Public Mutual declares distributions for 2 funds

9:10 PM / Posted by JAMIAN SARIF /

Public Bank’s wholly-owned subsidiary, Public Mutual declares distributions for two of its funds. The gross distributions declared are for financial year ended 31 March 2008:

  • Public Aggressive Growth Fund - Gross distribution of 15.00 sen per unit
  • Public Regular Savings Fund - Gross distribution of 10.00 sen per unit

Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow said Public Aggressive Growth Fund and Public Regular Savings Fund have generated a five-year return of 150.8% and 119.2% respectively for the period ended 7 March 2008, according to The Edge-Lipper Fund Table dated 17 March 2008. These funds have outperformed the benchmark Kuala Lumpur Composite Index (KLCI), which registered a gain of 103.9% for the same period.

Public Mutual is the largest private unit trust company in Malaysia, and it manages 61 funds for more than 1,650,000 accountholders. As at 31 December 2007, the total NAV of the funds managed by the company was RM28.4 billion.