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Public Mutual Berhad (Public Mutual) is the largest private unit trust company in Malaysia and currently manages 30 funds with total NAV of more than RM13.4 billion (As at 28 April 2006. Source: The Edge-Lipper, 22 May 2006) for approximately 800,000 accountholders. Incorporated in July 1975, Public Mutual began its operations in 1981 with the launch of the Public Savings Fund, and soon went on to become an industry leader and setting forth new trends in innovative fund development.
Public Mutual has a series of Financial Planning software. The revolutionary Financial Freedom FP Advisor software is a tool exclusive to Public Mutual’s unit trust consultants. It provides a wide array of financial planning services and fund investment analysis ‘on the spot’ and to date, more than 2,660 of Public Mutual’s unit trust consultants have been professionally trained to use the FP Advisor software. On top of these, Public Mutual’s Financial Freedom Retirement Planning and Education Planning software are two user friendly, ‘Do-It-Yourself’ tools that enable you to determine your retirement and your children’s education needs in the comfort of your home.
To help more Malaysians plan their personal finances, Public Mutual opened its first Financial Planning Centre right in the heart of affluent Bangsar at Lot 36-2 & 38-2, Jalan Maarof, Bangsar Baru. The FP Centre offers free financial health check to its unitholders and the general public. The centre is manned by a group of Certified Financial Planners who will also conduct FP talks and workshops, particularly in retirement and education planning.
Market Share And Distribution
Public Mutual anchors a large market share in private unit trust funds when measured by net asset value.
Public Mutual markets its funds through its dedicated and trained unit trust consultants force which is currently the largest and collectively the most productive in the entire private unit trust industry. Public Mutual is linked extensively through its national network of 25 branches and a Financial Planning Centre, as well as agency offices to provide better service to the investors.
In addition, investors of Public Mutual can also take advantage of the Public Bank branches that act as effective collections centres for Public Mutual.
Financial Strength And Track Record
Public Mutual as a subsidiary of the Public Bank Group subscribes readily to the Group's excellence-oriented corporate culture and high standards of financial integrity in the management of its unit trust funds.
Public Mutual is also the most awarded unit trust fund manager in Malaysia. Public Mutual is the biggest winner at The Edge-Lipper Malaysia Fund Awards 2006 and The Star/Standard & Poor's Investment Fund Awards Malaysia 2006, having won a total of 30 awards from both occasions. These victories also bring Public Mutual's medal tally to 75 awards since 1999.
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FUND INFORMATION
Name of Fund Public Global Select Fund
Category of Fund Equity Fund
Approved Fund Size 1.5 Billion Units
Launch Date 28 September 2006
Investor's Risk Profile High Risk
Fund Objective
To seek long term capital appreciation by investing in equities and collective investment schemes in domestic and global markets.
FEES & CHARGES
Service Charge 5% - 7% of NAV per unit
Repurchase Charge Nil
Annual Management Fee 1.75% per annum of the NAV
Management Expense Ratio(%) NA
Annual Trustee Fee
0.08% per annum of NAV, subject to a minimum fee of RM18,000 per annum.
UNIT TRANSACTION
Selling Price At NAV per unit plus service charge (Forward Pricing)
Buying Price At NAV per unit (Forward Pricing)
Initial Investment RM1,000
Additional Investment RM100
Cooling-Off Period
Investors who are investing with Public Mutual for the first time may exercise their cooling-off right within 6 business days from the date of receipt of the application form by Public Mutual and receive a full refund of the investment paid within 10 days of receipt of cooling-off notice by the Manager. For EPF unitholders, the cooling-off is subject to EPF's terms and conditions. This cooling-off right, however, shall not extend to a corporation or institution, the staff of Public Mutual, and persons registered to deal in its unit trust funds.
Repurchase of Units
Unitholders may redeem units on any Business Day and receive payment of repurchase proceeds within 10 days.
INVESTORS SHOULD RELY ON THEIR OWN e.valUATION TO ASSESS THE MERITS AND RISKS OF THE INVESTMENT. IN CONSIDERING THE INVESTMENT, INVESTORS WHO ARE IN DOUBT AS TO THE ACTION TO BE TAKEN SHOULD CONSULT THEIR PROFESSIONAL ADVISERS IMMEDIATELY.