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