I don't think PAIF got takaful.

An article on Balanced Funds: A Safer Approach To Investing In Volatile Markets from PM.

http://www.publicmutual.com.my/article.aspx?id=6248

Definitely an insider news for the mean time.

Yeap ... sooner or later, it'll appear at PM website.

What's the purpose of this knowing beforehand first? Ask their clients to perform a large sum topup before distribution is being announced or what?

So there's some sort of exclusion period whereby topup within certain number of days before the distribution is annnounced will not be counted in the distribution or unit split. Correct if I'm wrong ...

Official news on fund distribution:

Public Mutual Declares Distributions for 2 Funds

Public Bank's wholly-owned subsidiary, Public Mutual declares distributions for two of its funds. The distributions declared are for financial year ended 31 August 2007:

Public SmallCap Fund - Gross distribution of 9.00 sen per unit
PB Islamic Equity Fund - Gross distribution of 6.00 sen per unit

Public Mutual's Chairman Tan Sri Dato' Sri Dr. Teh Hong Piow said Public SmallCap Fund, which is a small cap fund, has delivered an impressive one-year return of 47.73% for the period ended 17 August 2007 according to The Edge-Lipper Fund Table dated 27 August 2007. "It outperformed its benchmark Kuala Lumpur Composite Index of 26.48% for the same period," he continued. Launched in June 2000, Public SmallCap Fund is suitable for investors with aggressive risk-reward temperament who can withstand wide fluctuations in unit prices and extended periods of volatility.

As for PB Islamic Equity Fund, it is an Islamic equity fund which has generated a one-year return of 31.69% for the period ended 17 August 2007. This fund has also outperformed its benchmark of 31.20%. It is suitable for investors with aggressive risk-reward temperament who can withstand extended periods of market highs and lows in pursuit of capital growth. PB Islamic Equity Fund is open for EPF Members Investment Scheme.

Public Mutual is the largest private unit trust company in Malaysia, and it manages 48 funds for more than 1,200,000 accountholders. As at 31 July 2007, the total NAV of the funds managed by the company was RM23 billion.

URL: http://www.publicmutual.com.my/article.aspx?id=6254

NAV is net asset value. How they derive it? Good question. I also don't know. Perhaps any expert in here?

So how? Some said transparent and some said not transparent.

I personally think that PB Islamic Asia Strategic Sector Fund will be an aggressive fund like Public Regional Sector Fund (PRSEC).

This post has been edited by David83: Sep 4 2007, 10:49 AM

Public Bank To Launch Its First Islamic Regional Sector Fund

Public Bank will launch its first Islamic regional sector fund, PB Islamic Asia Strategic Sector Fund (PBIASSF) on 6 September 2007. This fund will be managed by its wholly-owned subsidiary, Public Mutual.

Public Mutual's Chairman Tan Sri Dato' Sri Dr. Teh Hong Piow said PBIASSF is an Islamic equity fund that seeks long-term capital appreciation by investing in a portfolio of securities, mainly equities, that complies with Shariah requirements from selected market sectors in domestic and regional markets. "A minimum of 50% of the fund's net asset value (NAV) and up to a maximum of 90% of the fund's NAV can be invested in selected regional markets which include Japan, South Korea, China, Taiwan, Hong Kong, India, Philippines, Indonesia, Singapore, Thailand, Australia, New Zealand and other approved markets. The equity exposure of PBIASSF will generally range from 75% to 90% of its NAV," he continued.

According to Tan Sri Teh, the fund will, at any one time invest in 3 to 6 most promising market sectors which include basic materials, communications, consumer (cyclical and non-cyclical), diversified, industrial and technology. The fund manager adopts a fundamental based investment philosophy in analysing the outlook for the various sectors of the regional markets. First of all, a Top Down approach is used to analyse factors such as macro economic outlook, business cycles, income levels and demographic trends of the various regional markets. A Bottom Up Approach is then used to determine which industries and sectors are expected to perform well based on the analysis of the key macro factors. Those sectors which offer good growth prospects and are expected to perform well based on the Top Down and Bottom Up analysis will be selected for investment by the fund. "PBIASSF is suitable for investors with aggressive risk-reward temperament," he added.

