Issue price for both funds is 25 sen per unit and there’s a 1% discount during the initial offer period from January 23 to February 12. These funds come with RM 100,000 insurance too!
PUBLIC Bank’s wholly-owned subsidiary, Public Mutual, will launch two new overseas balanced funds – the Public Far-East Balanced Fund (PFEBF) and Public Global Balanced Fund (PGBF) – tomorrow.
In a statement, Public Mutual chairman Tan Sri Dr Teh Hong Piow said PFEBF is a regional balanced fund which aims to provide income and capital growth over the medium- to long-term period by investing in equities and fixed income securities in domestic and regional markets.
“Up to 60 per cent of the fund’s net asset value (NAV) can be invested in selected regional markets which include South Korea, China, Hong Kong, Taiwan, Japan, Singapore, Philippines, Thailand, Indonesia and other approved markets,” he said.
PGBF is a global balanced fund aimed at providing income and capital growth over the medium- to long-term period by investing in equities, collective investment schemes and fixed income securities in domestic and global markets.
“Up to 60 per cent of the fund’s NAV can be invested in selected global markets which include US, Canada, UK, Germany, France, Finland, Switzerland, Spain, Italy, Luxembourg, Australia, New Zealand, South Korea, Hong Kong, Japan, China, Taiwan, Singapore, India, Thailand, Indonesia, Philippines and other approved markets,” he explained.
The issue price for both funds is RM0.25 a unit respectively and 1 per cent free units will be given away during the 21-day initial offer period of January 23 2007 to February 12 2007.
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