Public Bank commenced its distribution and sale of a new unit trust fund, Public e-Islamic Sustainable Millennial Fund (PeISMF) under the Public e-Series of Unit Trust Funds managed by Public Mutual Berhad (PMB) on 5 November 2019.

PeISMF seeks to achieve capital growth over the long term by investing 75% to 98% of its net asset value (NAV) in Shariah-compliant stocks of companies which incorporate sustainability considerations in their business practices, primarily in the environmental and social aspects. PeISMF may invest up to 98% of its NAV in foreign markets, including the United States, Europe and Asia Pacific.
 
The Fund caters to investors, notably the millennials, who wish to incorporate sustainability considerations into their investments to achieve capital growth in the long run. Meanwhile, a global executive study and research project conducted by MIT Sloan Management Review revealed that the adoption of sustainability business practices, primarily in the environmental and social aspects, has become increasingly significant for companies across all industries.
 
To encourage investments amongst young investors, the minimum initial and additional investment amounts are both set at only RM100 and the sales charge is as low as 3.75% and they can invest via Public Mutual Online. PeISMF is distributed by Public Mutual unit trust consultants and Public Bank branches.
 
The initial issue price for PeISMF is RM0.2500 per unit during the 21-day initial offer period from 5 to 25 November 2019. Investors will also receive lucky draw entries and stand a chance to win trendy prizes such as the iPhone 11 and Apple Watch by investing in PeISMF.

With the 2020 Chinese New Year Celebration coming soon, Public Bank launched the “PB Golden Fortune Campaign”, opened to all new and existing individual Public Bank customers aged 18 years old and above. The offer period was from 1 December 2019 to 29 February 2020.
 
Four auspicious gifts consisting of 24K Gold-Plated Scroll of the 8 Golden Horses, 24K Gold-Foiled Auspicious Golden Phoenix, Goldfish Design Sculptured Porcelain Teapot and Goldfish Design Sculptured Porcelain Cup / Saucer / Spoon Set were offered under the Campaign with each representing an excellent piece of craft that symbolises prosperity and success.

To participate, customers have to purchase Unit Trust Funds, PB Smart Link (PBSL) or PB ExcelLink-i (PBE-i) bundled with deposit in selected Current / Savings Accounts in order to get the exclusive gift(s). PBSL is a Single Premium Investment-Linked Insurance Plan whilst PBE-i is a Shariah-Compliant Single Contribution Investment- Linked Takaful Plan.

In conjunction with the launching of a new unit trust fund, namely PB Global Technology and Healthcare Fund on 9 May 2019, eight Investment Talks were held nationwide at the Jalan Raja Chulan RCB Centre, Kota Damansara RCB Centre, Kuantan Branch, Taman Johor Jaya RCB Centre, Kulim Branch, Sungai Petani Branch and Sekinchan Branch.
 
The talks were presented by Public Mutual Berhad’s (PMB) fund managers from Financial Planning and Institutional Support Unit who have extensive experience in investment research and fund management.
 
During the talk, PMB shared on the vast potential of investment opportunities in the global and regional markets besides providing medium and long term investors with information on the benefits of a diversified equity portfolio. All participants were very attentive during the talk.
 
The talks ended with customers engaging with the staff where light refreshments were served. The customers also took the opportunity to share their opinions and investment experiences with PMB. The talks received good response with a total of 182 customers attending the events and many look forward to more similar events in the future.

With the efforts and commitments given by the branches and RCB Centres, the events were deemed a success as it managed to garner a total of RM7.7 million of Unit Trust sales.

On 22 August 2019, Public Bank commenced its distribution and sale of PB Global Opportunities Fund (PBGOPF) under the PB Series of Unit Trust Funds.
 
Managed by Public Mutual Berhad, PBGOPF aims to provide capital appreciation by investing primarily in a diversified portfolio of small and mid-capitalisation companies listed on global markets, which tend to have higher earnings growth potential relative to large-cap companies due to their small earnings base. As the earnings profile of such stocks are more domestic driven compared to large-cap stocks, it also serves as diversification for investors’ portfolios.
 
