KUALA LUMPUR: Public Bank Bhd’s wholly-owned Public Mutual Bhd has launched PB Global Opportunities Fund that will invest primarily in a diversified portfolio of small and mid-capitalisation companies listed on global markets.
Public Mutual chief executive officer Yeoh Kim Hong said PB Global enables investors to participate in global equity markets with a diversified portfolio.
The fund would primarily invests in stocks of small and mid-cap companies, which tend to have higher earnings growth potential relative to large-cap companies due to their small earnings base, she added.
“Exposure to small and mid-cap funds can also diversify investors’ portfolios as the earnings profile of such stocks are more domestic driven compared to large-cap stocks,” Yeoh said in a statement.
She said the fund will invest 75 per cent to 98 per cent of its net asset value (NAV) in equities while the remaining will be invested in fixed income securities and liquid assets.
The initial issue price for the fund is 25 sen per unit during the 21-day initial offer period from today to September 11.
Public Mutual is Malaysia’s largest private unit trust company with more than 140 unit trust funds under its management.
It is also an approved private retirement scheme (PRS) provider, managing nine PRS funds.
It has a total of 32 branches/customer service centres nationwide.
As at end-June 2019, the total fund size managed by the company was RM84.4 billion.