KUALA LUMPUR: PUBLIC BANK BHD []'s wholly owned subsidiary Public Mutual has declared distributions for 11 funds totalling more than RM143 million for the financial year ended June 30, 2010.
In a statement on Thursday, July 1, Public Mutual said it declared 3.5 sen per unit each for the Public Far-East Consumer Themes Fund and PB China Asean Equity Fund; eight sen for PB Growth Fund; seven sen for the PB Balanced Fund; 1.9 sen for the PB Islamic Cash Management Fund; and 1.5 sen for the PB Islamic Asia Equity Fund.
Meanwhile, it declared distribution of five sen each for the PB Income Fund and PB Islamic Bond Fund; and two sen each for the PB Asia Equity Fund, PB Islamic Money Market Fund and PB Cash Management Fund.
Public Mutual chief executive officer Yeoh Kim Hong said Public Far-East Consumer Themes Fund had generated a one-year return of 23.58% for the period ended June 18, 2010 (Source: Lipper, June 22, 2010).
Meanwhile, PB Growth Fund, PB Asia Equity Fund and PB China Asean Equity Fund have generated one-year returns of 23.43%, 7.47% and 18.34% respectively for the period ended June 18, 2010, she said.
PB Growth Fund, which was launched in 2002, is an award-winning fund, having received a total of seven awards in its category from The Edge-Lipper Malaysia Fund Awards and The Star/Standard & Poor's Investment Fund Awards Malaysia.
Within the same period, PB Islamic Asia Equity Fund generated a one-year return of 11.56%. PB Balanced Fund, which was launched in 1998, is also an award-winning fund, having received a total of 17 awards in its category from The Edge-Lipper Malaysia Fund Awards, Morningstar Fund Awards (Malaysia) and The Star/Standard & Poor's Investment Fund Awards Malaysia.
This fund generated a one-year return of 13.67% for the period ended June 18, 2010, said Yeoh.
At the same time, PB Fixed Income Fund and PB Islamic Bond Fund generated one-year returns of 9.26% and 9% respectively for the same period.
PB Islamic Bond Fund and PB Cash Management Fund are open for the Employees Providence Fund (EPF) Members Investment Scheme. As for money market funds, Public Islamic Money Market Fund, PB Cash Management Fund and PB Islamic Cash Management Fund have generated one-year returns of 1.87%, 1.78% and 1.69% respectively for the same period.
"The money market funds provide an option for investors with low tolerance to risk who wish to park their money on a short-term basis while waiting for opportune time to investing in or switching back to equity, balanced or bond funds," said Yeoh.
All of these funds are distributed via Public Bank branches nationwide, with the exception of Public Far-East Consumer Themes Fund and Public Islamic Money Market Fund, which are distributed by Public Mutual unit trust consultants. Public Mutual is Malaysia's largest private unit trust company with 78 funds under management.
It has over 2,320,000 accountholders and as at May 31, 2010, the total net asset value of the funds managed by the company was RM35.9 billion.
In a statement on Thursday, July 1, Public Mutual said it declared 3.5 sen per unit each for the Public Far-East Consumer Themes Fund and PB China Asean Equity Fund; eight sen for PB Growth Fund; seven sen for the PB Balanced Fund; 1.9 sen for the PB Islamic Cash Management Fund; and 1.5 sen for the PB Islamic Asia Equity Fund.
Meanwhile, it declared distribution of five sen each for the PB Income Fund and PB Islamic Bond Fund; and two sen each for the PB Asia Equity Fund, PB Islamic Money Market Fund and PB Cash Management Fund.
Public Mutual chief executive officer Yeoh Kim Hong said Public Far-East Consumer Themes Fund had generated a one-year return of 23.58% for the period ended June 18, 2010 (Source: Lipper, June 22, 2010).
Meanwhile, PB Growth Fund, PB Asia Equity Fund and PB China Asean Equity Fund have generated one-year returns of 23.43%, 7.47% and 18.34% respectively for the period ended June 18, 2010, she said.
PB Growth Fund, which was launched in 2002, is an award-winning fund, having received a total of seven awards in its category from The Edge-Lipper Malaysia Fund Awards and The Star/Standard & Poor's Investment Fund Awards Malaysia.
Within the same period, PB Islamic Asia Equity Fund generated a one-year return of 11.56%. PB Balanced Fund, which was launched in 1998, is also an award-winning fund, having received a total of 17 awards in its category from The Edge-Lipper Malaysia Fund Awards, Morningstar Fund Awards (Malaysia) and The Star/Standard & Poor's Investment Fund Awards Malaysia.
This fund generated a one-year return of 13.67% for the period ended June 18, 2010, said Yeoh.
At the same time, PB Fixed Income Fund and PB Islamic Bond Fund generated one-year returns of 9.26% and 9% respectively for the same period.
PB Islamic Bond Fund and PB Cash Management Fund are open for the Employees Providence Fund (EPF) Members Investment Scheme. As for money market funds, Public Islamic Money Market Fund, PB Cash Management Fund and PB Islamic Cash Management Fund have generated one-year returns of 1.87%, 1.78% and 1.69% respectively for the same period.
"The money market funds provide an option for investors with low tolerance to risk who wish to park their money on a short-term basis while waiting for opportune time to investing in or switching back to equity, balanced or bond funds," said Yeoh.
All of these funds are distributed via Public Bank branches nationwide, with the exception of Public Far-East Consumer Themes Fund and Public Islamic Money Market Fund, which are distributed by Public Mutual unit trust consultants. Public Mutual is Malaysia's largest private unit trust company with 78 funds under management.
It has over 2,320,000 accountholders and as at May 31, 2010, the total net asset value of the funds managed by the company was RM35.9 billion.
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