KUCHING: Public Bank Bhd (Public Bank) will launch its latest fund, PB Indonesia Balanced Fund (PBINDOBF) today (October 12).
PBINDOBF is a balanced fund that seeks to achieve income and capital growth by investing in a portfolio of investments primarily in the Indonesian market.
These will also include Indonesian businesses/companies listed in other permitted markets.
Due to its large domestic demand base, Indonesia’s economic performance is envisaged to be more resilient than other economies in the event of slower global growth.
Indonesia’s expected gross domestic product (GDP) is expected to rebound from 4.5 per cent in 2009 to six per cent for 2010 and an even higher 6.3 per cent in 2011.
The factors that will contribute to this development have been identified as robust consumer and investment spending as well as strong global demand for commodities.
Public Mutual Bhd, a wholly-owned subsidiary of Public Bank, will be managing PBINDOBF.
Its chief executive officer, Yeoh Kim Hong said, “PBINDOBF allows investors the opportunity to participate in the long-term growth potential of a diversified portfolio of blue chip stocks, growth stocks, fundamentally undervalued stocks and dividend stocks traded in the Indonesian market.”
The initial issue price of PBINDOBF is RM0.2500 per unit during the 21-day initial offer period from today until November 1, 2010. The minimum initial investment and additional investment for the fund is RM1,000 and RM100 respectively.
During the offer period, special promotional service charges as low as five per cent of the initial issue price per unit are extended to the purchase of units of PBINDOBF.
Investors who opt for direct debit instruction with PBINDOBF during the offer period will enjoy a special promotional service charge of 5.25 per cent of net asset value (NAV) per unit for as long as the direct debit is active.
Interested parties can contact Public Bank’s personal financial executives at any branch nationwide or call Public Bank’s free-phone at 1800-22-9999 during normal working hours.