New Fund: PB Indonesia Balanced Fund

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:

1. Indonesia is the largest economy and one of the fastest growing countries in Southeast Asia.
2. An emerging economy which charted a healthy growth rate averaging 5.1% per annum (2008-2009)
3. Large domestic demand base with robust consumer spending, and rich of commodities.

Key features

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