Irwan’s

This is a list of investments that are certified by Syariah. The list haven’t been updated for some time but I still believe it could be a good indication of what is being offered by Malaysian Banks. I don’t have the performance history for each fund but you might want to investigate yourself the fund of your interest.

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Public Mutual Bhd has received the Securities Commission’s (SC) approval to double its Public Far East Balance Fund (PFEBF) to three billion units from 1.5 billion units and its Islamic fund Public Asia Ittikal Fund (PAIF) to five billion units from 2.5 billion units to meet the strong demand.

The mutual fund company in a statement said PFEBF’s initial offer of 1.5 billion units (RM375 million) was fully subscribed within the 21-day initial offer, which ended on Feb 12.
The increase in fund size for these funds will enable the company to meet the strong market demand,” chief executive officer Lam Kam Yin said in a statement on March 2.

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via:Shahibbul Anwar
My 2 cents:
With the recent downturn of several mutual fund, now is the best time to buy ones. If you are practicing regular saving (dolar cost averaging) for long term investing, you don’t need to do any guessing, just continue with your plan and forget about this bearish market.

KUALA LUMPUR, Feb 26 (Bernama) — Public Bank’s wholly-owned subsidiary, Public Mutual Bhd will be launching its “Awards Appreciation Campaign 2007″ on March 1, in conjunction with its recent achievement of 21 fund awards at both The Edge-Lipper Malaysia Fund Awards 2007 and The Star/Standards & Poor’s Investment Fund Awards Malaysia 2007.Under the marketing campaign, one percent free units would be given away for all new investments into equity and/or balanced funds within the campaign period from March 1 until March 21, this year, the company said in a statement here Monday.

The offer, however, does not include investment in low-load units of bond fund and/or money market fund.

Public Mutual’s chairman, Tan Sri Dr Teh Hong Piow said the award campaign was also intended to show appreciation to its valued unitholders for their continuing support.

“This campaign is open to all equity and balanced funds under the Public Series of Funds and PB Series of Funds with the exception of Public Ittikal Fund which remains closed,” he said.

– BERNAMA
http://www.bernama.com.my/bernama/v3/news_business.php?id=248654

sent by: shahibbul anwar (email)