Public Mutual PRS Funds Explained

Public Mutual is the fourth private retirement scheme (PRS) provider in Malaysia that launched their PRS funds on 26 November, 2012. Public Mutual will have two PRS schemes, conventional and Syariah, of which each PRS scheme will have 3 core funds, namely Public Mutual PRS Growth / Public Mutual PRS Islamic Growth, Public Mutual PRS Moderate / Public Mutual PRS Islamic Moderate and Public Mutual PRS Conservative / Public Mutual PRS Islamic Conservative funds.  In this article, I will focus on the conventional PRS funds.

Public Mutual PRS Growth Fund is targeting those investors below age of 40 years old or have high risk profile. This fund will mainly invest in combination of index/dividend/growth stocks. 20% of the fund's NAV can be invested in warrants, while up to 40% of the fund's NAV can be invested in existing Public Mutual unit trust funds. 20% of the equity portion of the fund can be invested in Asia Pacific markets.