Wednesday, July 2, 2008

Public Mutual declares distributions for nine funds

TheEdge

KUALA LUMPUR: Public Mutual Bhd, a wholly-owned subsidiary of Public Bank Bhd, has declared distributions for its nine funds for the year ended June 30, 2008 (FY08).

In a statement, the unit trust company said its final gross distributions for its nine funds ranges from two sen per unit to 5.75 sen per unit. PB Balanced Fund headed the list with a total gross distribution of 15 sen per unit after an interim distribution of 10 sen per unit and a final distribution of five sen each in the period under review.

Public Mutual said PB Growth Fund came in second with total gross distribution of 14 sen per unit, after an interim and final gross distribution per unit of nine sen and five sen respectively.

The interim gross distribution of PB Balanced Fund and PB Growth Fund was declared and paid in December 2007. The other funds that declared final gross distributions were PB Asia Equity Fund, PB Islamic Asia Equity Fund, PB Fixed Income Fund, PB Islamic Bond Fund, PB Cash Management Fund, PB Islamic Cash Management Fund and Public Islamic Money Market Fund.

Public Mutual added that PB Growth Fund, PB Balanced Fund and PB Fixed Income Fund were the winners of The Edge-Lipper Malaysia Fund Awards 2008, and were ranked first for five-year returns in their respective categories for the period under June 6, 2008.

Public Mutual is the largest private unit trust company in Malaysia.


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