The issue price / NAV of PBIASSF is at RM0.2500 per unit during the 21-day initial offer period of 6 September 2007 to 26 September 2007. During the offer period, a promotional service charge of 5.45% of NAV per unit is extended to the purchase of units of PBIASSF by investors. Investors who opt for Direct Debit Instruction with PBIASSF during the offer period will also enjoy the promotional service charge of 5.45% of NAV per unit for as long as the Direct Debit is active. Terms and conditions apply. The minimum initial investment for the fund is RM1,000 and the minimum additional investment is RM100.

Interested investors can visit any Public Bank branch nationwide or call free-phone at 1-800-88-3323 during normal working hours to find out more about PBIASSF.

The manager of the fund, Public Mutual is the largest private unit trust company in Malaysia, and it manages 48 funds for more than 1,200,000 accountholders. As at 31 July 2007, the total NAV of the funds managed by the company was RM23 billion.

URL: http://www.publicmutual.com.my/article.aspx?id=6256

You can switch whatever you want into any fund. Doesn't matter if you have the fund account that you wanted to switch.

However, if you want to maintain the account (not losing the average unit cost) for the fund you wanted to switch from, you need to have a balance of 1000 units or RM 1000 NAV (not so sure about the which one is applicable).

Yes, you can switch into a 0 unit fund.

I was referring to maintain the fund account without losing the average unit cost price. If you switch out fully, you'll lose the last average unit cost price which might be much lower than if you buy the same fund again.

AmInvestment launches fund for those averse to risk

KUALA LUMPUR: AmInvestment Bank Group is confident that its latest product, AmDual Opportunities - Capital Protected, will provide 6% to 8% returns annually attributed to the potential upside with the expected volatility in Euro against the US dollar over the next two years.

According to its managing director Kok Tuck Cheong, this fund is unique as it has two-pronged returns.

"The first portion comes from the volatility of the Euro against the US dollar. The payout will be based on the difference between an average of the six best and the average of the six worst monthly movements in the Euro and US dollar. The second payout is an additional payout of 5% arising if the initial payout is above a certain level," he said at the launch of the new fund Wednesday.

According to Kok, this fund would invest primarily (minimum 90%) in two-year zero-coupon negotiable instruments of deposits, which seek to provide capital protection.

"Also it attempts to gain capital growth by investing up to 5% in an option that derives its appreciation from the upward as well as downward movements in the Euro currency against the US dollar," he added.

The Euro, which is the single currency used in 13 countries of the European Union, is expected to be volatile due to factors such as the US subprime lending woes as well as rising oil prices that may lead to higher inflation and increased interest rates.

Kok concluded that the fund was ideal for investors who are risk-averse and want to preserve their capital, and at the same time enjoy yearly returns depending on market performance.

AmDual Opportunities - Capital Protected has a total approved close-ended fund size of 300 million units priced at RM1 per unit during the initial offer period from Sep 3 to Oct 2.

The minimum initial investment is RM5,000 while the minimum additional investment is RM5,000.

URL: http://biz.thestar.com.my/news/story.asp?f...07&sec=business

Maybe they don't want to go into that direction ...

It's not a cheap fund to play.

Darkmage12, you not interested to buy PB Islamic Asia Strategic Sector Fund (PBIASSF)? It's a PB series fund ...

SI is still effective if I perform a partial switch or repurchase?

Dear Unitholder,

We are pleased to attach the market wrap and bond market review for the week/fortnight ended 31 August 2007 for your information.

Regards

Customer Service

[attachmentid=290302]

Get back to your servicing agent or give a call to PM CS.