Public Mutual declares income distributions for seven of its funds



Public Bank’s wholly-owned subsidiary, Public Mutual has announced distributions for six of its funds. The total gross distributions declared for the financial year ended 31 July 2009 are as follows:

Fund


Gross Distribution / Unit

Public Growth Fund


4.00 sen per unit

Public Islamic Opportunities Fund


2.00 sen per unit

Public Islamic Select Enterprises Fund


1.25 sen per unit

Public Bond Fund


5.00 sen per unit

Public Islamic Select Bond Fund


3.50 sen per unit

Public Islamic Income Fund


2.50 sen per unit

According to The Edge-Lipper Fund Table dated 20 July 2009, Public Growth Fund and Public Islamic Opportunities Fund have generated a three-year return of 40.11% and 45.01% respectively for the period ended 10 July 2009. As for the bond funds, Public Bond Fund has generated a three-year return of 15.56% while Public Islamic Select Bond Fund which was launched in 2007 has generated a one-year return of 6.59%. These funds have outperformed their benchmarks for the respective periods.

Meanwhile, Public Islamic Select Enterprises Fund and Public Islamic Income Fund which were launched last year have generated a six-month return of 16.08% and 4.45% respectively for the period ended 10 July 2009. Both funds are open for EPF Members Investment Scheme.

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 30 June 2009, the total net asset value of the funds managed by the company was RM30.6 billion.