19.07.2011 - Public Mutual's new Islamic funds to focus on the domestic market
Public Bank's wholly-owned subsidiary, Public Mutual is launching two new Islamic funds, Public Islamic Treasures Growth Fund (PITGF) and Public Sukuk Fund (PSKF) on 19 July 2011. PITGF is an Islamic equity fund that seeks 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. Meanwhile, PSKF is an Islamic bond fund that seeks to provide annual income through investments in sukuk and Islamic money market instruments..............................................Full Article: Source
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