BusinessTimes
PACIFIC Mutual Fund Bhd, the unit trust arm of PacificMas Bhd, will distribute RM27.52 million from five of its funds for financial year ended September 30 2007, benefiting some 16,000 account holders.
The five are Pacific Premier Fund, Pacific Income Fund, Pacific Focus18 Fund, Pacific Cash, and Pacific S&P Global STARS Fund.
Pacific Mutual general manager for business development and marketing Gary Gan said these account holders currently hold 800 million units of the total combined fund size of the five funds.
In a statement, Pacific Premier announced an income distribution of six sen per unit, while Pacific Income, Pacific Focus18, Pacific Cash and Pacific Global STARS declared an income distribution of four sen per unit, five sen per unit, 1.5 sen per unit, and three sen per unit respectively.
Based on the net asset value per unit of the respective funds, the income contribution for Pacific Premier, Pacific Income, Pacific Focus18, Pacific Cash and Pacific S&P Global STARS translate to 6.67 per cent, 6.48 per cent, 6.92 per cent, 2.90 per cent and 5.54 per cent distribution yield respectively.
In terms of locally-oriented equity funds, Gan said the distribution for Pacific Premier, Pacific Income and Pacific Focus18 reflect their strong performance exceeding benchmarks over the year in review.
Pacific Mutual manages 17 funds, of which five are funds with global exposure. As at end of September 2007, it has over 50,000 accounts under its management worth RM1.8 billion.
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