Thursday , 22 February 2018
Home / Business Info / Public Mutual launches PB Asean dividend fund

Public Mutual launches PB Asean dividend fund

Thursday, 18 August 2016


KUALA LUMPUR: Public Mutual launched a new fund, PB Asean Dividend Growth Sequel Fund (PBADSQF) on Thursday.

Public Mututal, which is a unit of Public Bank, said the new fund seeks to provide income by investing in a portfolio of stocks in domestic and regional markets that offer or have the potential to offer attractive dividend yields. 

The fund will invest 75% to 98% of its Net Asset Value (NAV) in equities while the balance will be invested in fixed income securities and liquid assets that include money market instruments and deposits. 

Up to 98% of the Fund’s NAV may be invested in selected regional markets including Singapore, Thailand, Indonesia, Philippines, Vietnam and other permitted markets. 

Public Mutual’s CEO Yeoh Kim Hong said PBADSQF is the sequel fund to the existing fund, PB ASEAN Dividend Fund (PBADF), which remains a popular choice among investors. 

“PBADSQF is structured to provide consistent returns with lower volatility and the fund is suitable for those who wish to pursue annual income and capital growth over the long-term,” she said.

The initial issue price for PBADSQF is 25 sen per unit during the 21-day initial offer period from Thursday to Sept 7,  2016. 

The minimum initial investment for the fund is RM1,000 and the minimum additional investment is RM100. 

Investors who purchase during the initial offer period can enjoy a promotional sales charge as low as 5% of the initial issue price per unit.

Source by: The Star Online

Check Also

Axelsen is the new world No. 1 as Chong Wei remains at No. 7

Saturday, 30 September 2017 :  Viktor Axelsen of Denmark has become the world No. 1 men’s singles shuttler for the first time. The 23-year-old Axelsen has moved up one rung to the top spot in the ranking list released by Badminton World Federation (BWF) yesterday. His rise to the top spot comes in the wake of his remarkable performances since winning the world title for the first time in Glasgow, Scotland, last month. The Dane followed it up by winning the Japan Open on Sunday. Lee Chong Wei (men’s singles) and Tan Kian Meng-Lai Pei Jing (mixed doubles) are the only Malaysians in the top 10 of the world ranking. The 34-year-old Chong Wei stayed as world No. 7 after reaching the final of the Japan Open on Sunday. Kian Meng-Pei Jing dropped one rung to No. 10 in the world. Rio Olympic silver medallists Goh V Shem-Tan Wee Kion

Malaysia does not want to host Formula One even if it was given free

Saturday, 30 September 2017 :  Malaysia would not want to host Formula One after this year’s …

Leave a Reply

WooCommerce Themes Free