Public Mutual Bhd will launch a domestic Islamic fund, Public Islamic Optimal Growth Fund (PIOGF) on April 8 for investors who want an optimal combination of capital appreciation and income growth over the long term.
Its chairman Tan Sri Teh Hong Piow said PIOGF was an Islamic equity fund that sought to provide income and capital growth by investing in Syariah-compliant stocks which offer attractive dividend yields and growth stocks in the domestic market.
“PIOGF invests 50% of its equity investment in syariah-compliant growth stocks in the domestic market while the remaining 50% of its equity investment is invested in syariah-compliant stocks which offer attractive dividend yields,” he added.
The equity exposure of PIOGF will generally range from 75% to 95% of its net asset value. It is priced at 25 sen per unit during the 21-day initial offer period from April 8 to April 28. The minimum initial investment is RM1,000.
