Public Bank’s wholly-owned subsidiary, Public Mutual, is launching a new fund named Public Islamic Sustainable Growth Fund (PISGRTF) on 4 June 2024.

PISGRTF aims to achieve capital growth over the long term by investing primarily in Shariah-compliant stocks of companies which incorporate environmental, social and governance (ESG) considerations in their business practices.

The Fund seeks to ride on the growth prospects of sustainability-focused companies as they tend to be favourably-positioned for higher valuations and investment returns over the long term, alongside increased corporate transparency and responsible governance to stakeholders¹.

PISGRTF allows investors to align their sustainability-focused values with their investments. The Fund will focus its investments primarily in the domestic market to capitalise on the sustained domestic demand amid resilient labour market conditions, stable income growth and a recovery in tourist activities.

PISGRTF will invest 75% to 98% of its net asset value (NAV) in Shariah-compliant shares or Shariah-compliant securities related to shares primarily in the domestic market, with the balance invested in Islamic money market instruments and deposits. To tap into the broader array of sustainable investment opportunities globally, PISGRTF may also invest up to 25% of its NAV in the foreign markets.

The initial issue price for PISGRTF is RM0.25 per unit. The minimum initial investment amount is RM1,000, while the minimum additional investment amount is only RM100. During the 21-day initial offer period from 4 to 24 June 2024, investors can enjoy a promotional sales charge of 4.00% if they invest RM30,000 and above per transaction, as well as when they enrol for Direct Debit Authorisation (DDA) of RM100 and above during this period.

In conjunction with our Awards Celebration Campaign, investors will also stand a chance to win² cash prizes and a brand new Tesla Model Y when they invest during the campaign period. Terms and conditions apply. Please visit our website at www.publicmutual.com.my for detailed information about the campaign.

Meanwhile, for more details on PISGRTF, please get in touch with Public Mutual’s unit trust consultants (UTCs) or visit any of Public Mutual’s branches nationwide.

Public Mutual is Malaysia’s largest private unit trust company, with more than 170 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.

¹ ESG Deals Creation and Impact Investing in Malaysia - PwC Malaysia (https://www.pwc.com/my/en/assets/publications/2023/esg-deals-creation-and-impact-investing-in-malaysia.pdf)

² Subject to terms and conditions.

Investors are advised to read and understand the contents of the Prospectus of Public Islamic Sustainable Growth Fund dated 4 June 2024 and the fund’s Product Highlights Sheet (PHS) before investing. Investors should understand, compare and consider the risks, 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 professional advice. Please refer to our investment disclaimer.