Fund Name: Public Far East Telco & Infrastructure Fund (PFETIF)

Fund Category: Equity Fund
Type of fund: Capital Growth

Fund Objective
To achieve capital growth over the medium to long term period by investing in securities, mainly equities, in the telecommunication, infrastructure & utilizes sectors in Far-East markets.

Asset Allocation
Equities: 75-90%
The balance will be invested in Fixed Income Securities and Money Market Instruments
(Min 2% in liquid assets).

Up to 98% of PFETIF’s NAV can be invested in selected foreign market which includes South Korea, China, Japan, Taiwan, Hong Kong, Philippines, Indonesia, Singapore, Thailand and other approved markets.

Benchmark
Dow Jones Asia Pacific Index & Dow Jones China Offshore Index.
Customized weight based on the following sectors:

• 40 % Telecommunication
• 30% Construction & Material
• 30% Utilities

This fund is more suitable for medium to long-term investor who has aggressive risk-reward temperament. Most important is, investor can withstand extended periods of market high & lows in pursuit of capital growth.

The initial investment amount is RM1,000. For offer period (8 Jul - 28 Jul 2008), they are offering service charge of 5% (usual is 5.5%).

My comment on this fund:
This is another fund that target the current undervalued telecommunication and infrastructure stock. It has been reported that Asia countries are expected to spend about US$1.8 trillion over the next 5 years, so there a good way to gain big profit there.