Business

Thursday September 10, 2009

Public Mutual unveils new fund


PETALING JAYA: Public Mutual Bhd’s new Public Australia Equity Fund (PAUEF) will give investors the opportunity to capitalise on the Australian market, given the country’s strong position in natural resources and diversified services sector, said chief executive officer Yeoh Kim Hong.

Launched on Tuesday, PAUEF is an equity fund that seeks to achieve capital growth over the medium to long-term period and mainly focuses on the commodity, banking, real estate and consumer sectors.

Yeoh said in a statement PAUEFF was suitable for investors with an aggressive risk-reward profile and those seeking to hedge their children’s future educational expenses in Australia.

Its equity exposure will generally range from 75% to 90% of its net asset value.

The initial issue price of PAUEF is 25 sen per unit up to Sept 28.

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