Public Mutual launches a domestic Islamic fund


Public Bank's wholly-owned subsidiary, Public Mutual launches a domestic Islamic fund, Public Islamic Select Treasures Fund (PISTF) on 26 February 2008 (Tuesday). Investors who wish to discover hidden treasures and opportunities among small-to-mid cap stocks can invest in the PISTF. PISTF is open for EPF Members Investment Scheme.

Public Mutual's Chairman Tan Sri Dato' Sri Dr. Teh Hong Piow said PISTF is an Islamic equity fund that seeks to achieve capital growth through investment in companies with market capitalisation of up to RM6 billion which comply with Shariah requirements in the domestic market. "The fund will invest in Shariah-compliant securities with market capitalisation of up to RM6.0 billion, which have promising growth prospects in the medium- to long-term," he added.

Tan Sri Teh explains that PISTF is suitable for investors with aggressive risk-reward temperaments and can withstand extended periods of market highs and lows in pursuit of capital growth. The equity exposure of PISTF will generally range from 75% to 95% of its net asset value (NAV).

The issue price / NAV of PISTF is at RM0.2500 per unit during the 21-day initial offer period of 26 February 2008 to 17 March 2008. The minimum initial investment is RM1,000.

PISTF is distributed by Public Mutual unit trust consultants. Interested investors can contact any Public Mutual unit trust consultant or call its Customer Service Hotline at 03-6207 5000 for more details of the fund.

Public Mutual is the largest private unit trust company in Malaysia, and it manages 57 funds for more than 1,650,000 accountholders. As at 31 December 2007, the total NAV of the funds managed by the company was RM28.4 billion.


http://www.publicmutual.com.my/article.aspx?id=6512

It depends on the timing of your submission/purchase of the fund. If you submit at bank/do online purchase before 4pm, it will be consider for Monday price.

After 4pm, it will be based on next day price, i.e. Tuesday

Suprisingly...Vietnam stock market has generated about 400% return for the past 3 years.
They certainly benefited from China economy boom as they are consider one of the nearest country to China and exported a lot of raw materials over there.

So, there will be basis of why the fund would like to concentrate on Vietnam. Besides, their property market has been booming recently, with a lot of development projects. Some more a few of M'sia property companies have invested in vietnam to build high-end residential property.

Good or not...judge your own...more study needed

Totally agree with you...

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Added on February 22, 2008, 10:22 pmHaha...that will be something exciting...but many people might see investment concentrating into one foreign country might not be too appeasing...some more when you hear Vietnam, it does not sound like "ka-ching! ka-ching!" ($$ sound) Well, just my 2 cents view & speculation. If PM Fund Manager thinks Vietnam is another good investment opportunities, they will for sure think of something

This post has been edited by kingkong81: Feb 22 2008, 10:22 PM

For the Consumer Themed Fund PFECTF, it did not include US as one of its investment country. However, they can have the option to invest in company that have its business throughout the world but only listed in its origin country/other country. For example, Coca-cola have its business throughout whole world & Malaysia as well & consider to b a good consumer stocks, however its company is only listed in US market...therefore, the if Fund Manager wan to invest in this stock, he hv to invest from US market.

i.e. only selective stocks that are listed in US will be chosen by Fund Manager and not directly the whole market of US is being invested in. Therefore, US is definitely not included in the "Far-East" term here

It might be a bit confusing sometimes as when they said Far-East countries, we might think it should only be those Asia countries like Japan, Korea, Taiwan...

But like u said the PFECTF, fund managers can pick stocks with established business worldwide, but listed in US, europe or even Aus.

Just that the % of fund to be invested into all these countries outside Far-East is not too much & main focus is still in Far-East countries, therefore I would said it is more appropriate to use "Far-East" as its name. My 2 cents.

Hey, in terms of knowledge/experience sharing, seniority does not play a part...some junior agents oso have better knowledge than some older/senior agent. So, we are here to share our knowldege...if you think you hv better opinion, juz feel free to share it here with everyone

If you are an UT agent, please refrain yourself from giving such statement of "guaranteed return & low risk". This is very misleading to other readers.......else, if you are not UT agent, ...enlighten the forumers here on you investment scheme...

