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Public Mutual declares distributions for 2 funds
 
 

Public Bank’s wholly-owned subsidiary, Public Mutual declares distributions for two of its funds. The total gross distributions declared are for financial year ended 30 November 2008:

Fund

Gross Distribution / Unit

Public Islamic Balanced Fund

1.00 sen

Public Far-East Dividend Fund

0.35 sen

Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow commented that Public Mutual is pleased to be able to continue to declare distributions on its funds despite a very challenging market condition. “Public Islamic Balanced Fund and Public Far-East Dividend Fund have consistently declared annual distributions since their launch in 2005 and 2006 respectively.” he added.

Public Mutual is Malaysia’s largest private unit trust company with 67 funds under management. It has over 2,000,000 accountholders serviced by over 40,000-strong unit trust consultants. As at 31 October 2008, the total net asset value of the funds managed by the company was RM21.5 billion.

 


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