Double launch by Public Mutual

Public Mutual launched two new Islamic funds, Public Islamic Select Enterprises Fund (PISEF) and Public Islamic Income Fund (PI INCOME) on 14 August 2008 (Thursday).

PISEF is suitable for investors who wish to participate in the long-term growth potential of Shariah-compliant bellweather companies in the domestic market. PISEF is an aggressive Islamic equity fund that seeks to achieve capital growth through investment in the largest 50 companies in term of market capitalisation (at the point of purchase) listed on Bursa Securities which comply with Shariah requirements. Among the strong points of this fund:

Largest in terms of market capitalisation.

Well-diversified portfolio with reputable track records.

Resilient growth prospects due to company size and entrenched market share.

Strong financial resources to withstand challenging economic conditions.

Complies with Shariah requirements for peace of mind.

Special promotional service charge* for cash investment during offer period from 14 August - 3 September 2008.

*Promotional service charge of 5% of Initial Offer Price per unit during offer period.

Category of Fund: Equity Fund (Shariah)
Approved Fund Size: 1.5 Billion Units
Launch Date: 14 August 2008
Investor's Risk Profile: Aggressive
Fund Objective:
To achieve capital growth through investments in the largest 50 companies in terms of market capitalisation (at the point of purchase) listed on Bursa Securities which comply with Shariah requirements.



PI INCOME caters for those seeking a steady stream of annual income. Both funds are open for EPF Members Investment Scheme. PI INCOME is an Islamic fixed income fund that seeks to provide annual income over the medium- to long-term period by investing in sukuk and Islamic money market instruments. The fund will invest up to a maximum of 60% of its NAV in sukuk in the domestic market. The balance of the fund’s NAV will be invested in Islamic money market instruments.

Category of Fund: Fixed Income Fund (Shariah)
Approved Fund Size: 500 million units
Launch Date: 14 August 2008
Investor's Risk Profile: Conservative
Fund Objective:
To provide annual income over the medium to long-term period by investing in sukuk and Islamic money market instruments.

The Initial Offer Price of PISEF and PI INCOME is at RM0.25 per unit and RM1 respectively during the 21-day initial offer period of 14 August 2008 to 3 September 2008. The minimum initial investment for both funds is RM1,000 and the minimum additional investment is RM100.