Public Mutual declares distributions for 4 funds
Posted on May 1, 2014, Thursday
KUCHING: Public Bank Bhd’s wholly-owned subsidiary, Public Mutual Bhd (Public Mutual) declared distributions for four of its unit trust funds for the financial year ending April 30, 2014.
It declared a gross distribution of three sen per unit for its PB Dynamic Allocation Fund and its Public Islamic Dividend Fund respectively, 1.5 sen per unit for its Public Far-East Telco & Infrastructure Fund and 0.40 sen per unit for its Public Islamic Asia Dividend Fund.
The PB Dynamic Allocation Fund aims to achieve capital growth over the medium- to long-term period by investing in equities and fixed income securities in fixed income securities and money market instruments, depending on the market outlook.
Meanwhile, Public Islamic Dividend Fund, which is open for EPF Members Investment Scheme, seeks to provide income by investing in a portfolio of stocks that comply with Shariah requirements and which offer or have the potential to offer attractive dividend yields.
Additionally, Public Islamic Asia Dividend Fund aims to provide income by investing in a portfolio of stocks in domestic and regional markets that comply with Shariah requirements and which offer or have the potential to offer attractive dividend yields.
The Public Far-East Telco & Infrastructure Fund seeks to achieve capital growth over the medium- to long-term period by investing in telecommunication, infrastructure and utilities stocks in Far-East markets.
Public Islamic Dividend Fund, Public Islamic Asia Dividend Fund and Public Far-East Telco & Infrastructure Fund are distributed by Public Mutual unit trust consultants, while PB Dynamic Allocation Fund is distributed via Public Bank branches nationwide.
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 (PRS) provider, managing six PRS funds.
It has over 2.9 million accountholders. As at end-March 2014, the total net asset value of the funds managed by the Company was RM62.5 billion.
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