KUCHING: Public Bank Bhd’s wholly-owned subsidiary, Public Mutual Bhd has declared distributions for 10 funds totalling over RM573 million.
In the company’s release yesterday, the gross distributions per unit announced for respective funds for the financial year ended May 31 this year were Public Ittikal Fund at eight sen, Public Islamic Equity Fund at two sen, Public Islamic Select Treasures Fund at 1.5 sen, Public Far-East Select Fund and Public Regional Sector Fund at 1.75 sen each.
Others included Public Global Select Fund at 0.75 sen, Public Dividend Select Fund at three sen, PB Asean Dividend Fund at 1.5 sen, Public Balanced Fund at seven sen, and Public Select Bond Fund at 4.5 sen. Public Mutual’s chief executive officer, Yeoh Kim Hong said the afore-mentioned funds had performed well for the period as at May 13 this year.
“Public Ittikal Fund and Public Islamic Equity Fund have generated one-year returns of around 20 per cent and 15.47 per cent, respectively, for the period, according to the latest Edge-Lipper Fund Table.
Another syariah-compliant fund Public Islamic Select Treasures Fund, launched in 2008, has generated a one-year return of 21.86 per cent within the same period.
“As for our regional and global funds, Public Far- East Select Fund and Public Regional Sector Fund have generated one-year returns of 24.25 per cent and 23.69 per cent, respectively.
Meanwhile, Public Global Select Fund has generated a one-year return of 8.59 per cent for the period, based also on The Edge-Lipper Fund Table,” she said in a statement.
All Public Ittikal Fund, Public Islamic Equity Fund, Public Islamic Select Treasures Fund, Public Balanced Fund, Public Dividend Select Fund and Public Select Bond Fund were open for Employees’ Provident Fund’s (EPF) ‘Members Investment Scheme’.
With the exception of PB Asean Dividend Fund which was distributed via Public Bank’s branches nationwide, all other funds mentioned had been distributed by Public Mutual’s unit trust consultants. Presently, Public Mutual is the nation’s largest private unit trust company with 85 funds under management.
With over 2,440,000 accountholders, its current total net asset value of funds managed by the company is RM43.4 billion.