Public Mutual had on Thursday launched its Public Strategic Balanced Fund (PSTBLF) where its objective is to achieve capital growth over the medium- to long-term through a balanced asset allocation approach.
Public Mutual CEO Yeoh Kim Hong said this is the first balanced fund that invests up to 98% of its net asset value (NAV) in global markets including the US, Europe and Japan.
“As such, the Fund is poised to leverage on the global growth potential of developed markets. Local investors can also benefit from the anticipated currency appreciation of developed countries such as the US dollar and the Euro," he said.
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Public Mutual CEO Yeoh Kim Hong said this is the first balanced fund that invests up to 98% of its net asset value (NAV) in global markets including the US, Europe and Japan.
“As such, the Fund is poised to leverage on the global growth potential of developed markets. Local investors can also benefit from the anticipated currency appreciation of developed countries such as the US dollar and the Euro," he said.
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