KUCHING: Public Bank’s wholly-owned subsidiary, Public Mutual Bhd (Public Mutual), declared distributions yesterday totalling more than RM204 million for six of its funds.
The total gross distributions declared for the financial year ending December 31, 2012 are as follow: Five sen per unit for its Public Savings Fund and Public Islamic Enhanced Bond Fund respectively, 3.5 sen per unit for the Public Strategic Bond Fund and Public Islamic Strategic Bond Fund respectively, 1.5 sen per unit for Public Focus Select Fund and one sen per unit for its Public Islamic Savings Fund.
Launched in 1981, the group’s Public Savings Fund is the company’s maiden fund which aims to achieve long-term capital appreciation while at the same time produce a reasonable level of income. Public Focus Select Fund aims to achieve capital growth through investments in medium-sized companies in terms of market capitalisation from diversified economic sectors. Both funds are open for EPF Members Investment Scheme.
Meanwhile, Public Islamic Savings Fund aims to provide income over the medium- to long-term period by investing in a portfolio of Shariah-compliant investments which offer or have the potential to offer attractive dividend yields. Public Islamic Enhanced Bond Fund seeks to provide a combination of annual income and modest capital growth primarily through a portfolio invested across Islamic debt securities and equities which comply with Shariah requirements.
Public Strategic Bond Fund and Public Islamic Strategic Bond Fund were launched in December 2010. Public Strategic Bond Fund aims to provide annual income to investors through investments in fixed income securities and money market instruments, whereas Public Islamic Strategic Bond Fund aims to provide annual income to investors through investments in sukuk and Islamic money market instruments.
All of the above funds are distributed by Public Mutual unit trust consultants.
Public Mutual is Malaysia’s largest private unit trust company with more than 90 unit trust funds under management. It is also an approved Private Retirement Scheme (provider, managing six PRS funds. It has over 2.8 million accountholders. As at end November 2012, the total net asset value of the funds managed by the Company was over RM52 billion.