Monday, November 14, 2011

Public Bank to launch PB Growth Sequel Fund

KUALA LUMPUR (Nov 14): Public Bank is launching the PB Growth Sequel Fund (PBGSQF) on Tuesday, an equity fund which invests in mostly Malaysian equities by focusing on sectors including financial, communications, industrial and consumer sectors.

It said on Monday, the objective of the fund ' which will be managed by Public Mutual -- is to achieve capital growth over the medium- to long-term period by investing in index-linked companies, blue chip stocks and companies with healthy growth prospects that are listed on Bursa Securities

PBGSQF will invest in companies with reasonable earnings growth prospect over the medium- to long-term to maximise the growth potential of the fund.

To achieve increased diversification, PBGSQF may invest up to 30% of its net asset value (NAV) in selected foreign markets which include Singapore, Taiwan, South Korea, Japan, Hong Kong, China, Thailand, Indonesia, the Philippines, Luxembourg and other permitted markets.

The equity exposure of PBGSQF will generally range from 70% to 98% of its NAV.

The initial issue price of PBGSQF is 25 sen per unit during the 21-day initial offer period from Tuesday to Dec 5. The minimum initial investment for the fund is RM1,000 and the minimum additional investment is RM100.

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