Friday, January 4, 2008

Public Mutual declares distributions for 5 funds

TheEdge

KUALA LUMPUR: Public Bank Bhd’s unit Public Mutual has declared gross distributions of 10 sen per unit for the Public Savings Fund and PB Balanced Fund for the financial year period ended Dec 31, 2007.

It also declared gross distributions of 7.5 sen per unit for the Public Focus Select Fund and nine sen per unit for the PB Growth Fund. As for the Public Islamic Enhanced Bond Fund, it declared gross distribution of 3.5 sen per unit.

Public Mutual chairman Tan Sri Dr Teh Hong Piow said yesterday that the Public Savings Fund, Public Focus Select Fund and PB Growth Fund generated a one-year return of 35.24%, 32.87% and 56.10% respectively for the period ended Dec 7, 2007, based on The Edge-Lipper Fund Table dated Dec 17.

“These funds have generally outperformed the benchmark Kuala Lumpur Composite Index (KLCI), which registered a gain of 30.57 for the same period,” he said.

The PB Balanced Fund generated a one-year return of 33.70% for the period ended Dec 7, 2007, and it also outperformed its benchmark of 19.44% for the same period.

The Public Islamic Enhanced Bond Fund outperformed its benchmark 12-month General Investment Account-rates of 3.70%, with a one-year return of 5.02% for the same period.

Public Mutual manages 55 funds and the total net asset value of the funds managed by the company is RM27.4 billion.

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