Wednesday, June 4, 2008

Public Mutual declares distributions

TheStar

KUALA LUMPUR: Public Mutual Bhd has declared the final distributions for eight of its funds for the financial year ended May 31.

The distributions are 5 sen each for the Public Ittikal Fund and Public Balanced Fund, 4 sen for the Public Select Bond Fund, 2 sen for the PB Asean Fund, and 1.5 sen for the Public Islamic Equity Fund, Public Far-East Select Fund, Public Regional Sector Fund and Public Dividend Select Fund.

Public Mutual said six of the funds declared interim gross distributions in December 2007 ranging from 3.5 sen to 10 sen per unit.

Total gross distributions of the Public Ittikal and Public Balanced funds amounted to 15 sen, it said in a statement.

For the Public Islamic Equity Fund, Public Far-East Select Fund, Public Regional Sector Fund and Public Dividend Select Fund, total gross distributions amounted to 6.5 sen, 5.5 sen, 5 sen and 5.25 sen respectively.

Public Mutual chairman Tan Sri Teh Hong Piow said among the regional funds, Public Far-East Select Fund, Public Regional Sector Fund and PB Asean Dividend Fund had generated a one-year return of 18.92%, 15.02% and 15.34% respectively for the period ended May 16.

“These funds have outperformed their respective benchmarks which registered gains of 6.04%, 9.57% and 3.5% respectively for the same period,” he said. – Bernama


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