Public Mutual To Launch Two Islamic Funds Tomorrow

There will be launched two Islamic funds from Public Mutual Bhd, Public Islamic Alpha-40 Growth Fund (PIA40GF) and Public Islamic Infrastructure Bond Fund (PIINFBF).
The equity exposure of PIA40GF will range between 75 per cent and 98 per cent of its net asset value (NAV).
The initial issue price of PIA40GF and PIINFBF is RM0.2500 per unit and RM1.00 per unit, respectively, during the 21-day initial offer period from Nov 16 to Dec 6 2010.
The minimum initial investment for both funds is RM1,000 and the minimum additional investment is RM100.