Thursday, June 30, 2011

Public Mutual declares distribution for 13 funds

KUALA LUMPUR: Public Mutual Bhd has declared distributions for 13 of its funds whose financial years ended June 30, 2011.

''

Public Far-East Consumer Themes Fund 4.00 sen per unit PB Growth Fund 8.50 sen per unit PB China ASEAN Equity Fund 6.00 sen per unit PB Asia Equity Fund 3.50 sen per unit PB Singapore Advantage-30 Equity Fund 0.65 sen per unit PB Islamic Asia Equity Fund 0.75 sen per unit PB Balanced Fund 7.50 sen per unit PB Islamic Bond Fund 5.75 sen per unit PB Fixed Income Fund 5.25 sen per unit PB Infrastructure Bond Fund 3.25 sen per unit Public Islamic Money Market Fund 2.50 sen per unit PB Cash Management Fund 2.50 sen per unit PB Islamic Cash Management Fund 2.25 sen per unit ''

Public Mutual chief executive officer'' Yeoh Kim Hong said on Thursday, June 30 the funds had performed well and'' delivered respectable returns in its categories for the period ended June 10.

For instance, the Public Far-East Consumer Themes Fund generated a one-year return of 16.03% for the period ended'' June 10.

The PB Growth Fund, PB China Asean Equity Fund, PB Asia Equity Fund and PB Singapore Advantage-30 Equity Fund generated one-year returns of 23.14%, 12.99%, 12.91% and 10.17% respectively for the period ended June 10.

Over the same period, PB Islamic Asia Equity Fund generated a one-year return of 12.98%.'' The PB Balanced Fund generated a one-year return of 16.76% for the same period.

Public Mutual said the PB Islamic Bond Fund, PB Fixed Income Fund and PB Infrastructure Bond Fund'' generated one-year returns of 11.80%, 6.95% and 5.93% respectively.

Its money market funds, Public Islamic Money Market Fund, PB Cash Management Fund and PB Islamic Cash Management Fund generated one-year returns of 2.57%, 2.51% and 2.43% respectively for the same period.

Public Mutual said the money market funds were for investors with low tolerance to risk and wanted to park their money on a short-term basis while awaiting to invest in or switch back to equity, balanced or bond funds.

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