebound in 2009, global and regional equity markets continued their uptrend in 2010 amidst improving economic activities. Despite the recent spike in oil prices, regional equity markets are expected to remain underpinned by reasonable valuations and resilient economic growth prospects over the medium-to long-term.
'Although monetary policies of selected markets are anticipated to tighten in 2011, real interest rates are envisaged to remain low to sustain investment and consumption expenditure,' she added.
PBAPENTF may invest up to 98% of its net asset value (NAV) in selected Asia Pacific markets which include South Korea, China, Taiwan, Hong Kong, the Philippines, Indonesia, Singapore, Thailand, India, Australia and other permitted countries.
The equity exposure of PBAPENTF will generally range from 75% to 98% of its NAV.
The initial issue price is 25 sen per unit during the 21-day initial offer period from March 8 to 28. The minimum initial investment for the fund is RM1,000 and the minimum additional investment is RM100.
During the offer period, the service charges are as low as 5% of the initial issue price per unit. Investors who opt for direct debit instruction with PBAPENTF 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.
It said on Monday, March 7 the strategy is to invest in the long-term growth potential of a diversified portfolio of companies. The fund will be managed by its unit Public Mutual.
Public Mutual's chief executive officer Yeoh Kim Hong said PBAPENTF would enable investors to invest in mid-to-large corporations which are better positioned to benefit from the resilient activities in the Asia Pacific region due to their financial strength and dominance in their respective industries.
She said these companies tend to have leading positions and established market shares which will enable them to perform well during favourable and challenging market conditions.
'After a strong rebound in 2009, global and regional equity markets continued their uptrend in 2010 amidst improving economic activities. Despite the recent spike in oil prices, regional equity markets are expected to remain underpinned by reasonable valuations and resilient economic growth prospects over the medium-to long-term.
'Although monetary policies of selected markets are anticipated to tighten in 2011, real interest rates are envisaged to remain low to sustain investment and consumption expenditure,' she added.
PBAPENTF may invest up to 98% of its net asset value (NAV) in selected Asia Pacific markets which include South Korea, China, Taiwan, Hong Kong, the Philippines, Indonesia, Singapore, Thailand, India, Australia and other permitted countries.
The equity exposure of PBAPENTF will generally range from 75% to 98% of its NAV.
The initial issue price is 25 sen per unit during the 21-day initial offer period from March 8 to 28. The minimum initial investment for the fund is RM1,000 and the minimum additional investment is RM100.
During the offer period, the service charges are as low as 5% of the initial issue price per unit. Investors who opt for direct debit instruction with PBAPENTF 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.
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