PublicMutual
Public Bank’s wholly-owned subsidiary, Public Mutual declares distributions for four of its funds. The total gross distributions declared for the financial year ended 31 July 2008 are as follows:
Public Growth Fund: 10.00 sen
Public Bond Fund: 5.00 sen
Public Islamic Opportunities Fund: 4.00 sen
Public Islamic Select Bond Fund: 1.50 sen
Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow said Public Growth Fund and Public Bond Fund which are the winners of The Morningstar 2007 Fund Awards (Malaysia), have generated five-year returns of 85.14% and 24.41% respectively for the period ended 11 July 2008, according to The Edge-Lipper Fund Table dated 21 July 2008. Public Bond Fund is also the winner of The Edge-Lipper Malaysia Fund Awards 2008.
Meanwhile, Public Islamic Opportunities Fund which was ranked No. 1 for its three-year returns has generated a return of 59.70% for the same period in its category. Public Islamic Opportunities Fund was launched in 2005 while Public Islamic Select Bond Fund was launched last year.
Public Mutual is the largest private unit trust company in Malaysia, and it manages 64 funds for more than 1,800,000 accountholders. As at 30 May 2008, the total fund size managed by the company was RM28.4 billion.
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