Public Mutual declares distributions of RM184 million for 13 funds

KUALA LUMPUR (July 1): Public Bank’s wholly-owned subsidiary, Public Mutual, has declares distributions totalling more than RM184 million for 13 of its funds.

The total gross distributions declared for the financial period/year ending 30 June 2014 are as follows:

Fund	Gross Distribution / Unit
Public Far-East Consumer Themes Fund	1.75 sen per unit
Public Islamic Savings Fund	0.50 sen per unit
PB Asia Equity Fund	0.50 sen per unit
PB Islamic Asia Equity Fund	0.50 sen per unit
PB Growth Fund	5.50 sen per unit
PB Singapore Advantage-30 Equity Fund	1.25 sen per unit
PB Balanced Fund	4.25 sen per unit
PB Fixed Income Fund	5.00 sen per unit
PB Infrastructure Bond Fund	4.00 sen per unit
PB Islamic Bond Fund	6.00 sen per unit
PB Cash Management Fund	3.00 sen per unit
PB Islamic Cash Management Fund	3.00 sen per unit
Public Islamic Money Market Fund	3.00 sen per unit

Public Far-East Consumer Themes Fund aims to achieve long-term capital appreciation by investing in securities, mainly equities, in the consumer sector in the domestic and foreign markets.

Whereas, Public Islamic Savings Fund aims to provide income over the medium- to long-term period by investing in a portfolio of investments that complies with Shariah requirements and which offer or have the potential to offer attractive dividend yields. This is the interim distribution for Public Islamic Savings Fund.

PB Asia Equity Fund and PB Islamic Asia Equity Fund seek long-term capital appreciation by investing in blue chips and growth stocks in domestic and regional markets.

Meanwhile, PB Growth Fund aims to achieve capital growth through investment in a diversified portfolio of growth stocks, and 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.  The fund is suitable for investors who plan to hedge their children’s future educational expenses in Singapore.

PB Balanced Fund aims to provide steady income and capital growth over the medium- to long-term period. PB Balanced Fund comes with free insurance coverage for unitholders. Unitholders who qualify will be given group term life and group personal accident coverage. Terms and conditions apply.

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. Whereas, 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 Islamic Bond Fund won two awards at The Edge-Lipper Malaysia Fund Awards 2014 in the Bond Malaysian Ringgit, 5 years category and Bond Malaysian Ringgit (Islamic), 5 years category, as well as an award from the Lipper Global Islamic Fund Awards 2014, Dubai.
On the other hand, PB Cash Management Fund, PB Islamic Cash Management Fund and Public Islamic Money Market Fund are money market funds. Money market funds provide an option for investors who wish to park their money on a short-term basis.

Furthermore, PB Infrastructure Bond Fund, PB Islamic Bond Fund, PB Cash Management Fund and Public Islamic Money Market Fund are open for EPF Members Investment Scheme.

All PB Series of Funds are distributed via Public Bank branches. Whereas, Public Far-East Consumer Themes Fund, Public Islamic Savings Fund and Public Islamic Money Market Fund are distributed by Public Mutual unit trust consultants.

As at end-May 2014, the total net asset value of the funds managed by the Company was RM63.5 billion.

Written by theedgemalaysia.com