New Fund: PUBLIC ISLAMIC ASIA BALANCED FUND (PIABF) HOT HOT HOT

1) Fund Objective: To provide steady income and to achieve respectable measure of capital growth over medium to long-term period by investing in portfolio of stocks and securities in domestic and regional markets that complies with Shariah principles.
2) Risk Profile : Conservative to moderate risk
3) Fund Size : RM 375 Million
4) Launch date : 21st August - 10th September 2007
5) Offer price: 25 sen/unit
6) Service Charge: 6.5% BUT during offer period, service charge 5.45%
7) *FREE Takaful coverage for RM5000 NAV and above!
(Group-Term Life + Group Personal Accident) - Terms & Conditions Apply

   
PUBLIC BANK BERHAD
PUBLIC AFFAIRS DIVISION
12TH FLOOR, MENARA PUBLIC BANK
146 JALAN AMPANG
50450 KUALA LUMPUR
MALAYSIA
TEL : 03-2163 8888/ 2163 8899
FAX : 03-2168 8619 Website:www.publicbank.com.my

Note To Editors:
This press release is issued by
Tan Sri Dato' Sri Dr. Teh Hong Piow
Chairman of Public Bank Group


15 August 2007


Public Bank Group: No Exposure To The US Subprime Mortgage Market

In view of the increasing concern around the world arising from issues related to the US residential mortgage market, Public Bank is pleased to inform that it has absolutely no exposure to the US subprime mortgage market directly or indirectly.

"The Public Bank Group's overall operations, including its Labuan Offshore Bank and overseas operations in Hong Kong and China, Indochina and Sri Lanka have absolutely no exposure to the US subprime mortgage market segment whether directly or indirectly in its investment portfolio," Tan Sri Dato' Sri Dr. Teh Hong Piow, Chairman of the Public Bank Group said today.

In addition, the unit trust funds managed by Public Mutual do not have any direct or indirect investment in the US subprime mortgage market.

Tan Sri Teh added that the Public Bank Group expects another year of strong performance this year. "This year, we expect the Group's loan growth to be sustained at the strong pace of the annualised rate of 17% as achieved in the first half of 2007. The Group's customer deposits continue to grow strongly. The Group's asset quality is expected to remain strong. Currently, the Group's net non-performing loan ratio is only 1.5% - the lowest in the banking industry in Malaysia. With its healthy loan to deposit ratio of 75%, the Group is very liquid."

Tan Sri Teh also said that the banking system in Malaysia is very liquid, strong and well capitalized.  The interbank money market remains stable due to ample liquidity. "The Governor of Bank Negara Malaysia has already said  that there is sufficient liquidity in the banking system," Tan Sri Teh added.



Tan Sri Dato' Sri Dr. Teh Hong Piow
Chairman of the Public Bank Group

The irony is that most of us have our own agents liao. I bet most of ours are the sleeping kind.

kingkong81, there's a dedicated thread for PIABF in this section.

I think should be possible, but anyway Any PM agents around that can answer this question???

It would a great discount for me, if I can get back my investment in commission 

i not dare to recommand any cash fund ,because i just a new be ,however,i saw public  mutual recently lower their initial investment requirement to buy cash fund.the start up now only need RM1k insteed of RM5k last time.

anyway,the PM's best performance cash fund currently are PMMF.

it ended green because of the injection from the Fed

Maybe they don't intend to reduce the interest rate if previous cash injection could help to boost the market.

Tomorrow will be the last day to perform AI (topup) at discounted service charge of 5.45% to selected PM funds in conjunction with the Failaka award.

Still hesitating on topping up on PFEPRF.

Buy what? New fund application for PFEPRF?

Why you wait till now? If you submit SI tomorrow together with your new applcation, I don't think that you'll be getting disounted service charge of 5.45% on your future SI.

I think all the application submitted before 3pm today, will get discount as stated...

i filled that form
she messed up

i chose auto debit becoz im most of the time oversea, and PBE online sux.

dzi921, I want to get myself another 'tian zhu' also since I lost mine months ago. I need some 'ONG' in my UTs, stocks and myself also. This month is really a bad month. Market crashed and buses crashed also.

Btw, I am planning to go into PCSF in near term. Will make it a 5-10 years investment plan.

You are interested also? Hehe, I think I will make a switch over it since balanced fund is not performing now.

I really missed the good chance on last Friday. So far, Friday is indeed the lowest point so far for the last few months.

I have a good feeling that today (today NAV will be published tomorrow) and tomorrow (tomorrow NAV will be published on Friday) will be GREEN too.

Pressure to cut unit trust upfront fees

By DALJIT DHESI

The latest player to join the unit trust league is InterPacific, which currently does not impose any upfront sales charges. Tune Money, meanwhile, plans to launch funds online with zero or minimal sales charges.

With the entrance of these players, competition is getting intense and fund houses will need to review their charges to ensure they are able to sustain the public's interest in investing with them, according to an industry observer.

By not imposing any upfront fees, a unit trust management company can fully invest their clients' money in the funds, they added.

Sources said many fund houses were not very keen on the EPF proposal to reduce the charges as it would affect their distributors' income, leading to lower sales volumes. At present, many of them sell funds via agents and banks (as third-party distributors).

http://biz.thestar.com.my/news/story.asp?f...52&sec=business

I don't think PAIF got takaful.

Anyone can help me.I've opened an PISBD on 6/9/07. When will i get the account number? thanks 4 replying.

PIOF is like PSMALLCAP but target local Shariah companies
*Aggressive

PAIF is target regional Shariah companies
*High Risk

Ask yourself where you want to invest? Local or Regional? Aggressive or High Risk?
It is also depending on what you are holding now. If you have a lot of local fund, then perhaps you might want to try Regional funds