I do think that it will be a good time to put in more into ur UT funds with higher price.

However, instead of putting a big lump sum...it might be better for you to split it into smaller portion and continuously topping-up in fixed periodic manner, as the market is so unpredictable now...so timing the market is sometime not encouraged...

Well, do agree wif you that shares market correlate closely with Unit Trust Pricing.

However, if you come out n said that you expect KLCI to plunge till 900 points, it will be beneficial to actually support your claim with some of your views/facts/articles.

BTW, i hope every1 try not to flam or use rude comment...we all here to share...respect & peace

Uncertainties not only come from fear of projects might be reviewed also from the how the new state government will manage their states. A lot of hope now being put for the new state gov form by opposition. They hv to live up to the expectation n fulfill their promises...else...more uncertainties

all this translates to fear...and sell down...
Yesterday sell down seems to be more of panic selling by domestic investor.

On another note....democracy seems to b back in the country...many thinks that in long run it will benefits the country & economy as it will brings more transparency & better management.

GLC though will suffer...no more favouritism

1) It really depends....mostly all the funds in PM oso haven't finished selling but still have high demands. You have to look at the fundamental & prospect of the funds to decide. How hot is the funds selling sometimes might not reflect the true value/prospect of the funds. So, have to evaluate the funds 1st

2) Your purchased is determined on the day it was submitted n not the time the cheque clears. However, if your agent submitted your purchase after 4pm, it will b consider the next day price

Generally if you ask me when is the time to buy...I would tell you it is when the market is down, coz that is the time i get some good bargain. When market is up, it is time to sell.

So, generally, you should not only look at current situation only...the funds you are looking at are for long-term growth. Hence, you should evaluate the fund prospect instead before looking at the price.
To me, currently Asia, as well as ASEAN region are having a better prospect in growth in the future, so it might worth to look into funds that invest in this region.

On local front, our country now is under a lot of political uncertainties which has affected foreign & local investors confidence...as of this few weeks, it will be volatile until a more stabile & steady government was form in all states & federal level. If everything goes well with a better governance fr opposition...in long-term future Malaysia will have a good growth prospect.
---my 2 cents, make your own judgement as well--

So, Unit Trust fund is investing in future, hence it is long-term...if u only look at short-term period, unit trust will not give wat u wan.

From wat is quoted there, it seems to be like that....but it did not make sense if they hv to sell off their equities at every financial year end...

So, it seems like after every financial year end, they will renew their investment portfolio/strategy again.
But if that means selling off good profit-making equities isn't that at an disadvantage for the Funds?

Mayb u hv to further enquire with any agents/bank for this fund to get more info.

This post has been edited by kingkong81: Mar 22 2008, 09:37 PM

Yup...true oso...maybe that is why they needed to sell off their equities during their financial yr end...

All r big holders

Hey man...these are meant only for internal circulations...not to be publish for public.

If u wan to use the info...u have to retype the things on your own, dun take n put in here bulat-bulat

Declaration of Distribution of Financial Year Ended 31st March 2008

PAGF - 15.00 sen per unit
PRSF - 10.00 sen per unit

Well, PRSF have been consistently giving quite high distribution for the past few years...which i guess it meet its objective of providing annual income to its investor.

For PAGF...this is the highest ever distribution given for the past 10 yrs..so, to those with these 2 funds, enjoy

On personal opinion, i still think China provides a lot of exciting prospects ahead...PCTF will b a less volatile compared to the other 2 china funds (PCSF/PCIF).

PIOGF is looking at domestic market, its investment strategy is 50% into growth stocks & 50% into dividend yielding stocks/blue chips...this kind of investment strategy is the 1st in PM as far as i can see...it is high risk & also give annual income...i personally oso prefer this type of new investment strategy. However, in terms of long term prospect, Malaysia do still have its upside coming...but if compared to China, i think it will b lagging much much behind.

Do keep in mind that PCTF is consider more volatile...

So, which is better that can suite your investment objective???

There are quite a number of it out there...each banks / investment house oso hav their own version/types of capital protected fund...so u juz hv to look for it.

The new form coming out on 30 April will only be for Cash Investment Form & EPF Investment form. Switching/repurchase form is not affected.