Public Mutual launches Public e-Islamic Pioneer Entrepreneur 40 Fund

KUALA LUMPUR: Public Bank’s wholly-owned subsidiary, Public Mutual, is launching a new fund named Public e-Islamic Pioneer Entrepreneur 40 Fund (PeIPE40F).

PeIPE40F aims to ride on the success of founder-led companies and will invest up to a maximum of 40 syariah-compliant stocks primarily focused on pioneer entrepreneur stocks, which refer to stocks of companies whereby the founder of the company is part of the company’s management team and/or sits on the company’s board of directors at the point of purchase.

“Some of the world’s most innovative and successful companies have one thing in common – they are run by their founders, who usually have a clear vision for the company’s future and the desire to build a successful company that lasts.

“PeIPE40F will invest primarily in these companies, as they tend to benefit from be er innovation, greater adaptability and long-term sustainability,” it said in a statement.

“As PeIPE40F focuses its investments in a portfolio of up to 40 stocks, it enables the fund to take concentrated positions in selected key stocks with good fundamentals and strong earnings growth potential.”

In order to achieve long-term capital growth, the fund will invest 75 to 98 per cent of its net asset value (NAV) in syariahcompliant equities globally, with the balance invested in sukuk and Islamic liquid assets.

The fund is available exclusively online via our Public Mutual Online (PMO) platform with a minimum initial and additional investment amount of RM100 and a sales charge of as low as 3.75 per cent. The initial issue price for PeIPE40F is RM0.2500 per unit during the 21-day initial offer period from April 21 to May 11, 2021.

All statements of transactions, investments and reports regarding PeIPE40F will be made available online to unit holders.