MALAYSIA: Public Mutual will launch its new Islamic equity fund, Public Ittikal Sequel Fund (PITSEQ), on the 11th October. The fund could invest in Australia, China, India, Indonesia, Japan, the Philippines, Singapore, South Korea, Taiwan, Thailand and the US.
PITSEQ comes with free Takaful coverage for unit holders aged between 18 and 59 years with a minimum net asset value of RM5,000 (US$1,591).