Public Bank’s wholly-owned subsidiary, Public Mutual, declares distributions totaling more than RM98 million for eight of its funds. The total gross distributions declared for the financial year ended 30 November 2011 are as follows:
Fund Gross Distribution / Unit
Non-Shariah based Fund
Public Select Alpha-30 Fund, 2.50 sen per unit
Public Far-East Alpha-30 Fund, 0.25 sen per unit
Public Far-East Dividend Fund, 0.50 sen per unit
Shariah based Funds
Public Islamic Sector Select Fund, 2.00 sen per unit
Public Islamic Alpha-40 Growth Fund, 0.75 sen per unit
Public Islamic Asia Leaders Equity Fund, 0.75 sen per unit
Public Islamic Balanced Fund, 1.00 sen per unit
Public Islamic Infrastructure Bond Fund, 2.50 sen per unit
Public Mutual’s Chief Executive Officer Ms. Yeoh Kim Hong said that the Company is pleased to be able to declare distributions despite the current challenging market conditions.
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.
Public Far-East Alpha-30 Fund is an equity fund that seeks to achieve capital appreciation over the medium-to long-term period by investing in up to a maximum of 30 stocks in the domestic and regional markets whereas,
Public Far-East Dividend Fund is an equity fund that provides income by investing in a portfolio of stocks in domestic and regional markets which offer or have the potential to offer attractive dividend yields.
Public Islamic Sector Select Fund, Public Islamic Alpha-40 Growth Fund and Public Islamic Asia Leaders Equity Fund are Shariah-based equity funds.
Public Islamic Sector Select Fund seeks to achieve long-term capital appreciation by investing in a portfolio of securities, mainly equities, that complies with Shariah requirements from market sectors in the domestic market.
Public Islamic Alpha-40 Growth Fund aims to achieve capital growth by investing in up to a maximum of 40 stocks which comply with Shariah requirements.
Public Islamic Asia Leaders Equity Fund aims to achieve capital growth over the medium- to long-term period by investing mainly in stocks of companies with market capitalisation of US$1 billion and above in domestic and regional markets that comply with Shariah requirements.
Public Islamic Balanced Fund aims to provide steady income and capital growth over the medium- to long-term period by investing in a portfolio of Shariahcompliant investments, while Public Islamic Infrastructure Bond Fund is to provide annual income to investors through investments in sukuk of companies in the infrastructure sector.
All of the above funds are distributed by Public Mutual unit trust consultants. Public Mutual is Malaysia’s largest private unit trust company with 90 funds under management. It has 2.6 million accountholders and as at 31 October 2011, the total net asset value of the funds managed by the company was RM43.7 billion.
Sumber: Public Mutual Berhad
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