Malaysia Admits Indonesia as The Largest Economy in SE Asia
Customers talk in front the Malaysias Public Bank logo at its headquarters in Kuala Lumpur January 20, 2010. Malaysias Public Bank expects profit margin to stabilise in 2010 after a slight drop last year as the economy recovers from the worst downturn in more than a decade, said a top executive.
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Public Bank is launching its latest fund, PB Indonesia Balanced Fund (PBINDOBF), on 12 October 2010. PBINDOBF is a balanced fund that seeks to achieve income and capital growth by investing in a portfolio of investments primarily in the Indonesian market including Indonesian businesses/companies listed in other permitted markets. PBINDOBF is managed by Public Bank s wholly-owned subsidiary, Public Mutual.
Public Mutuals Chief Executive Officer Ms. Yeoh Kim Hong said Indonesia is the largest economy in Southeast Asia and is among the fastest growing countries in the region. As an emerging economy, Indonesia charted a healthy growth rate averaging 5.1% per annum over 2000-2009, underpinned by resilient domestic demand and a series of economic reforms.
PBINDOBF allows investors the opportunity to participate in the long-term growth potential of a diversified portfolio of blue chip stocks, growth stocks, fundamentally undervalued stocks and dividend stocks traded in the Indonesian market as well as Indonesian businesses/companies listed in other permitted markets.
From: KompasCom
