For the convenience of the investors under the Direct Debit Instruction (DDI), the price of Public Mutual on the 8th and 18th every month will be posted to this blog, so that investors can conveniently check their units obtained for the particular day of DDI purchase
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Public Mutual is offering a Special Service Charge of 5% when you invest in their equity funds for a limited period. The offer period is from 3 November to 3 December, 2008.
As in my earlier post titled "Unit Trust is still the way to go", investing in unit trust is still the better choice despite the global financial crisis. In fact, this is best time to invest in unit trust. With this Special Service Charge offer, they will be bring in more funds to continue investing in value counter that had been battered down, counters that are still fundamentally strong and profitable. Investment at the current lower price will surely increase your potential earnings in the future.
Besides, this special service charge will be extended to all cash transactions (including standing instructions, Ringgit Cost Averaging instructions and switching of low-load units) into the equity funds during the said period.
This is indeed an opportune time for long term investors to take advantage of this attractive offer of lower service charge to increase their investment into the equity funds to meet their long term investment goals.
The world's most renowned investor Warren Buffett had in his recent article titled
'Buy American. I Am" published on 16 October 2008 in the New York Times, quoted the following in explaining why he began to invest heavily in stocks: -
“I can't predict the short-term movements of the stock market. I haven't the faintest idea as to whether stocks will be higher or lower in a month - or a year – from now. What is likely, however, is that the market will move higher, perhaps substantially so, well before either sentiment or the economy turns up. So if you wait for the robins, spring will be over.”
Public Bank on behalf of its wholly-owned subsidiary Public Mutual Berhad contributed RM200,000 to help the victims of the devastated Cyclone Nargis in Myanmar.
This contribution will go towards the relief efforts of rebuilding the life of those affected by the natural disaster.
The contribution is presented by Tan Sri Dato' Sri Dr. Teh Hong Piow, through MERCY Malaysia at Menara Public Bank today.
Tan Sri Teh added that this contribution is in line with the corporate social responsibility programmes or CSR of the Public Bank Group to help deserving communities and needy.
The Public Bank Group's CSR programmes include efforts and projects in key areas such as nation building, education, environmental conservation and health care. The Public Bank Group works with the Malaysian government and non-profit organisations in various community projects.
Public Mutual has more than 35,000 agents throughout Malaysia to sell and distribute its funds. As at 30 April 2008, the total net asset value of the funds managed by Public Mutual was RM27.8 billion.
Every company has a responsible to the society, and Public Mutual is doing his part. Public Mutual Bhd contributed RM300,000 to earthquake victims in Sichuan Province.
The contribution will go towards efforts of rebuilding the life of those affected by the devastating May 12 disaster.
The donation was presented by the founder and chairman of Public Bank and chairman of Public Mutual, Tan Sri Teh Hong Piow to Mercy Malaysia at Menara Public Bank in Kuala Lumpur.
