how come PBCMF only have a one day initial offer period, while the
PBIAEF has an issue price of RM0.25 per unit and 1% FREE UNITS will be given away during the 21-day initial offer period of 8 January 2007 to 28 January 2007

"PBCMF, on the other hand, is a money market fund that is actively managed to provide liquidity and current income while maintaining capital stability. “PBCMF provides an option for investors to park their monies on a short term basis before investing in or switching back to equity, balanced or bond funds. The fund will, on a best effort basis, distribute income annually to unitholders,” he said.

With an issue price of RM1.00 per unit during the 1-day initial offer period on 8 January 2007, PBCMF is suitable for short term investors with conservative risk-reward temperament. Its minimum initial investment is RM1,000 and minimum additional investment is RM1,000."

http://www.publicmutual.com.my/article.aspx?id=5863

This post has been edited by repusez: Jan 10 2007, 12:44 PM

want to ask also do those syariah / islamic based fund perform better or worse than those normal fund?

any comments on this two new PB fund, Public Far-East Balanced Fund (PFEBF) and Public Global Balanced Fund (PGBF).

here's your proof. this is taken from the star

"Funds for Malaysian market outperform those overseas

IN the last year or so, small investors fled in droves into global or regional Asian funds launched by unit trust companies here.

The investors felt, as the saying goes, the grass is always greener on the other side of the fence.

The companies read the mood of retail investors well, and almost all of the unit trusts launched during this period carried the mandate to invest overseas.

More than that, there was heavy selling by investors of their units in Malaysian equity funds. As a result, some of these funds shrank as much as 30% last year in terms of units issued.

The irony of these decisions is that, as it turned out, the funds for the Malaysian stock market far outperformed those that went overseas. The top two Malaysia funds increased their unit value by over 50% last year compared with above 20% for global funds managed here.

In addition, each of the top 10 Malaysian funds rose by more than 30% in unit value last year – an outstanding achievement – compared with a performance range of 23.5% to 5.8% among the top 10 global funds, according to Standard & Poor's (S&P) data published in BizWeek.

One reason for this divergence in performance could be the strength of the Malaysian market as a laggard in the region, just as local retail investors “locked in” their initial gains.

Furthermore, the local fund managers may be relatively inexperienced in investing regionally or globally.

That could, of course, change this year or in other years, but so far this year, Malaysia's performance continued.

In the four weeks this month, the Kuala Lumpur Composite Index outperformed its peer indices in Thailand, Singapore, Indonesia, India, Taiwan and South Korea.

In a way, naturally Bursa Malaysia Bhd, the stock, rose about 30% this month and was the world's best performing stock exchange, according to a Bloomberg article.

The grass may be quite green on the home ground, too. Retail investors should consider investing in the local market and pick unit trust companies that have shown some consistency in performance in recent years"

http://biz.thestar.com.my/news/story.asp?f...34&sec=business