TheEdge
KUALA LUMPUR: Public Mutual Bhd has declared gross distributions of up to 10 sen per unit for four of its unit trust funds for the financial year ended Oct 31, 2007.
The Public Industry Fund had the highest distribution of 10 sen per unit, followed by the Public Equity Fund, Public Islamic Bond Fund and Public Asia Ittikal Fund with distributions of six sen, four sen and two sen, respectively.
Its chairman Tan Sri Teh Hong Piow said the Public Equity Fund and Public Industry Fund had achieved one-year returns of 48.58% and 55.52% respectively as at Oct 12, 2007 on the back of strong performance of the local market.
“As for Public Asia Ittikal Fund, it generated a one-year return of 39.56% for the period ended Oct 12, 2007,” he said in a statement yesterday.
Teh said the Public Islamic Bond Fund generated a one-year return of 4.93% for the period ended Oct 12, 2007, according to The Edge-Lipper Fund Table dated Oct 22, 2007. The fund outperformed its benchmark of 3.69% during the period.
Public Mutual, the largest private unit trust company in Malaysia and currently manages 51 funds for over 1.35 million account holders, managed funds with net asset value totalling RM25.6 billion as at Oct 22, 2007.
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