Public Mutual's new Islamic funds to focus on the domestic market
Public Mutual wil launch two new Islamic funds, Public Islamic Treasures Growth Fund (PITGF) and Public Sukuk Fund (PSKF) on 19 July 2011.
The first one is an Islamic equity fund that wants to achieve capital growth over the medium- to long-term period by investing primarily in small and medium sized companies, which comply with Shariah principles.
PSKF on the other hand is an Islamic bond fund that has as purpose to provide annual income through investments in sukuk and Islamic money market instruments.
Syndicate
