Public Bank of Malaysia to launch new fund

by Richard Kilner

Story link: Public Bank of Malaysia to launch new fund

Yesterday Malaysia’s Public Bank announced that it would launch the PB China-ASEAN Equity Fund (PBCAEF).

The fund would be established in order to exploit the growth potential in China and the ASEAN.

It would invest in a portfolio of highly varied areas, and, in so doing, aim for growth in capital over the long and medium term.

At least half of the fund’s assets would be Chinese stocks that are listed on approved markets, such as Hong Kong, the US and the Chinese mainland, amongst others.

The fund will be managed by Public Mutual, a wholly owned subsidiary of the Public Bank.

It is estimated that the fund will be launched on 5 March, of this year.