Public Mutaal is lauching a new Islamic fund, Public Ittikal Sequel Fund (PITSEQ) on 11 October 2011. OISTEQ is an Islamic equity fund that seeks to achieve capital growth over teh medium to long-term period.
The Malaysian economy is expected to show resilient growth of 4.8% and 5.3% in 2011 and 2012, supported by sustained consumer spending and growth in the services sector. Investing in PISTEQ gives you the oppurtunity to participate in the growth potential portfolio of index-linked companies, blue chip stock and companies with growth prospects that are listed on the Bursa Securuities.
Increased diversification, PITSEQ may invest up to 30% of its NAV in selected foreign markets. The foreign markets which the fund may invest in Singapore, Taiwan, South Korea, Japan, Hong Kong, China, Thailand, Indonesia, Philipines, India, Australia, United State of America and other permitted markets.
The equity exposure of PITSEQ will generally range from 70% to 90% of its NAV. PITSEQ is suitable for aggressive investors who wish to participate in the medium to long-term growth potential of primarily Malaysian Shariah-compliant equity investments.
PITSEQ comes with free Takaful coverage on Group Term Life with Total and Permanent Disability plus Group Personal Accident for untiholders aged between 18 to 59 years with minimum NAV of RM5,000 at any point of time. Term and conditions apply.
Up to date, Public Mutual is Malaysia's lagest private unit trust company with 90 funds under management. It has over 2.5 million accountholders and as at 29 August 2011, the total NAV of the funds managed by company was RM42.4 billion.
