KUALA LUMPUR:'' Public Mutual Bhd has declared distributions for its Public Savings Fund, Public Focus Select Fund and Public Islamic Enhanced Bond Fund.
It said on Thursday, Dec 30 the total gross distributions declared for the financial year ending Dec 31, 2010 were nine sen per unit for the Public Savings Fund and two sen per unit for the'' Public Focus Select Fund. It declared a gross distribution of three sen for the Public Islamic Enhanced Bond Fund.
Public Mutual's chief executive officer Yeoh Kim Hong said all the three funds had delivered respectable returns to its investors.
'Public Savings Fund and Public Focus Select Fund have recorded one-year double-digit returns of 17.94% and 25.77% respectively for the period ended Dec 3, 2010. Both funds are open for EPF Members Investment Scheme,' she said.
Public Savings Fund, launched in 1981, is the company's maiden fund. The investment strategy of the fund is to achieve long-term capital appreciation and at the same time produce a reasonable level of income. Public Focus Select Fund, launched in 2004, targets capital growth through investments in medium-sized companies in terms of market capitalisation from diversified economic sectors.
Public Islamic Enhanced Bond Fund, launched in 2006, recorded a one-year return of 4.88% for the same period.
The Shariah-compliant bond fund targets to provide a combination of annual income and modest capital growth primarily through a portfolio allocation across Islamic debt securities and equities that comply with Shariah requirements.
It said on Thursday, Dec 30 the total gross distributions declared for the financial year ending Dec 31, 2010 were nine sen per unit for the Public Savings Fund and two sen per unit for the'' Public Focus Select Fund. It declared a gross distribution of three sen for the Public Islamic Enhanced Bond Fund.
Public Mutual's chief executive officer Yeoh Kim Hong said all the three funds had delivered respectable returns to its investors.
'Public Savings Fund and Public Focus Select Fund have recorded one-year double-digit returns of 17.94% and 25.77% respectively for the period ended Dec 3, 2010. Both funds are open for EPF Members Investment Scheme,' she said.
Public Savings Fund, launched in 1981, is the company's maiden fund. The investment strategy of the fund is to achieve long-term capital appreciation and at the same time produce a reasonable level of income. Public Focus Select Fund, launched in 2004, targets capital growth through investments in medium-sized companies in terms of market capitalisation from diversified economic sectors.
Public Islamic Enhanced Bond Fund, launched in 2006, recorded a one-year return of 4.88% for the same period.
The Shariah-compliant bond fund targets to provide a combination of annual income and modest capital growth primarily through a portfolio allocation across Islamic debt securities and equities that comply with Shariah requirements.
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