KUALA LUMPUR: PUBLIC BANK BHD []'s wholly owned subsidiary Public Mutual declared distributions totaling more than RM52 million for three of its funds for the financial year ended Aug 31, 2010.
In a statement on Wednesday, Sept 1, Public Mutual declared nine sen per unit of the Public SmallCap Fund, 1.5 sen per unit for the PB Islamic Equity Fund and 0.75 sen per unit of the PB Islamic Asia Strategic Sector Fund.
Public SmallCap Fund, which was in 2000, aims to achieve high capital growth through investments in companies with small market capitalisation with special focus on growth stocks.
Meanwhile, PB Islamic Equity Fund which was launched in 2005, is an Islamic equity fund which aims to achieve capital growth through a diverse selection of growth stocks that complies with syariah principles.
PB Islamic Equity Fund is open for the Employees Provident Fund (EPF) Members Investment Scheme.
As for PB Islamic Asia Strategic Sector Fund, it was launched in 2007 with the aim of seeking long-term capital appreciation by investing in a portfolio of securities, mainly equities, that complies with syariah requirements from selected market sectors in domestic and regional markets.
Both PB Islamic Equity Fund and PB Islamic Asia Strategic Sector Fund are distributed by Public Bank branches nationwide.
Public Mutual is Malaysia's largest private unit trust company with 79 funds under management. It has over 2.32 million accountholders and as at July 30, 2010, the total net asset value of the funds managed by the company was RM37.8 billion.
In a statement on Wednesday, Sept 1, Public Mutual declared nine sen per unit of the Public SmallCap Fund, 1.5 sen per unit for the PB Islamic Equity Fund and 0.75 sen per unit of the PB Islamic Asia Strategic Sector Fund.
Public SmallCap Fund, which was in 2000, aims to achieve high capital growth through investments in companies with small market capitalisation with special focus on growth stocks.
Meanwhile, PB Islamic Equity Fund which was launched in 2005, is an Islamic equity fund which aims to achieve capital growth through a diverse selection of growth stocks that complies with syariah principles.
PB Islamic Equity Fund is open for the Employees Provident Fund (EPF) Members Investment Scheme.
As for PB Islamic Asia Strategic Sector Fund, it was launched in 2007 with the aim of seeking long-term capital appreciation by investing in a portfolio of securities, mainly equities, that complies with syariah requirements from selected market sectors in domestic and regional markets.
Both PB Islamic Equity Fund and PB Islamic Asia Strategic Sector Fund are distributed by Public Bank branches nationwide.
Public Mutual is Malaysia's largest private unit trust company with 79 funds under management. It has over 2.32 million accountholders and as at July 30, 2010, the total net asset value of the funds managed by the company was RM37.8 billion.
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