Two New Islamic Funds by Public Mutual
Business Times Online, November 16, 2010
Public Bank’s (1295) wholly-owned subsidiary, Public Mutual, is launching two new Islamic funds today – an Islamic equity fund and an Islamic bond fund.
The first is an equity fund – Public Islamic Alpha-40 Growth Fund (PIA40GF) – that seeks to invest into a maximum of 40 selected syariah-compliant blue-chip stocks, index stocks and growth stocks listed primarily on Bursa Securities and regional markets.
The second fund, the Public Islamic Infrastructure Bond (PIINFBF), looks at investing in sukuk of companies in the infrastructure sector.
In a statement, Public Mutual’s chief executive Yeoh Kim Hong said PIA40GF would focus on a portfolio of not more than 40 stocks.
The equity exposure of PIA40GF will range from 75 per cent to 98 per cent of its net asset value (NAV). The fund may invest up to 30 per cent of its NAV in selected foreign markets, inc-luding Singapore, Taiwan, South Korea and Australia.
The initial issue price of PIA40GF and PIINFBF is 25 sen per unit and RM1.00 per unit respectively during the 21-day initial offer period from 16 November to 6 December 2010.
The minimum initial investment for both funds is RM1,000 and the minimum additional investment is RM100.
p/s: menarik ke fund baru ni?…terbuka utk komen dan pandangan
Popularity: 2% [?]
last saturday gee ade pergi carrer fair kat pwtc…
ade booth public mutual….sgt tertarik dan rasanya salah satu investment yg safe and memberikan pulangan yg lebih tinggi as compared to epf…(sebab gee diberi penerangan tentang epf withdrawal n invest in public mutual)…
byk lg scheme2 yg menarik antaranya retirement scheme ( rm 1 juta when we reach 55 thn) dan juga education plan serendah rm100…
tgh2 carik2 info pasal ni…
gee(Quote)
hi gee…
ada dua jenis fund in UT i.e. :
1. equity fund
2. bond/money market fund
* yg ke-3 is balanced fund, combination of equity and bond with 50% allocation each..
if you want to make money, equity fund should be your choice coz price or NAV dia dinamik (jap naik jap turun)..so, to make profit..concept nya still BuyLowSellHigh..
very rarely to hear people invest in bond fund and make handsome profit…
faridfahmi(Quote)
kalau aku nak beli guna EPF time skg ni ok ke tak yer?
SN(Quote)
SN,
if you still young…proceed je your EPF in equity fund…
these new fund not open for EPF investment….cash only…suitable for mid-to-long term investor…buat monthly saving la…apa2 citer yg penting start..
i started invested in UT since 2006 with monthly cash contribution of RM100…now end of 2010, my investment value is nearly RM100k (cash + EPF).
faridfahmi(Quote)
Assalammualaikum.Is this the best area to invest now? Mr.Khairul, need to pay zakat for unit trust?
Adeckbad(Quote)