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Tuesday, January 6, 2009

Public Index Fund (PIX): September 2008 Review

Public Index Fund

Fund objective:
To achieve long-term capital appreciation while at the same time attempting to outperform the KLCI

Investor's Risk Profile:
Moderate

Lipper Leaders Rating:
3 for Consistent Return
3 for Preservation
3 for Total Return

Morningstar Rating: 3 STAR
Morningstar Category: Malaysia Equity

Financial Year End: 31 January

Approved Fund Size: 1.5 billion units

Current Fund Size:
NAV: RM 487.18 million
Units: 802.23 million

Public Index Fund (PIX) posted a -16.48% compared to the benchmark KLCI's -18.34% in the 6 months ending 30 September 2008. Since launched on 2nd March 1992, PIX has at all time, outperformed the benchmark KLCI.

The Top 5 Sectors where the PIX invested in:

1) Financial (25.98%)
2) Consumer, Cyclical (10.92%)
3) Industrial (10.20%)
4) Communications (9.90%)
5) Utilities (9.12%)

Top 5 Holdings

1) Public Bank Berhad (9.87% of NAV)
2) Malayan Banking Berhad (6.17%)
3) Sime Darby Berhad (5.59%)
4) Tenaga Nasional Berhad (5.58%)
5) UMW Holdings Berhad (5.52%)

Asset Allocation

1) Equities & Derivatives (86.17%)
2) Money Market Instruments & Others (9.33%)
3) Fixed Income Securities (4.50%)

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