Public Mutual has been dishing out fund after fund right after there were some signs of covid19 recovery. I've lost track of the funds being launched.
However, one of the fund that caught my eye was the name of it, the Public e Al-Mutawazan Strategy Fund (PeMZSF).
I downloaded the fund prospectus and found that Public e Al-Mutawazan Strategy Fund is actually a Malaysia market focused balanced fund with some headway to make overseas investments. The word "Mutawazan" literally means balance (in Urdu/Arabic). As hence, this fund is also a shariah compliant fund. These days, Shariah compliant funds also tend to focus on thematic plays (sector focused) by investing in technology, healthcare, consumer and ecommerce and the fund's strategy is also similar (from Prospectus). I would expect it to have some small exposure to Tesla stocks also.
The characteristics of the fund :
- Invests primarily in Shariah-compliant equities of companies which have the potential to generate earnings growth over the long term.
- Invests 35% to 65% of its net asset value (NAV) in Shariah-compliant equities.
- Invests 35% to 65% of its NAV in sukuk.
- Invests up to 25% of its NAV in Shariah-compliant foreign assets.
- Minimum investment of only RM100 via Public Mutual Online
Do note this is a Public Mutual e-Series fund, means that the lowest amount of initial investment is RM100 only. You cannot buy this fund from your mutual fund agent, only via Public Mutual Online PMO.
More info on this fund is at the below link.
📍Links