Ride on the Global Technological Revolution with
Public e-Islamic Innovative Technology Fund
Public Bank's wholly-owned subsidiary, Public Mutual, is launching a new fund named Public
e-Islamic Innovative Technology Fund (PeISITF) on 25 May 2021.
Technology has advanced at an unprecedented rate over the last two decades, creating opportunities for new innovations and technologies that continue to improve lives as well as reshape the future of businesses around the world. This digital shift has also increased efficiency and productivity, reduced costs and improved decision-making processes across various industries.
PeISITF aims to ride on the long-term growth potential of companies on the cutting-edge of science and technology around the globe, particularly in the artificial intelligence, medical innovation, cloud computing and electric vehicle sectors. In order to achieve long-term capital growth, the Fund will invest 75% to 98% of its net asset value (NAV) in Shariah-compliant equities globally, with the balance invested in sukuk and Islamic liquid assets.
“Investors who wish to participate in the next wave of the global technological revolution may consider investing in PeISITF, which focuses on global Shariah-compliant companies related to technological and scientific innovations that alter the way consumers, businesses and industries operate,” said Public Mutual’s Chief Executive Officer, Ms Yeoh Kim Hong.
The Fund is available exclusively online via our Public Mutual Online (PMO) platform with a minimum initial and additional investment amount of RM100 and a sales charge of as low as 3.75%. The initial issue price for PeISITF is RM0.2500 per unit during the 21-day initial offer period from 25 May to 14 June 2021.
In addition, the first 100 new investors1 who enrol via the New Investor Enrolment on Public Mutual’s website and invest at least RM3,000 per transaction into PeISITF via the online platform during the campaign period will receive an additional 300 units of PeISITF. All qualified investors will also receive one lucky draw entry and stand a chance to win up to 10,000 additional units of the Fund. Interested investors may find out more about the campaign at www.publicmutual.com.my. Terms and conditions apply.
All statements of transactions, investments and reports regarding PeISITF will be made available online to unit holders. For more details of the Fund, please get in touch with Public Mutual’s unit trust consultants (UTCs) or visit any Public Mutual or Public Bank branch nationwide.
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-March 2021, the fund size managed by the Company was more than RM100 billion^.
1 A new investor is defined as an investor who has never invested with Public Mutual before.
^ Source: As listed in Lipper, April 2021 and inclusive of our wholesale funds.
Investors are advised to read and understand the contents of the Prospectus of Public e-Islamic Innovative Technology Fund dated 25 May 2021 and the fund’s Product Highlights Sheet (PHS) before investing.
Investors should understand the risks of the fund, 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.
Investors should make their own assessment of the merits and risks of the investment. If in doubt, investors should seek for professional advice. Please refer to our website for investment disclaimer.