Invest in The Best

Invest in The Best

Sunday, May 11, 2008

Public Mutual declares distributions for 3 funds

Public Bank’s wholly-owned subsidiary, Public Mutual declares distributions for three of its funds. The gross distributions declared are for financial year / period ended 30 April 2008:

  • Public Islamic Dividend Fund - Gross distribution of 2.00 sen per unit
  • Public Far-East Balanced Fund - Gross distribution of 1.75 sen per unit
  • Public Islamic Asia Dividend Fund - Gross distribution of 0.40 sen per unit

Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow said Public Islamic Dividend Fund is an Islamic equity fund that aims to provide income by investing in a portfolio of stocks that complies with Shariah requirements and which offer or have the potential to offer attractive dividend yields. “Public Islamic Dividend Fund is suitable for medium- to long-term investors with preference for receiving income while capital growth is secondary”, he added.

As for Public Far-East Balanced Fund, it is a regional balanced fund which aims to provide income and capital growth over the medium- to long-term period. This fund is suitable for medium- to long-term investors who prefer to receive income and a respectable measure of capital growth. It comes with free insurance coverage of up to RM100,000 per qualified unitholder. Terms and Conditions apply.

Meanwhile, Public Islamic Asia Dividend Fund is an Islamic equity income fund that seeks to provide income by investing in a portfolio of stocks in domestic and regional markets that complies with Shariah requirements and which offer or have the potential to offer attractive dividend yields. This fund is suitable for medium- to long-term investors with preference for receiving income while capital growth is secondary.

Public Mutual is the largest private unit trust company in Malaysia, and it manages 62 funds for more than 1,800,000 accountholders. As at 29 February 2008, the total NAV of the funds managed by the company was RM27 billion.

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