New fund from Public Mutual

KUALA LUMPUR: Public Mutual Bhd will launch on April 1 the Public China Titans Fund (PCTF), which seeks to tap into the growth prospects in the Greater China region.

Chairman Tan Sri Teh Hong Piow said PCTF offered investors the opportunity to capitalise on the growth prospects of large-cap stocks in Greater China.

"The return of funds that focus on large-cap stocks are usually considered more stable than small-cap funds as larger corporations are better positioned to weather economic cycles due their sheer size, stronger cash flows and dominance in their respective industries," he said in a statement yesterday.

PCTF is an equity fund that seeks to achieve capital growth over the medium to long term by investing up to 98% of its net asset value in companies with market capitalisation of RM10bil and above in China, Hong Kong and Taiwan, and China-based companies listed on overseas markets.

URL: http://biz.thestar.com.my/news/story.asp?f...91&sec=business