Wednesday, October 20, 2010
Public Mutual declares income distributions for 3 funds
Public Bank’s wholly-owned subsidiary, Public Mutual, declared distributions totaling more than RM52 million for three of its funds. The gross distributions declared for the respective funds for the financial year ended 31 August 2010 are as follows:
Fund
Gross Distribution (sen per unit)
Public SmallCap Fund
9.00
PB Islamic Equity Fund
1.50
PB Islamic Asia Strategic Sector Fund
0.75
Public SmallCap Fund is an award winning fund, received a total of 14 awards in its category from The Edge-Lipper Malaysia Fund Awards and The Star/Standard & Poor’s Investment Fund Awards Malaysia. Launched in 2000, the fund aims to achieve high capital growth through investments in companies with small market capitalisation with special focus on growth stocks. Public SmallCap Fund has generated a one-year return of 38.83% for the period ended 9 August 2010 which is above its benchmark return of 14.48%. Public SmallCap Fund is distributed by Public Mutual unit trust consultants. (Source: Lipper, 18 August 2010).
Meanwhile, PB Islamic Equity Fund which was launched in 2005, is an Islamic equity fund which aims to achieve capital growth through a diverse selection of growth stocks that complies with Shariah Principles .The fund has generated a one-year return of 19.76% for the same period which is above its benchmark return of 10.69%. PB Islamic Equity Fund is open for EPF Members Investment Scheme.
As for PB Islamic Asia Strategic Sector Fund, it was launched in 2007 with the aim of seeking long-term capital appreciation by investing in a portfolio of securities, mainly equities, that complies with Shariah requirements from selected market sectors in domestic and regional markets. PB Islamic Asia Strategic Sector Fund has generated a one-year return of 0.61 % for the same period.
Both PB Islamic Equity Fund and PB Islamic Asia Strategic Sector Fund are distributed by Public Bank branches nationwide.
Public Mutual is Malaysia’s largest private unit trust company with 79 funds under management. It has over 2,320,000 accountholders and as at 30 July 2010, the total net asset value of the funds managed by the company was RM37.8 billion.
Fund
Gross Distribution (sen per unit)
Public SmallCap Fund
9.00
PB Islamic Equity Fund
1.50
PB Islamic Asia Strategic Sector Fund
0.75
Public SmallCap Fund is an award winning fund, received a total of 14 awards in its category from The Edge-Lipper Malaysia Fund Awards and The Star/Standard & Poor’s Investment Fund Awards Malaysia. Launched in 2000, the fund aims to achieve high capital growth through investments in companies with small market capitalisation with special focus on growth stocks. Public SmallCap Fund has generated a one-year return of 38.83% for the period ended 9 August 2010 which is above its benchmark return of 14.48%. Public SmallCap Fund is distributed by Public Mutual unit trust consultants. (Source: Lipper, 18 August 2010).
Meanwhile, PB Islamic Equity Fund which was launched in 2005, is an Islamic equity fund which aims to achieve capital growth through a diverse selection of growth stocks that complies with Shariah Principles .The fund has generated a one-year return of 19.76% for the same period which is above its benchmark return of 10.69%. PB Islamic Equity Fund is open for EPF Members Investment Scheme.
As for PB Islamic Asia Strategic Sector Fund, it was launched in 2007 with the aim of seeking long-term capital appreciation by investing in a portfolio of securities, mainly equities, that complies with Shariah requirements from selected market sectors in domestic and regional markets. PB Islamic Asia Strategic Sector Fund has generated a one-year return of 0.61 % for the same period.
Both PB Islamic Equity Fund and PB Islamic Asia Strategic Sector Fund are distributed by Public Bank branches nationwide.
Public Mutual is Malaysia’s largest private unit trust company with 79 funds under management. It has over 2,320,000 accountholders and as at 30 July 2010, the total net asset value of the funds managed by the company was RM37.8 billion.
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