Public Bank’s wholly-owned subsidiary, Public Mutual is launching a new Islamic fund, Public Ittikal Sequel Fund (PITSEQ) on 11 October 2011. PITSEQ is an Islamic equity fund that seeks to achieve capital growth over the medium- to long-term period.
Public Mutual’s Chief Executive Officer Ms. Yeoh Kim Hong said “The Malaysian economy is expected to show resilient growth of 4.8% and 5.3% in 2011 and 2012, supported by sustained consumer spending and growth in the services sector. (Press Release)