KUALA LUMPUR: Public Mutual Bhd is launching a new fund -- Public Singapore Equity Fund (PSGEF) on Tuesday, June 7 ' which will focus on Singapore equities.
It said on Monday the fund seeks to achieve capital growth over the medium- to long-term period by investing in a diversified portfolio of Singapore equities.
Explaining the rationale, Public Mutual chief executive officer Yeoh Kim Hong said for the last 10 years from 2001-2010, Singapore has been one of the fastest growing economies in Southeast Asia region with an average real GDP growth rate of 5.7% per annum compared to the Asean average GDP growth of 4.7% per annum over the same period.
She said Singapore has been the largest recipient of foreign direct investments (FDI) in Southeast Asia, which amounted to US$16.3 billion'' in 2009 or 41% of total FDIs in Southeast Asia.
'Investing in PSGEF enables investors to participate in the growth prospects of Singapore's resilient economic and attractive valuations. Investors can ride on the potential upside of the Singapore dollar over time.
'The fund is also suitable for parents who would like to hedge their children's future educational expenses as investments in the country's equities are expected to keep pace with the uptrend in the costs of education over the long term,' she said.
PSGEF is an equity fund that seeks to achieve capital growth over the medium- to long-term period by investing in a portfolio of investments primarily in the Singapore market.
The fund may invest up to 30% of its net asset value (NAV) in the domestic and global markets to achieve increased diversification.
PSGEF would focus on sectors with resilient growth prospects such as banking and finance, PROPERTIES [] and real estate investment trusts (REITS), consumer, offshore and marine engineering groups, services and commodity sectors.
The equity exposure of PSGEF generally ranges from 75% to 98% of its NAV. The fund is suitable for investors with aggressive risk appetite who wish to hedge on currency exposure by participating in the potential appreciation of S$.
The initial issue price of PSGEF is 25 sen per unit during the 21-day offer period from June 7 to June 27.
The minimum initial investment for the fund is RM1,000 and the minimum additional investment is RM100.
During the offer period, the special promotional service charges are as low as 5% of initial issue price per unit.
Investors who opt for direct debit instruction with PSGEF during the offer period will receive a special promotional service charge of 5.25% of net asset value per unit for as long as the direct debit is active.
It said on Monday the fund seeks to achieve capital growth over the medium- to long-term period by investing in a diversified portfolio of Singapore equities.
Explaining the rationale, Public Mutual chief executive officer Yeoh Kim Hong said for the last 10 years from 2001-2010, Singapore has been one of the fastest growing economies in Southeast Asia region with an average real GDP growth rate of 5.7% per annum compared to the Asean average GDP growth of 4.7% per annum over the same period.
She said Singapore has been the largest recipient of foreign direct investments (FDI) in Southeast Asia, which amounted to US$16.3 billion'' in 2009 or 41% of total FDIs in Southeast Asia.
'Investing in PSGEF enables investors to participate in the growth prospects of Singapore's resilient economic and attractive valuations. Investors can ride on the potential upside of the Singapore dollar over time.
'The fund is also suitable for parents who would like to hedge their children's future educational expenses as investments in the country's equities are expected to keep pace with the uptrend in the costs of education over the long term,' she said.
PSGEF is an equity fund that seeks to achieve capital growth over the medium- to long-term period by investing in a portfolio of investments primarily in the Singapore market.
The fund may invest up to 30% of its net asset value (NAV) in the domestic and global markets to achieve increased diversification.
PSGEF would focus on sectors with resilient growth prospects such as banking and finance, PROPERTIES [] and real estate investment trusts (REITS), consumer, offshore and marine engineering groups, services and commodity sectors.
The equity exposure of PSGEF generally ranges from 75% to 98% of its NAV. The fund is suitable for investors with aggressive risk appetite who wish to hedge on currency exposure by participating in the potential appreciation of S$.
The initial issue price of PSGEF is 25 sen per unit during the 21-day offer period from June 7 to June 27.
The minimum initial investment for the fund is RM1,000 and the minimum additional investment is RM100.
During the offer period, the special promotional service charges are as low as 5% of initial issue price per unit.
Investors who opt for direct debit instruction with PSGEF during the offer period will receive a special promotional service charge of 5.25% of net asset value per unit for as long as the direct debit is active.
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