Here’s another fund from Public Mutual Berhad. It’s an Islamic bond fund, which means it’s a Syariah-compliant investment. Debt securities with remaining maturities of seven years means that the securities have a lifespan of seven years, in which during this seven years, income will be derived from the securities in the form of income payouts.
On the PISBF, Teh said it is an Islamic bond fund that seeks to provide annual income through investments in Islamic debt securities which have remaining maturities of seven years and below and Islamic money market instruments.
“The fund may invest in foreign Islamic debt securities in Singapore, Japan, Hong Kong, Australia, the UK and other approved markets,� he said.
The PISBF will be launched at a NAV of RM1 per unit during the 21-day offer period from July 10 to 30.
The service charge is 0.25% of NAV per unit for the purchase of units of PISBF by investors. Its minimum initial investment is RM1,000 and minimum additional investment is RM100.
Depending on the nature of the securities, it could be semi-annually or annually, and the payouts are usually a guaranteed sum. Hence, bonds are usually a favorite instrument amongst the conservative investors, and you should also have it as part of your portfolio to hedge against possible market corrections.
To invest in Public Islamic Select Bond Fund, please contact info@meshio.com
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