New Public Mutual fund to ride on changing lifestyle, tech trends

KUCHING: Public Bank’s whollyowned subsidiary, Public Mutual, is launching a new fund called Public Lifestyle and Technology Fund (PLTF) on 8 August 2018.

PLTF adopts a geographicallydiversified approach by investing up to 98 per cent of its net asset value (NAV) in selected consumer and technology stocks primarily in foreign markets such as the US, Europe and Asia Pacific regions.

The fund aims to capitalise on the changing lifestyle patterns and technology trends on the back of the increasing disposable income levels and changing demographic profiles across the global and regional markets.

“PLTF provides investors with the opportunity to participate in the continued growth of consumer and technology demand. This Fund is suitable for medium- to long-term investors who are able to withstand ups and downs of the stock market in pursuit of capital growth,” said Public Mutual’s chief executive officer, Yeoh Kim Hong.

The initial issue price for PLTF is RM0.2500 per unit during the 21-day initial offer period from August 8 to 28, 2018.

The minimum initial investment amount is RM1,000 while the minimum additional investment amount is only RM100.

Investors who purchase during the initial offer period can enjoy a special sales charge of 5.25 per cent of the initial issue price per unit.

In addition, a special campaign on PLTF will also be launched during the initial offer period.

The campaign offers trendy gadgets as lucky draw prizes. Interested investors may find out more about the campaign from Public Mutual’s website.