The Fund will invest 75% to 98% of its net asset value (NAV) in equities while the remaining will be invested in fixed income securities and liquid assets.
 
The initial issue price for PBGOPF was RM0.2500 per unit during the 21-day initial offer period from 22 August to 11 September 2019. The minimum initial investment amount is RM1,000 while the minimum additional investment amount is only RM100.
 

Public Bank participated in a 3-day expo organised by the Real Estate & Housing Developers’ Association (REHDA) on 26 – 28 April 2019 at Mid Valley Exhibition Centre (MVEC) in conjunction with Home Ownership Campaign (HOC) 2019.

​Officiated by the Finance Minister, YB Mr. Lim Guan Eng on 26 April 2019, Datuk Ng Seing Liong, the Organising Chairman and Dato’ Ir Soam Heng Choon, President of REHDA also delivered their opening remarks.

The Bank’s presence was felt with the two booths allocated to us where staff promoted loan related products and services during the event, including a special Promotional Package for Housing loan specially for the campaign to support Government’s initiative to promote home ownership.

 

Public Bank has been constantly rewarding valued customer with exquisite golden reward in conjunction with the Chinese New Year Celebration. Due to the encouraging response from customers, Public Bank launched the “PB Golden Fortune Campaign” opened to all new and existing individual Public Bank customers aged 18 years old and above. The Campaign period was from 1 January to 31 March 2019.
 
Two exquisite limited edition 24k gold-plated auspicious gifts consisting of “Scroll of the Golden Dragon Phoenix” and “Auspicious Double Koi Fish” each representing an excellent piece of gold crafts that symbolises prosperity and success.
 
Customers who participated in the Campaign had the option to purchase either Unit Trust (UT) or PB Smart Link (PBSL) or PB ExcelLink-i (PBE-i) or Gold Investment Account (GIA) bundled with deposit in Current / Savings Accounts and in return they were presented with the exclusive gift(s). There were two plans i.e. PB Golden Plan and PB Fortune Plan for customers’ selection. PB Golden Plan offers the Auspicious Double Koi Fish and PB Fortune Plan offers the Scroll of the Golden Dragon Phoenix.
 
PB Golden Fortune Campaign had been designed for customers who were looking for diversified investment portfolio in achieving their financial goals. Customers could choose from a vast selection of Unit Trust funds that cater for various investment strategies and risk tolerance levels in accordance to their risk appetites in order to achieve their financial goals.

Whilst PB Smart Link / PB ExcelLink-i, is an investment-linked insurance plan that provides insurance coverage. In addition, customers could also choose to invest in gold without having to keep physical gold via the Gold Investment Account.
 

Public Bank commenced the distribution of PB Health Xtra on 3 January 2019, an optional add on rider which provides the latest comprehensive medical benefits available from AIA Bhd. It is attachable to empower, a regular premium investment-linked bancassurance product which provides customers coverage on Death and Total and Permanent Disability with the ability to add various riders to fulfil all the protection needs as well as generate investment returns.

This rider provides coverage until the insured attains age 100, a choice of 4 plans with high annual limit from RM500K up to RM2 million with no lifetime limits. Customers can also choose to have a zero deductible or RM300 per disability where if customers choose to have PB Health Xtra with RM300 deductible, they will pay less.

Besides, customers will be rewarded with Health Wallet amount at the end of the year, provided no claim has been made in the immediate preceding year, up to a total of 10 times. Customers can also enjoy Health Rewards when they sign up as an AIA Vitality member.

The distribution of the existing medical riders, PB Prime MediCare rider and PB Prime MediCare Booster rider has been discontinued after the launch of PB Health Xtra. Health Rewards in PB Health Xtra also replaces Cover Boost, the AIA Vitality Integrated Benefit.