Public Mutual Bond Funds (Part 1)

Below are some information that I got from the Q2 2006, quarterly mutual fund report from Public Mutual. It is not the latest info but is sufficient to give anyone an idea on the different investment startegies applied by Public Mutual on its various bond funds.

Public Bond (PBOND)
Strategy: Primarily invests in fixed income securities comprising sovereign bonds, corporate debt securities and money market instrutments. It may also invest in redeemable loan stocks with convertible features to enhance overall returns.

Q2 2006 Investment spread:
Fixed income securities - 95%
Money market - 5%.

Public Islamic Bond (PIBOND)
Strategy: Invests in Islamic debt securities such as Islamic sovereign bonds, corporate debt securities and the balance in Islamic money market instrutments.

Q2 2006 Investment spread:
Fixed income securities - 70%
Money market - 30%.

Comment: Not much different in term of strategy from PBOND except bond selections are limited to those with syariah compliance. Higher % in money market tools.


Public Institutional Bond (PINBOND)
Strategy: Invests in fixed income securities such as sovereign bonds, corporate debt securities and money market instrutments. 50% bond must be minimum "AA" rating while the balance is not less than "A" credit rating.

Q2 2006 Investment spread:
Fixed income securities - 80%
Money market - 20%.

Comment: Although its name has "Institutional", but one glance on the major securities holding reveals that >25% was invested into M'sia Government Bond. Rather misleading with its name...

I will continue this in part 2 as I have too short of time to compile all at once.