KUALA LUMPUR, May 9 (Bernama) -- Public Bank Bhd’s wholly-owned subsidiary, Public Mutual is launching PB Global Technology and Healthcare Fund (PBGTHF) today.

The bank in a statement said the fund aimed to achieve capital growth over the long term by investing primarily in a portfolio comprising technology and healthcare related stocks and collective investment schemes in global markets.

“The two target sectors are selected due to the increasing adoption of technology products and service, as well as the rising healthcare spending amid the ageing demographic profiles of developed and developing economies such as Europe, Japan and China.

“Through this fund, investors are able to capitalise on the technology and healthcare growth potential across the countries around the globe, including the United States, Europe, Asia Pacific and other permitted markets,” it said.

Meanwhile, Public Mutual chief executive officer Yeoh Kim Hong said PBGTHF may invest in information technology (IT) hardware, software and services companies as well as growth stocks in the technology space.

“It also offers investors exposure to healthcare providers such as hospitals and medical equipment makers, multinational pharmaceutical and biotechnology companies that engage in early-stage research,” she said.

The initial issue price for PBGTHF is 25 sen per unit during the 21-day initial offer period from today to May 29, 2019, and the minimum initial investment amount is RM1,000 while the minimum additional investment amount is only RM100.

Investors may enjoy a special sales charge of as low as 4.00 per cent and stand a chance to win attractive prizes by investing in PBGTHF from now to June 14, 2019, in conjunction with its 29 Awards Celebration Campaign 2019. 

-- BERNAMA