AIR ZAMZAM 1KOTAK 24 BOTOL 500ML RM240

AIR ZAMZAM 1KOTAK 24 BOTOL 500ML RM240
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Thursday, July 2, 2009

Public Mutual declares income distributions for seven of its funds

Public Mutual declares income distributions for seven of its funds

Public Bank’s wholly-owned subsidiary, Public Mutual has announced distributions for seven of its funds. The total gross distributions declared for the financial year ended 30 June 2009 are as follows:

Fund
Gross Distribution / Unit

PB Growth Fund


7.50 sen per unit

PB Balanced Fund


6.00 sen per unit

PB Fixed Income Fund


5.00 sen per unit

PB Islamic Bond Fund


3.00 sen per unit

Public Islamic Money Market Fund


2.50 sen per unit

PB Islamic Cash Management Fund


2.50 sen per unit

PB Cash Management Fund


2.50 sen per unit

Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow is pleased that the company was able to declare distributions on these seven funds despite the challenging market conditions. “It is heartening to note that our funds have continued to deliver respectable above-average returns for our investors even in challenging market conditions,” he said.

According to The Edge-Lipper Fund Table dated 22 June 2009, PB Growth Fund and PB Balanced Fund have generated a three-year return of 54.69% and 36.83% respectively for the period ended 12 June 2009. Tan Sri Teh said, “Both funds have been winning awards at The Edge-Lipper Malaysia Fund Awards every year since 2005.”

In the meantime, PB Fixed Income Fund and PB Islamic Bond Fund have generated a three-year return of 17.29% and 14.28% respectively for the period ended 12 June 2009. Public Islamic Money Market Fund, PB Islamic Cash Management Fund and PB Cash Management Fund which were all launched in year 2007, are short-term money market funds suitable for investors who wish to park their monies on a short-term basis before investing or switching to other funds.

Public Mutual is Malaysia’s largest private unit trust company with 70 funds under management. It has over 2,000,000 accountholders serviced by over 40,000 unit trust consultants. As at 5 June 2009, the total net asset value of the funds managed by the company was RM29 billion.

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