Unit Trust Launch : PB Capital Protected Resources Fund (PBCPRF)

Extracted from Public Mutual website :

Public Bank will launch PB Capital Protected Resources Fund (PBCPRF) on 20 August 2008. The fund provides investors an opportunity to tap into the upside potential of the resources sector while providing 100% capital protection over a 3-year investment period. The fund will be managed by its wholly-owned subsidiary, Public Mutual.

Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow said while PBCPRF is a capital protected fund, it provides investors an opportunity to participate in the growth potential of the resources sectors which include oil & gas, metals, agriculture, forestry and paper as well as hedge part of their investments against inflation. “Investing in the resources sectors provides a hedge against inflation, which is currently fuelled by high oil and food prices. Thus, the fund’s investments in the resources sectors will enable investors to hedge against rising inflationary pressures and maintain the purchasing power of their savings,” he explained.

PBCPRF seeks to achieve capital appreciation over the tenure of the fund while providing capital protection upon maturity of the fund. At least 85% of its net asset value (NAV) will be invested in Ringgit denominated zero-coupon negotiable instrument of deposits (ZNIDs) and liquid investments comprising high quality debentures and money market instruments. The balance of its NAV will be invested in equities and equity related securities in resources sectors which are listed in selected regional markets which include South Korea, China, Taiwan, Hong Kong, Australia, New Zealand, Malaysia, Philippines, Indonesia, Singapore, Thailand and other markets.

The Initial Issue Price of PBCPRF is at RM0.9901 per unit during the 45-day initial offer period of 20 August 2008 to 3 October 2008. The service charge is at RM0.0099 per unit, which is 1% of the NAV of the fund during offer period. “As PBCPRF is a close-end fund, the units will only be sold during Offer Period. The minimum investment for the fund is RM1,000,” said Tan Sri Teh.

Public Mutual’s Chairman Tan Sri Teh added that PBCPRF’s capital is protected with a Capital Protected Value of RM1 per unit at the Maturity Date. The Maturity Date is on 13 October 2011 or earlier if the fund is fully sold before 3 October 2008.

PBCPRF is suitable for risk adverse investors. Interested investors can visit any Public Bank branch nationwide or call free-phone at 1-800-88-3323 during normal working hours to find out more about PBCPRF.