Public mutual is launching a new fund, Public Indonesia Select Fund on 1st September 2010. The fund invests in a diversified portfolio of blue chips, index stocks and growth stocks primarily in the Indonesian market, with up to 30% of its net asset value invested in the Malaysian and other global markets.
Public Mutual’s CEO said
Indonesia, which has the largest economy in South East Asia, is poised to be one of the fastest growing economies in Asia after China and . India
Key selling points:
- Huge domestic base, being the 4th most populated country in the world.
- Rich in resources
- Improved fiscal position in recent years
The fund would focus on sectors which include banking & finance, commodities, building materials and consumers. The fund is a niche product suitable for aggressive investors who wish to capitalize on the long-term growth prospects of Indonesian market.
Offer period : 1 – 21st September
Min investment : RM 1,000
Min top-up : RM 100
Entry fee : 5.50%