Some of you may already have been informed about Public Mutual's latest fund launch - Public Islamic Asia Leaders Equity Fund (PIALEF) on 19 January 2010. It give investors an opportunity to take advantage of the growth potential of mid to large caps Shariah compliant companies trading in domestic and regional markets.
When in a position of potentially explosive growth, usually it is companies that are already positioned in terms of size and market share that will benefit the most to pounce the growth bandwagon and PMutual fund manager believe it is the mid and large caps companies that fit this category and thus the rational of this new fund launch.
Confidence stemming from a strong 2009 global and regional market rebound is expected to follow through into 2010. This is further supported by continued fiscal stimulus and accommodating policy measures which is expected to sustain the global economic recovery with regional economic growth envisaged to outpace the growth of developed economies. CEO of PMutual Berhad is quoted, “Over the medium- to long-term, regional markets are expected to outperform due to their reasonable valuations, high savings rates, brighter economic growth prospects and stronger fiscal positions."
PIALEF is an Islamic equity fund and may invest in sectors which include infrastructure, telecommunication manufacturing, consumer, technology, conglomerates and natural resources. with equity exposure of generally range from 75% to 98% of its net asset value (NAV).
The initial issue price RM0.2500 per unit during the 21-day initial offer period from 19 January to 8 February 2010. During the offer period, special promotional service charges as low as 5% of initial issue price per unit.
Go chcck out the details of this new fund at www.publicmutual.com.my
