KUCHING: Public Bank’s wholly-owned subsidiary, Public Mutual, yesterday declared distributions of more than RM285 million for eight of its funds for the financial period ending November 30, 2014.
The group declared a gross distribution per unit of 2.25 sen for its Public Select Alpha-30 Fund, 2.75 sen per unit for its Public Islamic Sector Select Fund and 1.25 sen for its Public Islamic Alpha-40 Growth Fund.
Meanwhile, the group also declared gross distributions per unit of 1.75 sen for its Public Ittikal Sequel Fund, two sen for its Public Islamic Mixed Asset Fund, 4.50 sen for the Public Islamic Infrastructure Bond Fund, one sen interim distribution for its Public Dividend Select Fund, and 0.4 sen per unit for its Public Far-East Dividend Fund.
Public Select Alpha-30 Fund is an equity fund that aims to achieve capital growth over the medium- to long-term period by investing in up to a maximum of 30 stocks primarily listed on Bursa Securities.
The group’s Public Islamic Sector Select Fund seeks to achieve long-term capital appreciation by investing in a portfolio of stocks that comply with Shariah requirements from market sectors in the domestic market.
Meanwhile, Public Islamic Alpha-40 Growth Fund aims to achieve capital growth by investing in up to a maximum of 40 stocks that comply with Shariah requirements.
At the same time, Public Ittikal Sequel Fund seeks to achieve capital growth over the medium- to long-term period by investing in a portfolio of investments that complies with Shariah principles; while Public Islamic Mixed Asset Fund aims to achieve capital growth over the medium- to long-term period by investing in a mixture of primarily Shariah compliant Malaysian equities, sukuk and Islamic money market instruments.
Both Public Ittikal Sequel Fund and Public Islamic Mixed Asset Fund come with free takaful coverage for unitholders.
Unitholders who qualify will receive group term life with total and permanent disability as well as group personal accident coverage. Terms and conditions apply.
To provide annual income, Public Islamic Infrastructure Bond Fund invests in sukuk of companies in the infrastructure sector.
Public Dividend Select Fund and Public Far-East Dividend Fund are both dividend funds that aim to provide income by investing in a portfolio of stocks which offer or have the potential to offer attractive dividend yields. This is an interim distribution for Public Dividend Select Fund.
Public Select Alpha-30 Fund, Public Islamic Sector Select Fund, Public Islamic Alpha-40 Growth Fund, Public Islamic Infrastructure Bond Fund and Public Dividend Select Fund are all open for EPF Members Investment Scheme.
All the above funds are distributed by Public Mutual unit trust consultants.