Public Mutual launches Asia Pacific Dividend Fund
PUBLIC Mutual launched the PB Asia Pacific Dividend Fund yesterday where the focus is to generate regular income and capital growth.
It said the fund would invest in a diversified portfolio of stocks in domestic and regional markets that have the potential to offer attractive dividend yields.
The fund will invest 75 to 98 per cent of its net asset value (NAV) in equities and up to 98% in markets such as South Korea, China, Taiwan, Hong Kong, the Philippines, Indonesia, Singapore, Thailand, Australia and other permitted markets.
Public Mutual CEO Yeoh Kim Hong said the fund was suitable for those seeking annual income and capital growth over the long term.
“This fund is positioned to provide consistent returns with lower volatility as it focuses on dividend-yielding stocks which are more resilient and less volatile,” she said.
The initial issue price for the fund is 25 sen per unit during the 21-day initial offer period from Tuesday to Sept 4.
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 promotional sales charge as low as 5 per cent of the NAV per unit.
Public Mutual has over 3.5 million account holders. As at end-June 2017, the fund size managed by the company was RM76.9 billion.
