(馬來西亞大眾銀行附屬公司 A subsidiary of Public Bank Berhad, Malaysia)
19th May, 2014
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***PRESS RELEASE***
Public Bank (Hong Kong) Limited to Distribute Islamic Fund,
Public Ittikal Fund
The Fund is an Islamic Fund. This Fund is therefore subject to the Islamic investment
principles. The Fund invests in a diversified portfolio of primarily Shariah-compliant
Malaysian equities and sukuk. It may also invest in Shariah-compliant equities and
sukuk outside Malaysia to diversify its portfolio.
The Fund may only utilise foreign currency futures contracts (approved as Shariahcompliant by the Shariah Adviser of the Fund) for hedging purposes only. The Fund
will not participate/invest in financial derivatives (except for futures contracts for
hedging purposes only and warrants), options, repo, reverse repo or similar over-thecounter transactions, stock lending and nil-paid/partly paid securities.
The Fund is therefore exposed to a range of investment related risks which includes
market risk, specific security risk, liquidity risk, unlisted security risk, risks
associated with investments in warrants, currency risk, emerging markets risk,
concentration risk, credit risk, interest rate risk, derivatives risk, risk of noncompliance with Shariah requirements, early termination risk and risk of distribution
out of capital.
There are fees and charges involved. The prices of units and distribution payable, if
any, may go up as well as down and may become valueless. Past performance of the
Fund is not an indication of its future performance.
Public Mutual Berhad announced that it is launching its inaugural Islamic unit trust fund,
Public Ittikal Fund (P ITTIKAL) in Hong Kong on 19 May 2014. Public Mutual Berhad, a
wholly-owned subsidiary of Public Bank Berhad (Malaysia) is the fund manager of P
ITTIKAL.
P ITTIKAL was launched in April 1997 in Malaysia, and was among the first Shariahcompliant funds launched in the country1. The Fund is mainly invested in the Malaysian
equity market.
The equity exposure of P ITTIKAL generally ranges from 70% to 98% of its net asset
value (NAV). The balance of the Fund’s NAV will be invested in sukuk (Islamic bond) and
Islamic liquid assets which include Islamic money market instruments and Islamic
investment accounts. To diversify its portfolio, the Fund may invest in markets outside
Malaysia which include selected North Asia and Southeast Asia markets.
Public Bank (Hong Kong) Limited’s Chief Executive, Mr. Tan Yoke Kong said, “Public
Bank (Hong Kong) Limited is proud to be the appointed representative and distributor of P
ITTIKAL, which is one of Public Mutual Berhad’s award-winning funds2. The Fund is now
offered to investors in the Hong Kong market to complement and diversify their investment
portfolio with Shariah-compliant capital market instruments.”
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Meanwhile, Chief Executive Officer of Public Mutual Berhad, Ms. Yeoh Kim Hong said,
“P ITTIKAL provides investors the opportunity to participate in long-term growth potential
of a diversified portfolio of primarily Shariah-compliant Malaysian equities and sukuk
(Islamic bond).
“Looking ahead, the outlook for Malaysia’s equity market is supported by fair valuations,
reasonably healthy earnings growth and sustainable economic growth. On the economic
front, Malaysia’s Gross Domestic Product (GDP) growth is projected to sustain at about
5% in 2014 compared to 4.7% registered in 20133,” said Yeoh.
P ITTIKAL is suitable for medium- to long-term investors who are able to withstand ups
and downs of the stock market in pursuit of capital growth.
Interested investors can contact Public Bank (Hong Kong) Limited Customer Hotline at
(852) 8107 0818 for more details of the Fund.
Photo caption: Public Bank (Hong Kong) Limited’s Chief Executive, Mr Tan Yoke Kong
and Public Mutual Berhad’s CEO, Ms Yeoh Kim Hong officiating the launch of P ITTIKAL.
1
Source: Lipper, 31 March 2014.
2
Key recent awards won by P ITTIKAL are Equity Malaysia Islamic (10 years) in The EdgeLipper Malaysia Fund Awards 2011 and Equity Malaysia Islamic (10 years) in The Edge - Lipper
Malaysia Fund Awards 2010.
3
Source: Bloomberg, May 2014.
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The Fund Manager
The fund manager - Public Mutual Berhad is a private unit trust company in Malaysia with
the total fund size surpassing MYR62 billiona (HKD 147.27 billion*). The Company has a
wealth of more than 30 years of experience in managing funds.
A recent survey has shown that Public Mutual Berhad is ranked No. 2 within the top 50
biggest managers of Islamic funds globally (in terms of asset under management as at end
December 2013) for both public equity and sukuk categoriesb.
Public Mutual Berhad is also recognised internationally as an outstanding Islamic fund
manager. The Company has won The Asset Triple A Islamic Finance Awards - Best
Islamic Retail Asset Management House, Malaysia for three consecutive years, from 2011
to 2013.
a
Source: Lipper, 31 March 2014.
Source: AsianInvestor, March 2014.
* Based on the exchange rate of MYR1 = HKD2.3754. Source: Lipper, 31 March 2014.
b
This document is issued by Public Bank (Hong Kong) Limited and has not been reviewed by SFC
or any regulatory authorities in Hong Kong. The information stated here is for reference only and
does not constitute any recommendation, offer or solicitation for purchase or sale of any investment
products. Distribution of this document may be restricted in certain jurisdiction. This document
does not constitute the distribution of any information or the making of any offer or solicitation by
anyone in any jurisdiction in which such distribution or offer is not authorised or to any person to
whom it is unlawful to distribute such information or make such an offer or solicitation.
Investors are advised to read and understand the contents of the Offering Document and Product
Key Facts of the Fund (including the investment related risks) before investing. If investors are in
any doubt about the contents of the Offering Document, they should seek independent professional
financial advice. Investors should not solely rely on this document to make any investment decision
and are responsible for their investment decisions.