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

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?

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

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

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

Even though PITTIKIAL is a marvellous fund in ITTIKIAL series, doesn't mean that this China Shahriah fund will share the same success story.

So when this fund will be launched? Anybody will be going for it?

How about the other two sector funds?

It's actually two since the China Pacific Fund is a PB series fund.

You still got time to consider. Let's say it's really launched on 20 November and upon launching, it's still got 21 more days before the real trading engine starts.

Otherwise, if you can't wait anymore, you may opt for PCSF since its NAV is relatively low at this point of time.

This post has been edited by David83: Nov 12 2007, 08:44 PM

They could apply for fund size increase like what they did on PCSF.

It depends on the fund portfolio. I think PCSF has a greater NAV change due to volatility behaviour of China market.

Guess that entering PCSF now would be a better option since its NAV is nearly touching its initial NAV.

PCSF NAV used to drop below its inital NAV once two to three months ago.

This post has been edited by David83: Nov 13 2007, 08:21 PM

I do agree on the instability of PCSF. It may be directly related to the volatility of China market. PCIF would experience the same since both are investing heavily at that region.

This showed how volatile the China market is. Funds like PCSF that concentrate most of its portfolio are tracking closely to the market indices performance and no doubt that PCIF would share the same behaviour. China related funds are aggressive fund and I don't plan to keep them long - mostly right after Olympics ended for few days.

So beginner, are you going for this fund?

Which REIT are you referring to? PFEPRF or what?

Official prospectus is out at PM website:

Public Mutual Launches Its First China Islamic Fund

Public Bank's wholly-owned subsidiary, Public Mutual launches its first China Islamic fund, Public China Ittikal Fund today (Tuesday). Public China Ittikal Fund (PCIF) will invest in the Greater China region which offers promising opportunities for medium- to long-term investors.

Public Mutual's Chairman Tan Sri Dato's Sri Dr. Teh Hong Piow said PCIF will capitalise on the solid growth prospects in Greater China. In the past five years, equity markets in this region have enjoyed a sustained uptrend amidst the rebound in global economies and strong investor demand to participate in the growth prospects of the Greater China region. "China has emerged as a major growth engine for this region apart from the U.S with real Gross Domestic Product (GDP) growth sustained at a robust pace averaging 9.2% annually," he added.

Tan Sri Teh continues to say that PCIF is designed to capture the vast opportunities of Greater China.

"The region which encompasses China, Hong Kong and Taiwan presents significant growth opportunities. The Chinese economy is projected to grow steadily at 11.2% for 2007 and 10.6% for 2008, supported by resilient domestic consumption, investment and exports. Driven by strong domestic demand and robust tourist arrivals, Hong Kong's GDP growth is set to expand at above 5% for 2007/2008. Meanwhile, GDP growth for Taiwan is projected at above 4% for 2007/2008 amidst resilient investment spending and global demand for electronic products," he said.

PCIF is an Islamic equity fund that seeks to achieve capital growth over the medium- to long-term period by investing in a portfolio of Shariah-compliant investments in the Greater China region and the balance in the domestic market. The fund will invest a minimum of 70% of its net asset value (NAV) in the Greater China region namely in China, Hong Kong and Taiwan stocks. The equity exposure of PCIF will generally range from 75% to 90% of its NAV.

Tan Sri Teh added that PCIF is suitable for aggressive investors who can withstand extended periods of market highs and lows to achieve medium- to long-term capital growth for their investments.

The issue price / NAV of PCIF is at RM0.2500 per unit during the 21-day initial offer period of 20 November 2007 to 10 December 2007. During the offer period, a special promotional service charge of 5.45% of NAV per unit is extended to the purchase of units of PCIF by investors. Investors who opt for Direct Debit Instruction with PCIF during the offer period will also enjoy the special 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.

PCIF is distributed by Public Mutual's unit trust consultants. Interested investors can contact any Public Mutual unit trust consultant or call its Customer Service Hotline at 03-6279 5252 for more details of the fund.

Public Mutual is the largest private unit trust company in Malaysia and it currently manages 53 funds for more than 1,350,000 accountholders. As at 31 October 2007, the total net asset value of the funds managed by the company was RM26.7 billion.

URL: http://www.publicmutual.com.my/article.aspx?id=6382

An accompanying article from PM for promoting PAIF:

Growth in the Greater Midlle Kingdom
http://www.publicmutual.com.my/page.aspx?n...art_gitgmk_pg01

Well, it's up to you to keep on holding PCIF after Olympics 2008. PM rated this fund as Aggressive while PCSF as High Risk.

PCIF - Aggressive
To achieve capital growth over the medium to long-term period by investing in a portfolio of Shariah-compliant investments in the greater China region and the balance in the domestic market.

- 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 States of America and other approved markets.

PCSF - High Risk
To achieve capital growth over the medium to long-term period by investing in a portfolio of investments in the greater China region namely in Hong Kong, China and Taiwan markets and including China based companies listed on overseas markets. The fund may also invest in companies listed on Bursa Securities and other foreign markets which have significant or potentially significant business operations in the greater China region

This post has been edited by David83: Nov 20 2007, 09:12 PM