Public Bank is to offer Malaysian retail investors PB Capital Protected Resources Fund from tomorrow.
The fund, which will be managed by its fund management arm Public Mutual, is a three-year capital-protected fund linked to a basket of resource-related stocks from regional markets including South Korea, China, Taiwan, Hong Kong, Australia, New Zealand, Malaysia, the Philippines, Indonesia, Singapore and Thailand.
“Investing in the resources sectors provides a hedge against inflation, which is currently fuelled by high oil and food prices. Thus, the fund’s investment in the resources sectors will enable investors to hedge against rising inflationary pressures and maintain the purchasing power of their savings,” said Public Mutual’s chairman Teh Hong Piow.
The fund will invest at least 85% of its nav in ringgit-denominated zero-coupon negotiable instruments of deposits (ZNIDs), high quality debentures and money market instruments. The remainder of the balance will be placed in equities and equity-linked securities.
The offer period runs until 3 October for a minimum investment of MYR1,000 (US$300).
