Public Bank’s wholly-owned subsidiary, Public Mutual won two prestigious awards recently. Its Public Islamic Bond Fund received the Best Malaysian Islamic Bond Fund Award for 5 years category at the Failaka Islamic Fund Awards 2008 as well as the award in the Malaysian Ringgit Islamic Bond Category at the Morningstar 2008 Fund Awards (Malaysia)

Earlier in February 2009, Public Islamic Bond Fund also won The Edge-Lipper Malaysia Fund Awards 2009 for Best Bond Malaysian Ringgit Islamic Fund in the 5-year category. With these three awards, the fund has won 10 awards since it was launched in 2001.

Public Islamic Bond Fund was launched with the objective of providing annual income to investors through investments in Islamic Debt Securities. The fund is suitable for investors with conservative risk-reward temperament who seek stability of annual income with some safety of principal.

The fund which was ranked No.1 and No.2 for its five-year returns and three-year returns respectively in its category, has generated a return of 34.16% and 14.44% respectively for the period ended 20 March 2009, according to The Edge-Lipper Fund Table dated 30 March 2009.

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 unit trust consultants. As at 28 February 2009, the total net asset value of the funds managed by the company was RM23.5 billion.