China, currently the world's fourth largest economy is set to become the world's next economic giant. Both Hong Kong and Taiwan are the potential beneficiaries of China's strong economic growth. The new Public China Ittikal Fund is an aggressive Shariah-based fund designed to capture the vast opportunities of the greater China.

- A minimum of 70% of the fund's net asset value (NAV) will be invested in the greater China region, namely Hong Kong, China and Taiwan markets.
- The fund can also invest in China-based companies listed on overseas markets such as Singapore, the United Stated of America and other approved markets.
- Equity exposure: generally range from 75% to 90% of its NAV.
- Launched at NAV of RM0.25 per unit during offer period (20 Novenber 2007 - 10 December 2007).
- Suitable for investors with aggressive risk-reward temperament.

*Promotional service charge of 5.45% of NAV per unit during offer period

This post has been edited by beginner: Nov 18 2007, 12:23 PM

It is a China Shahriah fund that has been discussed before.

Public China ITTIKAL Fund.
1)Fund Objective:
To achieve capital growth in mid- to long-term by investing in Shariah-compliant investments in Greater China region, namely China, Hong Kong & Taiwan.

2)Asset Allocation:
75 - 90% of NAV will be invested in equity market
Minimum of 70% will be invested in Greater China region (China, HK, Taiwan) market & China-based company listed in overseas market.

3) Risk Profile: Aggressive-risk
4) Distribution Policy: Incidental
5) Fund Size: 375 million
6)Unit Price: 25sen/unit REDUCED Service Charge : 5.45%!!!

7) SPECIAL DDI CAMPAIGN!! (terms & condition applied)

8) Performance benchmark
45.15% (1-yr) 93.20% (3-yr) 158.84% (5-yr)

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This surely going to be a hit....PM is well known for its ITTIKAL fund. This time it is combined with China some more..

PITTIKIAL is impressive fund. However, PAIF isn't that great.

I think this China Ittikial fund will be a risky fund. Maybe its risk might be lower as compared to PCSF.

Should I consider this?

sounds interesting... by the way, UTs are gaining popularity... i wonder why?

also, how much are UT's making on average per annum?

i thinking to invest in this fund!

One of the reason might be due to government's promotion through PNM and UT products.

so it's like a commercialize investment vehicle?

and returns?

Depending on the type of funds you are investing in, UT generally give an average of 8-10% return p.a.
For my portfolio, most of it earn more than that (excluding the new ones that i juz got, not enuf 1/2 yr oso)


It is gaining popularity now because not only the government are encouraging ppl to invest, it is oso becoz it is definitely a better saving instruments that can give better return than FD, saving accounts or EPF.

I would not agree in term of commerciallize investment vehicle term. It sounds like it is juz a hype or a scam. It is gaining popularity bcoz it really works n ppl are reaping the benefits from it. Besides, the government encourage ppl to invest into UT is oso part of the way to boost our economy as well

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Added on November 10, 2007, 11:29 amme too

This post has been edited by kingkong81: Nov 10 2007, 11:29 AM

what types of fund do you recommend? there are so many out there...

i put mine in stocks and so far in average they generate 10x more than that of an average UT... but there's one dumb counter that i lost 75% of my investment... anyway, thanks a lot for the info everyone

how is UT compared to ASN?

Yes, it will definitely be a big hit, but with such a small size, it will be full very soon and most probably the fund manager is going to close it.
China market is very volatile now, and it is not wise to move into a market that has been moving upwards the last 2 years. I am not going into this fund because it is too concentrated.
I prefer an exposure on China markets, but not concentrated.

It depends on your risk appetite. The same old principle, High Risk High Return. There are Agrressive risk fund like PCSF, PSEASF & PCIF (Pub China Ittikal), there are moderate risk (PIADF, PFEDF), Balanced fund as well as low risk bond fund.

Stocks can give you good return, it can oso wipe out ur earning, like wat u said. There are a lot of ppl out there who dare not play stocks, do not know how, dun hv the expertise & dun hv the time as well, so Unit Trust give them a safer way to do investment.

ASN is oso a type of government-linked UT, mainly for bumiputra. ASN is so popular bcoz it gives attractive dividend, 7 - 9%. But i do not see much capital growth in it. ASN is like super safe UT, since government issue one mar.
But i do see more return in terms of capital growth in non-gov UT, n more availability to purchase it as well (ASN finish even b4 the bank open )

Can you elobrate more on the "too concentrated"? Thank you.

any agent here? need more information regarding this fund

i think otherwise, maybe they will keep increasing the size of the fund like what they did to far east property&resorts?

seems like Public bank is very very very busy launching new fund lately,
every 3 weeks got new fund, once a promotion for a certain fund ends, another comes up, and PB and Public are taking turns. currently lagi keng, two funds launch together, Sector Fund and Islamic Sector Fund

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Added on November 10, 2007, 3:37 pmkawan, whats DDI?

This post has been edited by beginner: Nov 10 2007, 03:37 PM

DDI = direct debit instruction
Every month potong from your savings account. If you invest within the promotional period, the DDI is also entitled for the promotion.

I don't think they'll increase the size for this fund lah. Doesn't look like it, anyway.

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Achtung: Blatant self promotion ahead!
Who wants to buy PM funds from me?

By the way, did they really increase the fund size for PCSF from the initial launching size?

YES, increased several times.

http://financialpath.blogspot.com/2007/10/...than-rm850.html

latest of which approved size is 8billion units, subscribed at about RM1.4billion(~5billion units)

what is the minimum investment amount?

1k?

yes. top up minimum RM100, thats the standard amount for pubic mutual funds