Public Bank’s wholly-owned subsidiary, Public Mutual, is launching a new fund named Public Islamic Global Sustainable Growth Fund (PISGSGF) on 20 February 2024.

PISGSGF aims to achieve capital growth over the long term by investing in Shariah-compliant stocks of companies which incorporate environmental, social and governance (ESG) considerations in their business practices. The Fund will focus its investments primarily in the United States (U.S.), Eurozone and the regional markets.

The Fund seeks to ride on the growth prospects of companies across the global markets that incorporate ESG considerations in their business practices, with ESG or sustainability initiatives inclined to have a positive impact on companies’ revenue growth and overall profitability¹.

“The Fund caters to investors who are concerned about the impact of their investments on the environment and the community, and wish to incorporate Shariah-compliant and sustainability considerations into their investments,” said Public Mutual’s Chief Executive Officer, Mr. Chiang Kang Pey.

PISGSGF will invest 75% to 98% of its net asset value (NAV) in Shariah-compliant shares or Shariah-compliant securities equivalent to shares, with the balance invested in Islamic money market instruments and Islamic deposits. To tap into a broader array of sustainability-based investment products, PISGSGF may also invest up to 25% of its NAV in ESG-qualified Islamic exchange-traded funds and unlisted Islamic collective investment schemes which track ESG indices.

The initial issue price for PISGSGF 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 20 February to 11 March 2024, investors can enjoy a promotional sales charge of 4.00% if they invest RM50,000 and above during the offer period.

In conjunction with our Direct Debit Authorisation (DDA) Campaign, investors can also stand a chance to win cash prizes² 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.

For more details on PISGSGF, 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.

¹Climate check: Business’ views on environmental sustainability (https://www2.deloitte.com/content/dam/Deloitte/global/Documents/About-Deloitte/gx-climate-check-business-views-on-environmental-sustainability-report.pdf)

² Subject to terms and conditions.

Investors are advised to read and understand the contents of the Prospectus of Public Islamic Global Sustainable Growth Fund dated 20 February 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.