Public Mutual declares distributions for 9 funds

KUALA LUMPUR: Public Mutual Bhd has declared distributions for nine of its funds, ranging from one sen to six sen, for their financial years ending June 30, 2013.

The fund said on Friday it declared gross distribution of six sen per unit for the PB Islamic Bond Fund, five sen for the PB Fixed Income Fund and four sen for the PB Infrastructure Bond Fund.

The gross distribution per unit for the PB Growth Fund and PB Balanced Fund was three sen.

As for the PB Cash Management Fund, PB Islamic Cash Management Fund and Public Islamic Money Market Fund, the gross distribution was 2.50 sen per unit.

Public Mutual declared one sen per unit as gross distribution for the PB Singapore Advantage-30 Equity Fund.

It said the PB Growth Fund aims to achieve capital growth through investment in a diversified portfolio of growth stocks.

PB Singapore Advantage-30 Equity Fund seeks to achieve capital growth over the medium- to long-term period by investing in up to a maximum of 30 stocks in the Singapore market including Singapore stocks listed in other markets.

PB Balanced Fund aims to provide steady income and capital growth over the medium- to long-term period. The fund invests 40% to 60% of the net asset value (NAV) in equities listed primarily on Bursa Securities.

PB Fixed Income Fund aims to provide a steady stream of annual income through its investment in private debt securities (bonds) and money market instruments.

PB Infrastructure Bond Fund seeks to provide annual income to investors through investments in fixed income securities of companies in the infrastructure sector.

PB Islamic Bond Fund seeks to provide annual income to investors through investment in Islamic debt securities.

PB Cash Management Fund, PB Islamic Cash Management Fund and Public Islamic Money Market Fund are money market funds.

Money market funds are for investors with low risk tolerance who wish to park their money on a short-term basis while waiting for an opportune time to invest in equity, balanced, mixed asset or bond funds.

Source from biz.thestar.com.my