Public Mutual Launch New Islamic Fund – PIOGF.

Public Mutual telah issue official press release berkenaan new fund yang akan dilancarkan pada 8 April 2008 ini. Seperti yang telah saya inform dalam post sebelum ni, nama fund nya ialah Public Islamic Optimal Growth Fund ataupun ringkasannya PIOGF. Berikut adalah summary of the fund.

Fund Name : Public Islamic Optimal Growth Fund (PIOGF).
Category : Equity Fund.
Type : Income & Capital Growth.
Distribution Policy : Annual income to the investors on a best effort basis.
Objective : Islamic equity fund that seeks to provide income and capital growth by investing in Shariah-compliant stocks which offer attractive dividend yields and growth stocks in the domestic market.
Investor Profile : Aggressive.
NAV per unit : RM0.25 during offer period (8/April/2008~28/April/2008).
Sales Charge : Up to 5% (cash – within offer period), 3% (EPF).
Initial Investment : RM1,000
Additional Investment : RM100

Berikut ni pulak ialah press release yang dikeluarkan oleh Public Mutual.

Public Islamic Optimal Growth Fund to capitalise on dividend and growth stocks in the domestic market.

Public Bank’s wholly-owned subsidiary, Public Mutual will launch a domestic Islamic fund, Public Islamic Optimal Growth Fund (PIOGF) on 8 April 2008 (Tuesday). Investors who wish to achieve an optimal combination of capital appreciation and income growth over the long-term can invest in the PIOGF. PIOGF is open for EPF Members Investment Scheme.

Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow said PIOGF is an Islamic equity fund that seeks to provide income and capital growth by investing in Shariah-compliant stocks which offer attractive dividend yields and growth stocks in the domestic market. “PIOGF invests 50% of its equity investment in Shariah-compliant growth stocks in the domestic market while the remaining 50% of its equity investment is invested in Shariah-compliant stocks which offer attractive dividend yields,” he added.

Tan Sri Teh explains that PIOGF is a capital growth and income fund that is suitable for medium to long-term investors with aggressive risk-reward temperaments. The equity exposure of PIOGF will generally range from 75% to 95% of its net asset value (NAV). PIOGF distributes annual income to the investors on a best effort basis.

The Initial Offer Price of PIOGF is at RM0.2500 per unit during the 21-day initial offer period of 8 April 2008 to 28 April 2008. The minimum initial investment is RM1,000.

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