Public Select Alpha-30 Fund

On the 7th of April, 2009, Public Mutual launched their first fund for 2009, Public Select Alpha-30 Fund. It has been quite some time since they last launch a new fund, obviously due to the worsening financial crisis in the US.

So what is the focus of this fund?

- As the name suggests, it will invest in up to a maximum of 30 stocks primarily listed on Bursa Malaysia.

- To diversify its investments, the Fund may invest in selected foreign markets which include Singapore, Taiwan, South Korea, Japan, Australia, New Zealand, Hong Kong, China, Thailand, Indonesia, Philippines and other markets.

- equity fund that seeks to achieve capital growth

Nature of the fund: Aggressive risk-reward temperament

Issue price: RM 0.25

During the offer period between 7 April to 27 April 2009, a service charge of up to 5.00% will be charged. After the offer period, service charge of up 5.50% will be charged.