Public Bank’s wholly-owned subsidiary Public Mutual will soon roll out two new Islamic funds, Bernama reports. The Public Islamic Treasures Growth Fund (PITGF) will invest primarily in small and medium sized companies, which comply with Shariah principles.
The Public Sukuk Fund (PSKF) aims to provide annual income through investments in sukuk and Islamic money market instruments. The PITGF will focus on investments mainly in the domestic market, while the PSKF will invest in a diversified portfolio of sukuk, comprising mainly corporate sukuk.
Click here for the story from Bernama.