Tap into Growth Prospects in Vietnam and the Global Markets through PB Vietnam Global 40 Fund
Public Bank’s wholly-owned subsidiary, Public Mutual, is launching a new fund called PB Vietnam Global 40 Fund (PBVG40F) on 18 September 2020.
Investors seeking to tap into long-term growth opportunities in the Vietnam and global markets may consider investing in PBVG40F, which may invest in up to a maximum of 40 stocks.
The Fund aims to invest at least 20% of its net asset value (NAV) in the Vietnam market, with the balance in global markets including the United States (U.S.), Europe and Asia Pacific. To achieve capital growth, PBVG40F will invest 75% to 98% of its NAV in equities, with the balance invested in fixed income securities and liquid assets.
“Vietnam is an attractive destination for foreign direct investments (FDI) due to its business-friendly environment, attractive investment incentives and competitive labour costs. It is also a potential beneficiary of the relocation of production facilities amid the ongoing global trade tensions,” said Public Mutual’s Chief Executive Officer, Ms Yeoh Kim Hong.
Moreover, Vietnam is well-positioned for an economic recovery from the COVID-19 outbreak due to its early containment efforts. The country’s economic growth is envisaged to remain in positive territory for 2020, supported by the government’s monetary and fiscal stimulus measures.
The initial issue price for PBVG40F is RM0.2500 per unit during the 21-day initial offer period from 18 September to 8 October 2020. The minimum initial investment amount is RM1,000 while the minimum additional investment amount is only RM100.
For more details on the Fund, please contact Public Bank’s Financial Executives at any branch nationwide or call Public Bank’s toll-free number at 1800-22-9999 during working hours.
Public Mutual is Malaysia’s largest private unit trust company with more than 160 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-July 2020, the fund size managed by the Company was RM95.2 billion.
Investors are advised to read and understand the contents of the Prospectus of PB Vietnam Global 40 Fund dated 18 September 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.