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Tuesday, July 15, 2008

Morningstar Asia (Malaysia) 2007 Fund Awards: Public Ittikal Fund won the Islamic Syariah award (equity category)

KUALA LUMPUR: Public Bank Bhd’s unit Public Mutual won four of the six awards at the Morningstar Asia (Malaysia) 2007 Fund Awards.
According to a statement Tuesday, under the equity category, its Public Ittikal Fund won the Islamic Syariah award and the Public Growth Fund won the Malaysia Equity award.
Under the fixed income category, the Public Bond Fund won the Malaysia Ringgit Bond award while its PB Balanced Fund won the Malaysia Ringgit Balanced award under the balanced category.
In Public Mutual chairman Tan Sri Teh Hong Piow attributed the company’s success to its effective investment strategies.
The Morningstar Fund Awards was to recognise funds and fund groups which added the most value within the context of a relevant peer group for investors over the past one year period.
However, the funds must have had delivered strong three-year and five-year risk adjusted returns in order to obtain awards.
The awards selection criteria also take into consideration qualitative factors which include assessing whether or not there are fundamental risks in a fund too high to merit an award and whether or not a fund is deemed to have deviated from its stated mandate. In a separate statement, Public Mutual also declared distributions for nine of its funds for the financial year / period ended June 30 this year.
For the PB Growth Fund, it declared final gross distribution per unit of five sen while for PB Asia Equity Fund (3.25 sen).
For the PB Islamic Asia Equity Fund, the (two sen); PB Balanced Fund (five sen); PB Fixed Income Fund (5.75 sen); PB Islamic Bond Fund (4.25 sen); PB Cash Management Fund (three sen); PB Islamic Cash Management Fund (three sen) and Public Islamic Money Market Fund (two sen).
(The Star, Malaysia)

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For investment in Islamic unit trust funds (mutual funds) and other Islamic products in Malaysia, pls contact:
Ahmad Sanusi Husain, Independent Consultant, Public Mutual (Islamic Funds)
UOA Tower, Jalan Pinang, Kuala Lumpur, Malaysia:
e-mail: sanusi.my@gmail.com / Mobile no: +6012-610 0526 / Skype: sanusimy
consultant profile: http://ahmad-sanusi-husain.blogspot.com

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