Capitalising on the Long-Term Growth Trends of
Healthcare and Global Stocks
Public Bank’s wholly-owned subsidiary, Public Mutual, is launching a new fund named Public Healthcare-Global Equity Fund (PHGEF) on 20 October 2020.
The Fund is a global equity fund which will invest primarily in the healthcare sector as well as other sectors with long-term growth prospects in the global markets. PHGEF aims to invest 75% to 98% in equities, with up to 98% in foreign assets.
“Investors seeking to tap into global healthcare trends as well as the long-term potential of the global markets may consider investing in PHGEF, which will invest at least 30% of its net asset value (NAV) in healthcare-related stocks and collective investment schemes, with the balance in other sectors with resilient growth and long-term structural trends,” said Public Mutual’s Chief Executive Officer, Ms Yeoh Kim Hong.
Generally, the growth prospects of the healthcare industry are expected to be underpinned by the growth in global healthcare spending, increasing life expectancy and rising demand for higher-quality healthcare. According to Global Health Care Outlook 2020 by Deloitte, global healthcare spending is estimated to grow at a compounded annual growth rate (CAGR) of 5% between 2019 and 2023, driven by a growing and ageing population as well as the greater accessibility of healthcare treatment.
Moreover, pharmaceutical and biotechnology companies as well as companies that manufacture medical equipment and devices stand to benefit from the current Covid-19 pandemic. Over the long run, revenues of these companies should be supported by the increase in healthcare expenditure.
The initial issue price for PHGEF is RM0.2500 per unit during the 21-day initial offer period from 20 October to 9 November 2020. The minimum initial investment is RM1,000 while the minimum additional investment is only RM100. All investors can enjoy a special sales charge of 4.50% when they invest in PHGEF during the offer period.
In addition, all investors will stand a chance to win attractive prizes including a Dyson Pure Cool air purifying tower fan, Philips Slow Juicer, Fitbit Smart Scale and Xiaomi Band 5 Bluetooth Fitness, with one lucky draw ticket for every RM5,000 per transaction invested in PHGEF per account during the offer period. Interested investors may find out more about the campaign at www.publicmutual.com.my. Terms and conditions apply.
PHGEF is distributed by Public Mutual’s unit trust consultants. Interested investors can contact any Public Mutual unit trust consultant, call our Customer Service Hotline at 03-2022 5000 or visit our website for more details on the fund.
Public Mutual is Malaysia’s largest private unit trust company with more than 150 funds under its management. It is also an approved Private Retirement Scheme (PRS) provider, managing nine PRS funds. It has a total of 31 branches/customer service centres nationwide. As at end-August 2020, the total fund size managed by the Company was RM95.6 billion.
Investors are advised to read and understand the contents of the Prospectus of Public Healthcare-Global Equity Fund dated 20 October 2020 and the fund’s Product Highlights Sheet (PHS) before investing. Investors should understand the risks of the fund and compare and consider the fees, charges and costs involved in investing in the fund. A copy of the Prospectus and PHS can be viewed at our website www.publicmutual.com.my. Investors should make their own assessment of the merits and risks of the investment. If in doubt, investors should seek professional advice. Please refer to www.publicmutual.com.my for our investment disclaimer.