04 August 2015

New Fund: Public Select Treasures Equity Fund

Yet, another new fund from Public Mutual for investors to consider. The local fund house want to capitalize on its local expertise by launching this new local fund which seeks to achieve capital growth over the medium to long-term period by investing in a portfolio of investments comprising small and medium-sized companies in terms of market capitalisation from diversified economic sectors.

Only local? How about foreign markets?
Although the fund is predominantly investing in local stock market, it can also invest in component stocks of small and mid cap stock market indices of selected foreign markets. If the small and mid cap stock market indices are not available for a foreign market, the fund will invest in stocks of companies which form the bottom 30% of the cumulative market capitalisation of that particular market.

To achieve increased diversification, the fund may invest up to 25% of its NAV in equities and fixed income securities of selected foreign markets which include China, South Korea, Japan, Taiwan, Hong Kong, Singapore, Indonesia, Thailand, Philippines and other permitted markets.

Does the fund do currency hedging?
Yes, the fund may utilise foreign exchange forward contracts to hedge against foreign currency movements.

What's the benchmark the fund?
  • 70% FTSE Bursa Malaysia Mid 70 Index;
  • 20% FTSE Bursa Malaysia Small Cap Index; and
  • 10% 3-Month KLIBOR

Source: Public Mutual


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