Today, Public Bank is launching its latest fund, PB Indonesia Balanced Fund, which primarily invests in the Indonesian market including Indonesian businesses or companies listed in other permitted markets. The fund adopts a balanced asset allocation (60% equity: 40% fixed income) approach to participate in the long-term growth prospects of the Indonesian market. The fund is managed by Public Mutual.
Key investment points:
- Indonesia is the largest economy and one of the fastest growing countries in Southeast Asia.
- An emerging economy which charted a healthy growth rate averaging 5.1% per annum (2008-2009)
- Large domestic demand base with robust consumer spending, and rich of commodities.
Offering period : 12th Oct - 1st Nov 2010
Initial price : RM 0.2500 per unit
Initial investment : Min RM 1,000
Top-up : Min RM 100
Service charge : Up to 5.50%
Source: Public Mutual